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Reading 01867
26 Terrace Park
$615,000
● House - Off Market

26 Terrace Park

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,587 Ft²
$1,243,512
RealtyHop Estimate
97.70%
Since May 1, 2013
MA-Boston
Primary Model

About This Property

ONE OF A KIND!...One owner home!...CUSTOM BUILT SOLID BRICK "California Style" RANCH set beautifully on over one acre in one of Reading's Top Neighborhoods! From the wide flagstone terrace and beyond into the living areas of the house there is an overall air of spacious comfort. The bedrooms are set off on the left of the center hall in a private wing that has all the advantages of a second floor. The incredible finished lower level features 1500SF complete with MEDIA, BAR, BILLIARDS, and more!
Unit Size
3,587 Ft²
Days on Market
-
Land Size
1.02 acres
Price per sqft
$175
Property Type
House
Property Taxes
$659
HOA Dues
-
Year Built
1979

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #71472015)

Price History

Date / Event Date Event Price
Apr 22, 2013 Sold
Premium
Sold
Jan 14, 2013 Listed by RE/MAX Andrew Realty Services $629,000
Listed by RE/MAX Andrew Realty Services

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,886
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,431
  • Total Building Area: 3,551
  • Gross Building Area: 5,064
  • Building Area: 3,551
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,551
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001020
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Reading School District
  • School Tax School District: READING SD
  • Census Tract: 334300

Zoning

  • Zoning: S20

Geography

  • Account Number: 2080000000
  • Parcel: READ M:051.0-0000-0072.0
  • Municipality: READING
  • Latitude: 42.552
  • Longitude: -71.1095

    Address

  • Full Address: 26 Terrace Park
  • Address - House Number: 26
  • Address - Street Name: Terrace
  • Address - Suffix Type: Park
  • State: MA
  • City Name: Reading
  • Carrier Code: C018
  • 4-Digit Zip Code: 1046
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,300,200

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,199,407
  • High Value: 1,411,589
  • Low Value: 987,224

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,109,400
  • Assessed Land Value: $651,100
  • Assessed Improvements Value: $458,300

    Sales

  • Current Sale Recording Date: Apr 22, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000008
  • Previous Sale Recording Date: Sep 22, 2008
  • Previous Sale Document Type: 48
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Reading

Stats & Trends

Median Asking:

$849,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2197 ft²

Average Home Age

55.6 years

Currently For Sale

35 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$4,425 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1P, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71472015

Frequently Asked Questions

When was property at 26 Terrace Park built and last sold?
The property at 26 Terrace Park was built in 1979 and last sold on Jan 1, 1970 for $615,000.
How much is this home worth?
The estimated value of the home located at 26 Terrace Park is $692,788.
What are some comparable homes to 26 Terrace Park?
There are currently no comparable homes to 26 Terrace Park.
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