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Reading 01867
38 Springvale Rd
Photo of 38 Springvale Rd
Sold on May 29, 2009

1

Map

$366,000
● House - Off Market

38 Springvale Rd

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,824 Ft²
$796,444
RealtyHop Estimate
109.65%
Since Jun 1, 2009
MA-Boston
Primary Model

About This Property

West Side Cape on beautiful side street. This immaculate home features an open floor plan, large first floor family room off of renovated kitchen with separate breakfast/office area, first floor guest room or master bedroom with full bath.  Hardwood floors, fireplace living room, formal dining room, two and one half baths, three plus bedrooms and large basement with potential for finishing.  Over 1,800 sq feet of living space!
Unit Size
1,824 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$208
Property Type
House
Property Taxes
$424
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #70851250)

Price History

Date / Event Date Event Price
May 29, 2009 Sold
Premium
Sold
Nov 29, 2008 Listed $379,900
Listed
Jan 31, 2003 Sold
Premium
Sold
Oct 4, 2002 Listed $399,900
Listed
Aug 2, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,104
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,002
  • Total Building Area: 2,300
  • Gross Building Area: 3,738
  • Building Area: 2,300
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,300
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESCROFT PARK
  • Land Acres: 0000000184
  • 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: 370000000
  • Parcel: READ M:010.0-0000-0275.0
  • Municipality: READING
  • Latitude: 42.517
  • Longitude: -71.1234

    Address

  • Full Address: 38 Springvale Rd
  • Address - House Number: 38
  • Address - Street Name: Springvale
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C026
  • 4-Digit Zip Code: 3363
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,025,700

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 926,409
  • High Value: 1,088,858
  • Low Value: 763,961

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $875,200
  • Assessed Land Value: $455,700
  • Assessed Improvements Value: $419,500

    Sales

  • Current Sale Recording Date: May 29, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00097330
  • Previous Sale Recording Date: Jan 31, 2003
  • Previous Sale Amount: $375,000
  • 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

2173 ft²

Average Home Age

54 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70851250

Frequently Asked Questions

When was property at 38 Springvale Road built and last sold?
The property at 38 Springvale Road was built in 1940 and last sold on Jan 1, 1970 for $366,000.
How much is this home worth?
The estimated value of the home located at 38 Springvale Road is $422,550.
What are some comparable homes to 38 Springvale Road?
There are currently no comparable homes to 38 Springvale Road.
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