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Reading 01867
197 Pearl St
$565,000
● House - Off Market

197 Pearl St

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,942 Ft²
$634,978
RealtyHop Estimate
6.01%
Since Mar 1, 2023
MA-Boston
Primary Model

About This Property

Storybook Craftsman's Style Cape located on a desired Street has great potential! Front to back beamed living room with fireplace and built in book shelves. Updated kitchen with granite counters, hardwood floors and large pantry closet. Formal dining room with built in hutch. Updated half bath with penny tile flooring completes the first floor. A back stairway off the kitchen brings you to a partial finished basement family room and deck over looking a private backyard and town land. Second floor with 3 potential bedrooms and a full bath ready for your renovation ideas! Showings begin immediately. Be in your new home before the new year!
Unit Size
1,942 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$308
Property Type
House
Property Taxes
$612
HOA Dues
-
Year Built
1949

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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 #73059628)

Price History

Date / Event Date Event Price
Feb 9, 2023 Sold
Premium
Sold
Dec 23, 2022 In contract -
In contract
Nov 18, 2022 Listed by Compass $599,000
Listed by Compass
Dec 23, 1970 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 7
  • Basement Area: 672
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,731
  • Total Building Area: 1,559
  • Gross Building Area: 2,148
  • Building Area: 1,559
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,559
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000384
  • 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: 1310000000
  • Parcel: READ M:034.0-0000-0066.0
  • Municipality: READING
  • Latitude: 42.5357
  • Longitude: -71.0993

    Address

  • Full Address: 197 Pearl St
  • Address - House Number: 197
  • Address - Street Name: Pearl
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C015
  • 4-Digit Zip Code: 1733
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $825,300

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 764,819
  • High Value: 890,649
  • Low Value: 638,989

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $704,200
  • Assessed Land Value: $464,800
  • Assessed Improvements Value: $239,400

    Sales

  • Current Sale Contract Date: Feb 09, 2023
  • Current Sale Recording Date: Feb 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14358
  • Previous Sale Recording Date: Nov 20, 2018
  • 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:

$866,500

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2107 ft²

Average Home Age

60.3 years

Currently For Sale

42 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

$3,855 /mo

  • 2 Beds
  • 2 Baths
  • 1,139 ft²
200 Quannapowitt Parkway #B1A-G2B, 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# 73059628

Frequently Asked Questions

When was property at 197 Pearl Street built and last sold?
The property at 197 Pearl Street was built in 1949 and last sold on Feb 9, 2023 for $565,000.
How much is this home worth?
The estimated value of the home located at 197 Pearl Street is $620,730.
What are some comparable homes to 197 Pearl Street?
There are currently no comparable homes to 197 Pearl Street.
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