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Reading 01867
40 Putnam Road
$875,000
● House - Off Market

40 Putnam Road

Reading, MA 01867
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,812 Ft²
$811,857
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Just in time for SPRING!!!  Don't miss your opportunity to move into this turnkey 3/4 bedroom 3 bath ranch that has been meticulously maintained by its current owner.  The main level features beautiful hardwood flooring that flows seamlessly throughout the fireplaced living room with recessed lighting, formal dining room with built-ins, large primary en suite bedroom with updated bath, 2 spacious bedrooms and another updated full bath.  This home is great for entertaining with an updated kitchen that opens up to a family room with vaulted ceilings.  The lower level offers an additional family room, bedroom and a full bath.  2 car attached garage and private backyard set on a beautiful street in Reading.
Unit Size
1,812 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$441
Property Type
House
Property Taxes
$725
HOA Dues
-
Year Built
1958

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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 #72956446)

Price History

Date / Event Date Event Price
Jun 15, 2022 Sold
Premium
Sold
Mar 23, 2022 Listed by Leading Edge Real Estate $799,000
Listed by Leading Edge Real Estate
Jun 26, 2008 Sold
Premium
Sold
Apr 15, 2008 Listed by Leading Edge Real Estate $434,900
Listed by Leading Edge Real Estate
Dec 22, 1987 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,644
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,258
  • Total Building Area: 3,045
  • Gross Building Area: 4,064
  • Building Area: 3,045
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,045
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000281
  • 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: 334400

Zoning

  • Zoning: S15

Geography

  • Account Number: 1410000000
  • Parcel: READ M:034.0-0000-0083.0
  • Municipality: READING
  • Latitude: 42.5378
  • Longitude: -71.1022

    Address

  • Full Address: 40 Putnam Rd
  • Address - House Number: 40
  • Address - Street Name: Putnam
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C015
  • 4-Digit Zip Code: 1741
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $986,700

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 884,247
  • High Value: 1,040,676
  • Low Value: 727,818

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $841,900
  • Assessed Land Value: $471,100
  • Assessed Improvements Value: $370,800

    Sales

  • Current Sale Contract Date: Jun 15, 2022
  • Current Sale Recording Date: Jun 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 90285
  • Previous Sale Recording Date: Jun 26, 2008
  • Previous Sale Amount: $435,000
  • 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:

$857,450

Sale Price/ft²

$456

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

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

$4,030 /mo

  • 2 Beds
  • 2 Baths
  • 1,116 ft²
200 Quannapowitt Parkway #B7P, 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# 72956446

Frequently Asked Questions

When was property at 40 Putnam Road built and last sold?
The property at 40 Putnam Road was built in 1958 and last sold on Jun 15, 2022 for $875,000.
How much is this home worth?
The estimated value of the home located at 40 Putnam Road is $807,409.
What are some comparable homes to 40 Putnam Road?
There are currently no comparable homes to 40 Putnam Road.
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