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Reading 01867
79 Bancroft Avenue
Photo of 79 Bancroft Avenue
Sold on Sep 2, 2011

1

Map

$325,000
● House - Off Market

79 Bancroft Avenue

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,470 Ft²
$691,667
RealtyHop Estimate
109.66%
Since Oct 1, 2011
MA-Boston
Primary Model

About This Property

Fantastic Opportunity!   This 6 Rm, 3 bdrm turn of the century home offers the beginning to a beautiful start!  Restore its beautiful charm and begin w/ 8 1/2 foot ceilings, classic mouldings, wide entry ways & spacious rooms throughout.  Most of the hard work has been done ~ this home has a newer heating system, hot water, newer roof, many newer windows & newer blown insulation.  Private level yard, one car garage & bonus third floor room!  Bring your creative ideas & build equity today!
Unit Size
1,470 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$224
Property Type
House
Property Taxes
$399
HOA Dues
-
Year Built
1900

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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: 28 days ago (MLSPIN #71266392)

Price History

Date / Event Date Event Price
Jun 3, 2021 Sold
Premium
Sold
Apr 21, 2021 Listed by RE/MAX Heritage, LLC $729,000
Listed by RE/MAX Heritage, LLC
May 31, 2017 Sold
Premium
Sold
Apr 5, 2017 Listed by RE/MAX Heritage, LLC $569,000
Listed by RE/MAX Heritage, LLC
Mar 27, 2014 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 1
  • 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: 728
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,325
  • Total Building Area: 1,664
  • Gross Building Area: 3,424
  • Building Area: 1,664
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,664
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000145
  • 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: 334200

Zoning

  • Zoning: S15

Geography

  • Account Number: 860000000
  • Parcel: READ M:021.0-0000-0387.0
  • Municipality: READING
  • Latitude: 42.5273
  • Longitude: -71.1082

    Address

  • Full Address: 79 Bancroft Ave
  • Address - House Number: 79
  • Address - Street Name: Bancroft
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Reading
  • Carrier Code: C003
  • 4-Digit Zip Code: 2513
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $959,500

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 900,156
  • High Value: 1,058,001
  • Low Value: 742,311

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $818,700
  • Assessed Land Value: $449,700
  • Assessed Improvements Value: $369,000

    Sales

  • Current Sale Contract Date: Jun 03, 2021
  • Current Sale Recording Date: Jun 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 126248
  • Previous Sale Recording Date: May 31, 2017
  • Previous Sale Amount: $650,000
  • Previous Sale Document Type: O
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

$3,125 /mo

  • 1 Bed
  • 1 Bath
  • 746 ft²
200 Quannapowitt Parkway #A1aB, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 28 days ago
Data Source: MLS PIN, MLS# 71266392

Frequently Asked Questions

When was property at 79 Bancroft Avenue built and last sold?
The property at 79 Bancroft Avenue was built in 1900 and last sold on Jun 3, 2021 for $843,000.
How much is this home worth?
The estimated value of the home located at 79 Bancroft Avenue is $734,988.
What are some comparable homes to 79 Bancroft Avenue?
There are currently no comparable homes to 79 Bancroft Avenue.
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