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Reading 01867
41 Torre St
$629,000
● House - Off Market

41 Torre St

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,660 Ft²
$647,964
RealtyHop Estimate
3.01%
Since Apr 1, 2023
MA-Boston
Primary Model

About This Property

Don't miss this well cared for and maintained colonial in desirable Reading! Close to major highways, shopping and restaurants and a short distance to Lake Quannapowitt in neighboring Wakefield, yet also tucked in a quiet neighborhood so you can have the best of both worlds! You will enter into a large front living room that leads to an open kitchen/dining room with tons of space for entertaining! An additional sitting den with wood burning stove gives way to the deck in the quiet yard with an above ground pool for summer fun!  All the homes 3 bedrooms are on the second floor. Heating changed to gas 2018, kitchen redone 2010, driveway paved 2020, new tankless water heater 2018, windows have been replaced over the years as well. This home offers the opportunity to be in the middle of it all and feel miles away!
Unit Size
1,660 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$379
Property Type
House
Property Taxes
$582
HOA Dues
-
Year Built
1981

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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 #73068856)

Price History

Date / Event Date Event Price
Mar 2, 2023 Sold
Premium
Sold
Jan 21, 2023 In contract -
In contract
Jan 6, 2023 Listed by LAER Realty Partners $629,000
Listed by LAER Realty Partners

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 7
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 21,458
  • Total Building Area: 1,660
  • Gross Building Area: 1,740
  • Building Area: 1,660
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,660
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000493
  • 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: 790000001
  • Parcel: READ M:023.0-0000-0057.0
  • Municipality: READING
  • Latitude: 42.5249
  • Longitude: -71.0875

    Address

  • Full Address: 41 Torre St
  • Address - House Number: 41
  • Address - Street Name: Torre
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C002
  • 4-Digit Zip Code: 2721
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $729,000

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 708,430
  • High Value: 824,982
  • Low Value: 591,877

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $622,000
  • Assessed Land Value: $369,100
  • Assessed Improvements Value: $252,900

    Sales

  • Current Sale Contract Date: Mar 02, 2023
  • Current Sale Recording Date: Mar 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21390
  • Previous Sale Recording Date: Nov 14, 2014
  • 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

$3,855 /mo

  • 2 Beds
  • 2 Baths
  • 1,139 ft²
200 Quannapowitt Parkway #B1A-G2B, 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# 73068856

Frequently Asked Questions

When was property at 41 Torre Street built and last sold?
The property at 41 Torre Street was built in 1981 and last sold on Mar 2, 2023 for $629,000.
How much is this home worth?
The estimated value of the home located at 41 Torre Street is $645,836.
What are some comparable homes to 41 Torre Street?
There are currently no comparable homes to 41 Torre Street.
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