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Reading 01867
120 South Street
Photo of 120 South Street
Sold on Jul 15, 2005

1

Map

$520,000
● House - Off Market

120 South Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,294 Ft²
$969,067
RealtyHop Estimate
76.23%
Since Aug 1, 2005
MA-Boston
Primary Model

About This Property

Great 8 room, 2 ½ bath custom built colonial featuring a new ceramic tile eat-in kitchen with granite countertops which leads to a formal dining room, spacious living room, fireplaced family room.  Extra large bedrooms including a master suite with full bath and walk-in closet.  Hardwood floors throughout.  Many updates. This home includes a 2 car attached garage and a Florida room overlooking a large level lot.
Unit Size
2,294 Ft²
Days on Market
-
Land Size
0.86 acres
Price per sqft
$240
Property Type
House
Property Taxes
$501
HOA Dues
-
Year Built
1978

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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 #70158814)

Price History

Date / Event Date Event Price
Jul 18, 2005 Sold
Premium
Sold
Mar 17, 2005 Listed $549,900
Listed
Jun 18, 1999 Sold
Premium
Sold
Jan 29, 1999 Listed $334,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 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: 37,479
  • Total Building Area: 2,186
  • Gross Building Area: 3,747
  • Building Area: 2,186
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,186
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000860
  • 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: 334100

Zoning

  • Zoning: S20

Geography

  • Account Number: 80000000
  • Parcel: READ M:003.0-0000-0077.0
  • Municipality: READING
  • Latitude: 42.5056
  • Longitude: -71.1195

    Address

  • Full Address: 120 South St
  • Address - House Number: 120
  • Address - Street Name: South
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C017
  • 4-Digit Zip Code: 3762
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,152,500

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,008,413
  • High Value: 1,185,242
  • Low Value: 831,585

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $983,400
  • Assessed Land Value: $562,500
  • Assessed Improvements Value: $420,900

    Sales

  • Current Sale Recording Date: Jul 18, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00149856
  • Previous Sale Recording Date: Jun 18, 1999
  • Previous Sale Amount: $324,250
  • 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:

$879,000

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2243 ft²

Average Home Age

54 years

Currently For Sale

28 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70158814

Frequently Asked Questions

When was property at 120 South Street built and last sold?
The property at 120 South Street was built in 1978 and last sold on Jan 1, 1970 for $520,000.
How much is this home worth?
The estimated value of the home located at 120 South Street is $581,393.
What are some comparable homes to 120 South Street?
There are currently no comparable homes to 120 South Street.
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