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Reading 01867
6 Rice Road
$278,500
● House - Off Market

6 Rice Road

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,080 Ft²
$571,770
RealtyHop Estimate
105.30%
Since Aug 1, 2009
MA-Boston
Primary Model

About This Property

Handyman special located in the desirable Birch Meadow area short walk to schools and park. This one owner ranch has an updated kitchen, new electrical service, front to back fireplaced living/dining room with hardwood floors, pretty built-ins and a laundry area on the first floor.
Unit Size
1,080 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$258
Property Type
House
Property Taxes
$360
HOA Dues
-
Year Built
1948

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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 years ago (MLSPIN #70933107)

Price History

Date / Event Date Event Price
Jul 31, 2009 Sold
Premium
Sold
Jun 12, 2009 Listed by Boardwalk Real Estate $278,500
Listed by Boardwalk Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,271
  • Total Building Area: 1,032
  • Gross Building Area: 2,028
  • Building Area: 1,032
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,032
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000282
  • 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: 1360000000
  • Parcel: READ M:032.0-0000-0236.0
  • Municipality: READING
  • Latitude: 42.5386
  • Longitude: -71.1161

    Address

  • Full Address: 6 Rice Rd
  • Address - House Number: 6
  • Address - Street Name: Rice
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C013
  • 4-Digit Zip Code: 1644
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $766,500

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 793,238
  • High Value: 923,744
  • Low Value: 662,733

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $654,000
  • Assessed Land Value: $447,600
  • Assessed Improvements Value: $206,400

    Sales

  • Current Sale Recording Date: Jul 31, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00150989
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:

$857,450

Sale Price/ft²

$456

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2197 ft²

Average Home Age

55.6 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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 70933107

Frequently Asked Questions

When was property at 6 Rice Road built and last sold?
The property at 6 Rice Road was built in 1948 and last sold on Jan 1, 1970 for $278,500.
How much is this home worth?
The estimated value of the home located at 6 Rice Road is $0.
What are some comparable homes to 6 Rice Road?
There are currently no comparable homes to 6 Rice Road.
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