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Reading 01867
49 Terrace Park
$625,000
● House - Off Market

49 Terrace Park

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,281 Ft²
$1,182,232
RealtyHop Estimate
82.16%
Since Jan 1, 2015
MA-Boston
Primary Model

About This Property

Located at the end of a cul de sac within walking distance to Woods End elementary school, this custom built home has only had two owners. Spacious living room with a fire place, dining room and fire placed den over looking the large level back yard. Huge master bedroom with additional  space currently used as an office/ sitting area could be a nursery or master bathroom. Some of the unique features are mahogany siding and double front doors, many oversized windows, sliding doors, skylights, cathedral ceilings, hardwood and bamboo flooring,  Many updates include : Deck, Living room hard wood floors, Skylights (2) second floor interior painting 2014: stainless steel chimney liner & cap, Brick walkway 2013:  Bamboo flooring. 2009 : Roof 2006:  Heat 2000:
Unit Size
2,281 Ft²
Days on Market
-
Land Size
0.86 acres
Price per sqft
$285
Property Type
House
Property Taxes
$684
HOA Dues
-
Year Built
1980

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71758272)

Price History

Date / Event Date Event Price
Dec 5, 2014 Sold
Premium
Sold
Oct 17, 2014 Listed by Boardwalk Real Estate $649,000
Listed by Boardwalk Real Estate
Sep 16, 2009 Sold
Premium
Sold
Jun 5, 2009 Listed by Boardwalk Real Estate $499,900
Listed by Boardwalk Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 6
  • Basement Area: 440
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 37,401
  • Total Building Area: 2,281
  • Gross Building Area: 3,620
  • Building Area: 2,281
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,281
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000859
  • 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: S20

Geography

  • Account Number: 2080000000
  • Parcel: READ M:045.0-0000-0102.0
  • Municipality: READING
  • Latitude: 42.5508
  • Longitude: -71.1095

    Address

  • Full Address: 49 Terrace Park
  • Address - House Number: 49
  • Address - Street Name: Terrace
  • Address - Suffix Type: Park
  • State: MA
  • City Name: Reading
  • Carrier Code: C018
  • 4-Digit Zip Code: 1047
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,187,400

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 1,044,217
  • High Value: 1,206,742
  • Low Value: 881,692

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,013,100
  • Assessed Land Value: $626,100
  • Assessed Improvements Value: $387,000

    Sales

  • Current Sale Recording Date: Dec 05, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 187439
  • Previous Sale Recording Date: Sep 16, 2009
  • Previous Sale Amount: $475,000
  • Previous Sale Document Type: 48
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# 71758272

Frequently Asked Questions

When was property at 49 Terrace Park built and last sold?
The property at 49 Terrace Park was built in 1980 and last sold on Jan 1, 1970 for $625,000.
How much is this home worth?
The estimated value of the home located at 49 Terrace Park is $672,925.
What are some comparable homes to 49 Terrace Park?
There are currently no comparable homes to 49 Terrace Park.
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