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Reading 01867
31 Cape Cod Ave
$600,000
● House - Off Market

31 Cape Cod Ave

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,400 Ft²
$853,752
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

Beautiful Colonial COMPLETELY RENOVATED. 3 Bedroom 1 1/2 Baths. Located close to downtown Reading, Library, Commuter Rail, 128 and 93! Fireplace living room, Dining room, kitchen has stainless appliances and quartz countertops. Hardwood floors throughout. Mud room and bonus room on third floor!! New Windows, New Roof, New Heating System! Move right in. Don't wait this house won't last long.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$428
Property Type
House
Property Taxes
$553
HOA Dues
-
Year Built
1956

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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 #72506589)

Price History

Date / Event Date Event Price
Sep 15, 2023 Sold
Premium
Sold
Jul 10, 2019 Sold
Premium
Sold
May 26, 2019 Listed by Jorge Andres Zea $599,000
Listed by Jorge Andres Zea
Sep 4, 2018 Sold
Premium
Sold
Aug 9, 2018 Listed by Jorge Andres Zea $409,000
Listed by Jorge Andres Zea

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 624
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,202
  • Total Building Area: 1,360
  • Gross Building Area: 2,760
  • Building Area: 1,360
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,360
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000234
  • 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: 334200

Zoning

  • Zoning: S15

Geography

  • Account Number: 850000000
  • Parcel: READ M:021.0-0000-0333.0
  • Municipality: READING
  • Latitude: 42.5281
  • Longitude: -71.1099

    Address

  • Full Address: 31 Cape Cod Ave
  • Address - House Number: 31
  • Address - Street Name: Cape Cod
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Reading
  • Carrier Code: C003
  • 4-Digit Zip Code: 2516
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $845,500

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 797,046
  • High Value: 936,960
  • Low Value: 657,132

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $721,400
  • Assessed Land Value: $440,900
  • Assessed Improvements Value: $280,500

    Sales

  • Current Sale Contract Date: Sep 15, 2023
  • Current Sale Recording Date: Sep 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 104763
  • Previous Sale Recording Date: Jul 10, 2019
  • Previous Sale Contract Date: Jul 08, 2019
  • Previous Sale Amount: $600,000
  • 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

$4,675 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 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 months ago
Data Source: MLS PIN, MLS# 72506589

Frequently Asked Questions

When was property at 31 Cape Cod Avenue built and last sold?
The property at 31 Cape Cod Avenue was built in 1956 and last sold on Sep 15, 2023 for $760,000.
How much is this home worth?
The estimated value of the home located at 31 Cape Cod Avenue is $603,623.
What are some comparable homes to 31 Cape Cod Avenue?
There are currently no comparable homes to 31 Cape Cod Avenue.
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