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Reading 01867
4 Old Mill Lane
$710,000
● House - Off Market

4 Old Mill Lane

Reading, MA 01867
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,835 Ft²
$815,256
RealtyHop Estimate
16.48%
Since Jun 1, 2021
MA-Boston
Primary Model

About This Property

It's your lucky day because this home is ready for its new owner! Conveniently located on a private cul-de-sac in Reading, this oversized split features four bedrooms and 1,800 sq ft of living space. The spacious kitchen includes tons of cabinetry, a center island, granite counters, stainless steel appliances, and a large dining area with a slider door to the back deck. Relax in the living room, where you'll find vaulted ceilings, a fireplace, and a bright and sunny bay window. The remainder of the main level includes the master bedroom with 3/4 bath, 2 bedrooms, and full bathroom. Downstairs you'll find additional living with a bedroom, 3/4 bathroom, and large bonus room. This home also features a 2 car garage and private backyard with tons of conservation land behind it.
Unit Size
1,835 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$381
Property Type
House
Property Taxes
$788
HOA Dues
$125
Year Built
1998

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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: 5 years ago (MLSPIN #72799592)

Price History

Date / Event Date Event Price
May 14, 2021 Sold
Premium
Sold
Mar 17, 2021 Listed by Classified Realty Group $699,900
Listed by Classified Realty Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,277
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,014
  • Total Building Area: 1,835
  • Gross Building Area: 2,745
  • Building Area: 1,835
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,835
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: PRD

Geography

  • Account Number: 2360000000
  • Parcel: READ M:056.0-0000-0081.0
  • Municipality: READING
  • Latitude: 42.559
  • Longitude: -71.1095

    Address

  • Full Address: 4 Old Mill Ln
  • Address - House Number: 4
  • Address - Street Name: Old Mill
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Reading
  • Carrier Code: C012
  • 4-Digit Zip Code: 1085
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $941,200

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 851,340
  • High Value: 983,845
  • Low Value: 718,835

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $803,100
  • Assessed Land Value: $422,700
  • Assessed Improvements Value: $380,400

    Sales

  • Current Sale Contract Date: May 14, 2021
  • Current Sale Recording Date: May 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 110379
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:

$879,900

Sale Price/ft²

$456

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2092 ft²

Average Home Age

54.4 years

Currently For Sale

24 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72799592

Frequently Asked Questions

When was property at 4 Old Mill Lane built and last sold?
The property at 4 Old Mill Lane was built in 1998 and last sold on May 14, 2021 for $710,000.
How much is this home worth?
The estimated value of the home located at 4 Old Mill Lane is $0.
What are some comparable homes to 4 Old Mill Lane?
There are currently no comparable homes to 4 Old Mill Lane.
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