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Reading 01867
1437 Main Street
$100,000
● House - Off Market

1437 Main Street

Reading, MA 01867
bedrooms
2 Beds
bathrooms
1 Bath
$534,358
RealtyHop Estimate
365.06%
Since Jul 1, 1994
MA-Boston
Primary Model

About This Property

GREAT FIX UP HOUSE SEWER IN STREET. STOVE NOT INCLUDED. LOVELY YARD, NICE AREA
Unit Size
-
Days on Market
-
Land Size
0.36 acres
Price per sqft
-
Property Type
House
Property Taxes
$182
HOA Dues
-
Year Built
1920

Payment Calculator

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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 years ago (MLSPIN #11049082)

Price History

Date / Event Date Event Price
Jan 27, 1998 Sold
Premium
Sold
Jun 9, 1997 Listed by Fitzgerald & Associates $142,900
Listed by Fitzgerald & Associates
Dec 2, 1994 Sold
Premium
Sold
Jun 29, 1994 Sold
Premium
Sold
Apr 22, 1994 Listed by Fitzgerald & Associates $114,900
Listed by Fitzgerald & Associates

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,064
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,716
  • Total Building Area: 2,195
  • Gross Building Area: 4,051
  • Building Area: 2,195
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,195
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000361
  • 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: 2370000000
  • Parcel: READ M:056.0-0000-0091.0
  • Municipality: READING
  • Latitude: 42.5591
  • Longitude: -71.1059

    Address

  • Full Address: 1437 Main St
  • Address - House Number: 1437
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C012
  • 4-Digit Zip Code: 1139
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $913,000

    Appraisal Valuation

  • Standard Deviation: 0.174
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 875,205
  • High Value: 1,027,494
  • Low Value: 722,917

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $779,000
  • Assessed Land Value: $372,400
  • Assessed Improvements Value: $406,600

    Sales

  • Current Sale Recording Date: Jan 27, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 43
  • Previous Sale Recording Date: Dec 02, 1994
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: 43
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

$456

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2135 ft²

Average Home Age

57.1 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 11049082

Frequently Asked Questions

When was property at 1437 Main Street built and last sold?
The property at 1437 Main Street was built in 1920 and last sold on Jan 1, 1970 for $141,900.
How much is this home worth?
The estimated value of the home located at 1437 Main Street is $0.
What are some comparable homes to 1437 Main Street?
There are currently no comparable homes to 1437 Main Street.
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