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Reading 01867
483 Summer Avenue
$232,000
● House - Off Market

483 Summer Avenue

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,205 Ft²
$986,242
RealtyHop Estimate
332.75%
Since Aug 1, 1996
MA-Boston
Primary Model

About This Property

CONTINGENT ON SELLERS FINDING SUITABLE HOME. FEATURED IN 1995 READING HOUSE TOUR.  LOVELY PERENNIAL GARDENS AND STONE WALL.  SHOWINGS START SUNDAY AT 1.P.M. AT SELLERS REQUEST
Unit Size
1,205 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$189
Property Type
House
Property Taxes
$240
HOA Dues
-
Year Built
1817

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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 years ago (MLSPIN #30101575)

Price History

Date / Event Date Event Price
Jul 18, 1996 Sold
Premium
Sold
Apr 24, 1996 Listed by Carlson GMAC Real Estate $227,900
Listed by Carlson GMAC Real Estate

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1817
  • Effective Year Built: 1965
  • 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: 2
  • Basement Area: 1,198
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,717
  • Total Building Area: 1,779
  • Gross Building Area: 3,357
  • Building Area: 1,779
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,779
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000315
  • 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: 334100

Zoning

  • Zoning: S15

Geography

  • Account Number: 120000000
  • Parcel: READ M:007.0-0000-0112.0
  • Municipality: READING
  • Latitude: 42.5107
  • Longitude: -71.1052

    Address

  • Full Address: 483 Summer Ave
  • Address - House Number: 483
  • Address - Street Name: Summer
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Reading
  • Carrier Code: C011
  • 4-Digit Zip Code: 3805
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $884,900

    Appraisal Valuation

  • Standard Deviation: 0.214
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 842,518
  • High Value: 1,022,869
  • Low Value: 662,168

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $755,000
  • Assessed Land Value: $476,400
  • Assessed Improvements Value: $278,600

    Sales

  • Current Sale Recording Date: Aug 21, 2018
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 128410
  • Previous Sale Recording Date: Jul 18, 1996
  • Previous Sale Amount: $232,000
  • 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:

$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

$4,525 /mo

  • 3 Beds
  • 2 Baths
  • 1,323 ft²
200 Quannapowitt Parkway #C1B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30101575

Frequently Asked Questions

When was property at 483 Summer Avenue built and last sold?
The property at 483 Summer Avenue was built in 1817 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 483 Summer Avenue is $0.
What are some comparable homes to 483 Summer Avenue?
There are currently no comparable homes to 483 Summer Avenue.
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