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Reading 01867
8 Nichols Rd
Photo of 8 Nichols Rd
Sold on Nov 30, 2011

1

Map

$455,000
● House - Off Market

8 Nichols Rd

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,542 Ft²
$991,295
RealtyHop Estimate
115.55%
Since Dec 1, 2011
MA-Boston
Primary Model

About This Property

Location Location Location "Picture Book Cape" on the West Side of Reading.  This home was completely renovated in 2006.  The house has an open floor plan for todays way of living, and a beautifully finished playroom on the lower level
Unit Size
1,542 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$298
Property Type
House
Property Taxes
$498
HOA Dues
-
Year Built
1952

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 13 days ago (MLSPIN #71284659)

Price History

Date / Event Date Event Price
Jan 5, 2022 Sold
Premium
Sold
Oct 20, 2021 Listed by Boardwalk Real Estate $739,000
Listed by Boardwalk Real Estate
Nov 30, 2011 Sold
Premium
Sold
Sep 8, 2011 Listed by Boardwalk Real Estate $459,900
Listed by Boardwalk Real Estate
Mar 31, 2006 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 894
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,153
  • Total Building Area: 1,873
  • Gross Building Area: 2,792
  • Building Area: 1,873
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,873
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000164
  • 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: 400000000
  • Parcel: READ M:016.0-0000-0047.0
  • Municipality: READING
  • Latitude: 42.5181
  • Longitude: -71.1139

    Address

  • Full Address: 8 Nichols Rd
  • Address - House Number: 8
  • Address - Street Name: Nichols
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C027
  • 4-Digit Zip Code: 3427
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $946,900

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 857,790
  • High Value: 998,916
  • Low Value: 716,665

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $807,900
  • Assessed Land Value: $452,700
  • Assessed Improvements Value: $355,200

    Sales

  • Current Sale Contract Date: Jan 05, 2022
  • Current Sale Recording Date: Jan 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2417
  • Previous Sale Recording Date: Nov 30, 2011
  • Previous Sale Amount: $455,000
  • 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:

$879,900

Sale Price/ft²

$455

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2187 ft²

Average Home Age

54.3 years

Currently For Sale

23 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

$3,695 /mo

  • 2 Beds
  • 2 Baths
  • 1,236 ft²
200 Quannapowitt Parkway #B5B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 13 days ago
Data Source: MLS PIN, MLS# 71284659

Frequently Asked Questions

When was property at 8 Nichols Road built and last sold?
The property at 8 Nichols Road was built in 1952 and last sold on Jan 5, 2022 for $850,000.
How much is this home worth?
The estimated value of the home located at 8 Nichols Road is $756,464.
What are some comparable homes to 8 Nichols Road?
There are currently no comparable homes to 8 Nichols Road.
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