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Reading 01867
164 South St
$499,900
● House - Off Market

164 South St

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,265 Ft²
$783,027
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model

About This Property

WOW! Welcome home! Spectacular renovated home on a HUGE corner lot located in one of Reading's finest neighborhoods. Gorgeous updated kitchen includes brand new high end cabinets with soft close doors, all new stainless steel appliances, and brand new granite countertops. Enjoy beautiful shiny refinished floors and efficient LED recessed lights throughout the home.  The driveway was paved just a few months ago and offers plenty of space for parking.  Don't forget: one car garage, updated replacement windows, and newer heating system, siding, and roof. Brand new french drain system just installed in the basement.  Convenient West End location just a few minutes away from major highways I-95 and I-93.  Nothing left to do here other than move right in! Don't miss out on this one!
Unit Size
1,265 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$395
Property Type
House
Property Taxes
$543
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: 5 months ago (MLSPIN #72134462)

Price History

Date / Event Date Event Price
Jun 21, 2017 Sold
Premium
Sold
Mar 22, 2017 Listed by Impact Realty, LLC $499,900
Listed by Impact Realty, LLC
Nov 4, 2016 Sold
Premium
Sold
Sep 27, 2016 Listed by Impact Realty, LLC $399,900
Listed by Impact Realty, LLC

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,265
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,398
  • Total Building Area: 1,898
  • Gross Building Area: 3,086
  • Building Area: 1,898
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,898
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000353
  • 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: 334100

Zoning

  • Zoning: S20

Geography

  • Account Number: 80000000
  • Parcel: READ M:003.0-0000-0056.0
  • Municipality: READING
  • Latitude: 42.505
  • Longitude: -71.1174

    Address

  • Full Address: 164 South St
  • Address - House Number: 164
  • Address - Street Name: South
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C017
  • 4-Digit Zip Code: 3933
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $904,300

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 831,163
  • High Value: 977,066
  • Low Value: 685,261

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $771,600
  • Assessed Land Value: $482,500
  • Assessed Improvements Value: $289,100

    Sales

  • Current Sale Recording Date: Jun 21, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 94386
  • Previous Sale Recording Date: Nov 04, 2016
  • Previous Sale Amount: $385,000
  • 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:

$879,000

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2243 ft²

Average Home Age

54 years

Currently For Sale

28 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 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72134462

Frequently Asked Questions

When was property at 164 South Street built and last sold?
The property at 164 South Street was built in 1951 and last sold on Jan 1, 1970 for $499,900.
How much is this home worth?
The estimated value of the home located at 164 South Street is $506,453.
What are some comparable homes to 164 South Street?
There are currently no comparable homes to 164 South Street.
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