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Reading 01867
186 Salem Street
$379,900
● House - Off Market

186 Salem Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,352 Ft²
$665,454
RealtyHop Estimate
75.17%
Since Dec 1, 2015
MA-Boston
Primary Model

About This Property

Charm and period details abound in this traditional colonial with high ceilings, hardwood throughout, gracious living room and dining room with columns and built ins. Eat in kitchen is a good size and has stainless appliances, including a 2 drawer Fisher Paykel dishwasher. Upstairs are 3 bedrooms, plus an office and walk up attic. The enclosed front sunporch has windows on 3 sides and lets in tons of natural light. New composite deck overlooks nice backyard. Vinyl sided exterior and replacement windows on 2nd floor. Great starter home in nice condition, just outside of Reading center and close to Memorial Park with recreational facilities including ice skating and playing fields.
Unit Size
1,352 Ft²
Days on Market
-
Land Size
-
Price per sqft
$281
Property Type
House
Property Taxes
$285
HOA Dues
-
Year Built
1912

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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: 6 months ago (MLSPIN #71906818)

Price History

Date / Event Date Event Price
Nov 27, 2015 Sold
Premium
Sold
Sep 18, 2015 Listed by Coldwell Banker Residential Brokerage - Andover $379,900
Listed by Coldwell Banker Residential Brokerage - Andover
Nov 17, 2000 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1912
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 2
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,912
  • Total Building Area: 1,544
  • Gross Building Area: 2,558
  • Building Area: 1,544
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,544
  • Heating Fuel Type: 6

    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: 334400

Zoning

  • Zoning: S15

Geography

  • Account Number: 900000000
  • Parcel: READ M:023.0-0000-0086.0
  • Municipality: READING
  • Latitude: 42.5274
  • Longitude: -71.0917

    Address

  • Full Address: 186 Salem St
  • Address - House Number: 186
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C024
  • 4-Digit Zip Code: 2670
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $757,100

    Appraisal Valuation

  • Standard Deviation: 0.1803
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 699,666
  • High Value: 825,827
  • Low Value: 573,505

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $646,000
  • Assessed Land Value: $377,900
  • Assessed Improvements Value: $268,100

    Sales

  • Current Sale Recording Date: Nov 27, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 201967
  • Previous Sale Recording Date: Nov 17, 2000
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: 27
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:

$879,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2200 ft²

Average Home Age

52.5 years

Currently For Sale

27 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

$3,115 /mo

  • 1 Bed
  • 1 Bath
  • 893 ft²
200 Quannapowitt Parkway #A6, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71906818

Frequently Asked Questions

When was property at 186 Salem Street built and last sold?
The property at 186 Salem Street was built in 1912 and last sold on Jan 1, 1970 for $379,900.
How much is this home worth?
The estimated value of the home located at 186 Salem Street is $398,590.
What are some comparable homes to 186 Salem Street?
There are currently no comparable homes to 186 Salem Street.
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