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Reading 01867
6 Lakeview Avenue
$685,000
● House - Off Market

6 Lakeview Avenue

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,163 Ft²
$747,832
RealtyHop Estimate
6.85%
Since Mar 1, 2022
MA-Boston
Primary Model

About This Property

Beautiful Cape is a Commuter's Dream! This home offers an Absolutely Gorgeous New Kitchen with Granite Counters, Center Island, Stainless Appliances, Cathedral Ceiling, and Skylight with an abundance of natural light. First Level offers a Living Room with Fireplace and Hardwood Floors, One Bedroom, a Bonus Office/Den/Playroom and Updated Full Bath. Second level offers Two generous size Bedrooms and an Updated Full Bath. Basement is partially finished with access to the Backyard and Screened-in Porch. The Large Level Fenced-in Yard offers a New Pool, Oversized Newer Deck, Stunning New Stone Fire Pit with Patio making it perfect for lots of outdoor fun!  Minutes from major routes, commuter rail, and Reading's downtown. Nothing to do but move in!
Unit Size
2,163 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$324
Property Type
House
Property Taxes
$583
HOA Dues
-
Year Built
1969

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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 #72928306)

Price History

Date / Event Date Event Price
Feb 25, 2022 Sold
Premium
Sold
Dec 16, 2021 Listed by Premier Realty Group, Inc. $699,900
Listed by Premier Realty Group, Inc.
Nov 24, 2010 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,650
  • Total Building Area: 2,163
  • Gross Building Area: 2,968
  • Building Area: 2,163
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,163
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000244
  • 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: 670000000
  • Parcel: READ M:017.0-0000-0244.0
  • Municipality: READING
  • Latitude: 42.5214
  • Longitude: -71.0953

    Address

  • Full Address: 6 Lakeview Ave
  • Address - House Number: 6
  • Address - Street Name: Lakeview
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Reading
  • Carrier Code: C029
  • 4-Digit Zip Code: 3227
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $811,000

    Appraisal Valuation

  • Standard Deviation: 0.1801
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 782,150
  • High Value: 923,030
  • Low Value: 641,271

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $692,000
  • Assessed Land Value: $393,200
  • Assessed Improvements Value: $298,800

    Sales

  • Current Sale Contract Date: Feb 25, 2022
  • Current Sale Recording Date: Feb 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 29981
  • Previous Sale Recording Date: Nov 24, 2010
  • Previous Sale Amount: $315,000
  • 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

$456

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2135 ft²

Average Home Age

57.1 years

Currently For Sale

35 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

$4,675 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1B, 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# 72928306

Frequently Asked Questions

When was property at 6 Lakeview Avenue built and last sold?
The property at 6 Lakeview Avenue was built in 1969 and last sold on Feb 25, 2022 for $685,000.
How much is this home worth?
The estimated value of the home located at 6 Lakeview Avenue is $726,881.
What are some comparable homes to 6 Lakeview Avenue?
There are currently no comparable homes to 6 Lakeview Avenue.
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