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Reading 01867
55 Putnam Rd
$437,700
● House - Off Market

55 Putnam Rd

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,526 Ft²
$780,230
RealtyHop Estimate
81.49%
Since Sep 1, 2014
MA-Boston
Primary Model

About This Property

Come tour this warm and inviting home in the desirable community of Reading.  This home offers 3 bedrooms, 1.5 baths, fireplaced family room and spacious living room.  Owners have done many updates meticulously during their 10 years of ownership.  Starting with gas conversion in 2005 that includes a Burnham high efficiency boiler and an Amtrol indirect water heater.  The roof was replaced in 2006 with Certainteed 30 year shingles and a complete full bath remodel in 2008.  Renovated the sunroom in 2013 to a four season room that overlooks a new composite deck with outdoor speakers.  Upgraded to 200 Amp electrical service.  Repointed Chimney and installed cap as well.  Showings to begin at OH on Sunday June 8th from 11:30-1:00.  All offers are due on Monday June 9th no later than 6:00 pm.
Unit Size
1,526 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$282
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
1959

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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 #71678726)

Price History

Date / Event Date Event Price
Aug 8, 2014 Sold
Premium
Sold
May 10, 2014 Listed by Coldwell Banker Residential Brokerage - Lynnfield $429,900
Listed by Coldwell Banker Residential Brokerage - Lynnfield
May 3, 2004 Sold
Premium
Sold
Dec 30, 2003 Listed by Coldwell Banker Residential Brokerage - Lynnfield $399,900
Listed by Coldwell Banker Residential Brokerage - Lynnfield

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1970
  • 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: 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: 1,092
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,085
  • Total Building Area: 1,597
  • Gross Building Area: 2,530
  • Building Area: 1,597
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,597
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000346
  • 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: S15

Geography

  • Account Number: 1410000000
  • Parcel: READ M:034.0-0000-0094.0
  • Municipality: READING
  • Latitude: 42.5373
  • Longitude: -71.1013

    Address

  • Full Address: 55 Putnam Rd
  • Address - House Number: 55
  • Address - Street Name: Putnam
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C015
  • 4-Digit Zip Code: 1742
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $913,700

    Appraisal Valuation

  • Standard Deviation: 0.2175
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 781,994
  • High Value: 952,139
  • Low Value: 611,849

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $779,600
  • Assessed Land Value: $481,400
  • Assessed Improvements Value: $298,200

    Sales

  • Current Sale Recording Date: Aug 08, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 118020
  • Previous Sale Recording Date: May 03, 2004
  • Previous Sale Amount: $395,000
  • Previous Sale Document Type: 27
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

$3,120 /mo

  • 1 Bed
  • 1 Bath
  • 843 ft²
200 Quannapowitt Parkway #A5aP, 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# 71678726

Frequently Asked Questions

When was property at 55 Putnam Road built and last sold?
The property at 55 Putnam Road was built in 1959 and last sold on Jan 1, 1970 for $437,700.
How much is this home worth?
The estimated value of the home located at 55 Putnam Road is $450,162.
What are some comparable homes to 55 Putnam Road?
There are currently no comparable homes to 55 Putnam Road.
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