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Reading 01867
65 Rustic Lane
Photo of 65 Rustic Lane
Sold on Jun 29, 2007

1

Map

$548,000
● House - Off Market

65 Rustic Lane

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,843 Ft²
$1,043,558
RealtyHop Estimate
86.38%
Since Jul 1, 2007
MA-Boston
Primary Model

About This Property

Immaculate 10 room Split Entry in one of Readings most sought after neighborhoods. First floor features  family room off the kitchen, formal fireplace living room that opens to a formal dining room, deck off the kitchen overlooks a georgous private lot with an heated inground pool. Lower level features a fire place family room, bedroom and an office that exits to the back yard.  Oversize 2 Car garage.  This home is a pleasure to show.
Unit Size
2,843 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$197
Property Type
House
Property Taxes
$563
HOA Dues
-
Year Built
1972

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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 #70518854)

Price History

Date / Event Date Event Price
Jun 29, 2007 Sold
Premium
Sold
Jan 31, 2007 Listed $559,900
Listed
Jan 26, 2001 Sold
Premium
Sold
Oct 27, 2000 Listed $394,900
Listed

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,325
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 22,346
  • Total Building Area: 2,157
  • Gross Building Area: 3,072
  • Building Area: 2,157
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,157
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000513
  • 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: S20

Geography

  • Account Number: 1970000000
  • Parcel: READ M:046.0-0000-0108.0
  • Municipality: READING
  • Latitude: 42.5466
  • Longitude: -71.097

    Address

  • Full Address: 65 Rustic Ln
  • Address - House Number: 65
  • Address - Street Name: Rustic
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Reading
  • Carrier Code: C002
  • 4-Digit Zip Code: 1150
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,205,400

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,019,955
  • High Value: 1,199,475
  • Low Value: 840,436

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,028,500
  • Assessed Land Value: $595,100
  • Assessed Improvements Value: $433,400

    Sales

  • Current Sale Recording Date: Jun 29, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00120834
  • Previous Sale Recording Date: Jan 26, 2001
  • Previous Sale Amount: $395,000
  • 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:

$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

$4,030 /mo

  • 2 Beds
  • 2 Baths
  • 1,116 ft²
200 Quannapowitt Parkway #B7P, 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# 70518854

Frequently Asked Questions

When was property at 65 Rustic Lane built and last sold?
The property at 65 Rustic Lane was built in 1972 and last sold on Jan 1, 1970 for $548,000.
How much is this home worth?
The estimated value of the home located at 65 Rustic Lane is $594,756.
What are some comparable homes to 65 Rustic Lane?
There are currently no comparable homes to 65 Rustic Lane.
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