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Reading 01867
23 Locust Street
$601,000
● House - Off Market

23 Locust Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,344 Ft²
$829,632
RealtyHop Estimate
43.06%
Since Sep 1, 2019
MA-Boston
Primary Model

About This Property

Welcome Home to this lovely renovated Colonial! Great bones in this charming 3 bedroom, 1 ½ bath home with hardwood floors, new 200 amp electrical service, plumbing, including a high efficiency hot water system, heating system and central air.  Kitchen, living room, dining room, laundry & ½ bath all on the first floor! Eat breakfast at the beautiful 7 ft. island in kitchen or take your dining outside to the brand new composite deck overlooking spacious  backyard. Oversized lot w/expansion possibilities, close to downtown and located in sought after Birch Meadow School district! Come make an offer and make this home your own!
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$431
Property Type
House
Property Taxes
$583
HOA Dues
-
Year Built
1900

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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 #72528011)

Price History

Date / Event Date Event Price
Aug 27, 2019 Sold
Premium
Sold
Jul 10, 2019 Listed by LAER Realty Partners $579,900
Listed by LAER Realty Partners
Nov 26, 2018 Sold
Premium
Sold
Oct 16, 2018 Listed by LAER Realty Partners $389,000
Listed by LAER Realty Partners

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 668
  • Garage Type: 0
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,027
  • Total Building Area: 1,344
  • Gross Building Area: 2,622
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000437
  • 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: 1030000000
  • Parcel: READ M:027.0-0000-0218.0
  • Municipality: READING
  • Latitude: 42.5304
  • Longitude: -71.1049

    Address

  • Full Address: 23 Locust St
  • Address - House Number: 23
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C009
  • 4-Digit Zip Code: 2154
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $818,500

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 778,334
  • High Value: 914,818
  • Low Value: 641,851

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $698,400
  • Assessed Land Value: $471,300
  • Assessed Improvements Value: $227,100

    Sales

  • Current Sale Contract Date: Aug 27, 2019
  • Current Sale Recording Date: Aug 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 128295
  • Previous Sale Recording Date: Nov 26, 2018
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: 35
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:

$865,000

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2129 ft²

Average Home Age

56.3 years

Currently For Sale

40 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

$2,555 /mo

  • 1 Bed
  • 1 Bath
  • 722 ft²
200 Quannapowitt Parkway #A1-G2, 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# 72528011

Frequently Asked Questions

When was property at 23 Locust Street built and last sold?
The property at 23 Locust Street was built in 1900 and last sold on Aug 27, 2019 for $601,000.
How much is this home worth?
The estimated value of the home located at 23 Locust Street is $583,093.
What are some comparable homes to 23 Locust Street?
There are currently no comparable homes to 23 Locust Street.
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