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Reading 01867
211 Pearl St
$1,010,000
● House - Off Market

211 Pearl St

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,442 Ft²
$972,249
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

Welcome to Reading! This well maintained home has much to be desired! The main level features hardwood floors throughout. An oversized kitchen and living area that is the perfect space for entertaining, including stainless steel appliances, granite countertops, a large island and a gas fireplace. A separate dining room off of the kitchen to host those sit down dinners and an additional living space that can double as a home office or bonus room. Upstairs you will find 3 generous sized bedrooms  with ample closet space and an oversized primary suite that is the perfect retreat! Step out back to the raised patio overlooking the private and quiet conservation land. Attached 2 car garage, brand new carpet, fresh paint and PLENTY of storage. Minutes from all of Readings downtown restaurants and shops!
Unit Size
2,442 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$397
Property Type
House
Property Taxes
$885
HOA Dues
-
Year Built
2003

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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 #73089972)

Price History

Date / Event Date Event Price
Jun 30, 2023 Sold
Premium
Sold
Mar 30, 2023 In contract -
In contract
Mar 22, 2023 Listed by LAER Realty Partners $969,000
Listed by LAER Realty Partners
Dec 30, 2003 Sold
Premium
Sold
Sep 16, 2003 Listed by LAER Realty Partners $589,900
Listed by LAER Realty Partners
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 7
  • Basement Area: 1,125
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,792
  • Total Building Area: 2,442
  • Gross Building Area: 4,067
  • Building Area: 2,442
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,442
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000385
  • 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:034.0-0000-0069.0
  • Municipality: READING
  • Latitude: 42.5363
  • Longitude: -71.0996

    Address

  • Full Address: 211 Pearl St
  • Address - House Number: 211
  • Address - Street Name: Pearl
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C015
  • 4-Digit Zip Code: 1736
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,195,600

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,064,783
  • High Value: 1,251,496
  • Low Value: 878,070

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,020,100
  • Assessed Land Value: $465,100
  • Assessed Improvements Value: $555,000

    Sales

  • Current Sale Contract Date: Jun 30, 2023
  • Current Sale Recording Date: Jun 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 71726
  • Previous Sale Recording Date: Dec 30, 2003
  • Previous Sale Amount: $585,000
  • 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:

$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# 73089972

Frequently Asked Questions

When was property at 211 Pearl Street built and last sold?
The property at 211 Pearl Street was built in 2003 and last sold on Jun 30, 2023 for $1,010,000.
How much is this home worth?
The estimated value of the home located at 211 Pearl Street is $967,278.
What are some comparable homes to 211 Pearl Street?
There are currently no comparable homes to 211 Pearl Street.
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