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Reading 01867
6 Oakland Road
$720,000
● House - Off Market

6 Oakland Road

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,488 Ft²
$4,312
Est. Monthly

About This Property

This 7 Room Colonial in the desirable Birch Meadow neighborhood has been devotedly cared for by the same family for over 40 years. This home exudes quaint New England tradition from the moment you glimpse the brick accented facade and classic layout. Updated cook's kitchen with quartz countertops, stainless steel appliances back splash and dining area.  Finished lower level provides wonderful storage in the play, office or media room. Situated close to the elementary, middle and high school as well as the YMCA, one could enjoy a quick jaunt to work out or convenient school drop off while saving on gas. Don't miss out on this fantastic opportunity.
Unit Size
1,488 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$504
Property Type
House
Property Taxes
$630
HOA Dues
-
Year Built
1978

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73190309)

Price History

Date / Event Date Event Price
Feb 20, 2024 Sold
Premium
Sold
Jan 17, 2024 In contract -
In contract
Jan 16, 2024 Price Decreased $749,900
↓ $25K (3.2%)
Price Decreased
Jan 11, 2024 Price Increased $774,900
↑ $25K (3.3%)
Price Increased
Jan 3, 2024 Listed by Premier Realty Group, Inc. $749,900
Listed by Premier Realty Group, Inc.

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 2
  • Basement Area: 576
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,800
  • Total Building Area: 1,488
  • Gross Building Area: 1,872
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: READING
  • Land Acres: 0000000110
  • 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: 334300

Zoning

  • Zoning: S15

Geography

  • Account Number: 1130000000
  • Parcel: READ M:027.0-0000-0334.0
  • Municipality: READING
  • Latitude: 42.533
  • Longitude: -71.1092

    Address

  • Full Address: 6 Oakland Rd
  • Address - House Number: 6
  • Address - Street Name: Oakland
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C009
  • 4-Digit Zip Code: 2120
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $738,600

    Appraisal Valuation

  • Standard Deviation: 0.0773
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 94
  • Final Value: 770,825
  • High Value: 830,480
  • Low Value: 711,170

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $630,200
  • Assessed Land Value: $382,200
  • Assessed Improvements Value: $248,000

    Sales

  • Current Sale Contract Date: Feb 20, 2024
  • Current Sale Recording Date: Feb 20, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16610
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

$3,855 /mo

  • 2 Beds
  • 2 Baths
  • 1,139 ft²
200 Quannapowitt Parkway #B1A-G2B, 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# 73190309

Frequently Asked Questions

When was property at 6 Oakland Road built and last sold?
The property at 6 Oakland Road was built in 1978 and last sold on Feb 20, 2024 for $720,000.
How much is this home worth?
The estimated value of the home located at 6 Oakland Road is $756,357.
What are some comparable homes to 6 Oakland Road?
There are currently no comparable homes to 6 Oakland Road.
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