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Reading 01867
5 Timberneck Drive
Photo of 5 Timberneck Drive
Sold on Feb 28, 2006

1

Map

$395,000
● House - Off Market

5 Timberneck Drive

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,375 Ft²
$721,205
RealtyHop Estimate
80.75%
Since Mar 1, 2006
MA-Boston
Primary Model

About This Property

One owner, L shaped ranch on large flat lot.  This three bedroom ranch has a lot of potential to go up or out! Newer Kitchen and bath Freshly painted and floors sanded.  finished basement.  Great closet space.   Just move in .
Unit Size
1,375 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$290
Property Type
House
Property Taxes
$364
HOA Dues
-
Year Built
1959

Payment Calculator

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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 #70257015)

Price History

Date / Event Date Event Price
Feb 28, 2006 Sold
Premium
Sold
Sep 10, 2005 Listed $399,000
Listed

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,375
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,912
  • Total Building Area: 1,856
  • Gross Building Area: 2,821
  • Building Area: 1,856
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,856
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000365
  • 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: 334400

Zoning

  • Zoning: S20

Geography

  • Account Number: 1460000000
  • Parcel: READ M:035.0-0000-0071.0
  • Municipality: READING
  • Latitude: 42.5354
  • Longitude: -71.0859

    Address

  • Full Address: 5 Timberneck Dr
  • Address - House Number: 5
  • Address - Street Name: Timberneck
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Reading
  • Carrier Code: C016
  • 4-Digit Zip Code: 1844
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $888,700

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 782,137
  • High Value: 919,287
  • Low Value: 644,987

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $758,300
  • Assessed Land Value: $484,400
  • Assessed Improvements Value: $273,900

    Sales

  • Current Sale Recording Date: Feb 28, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00035164
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

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2107 ft²

Average Home Age

60.3 years

Currently For Sale

42 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

$3,455 /mo

  • 2 Beds
  • 2 Baths
  • 1,070 ft²
200 Quannapowitt Parkway #B1aP, 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# 70257015

Frequently Asked Questions

When was property at 5 Timberneck Drive built and last sold?
The property at 5 Timberneck Drive was built in 1959 and last sold on Jan 1, 1970 for $395,000.
How much is this home worth?
The estimated value of the home located at 5 Timberneck Drive is $417,017.
What are some comparable homes to 5 Timberneck Drive?
There are currently no comparable homes to 5 Timberneck Drive.
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