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Reading 01867
37 Hanscom Ave
$510,500
● House - Off Market

37 Hanscom Ave

Reading, MA 01867
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,568 Ft²
$712,588
RealtyHop Estimate
58.39%
Since Jun 1, 2017
MA-Boston
Primary Model

About This Property

For all the HGTV Fixer Upper Fans...Here is your chance in top BIRCH MEADOW neighborhood! This wonderful spacious Colonial with lots of character and charm  just needs a little imagination! Enter into the sunny living room with fireplace, continue to the dining room with built in hutch.  Large eat in kitchen could use a hug but is functional. As an added bonus enjoy the 3 season porch!  The second floor consists of 4 bedrooms, full bath and could accommodate many different ideas!  Hardwood floors throughout most of house. Full walk out basement with workshop,laundry and storage! 2 car detached garage.  Let your thoughts create EQUITY! Bring this lovely colonial back to life and it's fullest potential!  Handy to schools, parks, YMCA & newly remodeled library!  Convenient to commuter rail and major highways!
Unit Size
1,568 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$287
Property Type
House
Property Taxes
$559
HOA Dues
-
Year Built
1915

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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 #72142001)

Price History

Date / Event Date Event Price
May 15, 2017 Sold
Premium
Sold
Apr 6, 2017 Listed by RE/MAX Leading Edge $449,900
Listed by RE/MAX Leading Edge

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 832
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,848
  • Total Building Area: 1,908
  • Gross Building Area: 2,884
  • Building Area: 1,908
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,908
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000272
  • 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: 334300

Zoning

  • Zoning: S15

Geography

  • Account Number: 1010000000
  • Parcel: READ M:027.0-0000-0109.0
  • Municipality: READING
  • Latitude: 42.5304
  • Longitude: -71.11

    Address

  • Full Address: 37 Hanscom Ave
  • Address - House Number: 37
  • Address - Street Name: Hanscom
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Reading
  • Carrier Code: C034
  • 4-Digit Zip Code: 2106
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,067,000

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 787,915
  • High Value: 926,078
  • Low Value: 649,752

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $910,400
  • Assessed Land Value: $469,700
  • Assessed Improvements Value: $440,700

    Sales

  • Current Sale Recording Date: May 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 71469
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

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2112 ft²

Average Home Age

58.9 years

Currently For Sale

43 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# 72142001

Frequently Asked Questions

When was property at 37 Hanscom Avenue built and last sold?
The property at 37 Hanscom Avenue was built in 1915 and last sold on Jan 1, 1970 for $510,500.
How much is this home worth?
The estimated value of the home located at 37 Hanscom Avenue is $472,495.
What are some comparable homes to 37 Hanscom Avenue?
There are currently no comparable homes to 37 Hanscom Avenue.
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