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Reading 01867
40 Barrows Road
$432,000
● House - Off Market

40 Barrows Road

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,460 Ft²
$745,854
RealtyHop Estimate
73.49%
Since Aug 1, 2015
MA-Boston
Primary Model

About This Property

Traditional three bedroom colonial located  on a dead end street. New roof in 2013. New gas fired hot water heater. 100 AMP electrical service with circuit breakers. Wired for ADT security system. New owner responsible to connect. Attic fan. Screened porch overlooks a spacious backyard. Fireplaced living room opens to a formal dining room with a built in china cabinet. Hardwood flooring throughout most of the main living areas. This neighborhood is convenient to highways and transportation. Any and all offers are due to the broker by 6:00 PM on Tuesday.
Unit Size
1,460 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$294
Property Type
House
Property Taxes
$455
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 #71850376)

Price History

Date / Event Date Event Price
Jul 31, 2015 Sold
Premium
Sold
Jun 3, 2015 Listed by Century 21 North Shore $429,900
Listed by Century 21 North Shore
Jul 7, 2008 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 2
  • Basement Area: 700
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Total Building Area: 1,460
  • Gross Building Area: 2,476
  • Building Area: 1,460
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,460
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • 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: 1270000000
  • Parcel: READ M:031.0-0000-0046.0
  • Municipality: READING
  • Latitude: 42.5353
  • Longitude: -71.126

    Address

  • Full Address: 40 Barrows Rd
  • Address - House Number: 40
  • Address - Street Name: Barrows
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C008
  • 4-Digit Zip Code: 1505
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $731,200

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 748,048
  • High Value: 879,361
  • Low Value: 616,735

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $623,900
  • Assessed Land Value: $389,100
  • Assessed Improvements Value: $234,800

    Sales

  • Current Sale Recording Date: Jul 31, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 126886
  • Previous Sale Recording Date: Jul 07, 2008
  • Previous Sale Amount: $333,000
  • 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

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71850376

Frequently Asked Questions

When was property at 40 Barrows Road built and last sold?
The property at 40 Barrows Road was built in 1950 and last sold on Jan 1, 1970 for $432,000.
How much is this home worth?
The estimated value of the home located at 40 Barrows Road is $449,285.
What are some comparable homes to 40 Barrows Road?
There are currently no comparable homes to 40 Barrows Road.
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