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Reading 01867
92 Colonial Drive
$369,900
● House - Off Market

92 Colonial Drive

Reading, MA 01867
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,720 Ft²
$1,689,833
RealtyHop Estimate
356.84%
Since Feb 1, 1996
MA-Boston
Primary Model

About This Property

NEWLY RE-DECORATED IN 1995. WINDOW TREATMENTS STAY WITH EXCEPTION OF CHILDREN'S BEDROOMS. 8 FOOT CEILINGS. SILHOUETTE SHADES IN FR. SECURITY SYSTEM, CENTRAL VAC, HEATED DRIVEWAY, CENTRAL A/C. DRAIN EASEMENT, ABUTS CONSERV.
Unit Size
2,720 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$136
Property Type
House
Property Taxes
$476
HOA Dues
-
Year Built
1987

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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 years ago (MLSPIN #30077791)

Price History

Date / Event Date Event Price
Jan 16, 1996 Sold
Premium
Sold
Nov 14, 1995 Listed by Glover Brokerage Corporation $369,900
Listed by Glover Brokerage Corporation
May 1, 1987 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,600
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,438
  • Total Building Area: 3,088
  • Gross Building Area: 4,512
  • Building Area: 3,088
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,088
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000469
  • 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: 1640000000
  • Parcel: READ M:040.0-0000-0144.0
  • Municipality: READING
  • Latitude: 42.5444
  • Longitude: -71.097

    Address

  • Full Address: 92 Colonial Dr
  • Address - House Number: 92
  • Address - Street Name: Colonial
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Reading
  • Carrier Code: C002
  • 4-Digit Zip Code: 1369
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,385,200

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,296,347
  • High Value: 1,524,567
  • Low Value: 1,068,127

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,181,900
  • Assessed Land Value: $587,000
  • Assessed Improvements Value: $594,900

    Sales

  • Current Sale Recording Date: Jan 16, 1996
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 43
  • Previous Sale Recording Date: May 01, 1987
  • Previous Sale Amount: $364,900
  • 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

$2,740 /mo

  • Studio
  • 1 Bath
  • 725 ft²
200 Quannapowitt Parkway #S4, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30077791

Frequently Asked Questions

When was property at 92 Colonial Drive built and last sold?
The property at 92 Colonial Drive was built in 1987 and last sold on Jan 1, 1970 for $369,900.
How much is this home worth?
The estimated value of the home located at 92 Colonial Drive is $0.
What are some comparable homes to 92 Colonial Drive?
There are currently no comparable homes to 92 Colonial Drive.
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