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Reading 01867
225 Charles St
$550,000
● House - Off Market

225 Charles St

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,575 Ft²
$1,186,998
RealtyHop Estimate
108.28%
Since Nov 1, 2012
MA-Boston
Primary Model

About This Property

Updated, expanded and remodeled colonial. New gourmet kitchen and dining area addition in 2009. Open floor plan. Kitchen features: Jenn Air cook top and oven, stainless steel appliances, quartz counter tops, maple cabinets, dual sinks, recessed lights and 17 foot custom breakfast bar. Many other 2009 updates include:Two new full baths. New architectural shingle roof. New central air conditioning. New furnace. Second floor laundry. New hot water heater and new masonry front steps installed 2012
Unit Size
2,575 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$221
Property Type
House
Property Taxes
$515
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 #71399447)

Price History

Date / Event Date Event Price
Oct 17, 2012 Sold
Premium
Sold
Jun 20, 2012 Listed by Coldwell Banker Residential Brokerage - Dedham $569,900
Listed by Coldwell Banker Residential Brokerage - Dedham
Feb 27, 2002 Sold
Premium
Sold
Oct 3, 2001 Listed by Coldwell Banker Residential Brokerage - Dedham $424,900
Listed by Coldwell Banker Residential Brokerage - Dedham

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 1,344
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,320
  • Total Building Area: 2,956
  • Gross Building Area: 4,050
  • Building Area: 2,956
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,956
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: READING
  • Land Acres: 0000000352
  • 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: S20

Geography

  • Account Number: 1450000000
  • Parcel: READ M:034.0-0000-0198.0
  • Municipality: READING
  • Latitude: 42.5367
  • Longitude: -71.094

    Address

  • Full Address: 225 Charles St
  • Address - House Number: 225
  • Address - Street Name: Charles
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C016
  • 4-Digit Zip Code: 1827
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,120,000

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,068,952
  • High Value: 1,258,057
  • Low Value: 879,848

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $955,600
  • Assessed Land Value: $460,000
  • Assessed Improvements Value: $495,600

    Sales

  • Current Sale Recording Date: Oct 17, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Feb 27, 2002
  • Previous Sale Amount: $420,000
  • 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:

$849,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2173 ft²

Average Home Age

54 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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$4,425 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1P, 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# 71399447

Frequently Asked Questions

When was property at 225 Charles Street built and last sold?
The property at 225 Charles Street was built in 1949 and last sold on Jan 1, 1970 for $550,000.
How much is this home worth?
The estimated value of the home located at 225 Charles Street is $626,253.
What are some comparable homes to 225 Charles Street?
There are currently no comparable homes to 225 Charles Street.
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