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Reading 01867
8 Balsam Road
$658,000
● House - Off Market

8 Balsam Road

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,265 Ft²
$1,110,430
RealtyHop Estimate
65.76%
Since Nov 1, 2016
MA-Boston
Primary Model

About This Property

WELCOME HOME to this beautiful West Side Colonial !  This classic design is perfect, with a large living room with fireplace, formal dining room, large eat in kitchen & family room, 1/2 bath  on the first floor, followed by 4 large bedrooms, including a Master with bath en suite &  large Main Bath,  Hardwood Floors on 1st & second floors.  Large Walk out basement offers finished living potential.  Nearly New heating system, hot water tank, oil tank.  Updated electrical panel too. New Garage door is on its way too!   Lovely yard & a top notch neighborhood too!   Don't miss this one.  .
Unit Size
2,265 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$296
Property Type
House
Property Taxes
$692
HOA Dues
-
Year Built
1964

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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 #72054458)

Price History

Date / Event Date Event Price
Oct 19, 2016 Sold
Premium
Sold
Aug 17, 2016 Listed by Premier Realty Group, Inc. $669,900
Listed by Premier Realty Group, Inc.
May 15, 1964 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,108
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,032
  • Total Building Area: 2,265
  • Gross Building Area: 4,027
  • Building Area: 2,265
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,265
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 160000000
  • Parcel: READ M:007.0-0000-0144.0
  • Municipality: READING
  • Latitude: 42.509
  • Longitude: -71.1133

    Address

  • Full Address: 8 Balsam Rd
  • Address - House Number: 8
  • Address - Street Name: Balsam
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C011
  • 4-Digit Zip Code: 3834
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,114,800

    Appraisal Valuation

  • Standard Deviation: 0.1564
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 1,025,214
  • High Value: 1,185,575
  • Low Value: 864,853

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $951,200
  • Assessed Land Value: $542,800
  • Assessed Improvements Value: $408,400

    Sales

  • Current Sale Recording Date: Oct 19, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1743906
  • Previous Sale Recording Date: May 15, 1964
  • Previous Sale Amount: $35,000
  • 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

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

$2,555 /mo

  • 1 Bed
  • 1 Bath
  • 722 ft²
200 Quannapowitt Parkway #A1-G2, 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# 72054458

Frequently Asked Questions

When was property at 8 Balsam Road built and last sold?
The property at 8 Balsam Road was built in 1964 and last sold on Jan 1, 1970 for $658,000.
How much is this home worth?
The estimated value of the home located at 8 Balsam Road is $694,501.
What are some comparable homes to 8 Balsam Road?
There are currently no comparable homes to 8 Balsam Road.
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