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Reading 01867
326 Summer Ave
$995,000
● House - Off Market

326 Summer Ave

Reading, MA 01867
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,054 Ft²
$976,105
RealtyHop Estimate
2.86%
Since Aug 1, 2022
MA-Boston
Primary Model

About This Property

Summer Ave dream home. Just take a stroll down the sidewalks and you will see one beautiful home after another, and this is no exception.  Large enough for any family, or any party you plan, this home truly has everything.  The first floor has a large inviting kitchen, formal and family rooms, and finished three season space.  Upstairs there are five really good sized bedrooms and three baths!  The master is an oasis on its own, with a huge closet, gas fireplace, bath with separate tub and shower.  Even the basement is partially finished and has a fireplace, so make it what you want.  Outdoors?  Fantastic deck, pool and good grass space allow you to entertain or just completely relax.  If location is important to you, both town and neighborhood, there are few better than this.  Come experience a forever home!
Unit Size
3,054 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$311
Property Type
House
Property Taxes
$887
HOA Dues
-
Year Built
1950

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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 #72983660)

Price History

Date / Event Date Event Price
Jul 7, 2022 Sold
Premium
Sold
May 18, 2022 Listed by Keller Williams Realty Boston-Metro | Back Bay $949,000
Listed by Keller Williams Realty Boston-Metro | Back Bay
Aug 24, 2017 Sold
Premium
Sold
Jun 7, 2017 Listed by Keller Williams Realty Boston-Metro | Back Bay $699,900
Listed by Keller Williams Realty Boston-Metro | Back Bay
Jul 30, 2001 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 8
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 876
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,677
  • Total Building Area: 2,814
  • Gross Building Area: 3,799
  • Building Area: 2,814
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,814
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000245
  • 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: 340000000
  • Parcel: READ M:011.0-0000-0141.0
  • Municipality: READING
  • Latitude: 42.5161
  • Longitude: -71.1124

    Address

  • Full Address: 326 Summer Ave
  • Address - House Number: 326
  • Address - Street Name: Summer
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Reading
  • Carrier Code: C026
  • 4-Digit Zip Code: 3450
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,138,800

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,079,278
  • High Value: 1,269,239
  • Low Value: 889,317

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $971,700
  • Assessed Land Value: $465,400
  • Assessed Improvements Value: $506,300

    Sales

  • Current Sale Contract Date: Jul 07, 2022
  • Current Sale Recording Date: Jul 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 103529
  • Previous Sale Recording Date: Aug 24, 2017
  • Previous Sale Amount: $720,000
  • 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

$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# 72983660

Frequently Asked Questions

When was property at 326 Summer Avenue built and last sold?
The property at 326 Summer Avenue was built in 1950 and last sold on Jul 7, 2022 for $995,000.
How much is this home worth?
The estimated value of the home located at 326 Summer Avenue is $950,426.
What are some comparable homes to 326 Summer Avenue?
There are currently no comparable homes to 326 Summer Avenue.
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