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Reading 01867
47 Line Road
$510,000
● House - Off Market

47 Line Road

Reading, MA 01867
bedrooms
2 Beds
bathrooms
1 Bath
square feet
969 Ft²
$578,962
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

Must See! Modern updated Bungalow style home in a quiet residential neighborhood. This freshly painted 2 bedroom, 1 bath, plus a bonus flex-space room, features a sunny open floor plan with all new kitchen cabinets and bathroom vanity, quartz counters, stainless appliances, mosaic marble back splash, engineered wood plank flooring, washer dryer unit and recessed lighting throughout. It has newer vinyl windows, a covered front porch, a side deck and a large flat fenced in back yard-perfect for entertaining, gardening , pets. Easy highway access, within walking distance to Lake Quannapowitt and just over one mile to Downtown Reading and two miles to Downtown Wakefield.
Unit Size
969 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$557
Property Type
House
Property Taxes
$427
HOA Dues
-
Year Built
1920

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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 #73035110)

Price History

Date / Event Date Event Price
Nov 10, 2022 Sold
Premium
Sold
Oct 15, 2022 In contract -
In contract
Sep 28, 2022 Price Decreased $539,900
↓ $35K (6.1%)
Price Decreased
Sep 27, 2022 Price Increased $575,000
↑ $35K (6.5%)
Price Increased
Sep 11, 2022 Listed by www.HomeZu.com $539,900
Listed by www.HomeZu.com
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 26
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 540
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 6,247
  • Total Building Area: 969
  • Gross Building Area: 1,785
  • Building Area: 969
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 969
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000143
  • 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: 790000000
  • Parcel: READ M:023.0-0000-0034.0
  • Municipality: READING
  • Latitude: 42.5234
  • Longitude: -71.0857

    Address

  • Full Address: 47 Line Rd
  • Address - House Number: 47
  • Address - Street Name: Line
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C002
  • 4-Digit Zip Code: 2769
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $544,700

    Appraisal Valuation

  • Standard Deviation: 0.1836
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 531,648
  • High Value: 629,301
  • Low Value: 433,994

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $464,800
  • Assessed Land Value: $346,100
  • Assessed Improvements Value: $118,700

    Sales

  • Current Sale Contract Date: Nov 10, 2022
  • Current Sale Recording Date: Nov 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 166763
  • Previous Sale Recording Date: Apr 19, 2022
  • Previous Sale Contract Date: Apr 19, 2022
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: O
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

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2107 ft²

Average Home Age

60.3 years

Currently For Sale

42 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# 73035110

Frequently Asked Questions

When was property at 47 Line Road built and last sold?
The property at 47 Line Road was built in 1920 and last sold on Nov 10, 2022 for $510,000.
How much is this home worth?
The estimated value of the home located at 47 Line Road is $540,892.
What are some comparable homes to 47 Line Road?
There are currently no comparable homes to 47 Line Road.
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