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Reading 01867
5 Old Mill Ln
$860,000
● House - Off Market

5 Old Mill Ln

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,457 Ft²
$5,370
Est. Monthly
$150
HOA / Fees

About This Property

Welcome to Old Mill Village.  Come see this beautiful Colonial style home located on a private cul-de-sac nestled in this small community.   This colonial has 7 rooms, 4 bedrooms, and 2.5 baths.  Great open floor plan featuring dining room with french doors and hardwood floors.  Open kitchen area with island and slider overlooking the wooded private back yard.  Large primary bedroom with walk in closet and full bathroom.  Flexible bonus room in the basement can be either family room, gym  area, or office.  This home is conveniently located within minutes to route 93 for easy highway access.
Unit Size
2,457 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$366
Property Type
House
Property Taxes
$801
HOA Dues
$150
Year Built
1998

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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 #73183012)

Price History

Date / Event Date Event Price
Feb 14, 2024 Sold
Premium
Sold
Dec 27, 2023 In contract -
In contract
Dec 16, 2023 Relisted $599,900
Relisted
Dec 5, 2023 In contract -
In contract
Nov 27, 2023 Listed by LAER Realty Partners $899,900
Listed by LAER Realty Partners
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Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,004
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,079
  • Total Building Area: 2,247
  • Gross Building Area: 3,198
  • Building Area: 2,247
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,247
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: POWDERHOUSE SQUARE
  • Land Acres: 0000000117
  • 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: PRD

Geography

  • Account Number: 2360000000
  • District: 246
  • Parcel: READ M:056.0-0000-0082.0
  • Municipality: READING
  • Latitude: 42.5589
  • Longitude: -71.1092

    Address

  • Full Address: 5 Old Mill Ln
  • Address - House Number: 5
  • Address - Street Name: Old Mill
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Reading
  • Carrier Code: C012
  • 4-Digit Zip Code: 1085
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $992,900

    Appraisal Valuation

  • Standard Deviation: 0.0773
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 94
  • Final Value: 911,164
  • High Value: 981,680
  • Low Value: 840,648

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $847,200
  • Assessed Land Value: $422,900
  • Assessed Improvements Value: $424,300

    Sales

  • Current Sale Contract Date: Feb 14, 2024
  • Current Sale Recording Date: Feb 14, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15105
  • Previous Sale Recording Date: May 18, 2015
  • Previous Sale Amount: $588,000
  • 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:

$849,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2197 ft²

Average Home Age

55.6 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73183012

Frequently Asked Questions

When was property at 5 Old Mill Lane built and last sold?
The property at 5 Old Mill Lane was built in 1998 and last sold on Feb 14, 2024 for $860,000.
How much is this home worth?
The estimated value of the home located at 5 Old Mill Lane is $905,326.
What are some comparable homes to 5 Old Mill Lane?
There are currently no comparable homes to 5 Old Mill Lane.
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