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Reading 01867
10 Belmont Street
$577,000
● House - Off Market

10 Belmont Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,472 Ft²
$751,089
RealtyHop Estimate
43.06%
Since Sep 1, 2019
MA-Boston
Primary Model

About This Property

GREAT location in Reading with close proximity to town center, public transportation and highways.  This three bedroom colonial has much to offer with a spacious eat-in kitchen, formal dining room and living room with hardwood floors and a great layout for large gatherings.  The second floor features 3 spacious bedrooms and a full bathroom.  Full Basement for extra storage or expansion possibilities.  This well maintained colonial offers gas cooking, gas heat and a private backyard perfect for summer enjoyment.
Unit Size
1,472 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$357
Property Type
House
Property Taxes
$619
HOA Dues
-
Year Built
1907

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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: 5 months ago (MLSPIN #72520840)

Price History

Date / Event Date Event Price
Aug 20, 2019 Sold
Premium
Sold
Jun 18, 2019 Listed by Leading Edge Real Estate $525,000
Listed by Leading Edge Real Estate
Apr 24, 2014 Sold
Premium
Sold
Feb 25, 2014 Listed by Leading Edge Real Estate $399,900
Listed by Leading Edge Real Estate
Jan 10, 2008 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1907
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 744
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,812
  • Total Building Area: 1,472
  • Gross Building Area: 2,328
  • Building Area: 1,472
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,472
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000202
  • 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: 334400

Zoning

  • Zoning: S15

Geography

  • Account Number: 890000000
  • Parcel: READ M:022.0-0000-0309.0
  • Municipality: READING
  • Latitude: 42.5276
  • Longitude: -71.0936

    Address

  • Full Address: 10 Belmont St
  • Address - House Number: 10
  • Address - Street Name: Belmont
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C024
  • 4-Digit Zip Code: 2625
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $813,700

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 761,813
  • High Value: 895,399
  • Low Value: 628,227

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $694,300
  • Assessed Land Value: $458,700
  • Assessed Improvements Value: $235,600

    Sales

  • Current Sale Contract Date: Aug 12, 2019
  • Current Sale Recording Date: Aug 20, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 123879
  • Previous Sale Recording Date: Apr 24, 2014
  • Previous Sale Amount: $430,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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:

$879,000

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2107 ft²

Average Home Age

52.3 years

Currently For Sale

27 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

$3,795 /mo

  • 2 Beds
  • 2 Baths
  • 1,236 ft²
200 Quannapowitt Parkway #B5B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72520840

Frequently Asked Questions

When was property at 10 Belmont Street built and last sold?
The property at 10 Belmont Street was built in 1907 and last sold on Aug 12, 2019 for $577,000.
How much is this home worth?
The estimated value of the home located at 10 Belmont Street is $538,764.
What are some comparable homes to 10 Belmont Street?
There are currently no comparable homes to 10 Belmont Street.
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