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Reading 01867
48 Winthrop Ave
$599,500
● House - Off Market

48 Winthrop Ave

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,737 Ft²
$818,710
RealtyHop Estimate
42.41%
Since Nov 1, 2019
MA-Boston
Primary Model

About This Property

Charming English Cape with beautifully restored natural woodwork.  A very warm and inviting home with great flow located in the heart of the highly sought after Birch Meadow neighborhood. Updates over the last 8 years include the roof, Lockinvar Knight gas furnace, most windows, both bathrooms, kitchen, plumbing and much more.  Other amenities include a very spacious eat-in kitchen with gas stove and the living room has a Vermont Castings wood burning stove.  It is a short distance to the elementary, middle and high schools.  Many neighbors walk to the train station.  The YMCA, athletic fields and tennis courts are also close by.  Easy access to 93 and 95.  A really great place to live and call home!  Commuter open house Thursday 8/15 from 5:30-7.  Open houses Saturday 8/17 11-12:30 and Sunday 8/18 from 1-2:30.
Unit Size
1,737 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$331
Property Type
House
Property Taxes
$639
HOA Dues
-
Year Built
1930

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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 #72549366)

Price History

Date / Event Date Event Price
Oct 30, 2019 Sold
Premium
Sold
Aug 14, 2019 Listed by Leading Edge Real Estate $574,900
Listed by Leading Edge Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 7
  • Basement Area: 655
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,932
  • Total Building Area: 1,737
  • Gross Building Area: 2,299
  • Building Area: 1,737
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,737
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000228
  • 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: 1010000000
  • Parcel: READ M:027.0-0000-0072.0
  • Municipality: READING
  • Latitude: 42.531
  • Longitude: -71.1117

    Address

  • Full Address: 48 Winthrop Ave
  • Address - House Number: 48
  • Address - Street Name: Winthrop
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Reading
  • Carrier Code: C034
  • 4-Digit Zip Code: 2058
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $832,100

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 803,679
  • High Value: 944,607
  • Low Value: 662,752

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $710,000
  • Assessed Land Value: $462,700
  • Assessed Improvements Value: $247,300

    Sales

  • Current Sale Contract Date: Oct 15, 2019
  • Current Sale Recording Date: Oct 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 168305
  • Previous Sale Recording Date: Oct 30, 2012
  • 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

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, 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# 72549366

Frequently Asked Questions

When was property at 48 Winthrop Avenue built and last sold?
The property at 48 Winthrop Avenue was built in 1930 and last sold on Oct 15, 2019 for $599,500.
How much is this home worth?
The estimated value of the home located at 48 Winthrop Avenue is $598,424.
What are some comparable homes to 48 Winthrop Avenue?
There are currently no comparable homes to 48 Winthrop Avenue.
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