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Reading 01867
3 Estate Ln
Photo of 3 Estate Ln

1

Map

$649,900
● House - Off Market

3 Estate Ln

Reading, MA 01867
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,276 Ft²
$3,951
Est. Monthly

About This Property

Reduced!  Fabulous Colonial in the much desired Birch Meadow Location. This one owner home features 5 second floor bedrooms, (5th very private could be used for an au pair), Formal living and dining room, first floor family room with fireplace updated kitchen with granite counters, 3.5 baths and finished lower level which includes family room, bedroom, full bath and small kitchenette, potential in-law.
Unit Size
2,276 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$286
Property Type
House
Property Taxes
$759
HOA Dues
-
Year Built
1993

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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: 12 days ago (MLSPIN #71260803)

Price History

Date / Event Date Event Price
Jun 3, 2021 Sold
Premium
Sold
Mar 25, 2021 Listed by RE/MAX Heritage, LLC $890,000
Listed by RE/MAX Heritage, LLC
May 1, 2013 Sold
Premium
Sold
Feb 7, 2013 Listed by RE/MAX Heritage, LLC $598,900
Listed by RE/MAX Heritage, LLC
Jul 13, 2011 Listed by RE/MAX Heritage, LLC $649,900
Listed by RE/MAX Heritage, LLC

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,056
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,667
  • Total Building Area: 3,440
  • Gross Building Area: 5,029
  • Building Area: 3,440
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,440
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000337
  • 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: S15

Geography

  • Account Number: 1360000000
  • Parcel: READ M:032.0-0000-0239.0
  • Municipality: READING
  • Latitude: 42.5369
  • Longitude: -71.1156

    Address

  • Full Address: 3 Estate Ln
  • Address - House Number: 3
  • Address - Street Name: Estate
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Reading
  • Carrier Code: C013
  • 4-Digit Zip Code: 1600
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,226,300

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,143,264
  • High Value: 1,344,486
  • Low Value: 942,041

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,046,300
  • Assessed Land Value: $523,500
  • Assessed Improvements Value: $522,800

    Sales

  • Current Sale Contract Date: Jun 03, 2021
  • Current Sale Recording Date: Jun 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 126023
  • Previous Sale Recording Date: May 01, 2013
  • Previous Sale Amount: $605,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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:

$879,900

Sale Price/ft²

$455

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2162 ft²

Average Home Age

54 years

Currently For Sale

22 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 12 days ago
Data Source: MLS PIN, MLS# 71260803

Frequently Asked Questions

When was property at 3 Estate Lane built and last sold?
The property at 3 Estate Lane was built in 1993 and last sold on Jun 3, 2021 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 3 Estate Lane is $897,227.
What are some comparable homes to 3 Estate Lane?
There are currently no comparable homes to 3 Estate Lane.
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