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Reading 01867
91 Van Norden Rd
$1,320,000
● House - Off Market

91 Van Norden Rd

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,544 Ft²
$1,765,042
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model

About This Property

Gorgeous NEW CONSTRUCTION colonial move in ready in a wonderful location! Stunning finishes on first floor include a gorgeous chef's kitchen with 9.5' quartz island and counters, professional grade stainless steel appliances,7 burner cooktop, fridge with HOT water dispenser, pot filler, wine cooler, walk in pantry, built in microwave, 48" vent hood, 9'  ceiling, half bath with laundry, & an office or play room! Second floor's luxurious Master Suite with heated floors & Soaking Tub, Double Vanities and exceptional Shower offer truly decadent living! 3 generous bedrooms, a stylish full bath, and a huge walk third floor with high ceilings and rough plumbing for future expansion! All Covid-19 procedures to be followed, Buyers MUST wear masks while in property.
Unit Size
3,544 Ft²
Days on Market
-
Land Size
0.72 acres
Price per sqft
$381
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2019

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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 #72686797)

Price History

Date / Event Date Event Price
Sep 18, 2020 Sold
Premium
Sold
Jul 8, 2020 Listed by AMLUX LLC $1,349,900
Listed by AMLUX LLC
Nov 8, 2019 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 10
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,484
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 31,472
  • Total Building Area: 4,047
  • Gross Building Area: 7,436
  • Building Area: 4,047
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,047
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000722
  • 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: S20

Geography

  • Account Number: 1570000000
  • Parcel: READ M:039.0-0000-0126.0
  • Municipality: READING
  • Latitude: 42.5436
  • Longitude: -71.1111

    Address

  • Full Address: 91 Van Norden Rd
  • Address - House Number: 91
  • Address - Street Name: Van Norden
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C013
  • 4-Digit Zip Code: 1256
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,639,400

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,578,004
  • High Value: 1,857,163
  • Low Value: 1,298,845

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,398,800
  • Assessed Land Value: $513,700
  • Assessed Improvements Value: $885,100

    Sales

  • Current Sale Contract Date: Sep 18, 2020
  • Current Sale Recording Date: Sep 18, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 165364
  • Previous Sale Recording Date: Nov 08, 2019
  • Previous Sale Contract Date: Nov 08, 2019
  • Previous Sale Amount: $400,000
  • Previous 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:

$865,000

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2112 ft²

Average Home Age

58.9 years

Currently For Sale

43 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

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, 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# 72686797

Frequently Asked Questions

When was property at 91 Van Norden Road built and last sold?
The property at 91 Van Norden Road was built in 2019 and last sold on Sep 18, 2020 for $1,320,000.
How much is this home worth?
The estimated value of the home located at 91 Van Norden Road is $1,373,063.
What are some comparable homes to 91 Van Norden Road?
There are currently no comparable homes to 91 Van Norden Road.
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