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Reading 01867
116 John Street
$755,000
● House - Off Market

116 John Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,464 Ft²
$682,692
RealtyHop Estimate
-1.04%
Since Oct 1, 2023
MA-Boston
Primary Model

About This Property

This CHARMING MOVE IN READY COLONIAL is located on a BEAUTIFUL CORNER LOT!   This much loved home features Stunning HARDWOOD FLOORS throughout, HIGH CEILINGS, a BRIGHT AND SUNNY LIVING ROOM  and a LARGE DINING ROOM with alcove which connects to a FIRST FLOOR BEDROOM with a large closet. The EAT-IN KITCHEN  has ample counter  space and PANTRY STORAGE.  A HALF BATH off the back hall leads out to a SUNNY MUDROOM/PORCH with access to a professionally LANDSCAPED BACKYARD.  The second floor features a PRIMARY BEDROOM with an OVERSIZED CLOSET, another SPACIOUS BEDROOM, an inviting  STUDY and an UPDATED BATH. Minutes to Reading's VIBRANT DOWNTOWN, restaurants, shops and COMMUTER RAIL! Don't miss your chance to live in one of the MOST SOUGHT AFTER TOWNS just 12 miles north of Boston!
Unit Size
1,464 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$471
Property Type
House
Property Taxes
$640
HOA Dues
-
Year Built
1920

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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 #73146362)

Price History

Date / Event Date Event Price
Sep 27, 2023 Sold
Premium
Sold
Aug 18, 2023 In contract -
In contract
Aug 9, 2023 Listed by William Raveis R.E. & Home Services $689,900
Listed by William Raveis R.E. & Home Services
Jun 30, 2014 Sold
Premium
Sold
May 14, 2014 Listed by William Raveis R.E. & Home Services $399,900
Listed by William Raveis R.E. & Home Services

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 749
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,419
  • Total Building Area: 1,356
  • Gross Building Area: 2,398
  • Building Area: 1,356
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,356
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000124
  • 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: 670000000
  • Parcel: READ M:017.0-0000-0231.0
  • Municipality: READING
  • Latitude: 42.5215
  • Longitude: -71.0967

    Address

  • Full Address: 116 John St
  • Address - House Number: 116
  • Address - Street Name: John
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C005
  • 4-Digit Zip Code: 2743
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $782,200

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 748,079
  • High Value: 879,397
  • Low Value: 616,761

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $667,400
  • Assessed Land Value: $377,200
  • Assessed Improvements Value: $290,200

    Sales

  • Current Sale Contract Date: Sep 27, 2023
  • Current Sale Recording Date: Sep 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 109190
  • Previous Sale Recording Date: Jun 30, 2014
  • Previous Sale Amount: $408,000
  • 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:

$865,000

Sale Price/ft²

$456

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2135 ft²

Average Home Age

57.1 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# 73146362

Frequently Asked Questions

When was property at 116 John Street built and last sold?
The property at 116 John Street was built in 1920 and last sold on Sep 27, 2023 for $755,000.
How much is this home worth?
The estimated value of the home located at 116 John Street is $694,597.
What are some comparable homes to 116 John Street?
There are currently no comparable homes to 116 John Street.
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