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Reading 01867
31 Causeway Road
$292,000
● House - Off Market

31 Causeway Road

Reading, MA 01867
bedrooms
2 Beds
bathrooms
1 Bath
square feet
965 Ft²
$529,961
RealtyHop Estimate
76.71%
Since May 1, 2005
MA-Boston
Primary Model

About This Property

Great condo alternative!  Move right into this adorable ranch on a dead end street.  Large eat in kitchen, newer bath, beamed cathedral ceiling in living room with hardwood floors.  Newer windows and doors.  Above ground pool, rear deck, shed, sprinkler system, security system, fenced in yard. ***Seller to pay up to $4000 toward closing costs.***
Unit Size
965 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$311
Property Type
House
Property Taxes
$302
HOA Dues
-
Year Built
1932

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #70107627)

Price History

Date / Event Date Event Price
Jan 22, 2021 Sold
Premium
Sold
Sep 23, 2020 Listed by Re/max Top Achievers, Inc. $385,000
Listed by Re/max Top Achievers, Inc.
Mar 29, 2007 Sold
Premium
Sold
Feb 27, 2007 Listed by Re/max Top Achievers, Inc. $314,900
Listed by Re/max Top Achievers, Inc.
Apr 28, 2005 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 785
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 5,589
  • Total Building Area: 966
  • Gross Building Area: 1,570
  • Building Area: 966
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 966
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000128
  • 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: S20

Geography

  • Account Number: 1190000000
  • Parcel: READ M:031.0-0000-0002.0
  • Municipality: READING
  • Latitude: 42.5349
  • Longitude: -71.1305

    Address

  • Full Address: 31 Causeway Rd
  • Address - House Number: 31
  • Address - Street Name: Causeway
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C008
  • 4-Digit Zip Code: 1515
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $594,300

    Appraisal Valuation

  • Standard Deviation: 0.1857
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 601,131
  • High Value: 712,770
  • Low Value: 489,493

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $507,100
  • Assessed Land Value: $384,700
  • Assessed Improvements Value: $122,400

    Sales

  • Current Sale Contract Date: Jan 14, 2021
  • Current Sale Recording Date: Jan 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15410
  • Previous Sale Recording Date: Mar 29, 2007
  • Previous Sale Amount: $302,000
  • 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:

$857,450

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2129 ft²

Average Home Age

56.3 years

Currently For Sale

40 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: 4 months ago
Data Source: MLS PIN, MLS# 70107627

Frequently Asked Questions

When was property at 31 Causeway Road built and last sold?
The property at 31 Causeway Road was built in 1932 and last sold on Jan 14, 2021 for $385,000.
How much is this home worth?
The estimated value of the home located at 31 Causeway Road is $393,612.
What are some comparable homes to 31 Causeway Road?
There are currently no comparable homes to 31 Causeway Road.
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