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Reading 01867
203 Forest St
$895,000
● House - Off Market

203 Forest St

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,956 Ft²
$892,817
RealtyHop Estimate
-0.79%
Since Nov 1, 2023
MA-Boston
Primary Model

About This Property

Charming,newly renovated with Swimming Pool and 1 car garage, Large yard for your enjoyment. 4 Bedroom, 2 Bath Colonial with Inground Pool. Updated kitchen has granite counters and stainless steel appliances. Fireplaced Living room with hardwood floors. First floor bedroom or could be home office. Convenient to major routes. Less than 20 miles from Boston. Reading is a great place to live. Come take a look.     Open House Saturday and Sunday 11AM to 1PM Or schedule appointmentOffers will be replied to answered as they are received. Offers will not be help to a deadline.
Unit Size
1,956 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$460
Property Type
House
Property Taxes
$733
HOA Dues
-
Year Built
1925

Payment Calculator

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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 #73140088)

Price History

Date / Event Date Event Price
Oct 17, 2023 Sold
Premium
Sold
Aug 19, 2023 In contract -
In contract
Jul 24, 2023 Listed by RE/MAX Renaissance Inc. $899,900
Listed by RE/MAX Renaissance Inc.
Feb 22, 2023 Sold
Premium
Sold
Jul 22, 1985 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 972
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 15,956
  • Total Building Area: 1,956
  • Gross Building Area: 2,956
  • Building Area: 1,956
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,956
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: READING
  • Land Acres: 0000000366
  • 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: 1370000000
  • Parcel: READ M:032.0-0000-0258.0
  • Municipality: READING
  • Latitude: 42.539
  • Longitude: -71.1166

    Address

  • Full Address: 203 Forest St
  • Address - House Number: 203
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C013
  • 4-Digit Zip Code: 1401
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $905,400

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 850,753
  • High Value: 999,935
  • Low Value: 701,571

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $772,500
  • Assessed Land Value: $484,600
  • Assessed Improvements Value: $287,900

    Sales

  • Current Sale Contract Date: Oct 17, 2023
  • Current Sale Recording Date: Oct 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 117564
  • Previous Sale Recording Date: Feb 22, 2023
  • Previous Sale Contract Date: Feb 13, 2023
  • Previous Sale Amount: $540,000
  • 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

$456

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73140088

Frequently Asked Questions

When was property at 203 Forest Street built and last sold?
The property at 203 Forest Street was built in 1925 and last sold on Oct 17, 2023 for $895,000.
How much is this home worth?
The estimated value of the home located at 203 Forest Street is $909,298.
What are some comparable homes to 203 Forest Street?
There are currently no comparable homes to 203 Forest Street.
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