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Reading 01867
3 Lawrence Rd
$519,000
● House - Off Market

3 Lawrence Rd

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,932 Ft²
$688,966
RealtyHop Estimate
32.75%
Since Sep 1, 2020
MA-Boston
Primary Model

About This Property

Lovely unique, quaint cape on corner lot in a wonderful, quiet neighborhood. Great curb appeal, gleaming hardwood floors throughout, first floor home office, formal living room which could be used as first floor bedroom and kitchen with stainless, granite, hardwood and large breakfast bar overlooking beamed cathedral family room with huge fireplace and efficient pellet stove for a fabulous gathering.  Upstairs find three bedrooms with hardwood floors, built ins and another full bath.  Out back find tiered patios for entertaining.  Walk out basement with driveway for easy storage.  Find the ease of commuting, close to I-95 and I-93, commuter rail and shopping. Most windows are newer, 2 year old furnace and roof.  All CDC guidelines followed, mask mandatory.
Unit Size
1,932 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$269
Property Type
House
Property Taxes
$665
HOA Dues
-
Year Built
1926

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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 #72675986)

Price History

Date / Event Date Event Price
Aug 19, 2020 Sold
Premium
Sold
Jun 18, 2020 Listed by Bentley's $519,000
Listed by Bentley's
Feb 24, 1994 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 752
  • Garage Type: 0
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,767
  • Total Building Area: 1,712
  • Gross Building Area: 2,668
  • Building Area: 1,712
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,712
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000132
  • 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: 1300000000
  • Parcel: READ M:033.0-0000-0065.0
  • Municipality: READING
  • Latitude: 42.536
  • Longitude: -71.1048

    Address

  • Full Address: 3 Lawrence Rd
  • Address - House Number: 3
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C015
  • 4-Digit Zip Code: 1708
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $872,700

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 824,058
  • High Value: 959,634
  • Low Value: 688,482

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $744,600
  • Assessed Land Value: $447,600
  • Assessed Improvements Value: $297,000

    Sales

  • Current Sale Contract Date: Aug 12, 2020
  • Current Sale Recording Date: Aug 19, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 141614
  • Previous Sale Recording Date: Feb 24, 1994
  • Previous Sale Amount: $157,000
  • Previous Sale Document Type: 27
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:

$865,000

Sale Price/ft²

$456

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2135 ft²

Average Home Age

57.1 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

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, 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# 72675986

Frequently Asked Questions

When was property at 3 Lawrence Road built and last sold?
The property at 3 Lawrence Road was built in 1926 and last sold on Aug 12, 2020 for $519,000.
How much is this home worth?
The estimated value of the home located at 3 Lawrence Road is $547,708.
What are some comparable homes to 3 Lawrence Road?
There are currently no comparable homes to 3 Lawrence Road.
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