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Reading 01867
13 Locust
$400,000
● House - Off Market

13 Locust

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,552 Ft²
$804,761
RealtyHop Estimate
106.40%
Since Oct 1, 2012
MA-Boston
Primary Model

About This Property

Charm of yesteryear with the amenities of today!!  Gracious and timeless describe this 3 plus bedroom colonial.  Gleaming hardwood floors, 2 full baths, and updated kitchen make this a comfortable home for anyone to make their own.  Younger heating system, Central Air, windows and more.  Close to Town, Train and schools. Don't delay, easy to show.
Unit Size
1,552 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$251
Property Type
House
Property Taxes
$404
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 #71414151)

Price History

Date / Event Date Event Price
Sep 21, 2012 Sold
Premium
Sold
Jul 25, 2012 Listed by Century 21 North Shore $389,900
Listed by Century 21 North Shore

Property Highlights

Air Conditioning
Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 7
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,934
  • Total Building Area: 1,552
  • Gross Building Area: 2,464
  • Building Area: 1,552
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,552
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000251
  • 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: 1030000000
  • Parcel: READ M:027.0-0000-0230.0
  • Municipality: READING
  • Latitude: 42.5306
  • Longitude: -71.1043

    Address

  • Full Address: 13 Locust St
  • Address - House Number: 13
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C009
  • 4-Digit Zip Code: 2153
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $851,600

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 793,253
  • High Value: 932,352
  • Low Value: 654,154

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $726,600
  • Assessed Land Value: $443,400
  • Assessed Improvements Value: $283,200

    Sales

  • Current Sale Recording Date: Sep 21, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000020
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:

$849,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2197 ft²

Average Home Age

55.6 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

$4,425 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1P, 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# 71414151

Frequently Asked Questions

When was property at 13 Locust Street built and last sold?
The property at 13 Locust Street was built in 1920 and last sold on Jan 1, 1970 for $400,000.
How much is this home worth?
The estimated value of the home located at 13 Locust Street is $410,016.
What are some comparable homes to 13 Locust Street?
There are currently no comparable homes to 13 Locust Street.
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