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Reading 01867
31 Center Avenue
Photo of 31 Center Avenue
Sold on Sep 13, 2006

1

Map

$360,500
● House - Off Market

31 Center Avenue

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,677 Ft²
$673,933
RealtyHop Estimate
82.19%
Since Oct 1, 2006
MA-Boston
Primary Model

About This Property

A spacious newly renovated Cape on a private corner lot with 6 rooms offering plenty of living space. The location is nearby to all routes, train, and town stores. 1st flr has a living rm, dining rm, 2 bed rms, eat in kitchen with adjacent lndry hook-up for wash/dryer. All new windows, new vinyl siding, new deck, and 1st floor all refinished hrdwd floors. The upstairs room can be used as an additional bedroom.
Unit Size
1,677 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$221
Property Type
House
Property Taxes
$331
HOA Dues
-
Year Built
1933

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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 #70401771)

Price History

Date / Event Date Event Price
Sep 13, 2006 Sold
Premium
Sold
Jun 6, 2006 Listed $369,900
Listed
Jan 31, 2006 Sold
Premium
Sold
Oct 6, 2005 Listed $279,000
Listed

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 1,105
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,822
  • Total Building Area: 1,381
  • Gross Building Area: 3,416
  • Building Area: 1,381
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,381
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000111
  • 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: 334100

Zoning

  • Zoning: S15

Geography

  • Account Number: 420000000
  • Parcel: READ M:016.0-0000-0094.0
  • Municipality: READING
  • Latitude: 42.5184
  • Longitude: -71.107

    Address

  • Full Address: 31 Center Ave
  • Address - House Number: 31
  • Address - Street Name: Center
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Reading
  • Carrier Code: C014
  • 4-Digit Zip Code: 3529
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $766,100

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 763,446
  • High Value: 889,051
  • Low Value: 637,842

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $653,700
  • Assessed Land Value: $422,400
  • Assessed Improvements Value: $231,300

    Sales

  • Current Sale Recording Date: Sep 13, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00175595
  • Previous Sale Recording Date: Jan 31, 2006
  • Previous Sale Amount: $237,000
  • 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:

$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

$2,615 /mo

  • Studio
  • 1 Bath
  • 588 ft²
200 Quannapowitt Parkway #S3, 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# 70401771

Frequently Asked Questions

When was property at 31 Center Avenue built and last sold?
The property at 31 Center Avenue was built in 1933 and last sold on Jan 1, 1970 for $360,500.
How much is this home worth?
The estimated value of the home located at 31 Center Avenue is $394,321.
What are some comparable homes to 31 Center Avenue?
There are currently no comparable homes to 31 Center Avenue.
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