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Reading 01867
68 Red Gate Lane
$1,100,000
● House - Off Market

68 Red Gate Lane

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,833 Ft²
$1,019,646
RealtyHop Estimate
1.97%
Since May 1, 2022
MA-Boston
Primary Model

About This Property

Truly the westside n'bhd you've been waiting for. This unusually large  34x55  oversized split features 4 nicely sized main level bedrooms,extra wide 4.5' hallways, and hardwood in most rooms.  Both the living room and family rooms have fireplaces .A private lower level office , bright spacious family room  and laundry room utility room extend ;your  living options . Perfect opportunity and layout for inlaw, Summer is coming  you will enjoy the carefree 12x18  deck and the convenience of the  12x15  screened  porch leading to sweet nicely manicured  fenced yard. Car lovers dream ... the huge 26X29  garage  fits cars, bikes  and all your toys.Showings begin March 18th. No OH. Private showings only. Showings begin Thur 3/17/2022
Unit Size
2,833 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$353
Property Type
House
Property Taxes
$901
HOA Dues
-
Year Built
1970

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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 #72953488)

Price History

Date / Event Date Event Price
Apr 22, 2022 Sold
Premium
Sold
Mar 16, 2022 Listed by Colonial Manor Realty $999,900
Listed by Colonial Manor Realty
Sep 29, 1997 Sold
Premium
Sold
Apr 12, 1997 Listed by Colonial Manor Realty $319,900
Listed by Colonial Manor Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,596
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,894
  • Total Building Area: 2,833
  • Gross Building Area: 3,780
  • Building Area: 2,833
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,833
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • 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: S15

Geography

  • Account Number: 240000000
  • Parcel: READ M:007.0-0000-0280.0
  • Municipality: READING
  • Latitude: 42.5102
  • Longitude: -71.1123

    Address

  • Full Address: 68 Red Gate Ln
  • Address - House Number: 68
  • Address - Street Name: Red Gate
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Reading
  • Carrier Code: C017
  • 4-Digit Zip Code: 3726
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,158,900

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,119,118
  • High Value: 1,317,098
  • Low Value: 921,139

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $988,800
  • Assessed Land Value: $546,500
  • Assessed Improvements Value: $442,300

    Sales

  • Current Sale Contract Date: Apr 18, 2022
  • Current Sale Recording Date: Apr 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1912129
  • Previous Sale Recording Date: Sep 29, 1997
  • Previous Sale Amount: $305,000
  • Previous Sale Document Type: 43
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:

$865,000

Sale Price/ft²

$456

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2135 ft²

Average Home Age

57.1 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# 72953488

Frequently Asked Questions

When was property at 68 Red Gate Lane built and last sold?
The property at 68 Red Gate Lane was built in 1970 and last sold on Apr 18, 2022 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 68 Red Gate Lane is $1,022,433.
What are some comparable homes to 68 Red Gate Lane?
There are currently no comparable homes to 68 Red Gate Lane.
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