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Reading 01867
3 Zachary Ln
Photo of 3 Zachary Ln
Sold on Nov 29, 2011

1

Map

$1,000,000
● House - Off Market

3 Zachary Ln

Reading, MA 01867
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,431 Ft²
$2,371,002
RealtyHop Estimate
115.55%
Since Dec 1, 2011
MA-Boston
Primary Model

About This Property

This spectacular custom-built home with over 4000 sq ft of living space is exquisitely appointed with every conceivable amenity.  Top quality materials are used throughout.  Even the doors to the heated three-car garage are solid mahogany!  No expense was spared in creating the ultimate in luxury living.  Located in one of Reading's finest neighborhoods.  Please see Features Sheet for the extensive list of quality details.
Unit Size
4,431 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$248
Property Type
House
Property Taxes
$1,219
HOA Dues
-
Year Built
2003

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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: 3 months ago (MLSPIN #71226242)

Price History

Date / Event Date Event Price
Aug 30, 2017 Sold
Premium
Sold
Mar 16, 2017 Listed by RE/MAX Heritage, LLC $1,299,999
Listed by RE/MAX Heritage, LLC
Nov 30, 2011 Sold
Premium
Sold
May 3, 2011 Listed by RE/MAX Heritage, LLC $1,100,000
Listed by RE/MAX Heritage, LLC
Jun 7, 1996 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 14
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,510
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,295
  • Total Building Area: 6,590
  • Gross Building Area: 7,357
  • Building Area: 6,590
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 6,590
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000466
  • 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: 2230000000
  • Parcel: READ M:051.0-0000-0114.0
  • Municipality: READING
  • Latitude: 42.5542
  • Longitude: -71.1121

    Address

  • Full Address: 3 Zachary Ln
  • Address - House Number: 3
  • Address - Street Name: Zachary
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Reading
  • Carrier Code: C018
  • 4-Digit Zip Code: 1081
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,804,100

    Appraisal Valuation

  • Standard Deviation: 0.1574
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 1,720,030
  • High Value: 1,990,907
  • Low Value: 1,449,153

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,539,300
  • Assessed Land Value: $517,100
  • Assessed Improvements Value: $1,022,200

    Sales

  • Current Sale Recording Date: Aug 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 139928
  • Previous Sale Recording Date: Nov 30, 2011
  • Previous Sale Amount: $1,000,000
  • 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:

$874,900

Sale Price/ft²

$458

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2043 ft²

Average Home Age

55.3 years

Currently For Sale

43 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

$3,120 /mo

  • 1 Bed
  • 1 Bath
  • 962 ft²
200 Quannapowitt Parkway #A8, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 3 months ago
Data Source: MLS PIN, MLS# 71226242

Frequently Asked Questions

When was property at 3 Zachary Lane built and last sold?
The property at 3 Zachary Lane was built in 2003 and last sold on Jan 1, 1970 for $1,160,000.
How much is this home worth?
The estimated value of the home located at 3 Zachary Lane is $1,386,476.
What are some comparable homes to 3 Zachary Lane?
There are currently no comparable homes to 3 Zachary Lane.
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