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Reading 01867
115 Lowell St
$787,500
● House - Off Market

115 Lowell St

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,361 Ft²
$1,108,751
RealtyHop Estimate
43.06%
Since Sep 1, 2019
MA-Boston
Primary Model

About This Property

Beautifully updated ranch in desirable Birch Meadows, set on the corner of Lowell and Bancroft.  Walk into the double door entry into the front to back living room/dining room with brand new hard wood floors and fireplace. Enjoy the brand new updated kitchen with white cabinets, stainless steel appliances, farmers sink and slider leading to the gorgeous patio overlooking flat landscaped yard surrounded by brand new vinyl fence.  Enjoy time relaxing in the oversized family room with cathedral ceilings and built in shelving.  Lower level features large bonus room with wood fireplace, large laundry room with custom built cabinets, updated bathroom, walk in closet and 1 car garage.  Nothing to do in this home except move your belongings in and make it your own.
Unit Size
2,361 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$328
Property Type
House
Property Taxes
$619
HOA Dues
-
Year Built
1959

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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 #72532238)

Price History

Date / Event Date Event Price
Aug 23, 2019 Sold
Premium
Sold
Jul 10, 2019 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $775,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Feb 6, 2015 Sold
Premium
Sold
Sep 24, 2014 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $509,900
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Oct 28, 1996 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,816
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,774
  • Total Building Area: 2,361
  • Gross Building Area: 3,984
  • Building Area: 2,361
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,361
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000270
  • 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: 1010000000
  • Parcel: READ M:021.0-0000-0397.0
  • Municipality: READING
  • Latitude: 42.5285
  • Longitude: -71.1088

    Address

  • Full Address: 115 Lowell St
  • Address - House Number: 115
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C003
  • 4-Digit Zip Code: 2115
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,026,100

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 973,998
  • High Value: 1,145,428
  • Low Value: 802,567

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $875,500
  • Assessed Land Value: $385,100
  • Assessed Improvements Value: $490,400

    Sales

  • Current Sale Contract Date: Jul 19, 2019
  • Current Sale Recording Date: Aug 23, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 126112
  • Previous Sale Recording Date: Feb 06, 2015
  • Previous Sale Amount: $497,000
  • 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

$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 months ago
Data Source: MLS PIN, MLS# 72532238

Frequently Asked Questions

When was property at 115 Lowell Street built and last sold?
The property at 115 Lowell Street was built in 1959 and last sold on Jul 19, 2019 for $787,500.
How much is this home worth?
The estimated value of the home located at 115 Lowell Street is $792,407.
What are some comparable homes to 115 Lowell Street?
There are currently no comparable homes to 115 Lowell Street.
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