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Reading 01867
9 Riverside Dr
$570,000
● House - Off Market

9 Riverside Dr

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,012 Ft²
$1,199,697
RealtyHop Estimate
103.68%
Since Jul 1, 2012
MA-Boston
Primary Model

About This Property

Fantastic location to town, school, parks and transportation.  This nine room split entry has many updates.  Fabulous cathedral ceiling first floor family room off newer granite  kitchen and opening from the formal dining room. Enjoy the private yard from the added three season porch.  This house has it all with energy efficient gas heat and central air in the Summer.
Unit Size
2,012 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$293
Property Type
House
Property Taxes
$588
HOA Dues
-
Year Built
1978

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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 #71372926)

Price History

Date / Event Date Event Price
Jun 27, 2012 Sold
Premium
Sold
Apr 25, 2012 Listed by RE/MAX Heritage, LLC $589,000
Listed by RE/MAX Heritage, LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,520
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,965
  • Total Building Area: 2,496
  • Gross Building Area: 3,256
  • Building Area: 2,496
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,496
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000321
  • 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: 410000000
  • Parcel: READ M:011.0-0000-0267.0
  • Municipality: READING
  • Latitude: 42.5169
  • Longitude: -71.1085

    Address

  • Full Address: 9 Riverside Dr
  • Address - House Number: 9
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Reading
  • Carrier Code: C027
  • 4-Digit Zip Code: 3511
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,074,600

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 1,011,499
  • High Value: 1,177,913
  • Low Value: 845,084

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $916,900
  • Assessed Land Value: $477,300
  • Assessed Improvements Value: $439,600

    Sales

  • Current Sale Recording Date: Jun 27, 2012
  • Current Sale Price:
    Premium
  • Current 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:

$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

$4,425 /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# 71372926

Frequently Asked Questions

When was property at 9 Riverside Drive built and last sold?
The property at 9 Riverside Drive was built in 1978 and last sold on Jan 1, 1970 for $570,000.
How much is this home worth?
The estimated value of the home located at 9 Riverside Drive is $609,449.
What are some comparable homes to 9 Riverside Drive?
There are currently no comparable homes to 9 Riverside Drive.
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