$525,000
●
Condo -
Off Market
16 Spring St #B
Reading, MA 01867
2 Beds
2 Baths
1,650 Ft²
$519,468
RealtyHop Estimate
3.91%
Since Apr 1, 2022
MA-Boston
Primary Model
About This Property
This spacious top floor condo in a two unit home is up for sale in
Reading. This is certainly not your typical cookie cutter
condo..... There is a large open, bright and sunny Kitchen
with a large walk in Pantry and Dining area, a very spacious Living
Room, a Master Suite with Full Bath and walk in closet, a Second
Bedroom with a very large closet and another good size room used as
a dedicated Home Office. There are also two Sunrooms and an
additional full bath with a large tiled walk in shower.
Plenty of exclusive parking, tons of storage in the basement
and a large common yard too. In Unit Laundry, gas heat and plenty
of updates throughout the years. All this just a mile to Reading
Center, Lake Quannapowitt, the Commuter Rail Station to Boston and
so much more. Come and enjoy everything this great home and
the beautiful Town of Reading have to offer, including some of the
best schools around.... Easy to show......
Unit Size
1,650 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$303
Property Type
Condo
Property Taxes
$423
HOA Dues
$200
Year Built
-
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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: 5 years ago (MLSPIN #72933814)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 8, 2022 | Sold | ||
| Sold | |||
| Jan 13, 2022 | Listed by Coldwell Banker Realty - Lynnfield | $499,900 | |
| Listed by Coldwell Banker Realty - Lynnfield | |||
| Mar 28, 2019 | Sold | ||
| Sold | |||
| Jan 27, 2019 | Listed by Trinity Real Estate | $389,900 | |
| Listed by Trinity Real Estate | |||
| | |||
|
Introducing 16 SPRING ST. - UNIT B tucked away on a Cozy, spacious lot on a Super Quiet side street in Reading! Enjoy the Luxury of being close to DOWNTOWN, LIBRARY, YMCA, COMMUTER RAIL & LAKE QUANNAPOWITT where walkers & joggers alike enjoy beautiful lake views. Enter through Private 1st floor entrance. This Charming TOP FLOOR Condo provides 5 Room, 2 BRs, 2 Full baths, Office & 1,650 sq ft. The spacious layout flows effortlessly from Large Kitchen w/ Eat-At Island & Dining area through sliding doors to Adorable 3-Season porch off Kitchen w/ IN-UNIT Laundry! Kitchen offers modern OPEN FLOOR PLAN where you can instantly imagine comfortably entertaining family & friends. LR highlights Multiple seating areas & Full bath off LR. 2nd Full Bath w/ MASTER En suite & Walk-In closet. Both bedrooms are good sized. Office is nice bonus. OUTSIDE SPACE a Huge Asset including a large Private Driveway (right side) & a well-maintained, large common yard (left side). Commuter Location. Won't Last!
| |||
| Aug 17, 2015 | Sold | ||
| Sold | |||
Show More
Property Highlights
Parking Available
Interior Details
Level: Second
Width: 24
Length: 10
Features: Dining Area, Pantry, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Remodeled, Slider, Stainless Steel Appliances, Lighting - Pendant
Area: 240
Level: Second
Level: Second
Features: Walk-In Closet(s), Flooring - Wall to Wall Carpet
Width: 13
Length: 11
Area: 143
Features: Recessed Lighting
Features: Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Remodeled, Pedestal Sink
Level: Second
Length: 16
Level: Second
Area: 320
Features: Closet, Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Recessed Lighting
Width: 20
Features: Bathroom - Full, Walk-In Closet(s)
Level: Second
Length: 13
Width: 17
Area: 221
Length: 9
Level: Second
Area: 81
Features: Flooring - Wood
Width: 9
Features: Yes
Full Bathrooms: 2
Interior Features: Closet, Home Office, Sun Room, Foyer
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Electric Water Heater
Flooring Type: Wood, Flooring - Wood, Flooring - Vinyl
Laundry Features: Laundry Closet, Main Level, Walk-in Storage, Closet - Double, Second Floor, In Unit
Rooms: 5
Basement: Y
Parking Details
Parking Features: Off Street, Paved
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Spring Street Cndominium
Structure Type: 2/3 Family
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Enclosed
Lead Paint: Yes
Lot Size Area: 0.23
Lot Size Units: Acres
Lot Size Acres: 0.23
Zoning: res
Parcel Number: M:022.007010283.0, 4836206
Water Source: Public
Financial Details
Tax Assessed Value: $382,700
Tax Annual Amount: $5,078
Utilities Details
Cooling Type: None
Heating Type: Baseboard, Natural Gas, Unit Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance
Association Fee Frequency: Monthly
HOA Fee: $200
Community Features: Public Transportation, Shopping, Park, Highway Access, Public School, T-Station
Pets Allowed: Yes
Complex is Completed
Management: Owner Association
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/13/2022
|
2 Bed
|
2 Bath
|
1650 ft²
|
$499,900
2 Bed
2 Bath
1650 ft²
|
$525,000
+5.02%
03/08/2022
|
Dale Brousseau
Trinity Real Estate
| |
|
01/27/2019
|
2 Bed
|
2 Bath
|
1650 ft²
|
$389,900
2 Bed
2 Bath
1650 ft²
|
$385,000
-1.26%
03/28/2019
|
David Ladner
RE/MAX Andrew Realty Services
| |
|
06/17/2015
|
2 Bed
|
2 Bath
|
1650 ft²
|
$319,900
2 Bed
2 Bath
1650 ft²
|
$325,000
+1.59%
08/17/2015
|
Michael Gordon
Redfin Corp.
| |
|
05/12/2015
|
3 Bed
|
2 Bath
|
1149 ft²
|
$304,900
3 Bed
2 Bath
1149 ft²
|
$309,200
+1.41%
07/17/2015
|
Lorraine Gately
Compass
| |
|
12/16/2010
|
3 Bed
|
2 Bath
|
1149 ft²
|
$259,900
3 Bed
2 Bath
1149 ft²
|
$245,500
-5.54%
02/24/2011
|
Lorraine Gately
Compass
| |
|
01/26/2010
|
3 Bed
|
2 Bath
|
1650 ft²
|
$275,000
3 Bed
2 Bath
1650 ft²
|
$260,000
-5.45%
05/27/2010
|
Michael Tammaro
The Charles Street Garage
| |
|
01/26/2005
| |
6 Bed
|
2 Bath
|
2993 ft²
|
$450,000
6 Bed
2 Bath
2993 ft²
|
$437,500
-2.78%
05/26/2005
|
Valerie Previte
William Raveis R.E. & Home Services
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017