$550,000
●
Condo -
Off Market
508 Gazebo Cir #508
Reading, MA 01867
2 Beds
3 Baths,
1
Half Bath
1,168 Ft²
$3,588
Est. Monthly
$426
HOA / Fees
4.16%
Cap Rate
About This Property
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!
Unit Size
1,168 Ft²
Days on Market
-
Land Size
-
Price per sqft
$467
Property Type
Condo
Property Taxes
$485
HOA Dues
$426
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: 2 years ago (MLSPIN #73300304)
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. | |||
| 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
Garage
Parking Available
Air Conditioning
Fireplace
Interior Details
Level: First
Width: 11
Length: 13
Area: 143
Level: Second
Area: 56
Width: 7
Length: 8
Area: 12
Length: 6
Level: First
Width: 2
Level: Second
Width: 10
Length: 11
Area: 110
Width: 10
Length: 11
Level: First
Area: 110
Length: 17
Level: First
Area: 204
Width: 12
Width: 6
Level: Second
Area: 42
Length: 7
Level: Second
Length: 22
Width: 11
Area: 242
Half Bathrooms: 1
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Other
Flooring Type: Tile, Vinyl, Carpet
Laundry Features: First Floor, In Unit
Rooms: 5
Has Fireplace
Fireplaces: 1
Basement: N
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener, Storage, Deeded, Off Street
Garage Spaces: 1
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Structure Type: Townhouse
Other Structures: Gazebo
Stories (Total): 2
Building Area Units: Square Feet
Construction Materials: Frame
Lead Paint: None
Lot Size Units: Acres
Parcel Number: M:008.007580087.0, 730706
Water Source: Public
Financial Details
Tax Assessed Value: $496,900
Tax Annual Amount: $5,824
Utilities Details
Utilities: for Electric Range
Cooling Type: Central Air
Heating Type: Hydro Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash
Association Fee Frequency: Monthly
HOA Fee: $426
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Highway Access, House of Worship, Public School
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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