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Reading 01867
49 Wescroft Road
$600,000
● House - Off Market

49 Wescroft Road

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,284 Ft²
$634,978
RealtyHop Estimate
6.01%
Since Mar 1, 2023
MA-Boston
Primary Model

About This Property

A Quintessential New England Cape located on the coveted West Side of Reading!  Close proximity to the shops, restaurants and the train. This well maintained home has been in the same family for 65 years, now it's time for a new family to enjoy and create memories.  Filled with loads of charm, this home features; hardwood floors, home office, a first floor bedroom, fire-placed living room, and the built in corner cabinet and chair rail are perfect compliments to the dining room. Upstairs features 2 additional bedrooms and the basement has loads of space to create additional living space and storage. The large backyard is a great space to relax and enjoy. IMPROVEMENTS:Hot water tank 2010, Oil Tank 2016, Furnace 2017.
Unit Size
1,284 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$467
Property Type
House
Property Taxes
$634
HOA Dues
-
Year Built
1941

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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 #73068789)

Price History

Date / Event Date Event Price
Feb 28, 2023 Sold
Premium
Sold
Jan 12, 2023 In contract -
In contract
Jan 6, 2023 Listed by William Raveis R.E. & Home Services $599,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1965
  • 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: 4
  • 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: 876
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,002
  • Total Building Area: 1,284
  • Gross Building Area: 2,528
  • Building Area: 1,284
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,284
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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: 370000000
  • Parcel: READ M:010.0-0000-0262.0
  • Municipality: READING
  • Latitude: 42.517
  • Longitude: -71.1227

    Address

  • Full Address: 49 Wescroft Rd
  • Address - House Number: 49
  • Address - Street Name: Wescroft
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C026
  • 4-Digit Zip Code: 3366
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $814,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 708,133
  • High Value: 832,442
  • Low Value: 583,825

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $695,300
  • Assessed Land Value: $455,700
  • Assessed Improvements Value: $239,600

    Sales

  • Current Sale Contract Date: Feb 28, 2023
  • Current Sale Recording Date: Feb 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20094
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73068789

Frequently Asked Questions

When was property at 49 Wescroft Road built and last sold?
The property at 49 Wescroft Road was built in 1941 and last sold on Feb 28, 2023 for $600,000.
How much is this home worth?
The estimated value of the home located at 49 Wescroft Road is $608,655.
What are some comparable homes to 49 Wescroft Road?
There are currently no comparable homes to 49 Wescroft Road.
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