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Reading 01867
40 Hanscom Ave
$315,000
● House - Off Market

40 Hanscom Ave

Reading, MA 01867
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,150 Ft²
$681,274
RealtyHop Estimate
112.96%
Since Nov 1, 2011
MA-Boston
Primary Model

About This Property

A wonderful condo alternative in the highly sought after Birch Meadow neighborhood. Walk out the sliding glass door and enjoy the well manicured grounds from the privacy of the covered mahogany deck.  A warm and inviting home loaded with charm and character including a fireplace in the living room and built-ins in the dining room.  Plenty of extra space in the two finished and heated rooms in the basement.  A walk up attic provides a great storage area.  Close to schools, YMCA and train.
Unit Size
1,150 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$278
Property Type
House
Property Taxes
$389
HOA Dues
-
Year Built
1925

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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 #71279766)

Price History

Date / Event Date Event Price
Oct 20, 2011 Sold
Premium
Sold
Aug 25, 2011 Listed by RE/MAX Heritage, LLC $319,900
Listed by RE/MAX Heritage, LLC
Sep 30, 1998 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 816
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,209
  • Total Building Area: 1,272
  • Gross Building Area: 2,582
  • Building Area: 1,272
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,272
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000165
  • 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:027.0-0000-0096.0
  • Municipality: READING
  • Latitude: 42.5304
  • Longitude: -71.1105

    Address

  • Full Address: 40 Hanscom Ave
  • Address - House Number: 40
  • Address - Street Name: Hanscom
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Reading
  • Carrier Code: C034
  • 4-Digit Zip Code: 2105
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $737,200

    Appraisal Valuation

  • Standard Deviation: 0.1857
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 665,323
  • High Value: 788,882
  • Low Value: 541,764

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $629,000
  • Assessed Land Value: $452,900
  • Assessed Improvements Value: $176,100

    Sales

  • Current Sale Recording Date: Oct 20, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000018
  • Previous Sale Recording Date: Sep 30, 1998
  • Previous Sale Amount: $161,500
  • 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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,415 /mo

  • Studio
  • 1 Bath
  • 589 ft²
200 Quannapowitt Parkway #S1, 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# 71279766

Frequently Asked Questions

When was property at 40 Hanscom Avenue built and last sold?
The property at 40 Hanscom Avenue was built in 1925 and last sold on Jan 1, 1970 for $315,000.
How much is this home worth?
The estimated value of the home located at 40 Hanscom Avenue is $335,843.
What are some comparable homes to 40 Hanscom Avenue?
There are currently no comparable homes to 40 Hanscom Avenue.
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