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Reading 01867
196 Salem St
$469,900
● House - Off Market

196 Salem St

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,894 Ft²
$805,863
RealtyHop Estimate
71.50%
Since Apr 1, 2016
MA-Boston
Primary Model

About This Property

MOVE IN READY! A great commuter location! Everything is brand new and renovated. New cherry kitchen cabinets with granite counter tops and NEW stainless steel appliances. 10 feet vaulted ceiling family room, a beautiful fire-placed living room with hardwood floors throughout the house. Entertain your guest in your lovely dining room with new built in hutch with granite and access onto your new patio that is surrounded by your new fence to give you much privacy. Brand new baths, roof, new windows, paved driveway, new fence, plumbing and newer electrical. This home is much bigger on the inside than it might look.This home is PICTURE PERFECT and seconds to the town center, Goddard school, shopping, and major highways. WELCOME HOME!
Unit Size
1,894 Ft²
Days on Market
-
Land Size
0.82 acres
Price per sqft
$248
Property Type
House
Property Taxes
$415
HOA Dues
-
Year Built
1880

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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: 4 months ago (MLSPIN #71957735)

Price History

Date / Event Date Event Price
Oct 6, 2021 Sold
Premium
Sold
Aug 17, 2021 Listed by Century 21 North Shore $660,000
Listed by Century 21 North Shore
Mar 28, 2016 Sold
Premium
Sold
Feb 10, 2016 Listed by Century 21 North Shore $469,900
Listed by Century 21 North Shore
Jun 5, 2014 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 808
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 35,519
  • Total Building Area: 1,772
  • Gross Building Area: 2,712
  • Building Area: 1,772
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,772
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000815
  • 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:023.0-0000-0088.0
  • Municipality: READING
  • Latitude: 42.5274
  • Longitude: -71.0911

    Address

  • Full Address: 196 Salem St
  • Address - House Number: 196
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C024
  • 4-Digit Zip Code: 2618
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $776,300

    Appraisal Valuation

  • Standard Deviation: 0.2171
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 762,853
  • High Value: 928,504
  • Low Value: 597,202

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $662,400
  • Assessed Land Value: $384,800
  • Assessed Improvements Value: $277,600

    Sales

  • Current Sale Contract Date: Oct 06, 2021
  • Current Sale Recording Date: Oct 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 220882
  • Previous Sale Recording Date: Mar 28, 2016
  • Previous Sale Amount: $469,900
  • 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:

$857,450

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2112 ft²

Average Home Age

58.9 years

Currently For Sale

43 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

$3,120 /mo

  • 1 Bed
  • 1 Bath
  • 843 ft²
200 Quannapowitt Parkway #A5aP, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71957735

Frequently Asked Questions

When was property at 196 Salem Street built and last sold?
The property at 196 Salem Street was built in 1880 and last sold on Oct 6, 2021 for $660,000.
How much is this home worth?
The estimated value of the home located at 196 Salem Street is $662,449.
What are some comparable homes to 196 Salem Street?
There are currently no comparable homes to 196 Salem Street.
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