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Reading 01867
3 Tower Road
$202,000
● House - Off Market

3 Tower Road

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath
$856,301
RealtyHop Estimate
309.71%
Since Aug 1, 1997
MA-Boston
Primary Model

About This Property

CHARMING COLONIAL FEATURING NEW KITCHEN AND BATH. LARGE FP LIVING ROOM, DINING ROOM AND LOVELY 1ST FLOOR SUNROOM/DEN. HARDWOOD FLOORS THROUGHOUT. HEAT & ELEC HAVE BEEN UPDATED. SUITABLE HOUSING CONT.  FOR DETAILS CALL LR.  A MUST SEE.
Unit Size
-
Days on Market
-
Land Size
0.22 acres
Price per sqft
-
Property Type
House
Property Taxes
$223
HOA Dues
-
Year Built
1930

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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 years ago (MLSPIN #30161995)

Price History

Date / Event Date Event Price
Jan 30, 2001 Sold
Premium
Sold
Jan 6, 2001 Listed $325,000
Listed
Jul 25, 1997 Sold
Premium
Sold
May 1, 1997 Listed $209,000
Listed

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 7
  • Basement Area: 1,032
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,914
  • Total Building Area: 1,824
  • Gross Building Area: 3,282
  • Building Area: 1,824
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,824
  • Heating Fuel Type: 6

    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: 334300

Zoning

  • Zoning: S15

Geography

  • Account Number: 1010000000
  • Parcel: READ M:027.0-0000-0079.0
  • Municipality: READING
  • Latitude: 42.5316
  • Longitude: -71.1116

    Address

  • Full Address: 3 Tower Rd
  • Address - House Number: 3
  • Address - Street Name: Tower
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C034
  • 4-Digit Zip Code: 2040
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $917,000

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 843,314
  • High Value: 974,570
  • Low Value: 712,058

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $782,400
  • Assessed Land Value: $462,700
  • Assessed Improvements Value: $319,700

    Sales

  • Current Sale Recording Date: Jan 30, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 25, 1997
  • Previous Sale Amount: $202,000
  • 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:

$866,500

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2107 ft²

Average Home Age

60.3 years

Currently For Sale

42 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

$4,525 /mo

  • 3 Beds
  • 2 Baths
  • 1,323 ft²
200 Quannapowitt Parkway #C1B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30161995

Frequently Asked Questions

When was property at 3 Tower Road built and last sold?
The property at 3 Tower Road was built in 1930 and last sold on Jan 1, 1970 for $335,250.
How much is this home worth?
The estimated value of the home located at 3 Tower Road is $0.
What are some comparable homes to 3 Tower Road?
There are currently no comparable homes to 3 Tower Road.
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