For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Reading 01867
115 Franklin Street
$389,000
● House - Off Market

115 Franklin Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,440 Ft²
$807,589
RealtyHop Estimate
107.61%
Since Jul 1, 2003
MA-Boston
Primary Model

About This Property

PICTURE PERFECT CAPE SURROUNDED BY STONE WALLS. FIREPLACED LIVING ROOM, NEWER KITCHEN WITH CERAMIC TILE FLOOR AND BAY WINDOW,BEAUTIFUL NEW MAHOGANY DECK,PLUS ENCLOSED PATIO,LOWER LEVEL FAMILY ROOM,LARGE LEVEL BACKYARD FENCED IN!!!!
Unit Size
1,440 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$270
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1950

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #30703490)

Price History

Date / Event Date Event Price
Jun 30, 2003 Sold
Premium
Sold
Mar 28, 2003 Listed by RE/MAX First Realty, Inc. $389,000
Listed by RE/MAX First Realty, Inc.

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,599
  • Total Building Area: 1,440
  • Gross Building Area: 2,975
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000358
  • 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: 2250000000
  • Parcel: READ M:052.0-0000-0058.0
  • Municipality: READING
  • Latitude: 42.5543
  • Longitude: -71.1032

    Address

  • Full Address: 115 Franklin St
  • Address - House Number: 115
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C012
  • 4-Digit Zip Code: 1169
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $882,000

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 783,402
  • High Value: 905,333
  • Low Value: 661,471

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $752,600
  • Assessed Land Value: $460,900
  • Assessed Improvements Value: $291,700

    Sales

  • Current Sale Recording Date: May 13, 2015
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 70203
  • Previous Sale Recording Date: Jun 30, 2003
  • Previous Sale Amount: $389,000
  • 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:

$866,500

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2107 ft²

Average Home Age

60.3 years

Currently For Sale

42 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

$4,180 /mo

  • 2 Beds
  • 2 Baths
  • 1,155 ft²
200 Quannapowitt Parkway #B9J, 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# 30703490

Frequently Asked Questions

When was property at 115 Franklin Street built and last sold?
The property at 115 Franklin Street was built in 1950 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 115 Franklin Street is $409,023.
What are some comparable homes to 115 Franklin Street?
There are currently no comparable homes to 115 Franklin Street.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Reading Homes for Sale
Reading Houses for Sale
Reading Condos for Sale
Reading Multifamily for Sale
Reading Land for Sale
Reading Commercial for Sale
Reading Homes with Basements
Reading Homes with Pools
Nearby Cities
Woburn Homes for Sale
Melrose Homes for Sale
Wakefield Homes for Sale
Saugus Homes for Sale
Winchester Homes for Sale
Stoneham Homes for Sale
Wilmington Homes for Sale
Burlington Homes for Sale
Nearby Property Records
Middlesex County, MA Property Records
Suffolk County, MA Property Records
Essex County, MA Property Records
Norfolk County, MA Property Records
Rockingham County, NH Property Records
Hillsborough County, NH Property Records
Worcester County, MA Property Records
Plymouth County, MA Property Records
Neighborhoods
Downtown Woburn Real Estate
Winchester Town Center Real Estate
Melrose East Side Real Estate
North Medford Real Estate
Shakerhill Real Estate
North Burlington Real Estate
Burlington Town Center Real Estate
Melrose Highlands Real Estate
Nearby Counties
Woburn Homes for Sale
Melrose Homes for Sale
Wakefield Homes for Sale
Saugus Homes for Sale
Winchester Homes for Sale
Stoneham Homes for Sale
Wilmington Homes for Sale
Burlington Homes for Sale
Top Real Estate Agents
Top Agents in Reading
Top Agents in Woburn
Top Agents in Woburn
Top Agents in 01801
Top Agents in 02176
Top Agents in Melrose
Top Agents in Melrose
Top Agents in 01880