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Reading 01867
1063 Main St
$407,000
● House - Off Market

1063 Main St

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,667 Ft²
$726,646
RealtyHop Estimate
81.67%
Since Jun 1, 2014
MA-Boston
Primary Model

About This Property

Warm and Welcome!! Lovingly maintained Classic Cape on the corner of Main and Forest Glen. Easily entertain with a stainless steel kitchen and host backyard barbeques this summer on a new patio which adjoins the open living and dining room. The 1st level TV room is perfect for kids and noise and features ample closet space for all the toys and extra stuff.  Convenient oversized garage with additional room for storage. Clean and efficient gas heat. Additional upgrades within 10 years include  roof, windows and siding. Enjoy all the amenities of this move in ready home for years to come!
Unit Size
1,667 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$240
Property Type
House
Property Taxes
$419
HOA Dues
-
Year Built
1947

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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 #71643602)

Price History

Date / Event Date Event Price
Oct 7, 2020 Sold
Premium
Sold
Sep 10, 2020 Listed by RE/MAX Leading Edge $569,900
Listed by RE/MAX Leading Edge
May 1, 2014 Sold
Premium
Sold
Mar 12, 2014 Listed by RE/MAX Leading Edge $399,990
Listed by RE/MAX Leading Edge

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 2
  • Basement Area: 936
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,477
  • Total Building Area: 1,677
  • Gross Building Area: 3,257
  • Building Area: 1,677
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,677
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000309
  • 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:039.0-0000-0207.0
  • Municipality: READING
  • Latitude: 42.5409
  • Longitude: -71.1038

    Address

  • Full Address: 1063 Main St
  • Address - House Number: 1063
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C018
  • 4-Digit Zip Code: 1301
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $813,600
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 766,753
  • High Value: 901,206
  • Low Value: 632,301

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $694,200
  • Assessed Land Value: $385,400
  • Assessed Improvements Value: $308,800

    Sales

  • Current Sale Contract Date: Oct 07, 2020
  • Current Sale Recording Date: Oct 07, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1855570
  • Previous Sale Recording Date: May 01, 2014
  • Previous Sale Amount: $407,000
  • 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:

$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

$3,120 /mo

  • 1 Bed
  • 1 Bath
  • 843 ft²
200 Quannapowitt Parkway #A5aP, 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# 71643602

Frequently Asked Questions

When was property at 1063 Main Street built and last sold?
The property at 1063 Main Street was built in 1947 and last sold on Oct 7, 2020 for $602,000.
How much is this home worth?
The estimated value of the home located at 1063 Main Street is $589,628.
What are some comparable homes to 1063 Main Street?
There are currently no comparable homes to 1063 Main Street.
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