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Reading 01867
188 Forest Street
Photo of 188 Forest Street
Sold on Apr 29, 2010

1

Map

$467,000
● House - Off Market

188 Forest Street

Reading, MA 01867
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,930 Ft²
$995,452
RealtyHop Estimate
105.29%
Since May 1, 2010
MA-Boston
Primary Model

About This Property

Pride of ownership & a serene setting capture the essence of this 9rm,4bd home! Bordering consv. land; blocks from local schools.1st flr features step-down great room w/gas fireplace, w/w; newly finished hdwood flrs, open-concept fully appl'd kitchen with brand new counters, sink & brkfast bar which opens into dining room; bright, oversized living room finishes 1st lvl. 2nd lvl feat. 4 lg bdrms & newer bath. Finished lower level w/wood stove completes this lovely home; perfect for entertaining!
Unit Size
1,930 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$251
Property Type
House
Property Taxes
$474
HOA Dues
-
Year Built
1975

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71052702)

Price History

Date / Event Date Event Price
Apr 29, 2010 Sold
Premium
Sold
Mar 24, 2010 Listed $484,900
Listed

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,071
  • Total Building Area: 2,167
  • Gross Building Area: 2,970
  • Building Area: 2,167
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,167
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 36257B
  • Land Acres: 0000000231
  • 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: S15

Geography

  • Account Number: 1360000000
  • Parcel: READ M:032.0-0000-0237.0
  • Municipality: READING
  • Latitude: 42.539
  • Longitude: -71.1156

    Address

  • Full Address: 188 Forest St
  • Address - House Number: 188
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C013
  • 4-Digit Zip Code: 1633
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $926,200

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 865,361
  • High Value: 1,017,671
  • Low Value: 713,051

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $790,300
  • Assessed Land Value: $440,100
  • Assessed Improvements Value: $350,200

    Sales

  • Current Sale Recording Date: Apr 29, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00068437
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:

$849,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2197 ft²

Average Home Age

55.6 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

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Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 71052702

Frequently Asked Questions

When was property at 188 Forest Street built and last sold?
The property at 188 Forest Street was built in 1975 and last sold on Jan 1, 1970 for $467,000.
How much is this home worth?
The estimated value of the home located at 188 Forest Street is $0.
What are some comparable homes to 188 Forest Street?
There are currently no comparable homes to 188 Forest Street.
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