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Reading 01867
61 Putnam Rd
$650,000
● House - Off Market

61 Putnam Rd

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,508 Ft²
$603,553
RealtyHop Estimate
9.76%
Since Feb 1, 2022
MA-Boston
Primary Model

About This Property

Terrific opportunity to own a home in Reading at an affordable price! Located on a quiet and sought-after neighborhood and just a walk away to the acclaimed Reading schools, sports fields & courts, trails, playgrounds, ice rinks, YMCA . Move quickly and put your own decorating touch on this well laid out 3-bedroom house, hardwood throughout, a large size lot with a lot more potential. This house has been in the family for over 35 years and is ready for the new owner. Open house 12/11 and 12/12 from 12:00pm to 2:00pm
Unit Size
1,508 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$365
Property Type
House
Property Taxes
$627
HOA Dues
-
Year Built
1959

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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 #72926467)

Price History

Date / Event Date Event Price
Jan 21, 2022 Sold
Premium
Sold
Dec 8, 2021 Listed by Keller Williams Elite $549,900
Listed by Keller Williams Elite
Oct 14, 1983 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,336
  • Total Building Area: 1,508
  • Gross Building Area: 2,308
  • Building Area: 1,508
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,508
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000444
  • 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: 1410000000
  • Parcel: READ M:034.0-0000-0093.0
  • Municipality: READING
  • Latitude: 42.5372
  • Longitude: -71.1011

    Address

  • Full Address: 61 Putnam Rd
  • Address - House Number: 61
  • Address - Street Name: Putnam
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C015
  • 4-Digit Zip Code: 1742
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $839,700

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 795,793
  • High Value: 926,719
  • Low Value: 664,867

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $716,500
  • Assessed Land Value: $496,800
  • Assessed Improvements Value: $219,700

    Sales

  • Current Sale Contract Date: Jan 21, 2022
  • Current Sale Recording Date: Jan 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 11860
  • Previous Sale Recording Date: Oct 14, 1983
  • Previous Sale Amount: $75,500
  • 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:

$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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, 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# 72926467

Frequently Asked Questions

When was property at 61 Putnam Road built and last sold?
The property at 61 Putnam Road was built in 1959 and last sold on Jan 21, 2022 for $650,000.
How much is this home worth?
The estimated value of the home located at 61 Putnam Road is $574,517.
What are some comparable homes to 61 Putnam Road?
There are currently no comparable homes to 61 Putnam Road.
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