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Wilmington 01887
5 Reading Ave
$324,000
● House - Off Market

5 Reading Ave

Wilmington, MA 01887
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,050 Ft²
$672,156
RealtyHop Estimate
103.68%
Since Jul 1, 2012
MA-Boston
Primary Model

About This Property

Well maintained split level on dead end. Central air on 1st floor. Oversize master bedroom with access to full bath. Cathedral ceilings in living room, kitchen, dining room. Sliders from dining room to deck. Lower level features family room with fireplace, 3rd bedroom, 3/4 bath, laundry and utility/work area. Spacious level fenced in yard with shed. New furnace 2/12, new roof 8/08, New Pro windows 1st floor 2/10 with transferable warranty, new drive way 10/11.
Unit Size
2,050 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$161
Property Type
House
Property Taxes
$312
HOA Dues
-
Year Built
1988

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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: 6 months ago (MLSPIN #71353708)

Price History

Date / Event Date Event Price
Jun 29, 2012 Sold
Premium
Sold
Mar 19, 2012 Listed by Century 21 N. Shore RE $330,000
Listed by Century 21 N. Shore RE
Dec 20, 1996 Sold
Premium
Sold
Nov 6, 1996 Listed by Century 21 N. Shore RE $183,900
Listed by Century 21 N. Shore RE

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,100
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 1,138
  • Gross Building Area: 2,358
  • Building Area: 1,138
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,138
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 6036-E SHEET 02
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wilmington School District
  • School Tax School District: WILMINGTON SD
  • Census Tract: 331200

Geography

  • Parcel: WILM M:0055 L:0000 P:0051A
  • Municipality: WILMINGTON
  • Latitude: 42.5692
  • Longitude: -71.1837

    Address

  • Full Address: 5 Reading Ave
  • Address - House Number: 5
  • Address - Street Name: Reading
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wilmington
  • Carrier Code: C005
  • 4-Digit Zip Code: 1738
  • Zip Code: 01887

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $673,300

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 674,866
  • High Value: 799,815
  • Low Value: 549,917

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $563,900
  • Assessed Land Value: $246,400
  • Assessed Improvements Value: $317,500

    Sales

  • Current Sale Recording Date: Jun 29, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000026
  • Previous Sale Recording Date: Dec 20, 1996
  • Previous Sale Amount: $177,000
  • 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 Wilmington

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$427

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1900 ft²

Average Home Age

46 years

Currently For Sale

41 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71353708

Frequently Asked Questions

When was property at 5 Reading Avenue built and last sold?
The property at 5 Reading Avenue was built in 1988 and last sold on Jan 1, 1970 for $324,000.
How much is this home worth?
The estimated value of the home located at 5 Reading Avenue is $359,805.
What are some comparable homes to 5 Reading Avenue?
There are currently no comparable homes to 5 Reading Avenue.
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