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Reading 01867
8 Wells Road
$651,500
● House - Off Market

8 Wells Road

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,256 Ft²
$1,088,888
RealtyHop Estimate
81.51%
Since Jul 1, 2014
MA-Boston
Primary Model

About This Property

Charm of bygone era when quality wasn't an option!!  Meticulously maintained and Charming describe this Arts and Crafts Bungalow Style Home.  Fireplaced formal living room and dining room with hardwood floors, kitchen, den, bedroom and full bath complete the first floor.  On the second floor you will find 3 large bedrooms, a full bath and office area. All set on perfect corner lot with patio and 2 car garage.  Easy to Show.
Unit Size
2,256 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$266
Property Type
House
Property Taxes
$532
HOA Dues
-
Year Built
1913

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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 #71661947)

Price History

Date / Event Date Event Price
Jun 20, 2014 Sold
Premium
Sold
Apr 16, 2014 Listed by Premier Realty Group, Inc. $599,900
Listed by Premier Realty Group, Inc.
Aug 20, 2002 Sold
Premium
Sold
May 23, 2002 Listed by Premier Realty Group, Inc. $459,900
Listed by Premier Realty Group, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1913
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 1,174
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,524
  • Total Building Area: 2,276
  • Gross Building Area: 3,918
  • Building Area: 2,276
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,276
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000448
  • 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: S15

Geography

  • Account Number: 1590000000
  • Parcel: READ M:040.0-0000-0036.0
  • Municipality: READING
  • Latitude: 42.541
  • Longitude: -71.1031

    Address

  • Full Address: 8 Wells Rd
  • Address - House Number: 8
  • Address - Street Name: Wells
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C015
  • 4-Digit Zip Code: 1360
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,087,000

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 982,694
  • High Value: 1,144,369
  • Low Value: 821,019

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $927,500
  • Assessed Land Value: $497,500
  • Assessed Improvements Value: $430,000

    Sales

  • Current Sale Recording Date: Jun 20, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 84593
  • Previous Sale Recording Date: Aug 20, 2002
  • Previous Sale Amount: $494,000
  • 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

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

$4,125 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1P, 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# 71661947

Frequently Asked Questions

When was property at 8 Wells Road built and last sold?
The property at 8 Wells Road was built in 1913 and last sold on Jan 1, 1970 for $651,500.
How much is this home worth?
The estimated value of the home located at 8 Wells Road is $605,036.
What are some comparable homes to 8 Wells Road?
There are currently no comparable homes to 8 Wells Road.
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