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Reading 01867
28 Thorndike Street
$990,000
● House - Off Market

28 Thorndike Street

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,538 Ft²
$1,286,335
RealtyHop Estimate
32.75%
Since Sep 1, 2020
MA-Boston
Primary Model

About This Property

Offer accepted...Open Houses Cancelled. Looking for your forever home? Look no further! This GORGEOUS custom built colonial, just TWO years young, situated on a side street neighborhood with convenient access to routes 95 & 93  will check all of your boxes. HARDWOOD flooring throughout, UPGRADED two panel Shaker Plank cabinets, 8 foot GRANITE island, MARBLE fireplace, and CUSTOM MASTER CLOSET and  built ins are just a few of the luxurious features this beautiful home has to offer. Enjoy your outdoor space year round with private level backyard, 12' x 12' deck, NEW SHED, and much more! The possibilities are endless, potential for an ADDITIONAL SPACE includes: 1,122 sq ft in your WALK  OUT basement and 578 sq ft in the WALK UP attic
Unit Size
2,538 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$382
Property Type
House
Property Taxes
$907
HOA Dues
-
Year Built
2017

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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 #72688234)

Price History

Date / Event Date Event Price
Aug 10, 2020 Sold
Premium
Sold
Jul 9, 2020 Listed by Classified Realty Group $969,000
Listed by Classified Realty Group
Mar 12, 2018 Sold
Premium
Sold
Jan 11, 2018 Listed by Classified Realty Group $859,000
Listed by Classified Realty Group
Jun 10, 2016 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,181
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,945
  • Total Building Area: 3,247
  • Gross Building Area: 4,368
  • Building Area: 3,247
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,247
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000228
  • 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: 334400

Zoning

  • Zoning: S15

Geography

  • Account Number: 1050000000
  • Parcel: READ M:028.0-0000-0072.0
  • Municipality: READING
  • Latitude: 42.5297
  • Longitude: -71.0969

    Address

  • Full Address: 28 Thorndike St
  • Address - House Number: 28
  • Address - Street Name: Thorndike
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C016
  • 4-Digit Zip Code: 2660
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,256,100

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 1,169,275
  • High Value: 1,361,647
  • Low Value: 976,903

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,071,800
  • Assessed Land Value: $462,800
  • Assessed Improvements Value: $609,000

    Sales

  • Current Sale Contract Date: Aug 05, 2020
  • Current Sale Recording Date: Aug 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 134378
  • Previous Sale Recording Date: Mar 12, 2018
  • Previous Sale Amount: $820,000
  • Previous Sale Document Type: O
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

$4,970 /mo

  • 3 Beds
  • 2 Baths
  • 1,402 ft²
200 Quannapowitt Parkway #C4, 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# 72688234

Frequently Asked Questions

When was property at 28 Thorndike Street built and last sold?
The property at 28 Thorndike Street was built in 2017 and last sold on Aug 5, 2020 for $990,000.
How much is this home worth?
The estimated value of the home located at 28 Thorndike Street is $979,423.
What are some comparable homes to 28 Thorndike Street?
There are currently no comparable homes to 28 Thorndike Street.
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