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Reading 01867
124 Salem Street
$649,900
● House - Off Market

124 Salem Street

Reading, MA 01867
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,263 Ft²
$902,984
RealtyHop Estimate
38.94%
Since Apr 1, 2020
MA-Boston
Primary Model

About This Property

Gorgeous antique colonial in Reading! This 4 Bed/3 Bath home features stunning architectural details and luxurious touches throughout. Hardwood flooring through the living area with original woodwork, fireplace, and an open layout with lots of light. Kitchen has been updated with new appliances including gas range and tons of storage space. Large bedrooms and bathrooms upstairs offer ample storage. Many updates include new windows, closet systems, roof, landscaping, and more. Convenient location near Downtown Reading and commuter rail.
Unit Size
2,263 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$287
Property Type
House
Property Taxes
$637
HOA Dues
-
Year Built
1830

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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 #72614747)

Price History

Date / Event Date Event Price
Mar 18, 2020 Sold
Premium
Sold
Feb 3, 2020 Listed by Berkshire Hathaway HomeServices Warren Residential $649,900
Listed by Berkshire Hathaway HomeServices Warren Residential
Apr 20, 2016 Sold
Premium
Sold
Jan 7, 2016 Listed by Berkshire Hathaway HomeServices Warren Residential $549,900
Listed by Berkshire Hathaway HomeServices Warren Residential
Sep 19, 2013 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1830
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • 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: 240
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,677
  • Total Building Area: 2,263
  • Gross Building Area: 3,202
  • Building Area: 2,263
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,263
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000245
  • 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: 880000000
  • Parcel: READ M:022.0-0000-0275.0
  • Municipality: READING
  • Latitude: 42.5273
  • Longitude: -71.0957

    Address

  • Full Address: 124 Salem St
  • Address - House Number: 124
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C029
  • 4-Digit Zip Code: 2613
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $952,100

    Appraisal Valuation

  • Standard Deviation: 0.2171
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 873,510
  • High Value: 1,063,189
  • Low Value: 683,830

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $812,400
  • Assessed Land Value: $377,200
  • Assessed Improvements Value: $435,200

    Sales

  • Current Sale Contract Date: Mar 10, 2020
  • Current Sale Recording Date: Mar 18, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 40565
  • Previous Sale Recording Date: Apr 20, 2016
  • Previous Sale Amount: $549,900
  • 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:

$866,500

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2069 ft²

Average Home Age

60.3 years

Currently For Sale

41 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

$4,030 /mo

  • 2 Beds
  • 2 Baths
  • 1,116 ft²
200 Quannapowitt Parkway #B7P, 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# 72614747

Frequently Asked Questions

When was property at 124 Salem Street built and last sold?
The property at 124 Salem Street was built in 1830 and last sold on Mar 10, 2020 for $649,900.
How much is this home worth?
The estimated value of the home located at 124 Salem Street is $672,799.
What are some comparable homes to 124 Salem Street?
There are currently no comparable homes to 124 Salem Street.
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