$310,000
●
Condo -
Off Market
508 Gazebo Circle #508
Reading, MA 01867
2 Beds
3 Baths,
1
Half Bath
1,168 Ft²
$635,898
RealtyHop Estimate
101.94%
Since Jan 1, 2004
MA-Boston
Primary Model
About This Property
SUNNY AND BRIGHT TWN HSE WITH NICE SPACE. FRESHLY PAINTED. CT FULL
BATHS, CORNER GAS FIREPLACE WITH CUSTOM BEVELED MIRROR. TWO
BALCONIES OVERLOOKING TREED YARD. CONDO FEE 218 WASH & DRY.INCLUD.
SM PETS OK. SUBJECT TO TAX & ASSESS. INC.
Unit Size
1,168 Ft²
Days on Market
-
Land Size
-
Price per sqft
$270
Property Type
Condo
Property Taxes
$281
HOA Dues
$218
Year Built
-
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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 years ago (MLSPIN #30777544)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 22, 2024 | Sold | ||
| Sold | |||
| Oct 18, 2024 | In contract | - | |
| In contract | |||
| Oct 9, 2024 | Listed by Redfin Corp. | $545,000 | |
| Listed by Redfin Corp. | |||
| | |||
|
Welcome to this beautiful two-level townhouse in the desirable Summit Village at 508 Gazebo Circle, Reading, MA. The home offers an open floor plan with new LVP flooring on the first level, a cozy gas fireplace, and convenient first-floor laundry. With 2.5 baths and 2 large bedrooms, including a primary suite with double closets and a private bath, this home has everything you need. Two balconies provide peaceful views of the backyard. There's plenty of storage, including a large attic, and parking for two vehicles (one garage, one assigned driveway). Recent updates include a new HVAC system, stainless steel appliances, and new flooring in 2020/2021. Conveniently located near shopping, dining, commuter rail, and highways (Rts 95, 128, and 93). Pets welcome, including cats and small dogs under 30 lbs. This home is ready to move in and enjoy! Open houses this weekend!
| |||
| Jul 29, 2020 | Sold | ||
| Sold | |||
| May 17, 2020 | Listed by eXp Realty | $395,000 | |
| Listed by eXp Realty | |||
| | |||
|
Beautiful 2 level townhouse in the desirable Summit Village. Unit boasts a great open floor plan, HW flooring throughout 1st fl, gas fireplace, 1st fl laundry, 2.5 baths, lg bedrooms, garage, lots of closet space, substantial attic storage w/partial plywood flooring. Master suite has double closets and master bath. Unit has 2 balconies overlooking quiet & peaceful backyard. Parking for 2 vehicles (1 garage & 1 assigned driveway). New refrigerator, washer and dryer, water heater only 3 years old. This perfect location is close to shopping, dining, commuter rail & major highways (Rts 95, 128, 93). Pets are allowed, cats and small dogs under 30 lbs. BOM — no fault of the seller, buyer backed out for personal reasons.
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Property Highlights
Air Conditioning
Garage
Parking Available
Fireplace
Interior Details
Level: Second
Level: Third
Features: Bathroom - Full
Level: Third
Features: Flooring - Wall to Wall Carpet
Width: 10
Length: 11
Area: 110
Width: 10
Features: Flooring - Wall to Wall Carpet
Length: 11
Level: Second
Area: 110
Features: Bathroom - Half
Level: Second
Length: 16
Level: Second
Area: 192
Features: Flooring - Wall to Wall Carpet, Balcony / Deck
Width: 12
Features: Bathroom - Full, Flooring - Wall to Wall Carpet, Balcony / Deck
Level: Third
Length: 16
Width: 12
Area: 192
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Washer, Dryer, Gas Water Heater, Tank Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Flooring Type: Tile, Carpet
Laundry Features: Bathroom - Full, Third Floor, Washer Hookup
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener, Deeded, Off Street
Garage Spaces: 1
Exterior Details
Entry Level: 2
Year Built Source: Owner
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Summit Village
Structure Type: Townhouse
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: None
Lot Size Units: Acres
Zoning: RES
Parcel Number: 730706
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Map Number: 13.A
Tax Assessed Value: $252,600
Tax Annual Amount: $3,371
Utilities Details
Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash
HOA Fee: $218
Community Features: Public Transportation, Shopping
Complex is Completed
Management: Professional - Off Site
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/09/2024
|
2 Bed
|
3 Bath
|
1168 ft²
|
$545,000
2 Bed
3 Bath
1168 ft²
|
$550,000
+0.92%
11/22/2024
|
Patricia Nunez
Redfin Corp.
| |
|
05/17/2020
|
2 Bed
|
3 Bath
|
1168 ft²
|
$395,000
2 Bed
3 Bath
1168 ft²
|
$385,000
-2.53%
07/29/2020
|
Bhamin Chhatrapati
Better Living Real Estate, LLC
| |
|
03/31/2013
|
2 Bed
|
3 Bath
|
1168 ft²
|
$315,000
2 Bed
3 Bath
1168 ft²
|
$305,000
-3.17%
06/28/2013
|
Joseph DiMatteo
Century 21 North East
| |
|
07/28/2006
|
2 Bed
|
3 Bath
|
1168 ft²
|
$357,000
2 Bed
3 Bath
1168 ft²
|
$342,000
-4.20%
11/30/2006
|
Richard Winn
The Delamere Flynn Group, LLC
| |
|
10/05/2003
|
2 Bed
|
3 Bath
|
1168 ft²
|
$314,900
2 Bed
3 Bath
1168 ft²
|
$310,000
-1.56%
12/30/2003
|
Patricia DeWolfe
Leading Edge Real Estate
| |
|
11/30/1998
|
2 Bed
|
3 Bath
|
1168 ft²
|
$205,000
2 Bed
3 Bath
1168 ft²
|
$200,000
-2.44%
02/24/1999
|
Patricia DeWolfe
Leading Edge Real Estate
|
Building Info
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