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Reading 01867
1252 Main St
$409,900
● House - Off Market

1252 Main St

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,377 Ft²
$528,448
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

Charming Cape nestled back off the street and perfect for those seeking a private back yard but close proximity to all that Reading has to offer!  Centrally located between Routes 93 and 95 with the commuter rail within a 5 minute drive.  Cathedral ceilings and sliders in the kitchen provide amazing natural light and all day sun!  Large open concept living and dining room perfect for entertaining.  First floor master bedroom was removed to make a family room - however the Seller will credit the Buyer $5k credit at closing to remodel.  House will not qualify for FHA/VA financing.  Second floor ceilings are lower than standard.  This is the house that will gain equity quickly nestled next door to a new subdivision with million dollar homes.
Unit Size
1,377 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$298
Property Type
House
Property Taxes
$501
HOA Dues
-
Year Built
1949

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72685032)

Price History

Date / Event Date Event Price
Oct 23, 2020 Sold
Premium
Sold
Jul 5, 2020 Listed by Fitzgerald & Associates $409,900
Listed by Fitzgerald & Associates
Dec 27, 1979 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • 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: 2
  • Basement Area: 871
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,535
  • Total Building Area: 1,377
  • Gross Building Area: 3,399
  • Building Area: 1,377
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,377
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000380
  • 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: 2100000000
  • Parcel: READ M:045.0-0000-0103.0
  • Municipality: READING
  • Latitude: 42.5502
  • Longitude: -71.1049

    Address

  • Full Address: 1252 Main St
  • Address - House Number: 1252
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C018
  • 4-Digit Zip Code: 1111
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $690,400

    Appraisal Valuation

  • Standard Deviation: 0.1857
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 626,817
  • High Value: 743,225
  • Low Value: 510,409

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $589,100
  • Assessed Land Value: $394,400
  • Assessed Improvements Value: $194,700

    Sales

  • Current Sale Contract Date: Oct 23, 2020
  • Current Sale Recording Date: Oct 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 195129
  • Previous Sale Recording Date: Dec 27, 1979
  • Previous Sale Amount: $52,900
  • 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:

$869,900

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

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, 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# 72685032

Frequently Asked Questions

When was property at 1252 Main Street built and last sold?
The property at 1252 Main Street was built in 1949 and last sold on Oct 23, 2020 for $409,900.
How much is this home worth?
The estimated value of the home located at 1252 Main Street is $428,166.
What are some comparable homes to 1252 Main Street?
There are currently no comparable homes to 1252 Main Street.
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