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Reading 01867
7 Adams Way
$983,000
● House - Off Market

7 Adams Way

Reading, MA 01867
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,928 Ft²
$1,794,945
RealtyHop Estimate
81.49%
Since Sep 1, 2014
MA-Boston
Primary Model

About This Property

Stunning Custom Home in Cul-de-sac Open Concept. 4 Bed, 3.5 Bath 3 car garage,1st floor laundry. Central Air, Gas Fireplace Hardwood Floors throughout. Kitchen has radiant heat, Stainless Steel Appliances, granite and Custom Cherry cabinets. Spacious Breakfast nook Surround sound in Kitchen, Family room, Deck, Master Bedroom and Bath.Master bath includes an extra large steam shower with granite seat. 4 Custom Closets. Custom Moldings Spectacular Lower level including a custom built in for theatre room including surround sound, a play area, a custom built Bar and a Full Bathroom. Large Trex Deck overlooks Professionally Landscaped lot with Irrigation, a Breathtaking Saltwater Pebble Tec Pool with Natural Stone coping and an attached 8 jet Spa. A very peaceful yard surrounded by conservation land.
Unit Size
3,928 Ft²
Days on Market
-
Land Size
0.62 acres
Price per sqft
$252
Property Type
House
Property Taxes
$950
HOA Dues
-
Year Built
2002

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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 #71699504)

Price History

Date / Event Date Event Price
Aug 15, 2014 Sold
Premium
Sold
Jun 16, 2014 Listed by Alliance Realty NE, LLC $989,000
Listed by Alliance Realty NE, LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,483
  • Garage Type: 17
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 27,173
  • Total Building Area: 4,151
  • Gross Building Area: 7,070
  • Building Area: 4,151
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,151
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000624
  • 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: 2080000000
  • Parcel: READ M:051.0-0000-0046.0
  • Municipality: READING
  • Latitude: 42.5513
  • Longitude: -71.1114

    Address

  • Full Address: 7 Adams Way
  • Address - House Number: 7
  • Address - Street Name: Adams
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Reading
  • Carrier Code: C018
  • 4-Digit Zip Code: 1089
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,758,900

    Appraisal Valuation

  • Standard Deviation: 0.1574
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 1,536,817
  • High Value: 1,778,841
  • Low Value: 1,294,793

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,500,800
  • Assessed Land Value: $572,900
  • Assessed Improvements Value: $927,900

    Sales

  • Current Sale Recording Date: Aug 15, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 121680
  • Previous Sale Recording Date: Jul 08, 2010
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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# 71699504

Frequently Asked Questions

When was property at 7 Adams Way built and last sold?
The property at 7 Adams Way was built in 2002 and last sold on Jan 1, 1970 for $983,000.
How much is this home worth?
The estimated value of the home located at 7 Adams Way is $1,037,341.
What are some comparable homes to 7 Adams Way?
There are currently no comparable homes to 7 Adams Way.
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