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Reading 01867
60 Bancroft Ave
$420,000
● House - Off Market

60 Bancroft Ave

Reading, MA 01867
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,156 Ft²
$792,405
RealtyHop Estimate
82.16%
Since Jan 1, 2015
MA-Boston
Primary Model

About This Property

Exceptional Colonial with great detail and appointments located in desirable west side of Reading. This home offers many upgrades, 200 Amp Electrical, Central Air and Gas heat.  This home opens with a large foyer, high ceiling throughout, crown molding, detailed coffered ceilings.  Large Bright and spacious living room and sun filled dining room with built in china cabinet.  Large kitchen, first floor laundry.  Upstairs boast of four generous size bedrooms, full bath and a walk up attic with great storage.  Enjoy the three season sun porch that this home offers.  Large two car garage, new fence along driveway- walk to a level backyard, a great place entertain.  This rounds out this Fantastic property.  Walk to local shops and area restaurants. Great commuter location close to major routes and rail.
Unit Size
2,156 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$202
Property Type
House
Property Taxes
$503
HOA Dues
-
Year Built
1895

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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 #71745096)

Price History

Date / Event Date Event Price
Dec 8, 2014 Sold
Premium
Sold
Sep 18, 2014 Listed by Coldwell Banker Residential Brokerage - Tewksbury $435,000
Listed by Coldwell Banker Residential Brokerage - Tewksbury

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1895
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 750
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,152
  • Total Building Area: 2,156
  • Gross Building Area: 3,206
  • Building Area: 2,156
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,156
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000210
  • 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: 334200

Zoning

  • Zoning: S15

Geography

  • Account Number: 740000000
  • Parcel: READ M:021.0-0000-0165.0
  • Municipality: READING
  • Latitude: 42.5263
  • Longitude: -71.1084

    Address

  • Full Address: 60 Bancroft Ave
  • Address - House Number: 60
  • Address - Street Name: Bancroft
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Reading
  • Carrier Code: C003
  • 4-Digit Zip Code: 2511
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $881,800

    Appraisal Valuation

  • Standard Deviation: 0.2175
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 781,194
  • High Value: 951,165
  • Low Value: 611,223

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $752,400
  • Assessed Land Value: $459,900
  • Assessed Improvements Value: $292,500

    Sales

  • Current Sale Recording Date: Dec 08, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 187969
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:

$849,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2173 ft²

Average Home Age

54 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

$3,120 /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# 71745096

Frequently Asked Questions

When was property at 60 Bancroft Avenue built and last sold?
The property at 60 Bancroft Avenue was built in 1895 and last sold on Jan 1, 1970 for $420,000.
How much is this home worth?
The estimated value of the home located at 60 Bancroft Avenue is $465,618.
What are some comparable homes to 60 Bancroft Avenue?
There are currently no comparable homes to 60 Bancroft Avenue.
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