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Reading 01867
7 Gateway Circle
Photo of 7 Gateway Circle
Sold on Jan 18, 2007

1

Map

$525,900
● House - Off Market

7 Gateway Circle

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,690 Ft²
$1,047,670
RealtyHop Estimate
90.52%
Since Feb 1, 2007
MA-Boston
Primary Model

About This Property

Westside cul-de-sac location - Spacious and updated home on a wonderful lot, meticulous inside and out; interior freshly painted, all new windows/exterior and interior doors, newer furnace, gleaming hardwood floors, central air, central vacuum, sprinkler system, a bonus lower level finished room with kitchen that could easily be converted back to original 2 car garage, plus a fireplaced family room with a separate exercise room. Storage shed has heat and electricity. See  Feature Sheet.
Unit Size
2,690 Ft²
Days on Market
-
Land Size
0.91 acres
Price per sqft
$204
Property Type
House
Property Taxes
$569
HOA Dues
-
Year Built
1977

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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 #70451630)

Price History

Date / Event Date Event Price
Apr 28, 2023 Sold
Premium
Sold
Dec 20, 2022 Withdrawn -
Withdrawn
Oct 2, 2022 Price Decreased $949,000
↓ $26K (2.7%)
Price Decreased
Sep 6, 2022 Listed $975,000
Listed
Jan 18, 2007 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,300
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,757
  • Total Building Area: 1,735
  • Gross Building Area: 3,485
  • Building Area: 1,735
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,735
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000913
  • 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: 110000000
  • Parcel: READ M:007.0-0000-0068.0
  • Municipality: READING
  • Latitude: 42.5083
  • Longitude: -71.107

    Address

  • Full Address: 7 Gateway Cir
  • Address - House Number: 7
  • Address - Street Name: Gateway
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Reading
  • Carrier Code: C025
  • 4-Digit Zip Code: 3957
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,160,700

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 963,675
  • High Value: 1,133,289
  • Low Value: 794,061

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $990,400
  • Assessed Land Value: $635,600
  • Assessed Improvements Value: $354,800

    Sales

  • Current Sale Contract Date: Apr 28, 2023
  • Current Sale Recording Date: Apr 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 43173
  • Previous Sale Recording Date: Jan 18, 2007
  • Previous Sale Amount: $525,900
  • 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

$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# 70451630

Frequently Asked Questions

When was property at 7 Gateway Circle built and last sold?
The property at 7 Gateway Circle was built in 1977 and last sold on Apr 28, 2023 for $950,000.
How much is this home worth?
The estimated value of the home located at 7 Gateway Circle is $958,490.
What are some comparable homes to 7 Gateway Circle?
There are currently no comparable homes to 7 Gateway Circle.
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