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Reading 01867
53 Causeway Rd
$505,000
● House - Off Market

53 Causeway Rd

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,294 Ft²
$519,468
RealtyHop Estimate
3.91%
Since Apr 1, 2022
MA-Boston
Primary Model

About This Property

Light and bright on a deadend street, private, yet so close to the highway. Hardwood floors throughout most of the home with a sun filled kitchen that could easily house the laundry to make this completely ONE FLOOR LIVING!  Recently renovated bathroom and oversized deck to great sized backyard.
Unit Size
1,294 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$386
Property Type
House
Property Taxes
$552
HOA Dues
-
Year Built
1926

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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 #72941173)

Price History

Date / Event Date Event Price
Mar 30, 2022 Sold
Premium
Sold
Feb 9, 2022 Listed by Jill & Co. Realty Group $499,900
Listed by Jill & Co. Realty Group
Jan 30, 2017 Sold
Premium
Sold
Nov 9, 2016 Listed by Jill & Co. Realty Group $400,000
Listed by Jill & Co. Realty Group
Jun 29, 2012 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 7
  • Basement Area: 954
  • Garage Type: 0
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,640
  • Total Building Area: 1,294
  • Gross Building Area: 2,795
  • Building Area: 1,294
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,294
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000749
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Maynard School District
  • School Tax School District: READING SD
  • Census Tract: 334200

Zoning

  • Zoning: S20

Geography

  • Account Number: 1100000000
  • Parcel: READ M:025.0-0000-0051.0
  • Municipality: READING
  • Latitude: 42.5338
  • Longitude: -71.1309

    Address

  • Full Address: 53 Causeway Rd
  • Address - House Number: 53
  • Address - Street Name: Causeway
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C008
  • 4-Digit Zip Code: 1515
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $672,500

    Appraisal Valuation

  • Standard Deviation: 0.1857
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 643,923
  • High Value: 763,508
  • Low Value: 524,338

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $573,800
  • Assessed Land Value: $422,200
  • Assessed Improvements Value: $151,600

    Sales

  • Current Sale Contract Date: Mar 30, 2022
  • Current Sale Recording Date: Mar 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 47760
  • Previous Sale Recording Date: Jan 30, 2017
  • Previous Sale Amount: $395,000
  • Previous Sale Document Type: O
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

2129 ft²

Average Home Age

56.3 years

Currently For Sale

40 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# 72941173

Frequently Asked Questions

When was property at 53 Causeway Road built and last sold?
The property at 53 Causeway Road was built in 1926 and last sold on Mar 30, 2022 for $505,000.
How much is this home worth?
The estimated value of the home located at 53 Causeway Road is $503,630.
What are some comparable homes to 53 Causeway Road?
There are currently no comparable homes to 53 Causeway Road.
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