$249,900
●
Condo -
Off Market
178 Lowell St #2
Reading, MA 01867
2 Beds
1 Bath,
1
Half Bath
1,283 Ft²
$523,733
RealtyHop Estimate
109.58%
Since Nov 1, 2010
MA-Boston
Primary Model
About This Property
IMMACULATE 2 BEDROOM END UNIT AT "MELODY MILLS CONDOS" Brand
new kitchen with maple cabinets, granite and SS appliances. 2 new
bathrooms w/vessel sinks. New hardwood floors on 1st level and
recently finished basement with Pergo floors. Large living room
with atrium doors to lovely deck overlooking patio and grassy
fenced in yard. 2 deeded parrking spaces. Condo fee is $184.
W/D, refrigerator, picnic table and grill staying as gifts.
Unit Size
1,283 Ft²
Days on Market
-
Land Size
-
Price per sqft
$195
Property Type
Condo
Property Taxes
$279
HOA Dues
$184
Year Built
-
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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: 2 years ago (MLSPIN #71127793)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 8, 2010 | Sold | ||
| Sold | |||
| Aug 25, 2010 | Listed by Century 21 Commonwealth | $249,900 | |
| Listed by Century 21 Commonwealth | |||
| Aug 15, 2005 | Sold | ||
| Sold | |||
| Jun 3, 2005 | Listed by Colonial Manor Realty | $319,900 | |
| Listed by Colonial Manor Realty | |||
| | |||
|
Immaculate 2BR end unit at well-located Melody Mills Condos. Full kitchen opens to sunlit DR, large LR offers new atrium doors to lovely deck, patio and grassy fenced-in yard. Skylight brightens staircase and MBR. Interesting roof lines and "jog" for your desk, in addition to large closet, complete the MBR. LL is beautifully finished with chair rail and lots of storage. This is your best value in townhouse living in Reading!
| |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Deeded
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal
Flooring Type: Wood, Tile, Laminate
Laundry Features: In Basement
Rooms: 5
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 1283
Year Built Source: Public Records
Year Built: 1912
Building Name: Melody Mills Condominiums
Building Area Total: 1283
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Deck
Lot Size Units: Acres
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $243,200
Tax Annual Amount: $3,344
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Baseboard, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Snow Removal
HOA Fee: $184
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 |
|---|---|---|---|---|---|---|---|
|
03/21/2024
|
2 Bed
|
2 Bath
|
1087 ft²
|
$479,900
2 Bed
2 Bath
1087 ft²
|
$510,000
+6.27%
05/06/2024
|
Bobbie Botticelli
Colonial Manor Realty
| |
|
05/09/2023
|
2 Bed
|
2 Bath
|
1277 ft²
|
$449,900
2 Bed
2 Bath
1277 ft²
|
$500,000
+11.14%
07/07/2023
|
Patricia Curley
Century 21 Tradition
| |
|
08/25/2010
|
2 Bed
|
1 Bath
|
1283 ft²
|
$249,900
2 Bed
1 Bath
1283 ft²
|
$249,900
10/08/2010
|
Carol Thibault
Century 21 Commonwealth
| |
|
09/30/2009
|
2 Bed
|
1 Bath
|
1043 ft²
|
$219,900
2 Bed
1 Bath
1043 ft²
|
$208,000
-5.41%
11/23/2009
|
Christopher Cassidy
| |
|
06/03/2005
|
2 Bed
|
1 Bath
|
1283 ft²
|
$319,900
2 Bed
1 Bath
1283 ft²
|
$319,900
08/15/2005
|
Rick Nazzaro
| |
|
10/24/2001
|
2 Bed
|
2 Bath
|
1172 ft²
|
$219,900
2 Bed
2 Bath
1172 ft²
|
$215,000
-2.23%
12/20/2001
|
Melanie Akerblom-Horne
Premier Realty Group, Inc.
|
Building Info
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