$217,000
●
Condo -
Off Market
404 Gazebo Circle #404
Reading, MA 01867
2 Beds
2 Baths,
1
Half Bath
1,038 Ft²
$488,519
RealtyHop Estimate
112.40%
Since Jan 1, 2009
MA-Boston
Primary Model
About This Property
Rare opportunity for moderate income family or individual. 1 mile
to commuter rail. Great condition 2 bed, 1.5 bath condo in newer
complex only 12 years old. Professionally managed and very high
owner occupancy rate. Must meet specific Reading income
requirements & be a first time homebuyer.
Unit Size
1,038 Ft²
Days on Market
-
Land Size
-
Price per sqft
$222
Property Type
Condo
Property Taxes
$245
HOA Dues
$164
Year Built
1996
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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 years ago (MLSPIN #70822790)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 17, 2008 | Sold | ||
| Sold | |||
| Sep 18, 2008 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $230,000 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
Property Highlights
Air Conditioning
Garage
Parking Available
Fireplace
Interior Details
Level: Second
Width: 10
Length: 12
Features: Flooring - Stone/Ceramic Tile
Area: 120
Level: Second
Area: 30
Width: 5
Features: Bathroom - Half, Flooring - Stone/Ceramic Tile
Length: 6
Area: 40
Features: Bathroom - Full, Flooring - Stone/Ceramic Tile
Length: 8
Level: Third
Width: 5
Level: Third
Features: Ceiling Fan(s), Flooring - Wall to Wall Carpet
Width: 12
Length: 12
Area: 144
Width: 10
Features: Flooring - Wall to Wall Carpet
Length: 15
Level: Second
Area: 150
Length: 15
Level: Second
Area: 150
Features: Flooring - Wall to Wall Carpet
Width: 10
Features: Bathroom - Full, Ceiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet
Level: Third
Length: 12
Width: 15
Area: 180
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Gas Water Heater, Tank Water Heater, Plumbed For Ice Maker, Utility Connections for Electric Range, Utility Connections for Electric Dryer
Flooring Type: Tile, Carpet
Laundry Features: Flooring - Stone/Ceramic Tile, Third Floor
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Under, Off Street
Garage Spaces: 1
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Summit Village
Structure Type: Townhouse
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Lead Paint: None
Lot Size Units: Acres
Zoning: Unknown
Parcel Number: M:013.A00000404.0, 730688
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $233,100
Tax Annual Amount: $2,937
Utilities Details
Utilities: for Electric Range, for Electric Dryer, Icemaker Connection
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA Fee: $164
Community Features: Public Transportation, Shopping
Pets Allowed: Yes
Complex is Completed
Management: Professional - Off Site
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/18/2008
|
2 Bed
|
2 Bath
|
1038 ft²
|
$230,000
2 Bed
2 Bath
1038 ft²
|
$217,000
-5.65%
12/17/2008
|
Robert Kearns
Berkshire Hathaway HomeServices Commonwealth Real Estate
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017