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Reading 01867
50 Collins Av
$640,000
● House - Off Market

50 Collins Av

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,611 Ft²
$1,010,027
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

ONE ACRE OF PRIVACY! This turn-key Multi Level home boasts granite kitchen with stainless steel appliances. Gleaming Brazilian Cherry hardwood floors in bedrooms, living room and hallway. Central air and oil hot water baseboard heating. Fire place in living room and wood burning stove in family room to keep you cozy in winter. Additional living space in dry basement. Fenced in yard with inground pool equipped with lights and heater. Double decks for great outdoor entertaining and family BBQ. 2 car attached oversized garage in addition to 4 car driveway.
Unit Size
1,611 Ft²
Days on Market
-
Land Size
1.04 acres
Price per sqft
$403
Property Type
House
Property Taxes
$689
HOA Dues
-
Year Built
1972

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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 #72172808)

Price History

Date / Event Date Event Price
Aug 14, 2017 Sold
Premium
Sold
May 31, 2017 Listed by Alliance Realty NE, LLC $649,900
Listed by Alliance Realty NE, LLC
Sep 30, 1998 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 1,202
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 45,302
  • Total Building Area: 1,642
  • Gross Building Area: 3,714
  • Building Area: 1,642
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,642
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001040
  • 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: 2230000000
  • Parcel: READ M:051.0-0000-0128.0
  • Municipality: READING
  • Latitude: 42.556
  • Longitude: -71.1092

    Address

  • Full Address: 50 Collins Ave
  • Address - House Number: 50
  • Address - Street Name: Collins
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Reading
  • Carrier Code: C018
  • 4-Digit Zip Code: 1017
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,040,700

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 955,009
  • High Value: 1,103,649
  • Low Value: 806,369

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $888,000
  • Assessed Land Value: $555,800
  • Assessed Improvements Value: $332,200

    Sales

  • Current Sale Contract Date: Jul 26, 2017
  • Current Sale Recording Date: Aug 14, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1767803
  • Previous Sale Recording Date: Sep 30, 1998
  • Previous Sale Amount: $329,000
  • 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:

$857,450

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2112 ft²

Average Home Age

58.9 years

Currently For Sale

43 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: 4 months ago
Data Source: MLS PIN, MLS# 72172808

Frequently Asked Questions

When was property at 50 Collins Avenue built and last sold?
The property at 50 Collins Avenue was built in 1972 and last sold on Jul 26, 2017 for $640,000.
How much is this home worth?
The estimated value of the home located at 50 Collins Avenue is $663,226.
What are some comparable homes to 50 Collins Avenue?
There are currently no comparable homes to 50 Collins Avenue.
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