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Reading 01867
9 Wells Rd
$570,000
● House - Off Market

9 Wells Rd

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,908 Ft²
$810,177
RealtyHop Estimate
53.15%
Since Mar 1, 2018
MA-Boston
Primary Model

About This Property

Just Unpack and Enjoy! Everything has been done for the new owners. Second floor addition done in 2015-2016 adding a fantastic master suite with bedroom/full bath/walk in closet, and office space (presently being used as a nursery!) Beautiful wood grain tiling, recessed lighting, walk in tiled shower with glass enclosures and bench seating, are just a few of the surprises. Updated kitchen, dining room and large fire-placed living room add to the decor. Two good size bedrooms on the first floor with a full bath. When the warm weather comes and it will, enjoy outside entertaining on the 17 x 16 dark grey stamped concrete patio or frolic in the green grass of the oversized yard.
Unit Size
1,908 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$277
Property Type
House
Property Taxes
$561
HOA Dues
-
Year Built
1933

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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 #72271857)

Price History

Date / Event Date Event Price
Feb 26, 2018 Sold
Premium
Sold
Jan 18, 2018 Listed by Lawton Real Estate, Inc $529,000
Listed by Lawton Real Estate, Inc
Mar 23, 2011 Sold
Premium
Sold
Dec 13, 2010 Listed by Lawton Real Estate, Inc $319,900
Listed by Lawton Real Estate, Inc

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 904
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,001
  • Total Building Area: 1,908
  • Gross Building Area: 2,756
  • Building Area: 1,908
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,908
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000276
  • 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:040.0-0000-0035.0
  • Municipality: READING
  • Latitude: 42.5411
  • Longitude: -71.1026

    Address

  • Full Address: 9 Wells Rd
  • Address - House Number: 9
  • Address - Street Name: Wells
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C015
  • 4-Digit Zip Code: 1361
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $876,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1749
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 810,477
  • High Value: 952,307
  • Low Value: 668,648

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $747,700
  • Assessed Land Value: $470,200
  • Assessed Improvements Value: $277,500

    Sales

  • Current Sale Recording Date: Feb 26, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26137
  • Previous Sale Recording Date: Mar 23, 2011
  • Previous Sale Amount: $320,000
  • 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:

$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

$4,675 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1B, 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# 72271857

Frequently Asked Questions

When was property at 9 Wells Road built and last sold?
The property at 9 Wells Road was built in 1933 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 Wells Road is $560,738.
What are some comparable homes to 9 Wells Road?
There are currently no comparable homes to 9 Wells Road.
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