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Reading 01867
128 Grove St
$608,000
● House - Off Market

128 Grove St

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,008 Ft²
$856,957
RealtyHop Estimate
43.06%
Since Sep 1, 2019
MA-Boston
Primary Model

About This Property

Ready to stop renting?  Ready for Reading?!    Located in the Birch Meadow school district, this beautiful home is only minutes from downtown Boston!   This 3+ bedroom, 2 bath home was remodeled in 2016.   Additional improvements include: resurfaced and restored the wood burning fireplace, new central A/C, and custom blinds.  There are hardwood floors, a spacious dining area, and 4th bedroom/office/study.  Gracious galley kitchen with hardwood floors, stone counters, stainless steel appliances, and solid wood cabinets.  The upper level features 3 large bedrooms and a 4-piece bathroom.  The multi-function finished lower level is perfect for toddlers, gamers and home brewers alike.  With hot days of summer just around the corner, invite friends and family over for a refreshing cocktail on your brand new private patio.
Unit Size
2,008 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$298
Property Type
House
Property Taxes
$635
HOA Dues
-
Year Built
1951

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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 #72508220)

Price History

Date / Event Date Event Price
Aug 16, 2019 Sold
Premium
Sold
May 29, 2019 Listed by Keller Williams Realty Boston-Metro | Back Bay $599,000
Listed by Keller Williams Realty Boston-Metro | Back Bay
Sep 30, 2016 Sold
Premium
Sold
Jul 22, 2016 Listed by Keller Williams Realty Boston-Metro | Back Bay $499,999
Listed by Keller Williams Realty Boston-Metro | Back Bay
Jun 30, 2015 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 720
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,252
  • Total Building Area: 2,008
  • Gross Building Area: 2,540
  • Building Area: 2,008
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,008
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000534
  • 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: 1210000000
  • Parcel: READ M:032.0-0000-0053.0
  • Municipality: READING
  • Latitude: 42.5365
  • Longitude: -71.1218

    Address

  • Full Address: 128 Grove St
  • Address - House Number: 128
  • Address - Street Name: Grove
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C031
  • 4-Digit Zip Code: 1420
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $912,300

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 820,072
  • High Value: 947,710
  • Low Value: 692,434

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $778,400
  • Assessed Land Value: $365,500
  • Assessed Improvements Value: $412,900

    Sales

  • Current Sale Contract Date: Aug 07, 2019
  • Current Sale Recording Date: Aug 16, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 122366
  • Previous Sale Recording Date: Sep 30, 2016
  • Previous Sale Amount: $510,000
  • 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

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2129 ft²

Average Home Age

56.3 years

Currently For Sale

40 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72508220

Frequently Asked Questions

When was property at 128 Grove Street built and last sold?
The property at 128 Grove Street was built in 1951 and last sold on Aug 7, 2019 for $608,000.
How much is this home worth?
The estimated value of the home located at 128 Grove Street is $625,774.
What are some comparable homes to 128 Grove Street?
There are currently no comparable homes to 128 Grove Street.
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