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Reading 01867
33 Line Rd
$859,900
● House - Off Market

33 Line Rd

Reading, MA 01867
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,300 Ft²
$863,975
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

Stunning Newly Renovated single family home in Reading on the Wakefield line features an open floor plan offering 4 Bedrooms,3 full baths, lots of natural sunlight,.Central A.C. recessed lighting throughout,fully applianced kitchen with oversized island, modern light fixtures with mosaic back splash and quartz counter tops,dining area with sliders to a good size deck,hardwood/ tile floors,master bedroom with private bath and full walk-in tile shower with glass door.Lower level offers 2 bedrooms and 2 full baths,a sitting area and storage, huge back yard great for entertaining.Close distance to Lake Quannapowitt,Rt 93,95, MarketStreet Lynnfield,Restaurants and Shopping.Convenient location!
Unit Size
2,300 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$374
Property Type
House
Property Taxes
$653
HOA Dues
-
Year Built
2002

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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 #73100991)

Price History

Date / Event Date Event Price
May 12, 2023 Sold
Premium
Sold
Apr 26, 2023 In contract -
In contract
Apr 19, 2023 Listed by Coldwell Banker Realty - Boston $859,900
Listed by Coldwell Banker Realty - Boston
Aug 19, 2022 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,200
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,690
  • Total Building Area: 1,800
  • Gross Building Area: 3,760
  • Building Area: 1,800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,800
  • 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: 334400

Zoning

  • Zoning: S15

Geography

  • Account Number: 790000000
  • Parcel: READ M:023.0-0000-0022.0
  • Municipality: READING
  • Latitude: 42.524
  • Longitude: -71.0851

    Address

  • Full Address: 33 Line Rd
  • Address - House Number: 33
  • Address - Street Name: Line
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C002
  • 4-Digit Zip Code: 2768
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $820,000
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.164
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 79
  • Final Value: 761,736
  • High Value: 886,700
  • Low Value: 636,773

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $699,700
  • Assessed Land Value: $358,500
  • Assessed Improvements Value: $341,200

    Sales

  • Current Sale Contract Date: May 12, 2023
  • Current Sale Recording Date: May 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 49298
  • Previous Sale Recording Date: Aug 19, 2022
  • Previous Sale Contract Date: Jul 12, 2022
  • Previous Sale Amount: $530,000
  • 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

$3,855 /mo

  • 2 Beds
  • 2 Baths
  • 1,139 ft²
200 Quannapowitt Parkway #B1A-G2B, 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# 73100991

Frequently Asked Questions

When was property at 33 Line Road built and last sold?
The property at 33 Line Road was built in 2002 and last sold on May 12, 2023 for $859,900.
How much is this home worth?
The estimated value of the home located at 33 Line Road is $877,775.
What are some comparable homes to 33 Line Road?
There are currently no comparable homes to 33 Line Road.
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