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Reading 01867
41 Colburn Road
Photo of 41 Colburn Road
Sold on Aug 22, 2008

1

Map

$385,000
● House - Off Market

41 Colburn Road

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,232 Ft²
$775,416
RealtyHop Estimate
98.88%
Since Sep 1, 2008
MA-Boston
Primary Model

About This Property

A winning combination of price, condition and location, this very well-maintained 3 bedroom, 2 bath home is nestled in a great Birchmeadow neighborhood near the YMCA and schools.  Features include a beautiful sun room addition built in 1992 with cathedral ceilings and a private view beyond.  Partially finished LL includes a family room w/fireplace, newer full BA & walk-out access to the backyard and in-ground pool.  Roof replaced 2006, new pool liner 2007, updated electrical and heating system.
Unit Size
1,232 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$316
Property Type
House
Property Taxes
$397
HOA Dues
-
Year Built
1969

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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 #70752900)

Price History

Date / Event Date Event Price
Aug 22, 2008 Sold
Premium
Sold
Apr 30, 2008 Listed $389,900
Listed

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,032
  • Garage Type: 0
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 6,251
  • Total Building Area: 1,438
  • Gross Building Area: 2,318
  • Building Area: 1,438
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,438
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000144
  • 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: 1540000000
  • Parcel: READ M:039.0-0000-0053.0
  • Municipality: READING
  • Latitude: 42.5414
  • Longitude: -71.1144

    Address

  • Full Address: 41 Colburn Rd
  • Address - House Number: 41
  • Address - Street Name: Colburn
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C013
  • 4-Digit Zip Code: 1408
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $821,700

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 763,625
  • High Value: 897,672
  • Low Value: 629,578

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $701,100
  • Assessed Land Value: $449,400
  • Assessed Improvements Value: $251,700

    Sales

  • Current Sale Recording Date: Aug 22, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00139867
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:

$865,000

Sale Price/ft²

$456

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2135 ft²

Average Home Age

57.1 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# 70752900

Frequently Asked Questions

When was property at 41 Colburn Road built and last sold?
The property at 41 Colburn Road was built in 1969 and last sold on Jan 1, 1970 for $385,000.
How much is this home worth?
The estimated value of the home located at 41 Colburn Road is $405,434.
What are some comparable homes to 41 Colburn Road?
There are currently no comparable homes to 41 Colburn Road.
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