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Reading 01867
61 Louanis Drive
Photo of 61 Louanis Drive
Sold on Jun 16, 2006

1

Map

$730,000
● House - Off Market

61 Louanis Drive

Reading, MA 01867
bedrooms
4 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
2,420 Ft²
$1,350,360
RealtyHop Estimate
80.07%
Since Jul 1, 2006
MA-Boston
Primary Model

About This Property

This one owner, four bedroom, Westside, center entrance colonial awaits your personal touch.  The family room features a fireplace, ceiling fans, and skylights. The formal living room and dining room have hardwood floors.  There is a 3/4 bath off the master bedroom. An attached two car garage and a useable level lot completes the picture.
Unit Size
2,420 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$310
Property Type
House
Property Taxes
$591
HOA Dues
-
Year Built
1987

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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: 5 months ago (MLSPIN #70338385)

Price History

Date / Event Date Event Price
Jun 16, 2006 Sold
Premium
Sold
Feb 27, 2006 Listed $749,900
Listed
Feb 2, 1988 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,340
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 20,099
  • Total Building Area: 3,398
  • Gross Building Area: 4,736
  • Building Area: 3,398
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,398
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000461
  • 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: 334100

Zoning

  • Zoning: S20

Geography

  • Account Number: 230000000
  • Parcel: READ M:006.0-0000-0153.0
  • Municipality: READING
  • Latitude: 42.5114
  • Longitude: -71.1182

    Address

  • Full Address: 61 Louanis Dr
  • Address - House Number: 61
  • Address - Street Name: Louanis
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Reading
  • Carrier Code: C017
  • 4-Digit Zip Code: 3777
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,311,800

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 1,208,083
  • High Value: 1,406,840
  • Low Value: 1,009,326

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,119,300
  • Assessed Land Value: $556,300
  • Assessed Improvements Value: $563,000

    Sales

  • Current Sale Recording Date: Jun 16, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00111378
  • Previous Sale Recording Date: Feb 02, 1988
  • Previous Sale Amount: $320,900
  • 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:

$866,500

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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70338385

Frequently Asked Questions

When was property at 61 Louanis Drive built and last sold?
The property at 61 Louanis Drive was built in 1987 and last sold on Jan 1, 1970 for $730,000.
How much is this home worth?
The estimated value of the home located at 61 Louanis Drive is $773,090.
What are some comparable homes to 61 Louanis Drive?
There are currently no comparable homes to 61 Louanis Drive.
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