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Reading 01867
41 Canterbury Dr
$345,000
● House - Off Market

41 Canterbury Dr

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,200 Ft²
$616,888
RealtyHop Estimate
81.49%
Since Sep 1, 2014
MA-Boston
Primary Model

About This Property

First time on the market since it was new!  Lovingly cared for and maintained by the original owner since 1966. Now it's your turn to bring your fresh ideas for updates to this fantastic opportunity at a great price to own a 3 bedroom and 1.5 bath Single--it will be well worth it.  This home is located on a dead end street but minutes from Route128/95 and convenient to shopping, coffee, gym etc.  First floor opens to a good sized living room, a full sized dining room and  large eat-in kitchen. There is also a 1/2 bath on the first floor.  Second floor boasts 3 good sized  bedrooms and a full bath. Large flat lot surrounded by a natural area on two sides. Newly connected to town sewer (6/14). Bring your ideas.  This home has been waiting for its new buyers to slowly make it their own!
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$283
Property Type
House
Property Taxes
$369
HOA Dues
-
Year Built
1966

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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 #71715070)

Price History

Date / Event Date Event Price
Aug 27, 2014 Sold
Premium
Sold
Jul 16, 2014 Listed by RE/MAX Leading Edge $339,900
Listed by RE/MAX Leading Edge

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1980
  • 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: 576
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,544
  • Total Building Area: 1,200
  • Gross Building Area: 1,936
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000219
  • 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: S20

Geography

  • Account Number: 930000000
  • Parcel: READ M:023.0-0000-0160.0
  • Municipality: READING
  • Latitude: 42.5286
  • Longitude: -71.0857

    Address

  • Full Address: 41 Canterbury Dr
  • Address - House Number: 41
  • Address - Street Name: Canterbury
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Reading
  • Carrier Code: C024
  • 4-Digit Zip Code: 1914
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $623,700

    Appraisal Valuation

  • Standard Deviation: 0.2422
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 66
  • Final Value: 649,181
  • High Value: 806,445
  • Low Value: 491,917

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $532,200
  • Assessed Land Value: $320,700
  • Assessed Improvements Value: $211,500

    Sales

  • Current Sale Recording Date: Aug 27, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 129295
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

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2129 ft²

Average Home Age

56.3 years

Currently For Sale

40 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

$3,120 /mo

  • 1 Bed
  • 1 Bath
  • 843 ft²
200 Quannapowitt Parkway #A5aP, 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# 71715070

Frequently Asked Questions

When was property at 41 Canterbury Drive built and last sold?
The property at 41 Canterbury Drive was built in 1966 and last sold on Jan 1, 1970 for $345,000.
How much is this home worth?
The estimated value of the home located at 41 Canterbury Drive is $356,670.
What are some comparable homes to 41 Canterbury Drive?
There are currently no comparable homes to 41 Canterbury Drive.
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