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Reading 01867
32 Maple Ridge Rd
$665,000
● House - Off Market

32 Maple Ridge Rd

Reading, MA 01867
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,858 Ft²
$1,150,272
RealtyHop Estimate
64.35%
Since Jan 1, 2017
MA-Boston
Primary Model

About This Property

Welcome home to this beautiful 5-bedroom Colonial in the desirable West Side of Reading! Set on 1/4 acre with close to 3000 sq. ft. of living space, this home boasts gorgeous hardwood floors throughout that have just been refinished, an over-sized living room with wood burning fireplace, and all 5 bedrooms on the second floor. Enjoy the spacious master suite with walk-in closet, private bathroom and built-in vanity. Bright walkout basement with windows has newer B-Dry waterproofing system and offers a second fireplace, all ready to be refinished! Two-car garage is heated and there is additional storage space in attic. Newer roof, rear porch & hot water heater!
Unit Size
2,858 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$245
Property Type
House
Property Taxes
$670
HOA Dues
-
Year Built
1962

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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 #72077099)

Price History

Date / Event Date Event Price
Dec 28, 2016 Sold
Premium
Sold
Oct 5, 2016 Listed by RE/MAX Leading Edge $699,900
Listed by RE/MAX Leading Edge

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 864
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,463
  • Total Building Area: 2,158
  • Gross Building Area: 3,580
  • Building Area: 2,158
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,158
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000240
  • 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: 160000000
  • Parcel: READ M:007.0-0000-0139.0
  • Municipality: READING
  • Latitude: 42.5095
  • Longitude: -71.1124

    Address

  • Full Address: 32 Maple Ridge Rd
  • Address - House Number: 32
  • Address - Street Name: Maple Ridge
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C011
  • 4-Digit Zip Code: 3845
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,088,000

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 997,352
  • High Value: 1,173,791
  • Low Value: 820,914

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $928,300
  • Assessed Land Value: $544,600
  • Assessed Improvements Value: $383,700

    Sales

  • Current Sale Recording Date: Dec 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1750328
  • Previous Sale Recording Date: Jan 26, 2009
  • Previous Sale Document Type: 48
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:

$865,000

Sale Price/ft²

$456

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2135 ft²

Average Home Age

57.1 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

$2,715 /mo

  • 1 Bed
  • 1 Bath
  • 831 ft²
200 Quannapowitt Parkway #A10J, 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# 72077099

Frequently Asked Questions

When was property at 32 Maple Ridge Road built and last sold?
The property at 32 Maple Ridge Road was built in 1962 and last sold on Jan 1, 1970 for $665,000.
How much is this home worth?
The estimated value of the home located at 32 Maple Ridge Road is $705,300.
What are some comparable homes to 32 Maple Ridge Road?
There are currently no comparable homes to 32 Maple Ridge Road.
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