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Reading 01867
231 Forest Street
Photo of 231 Forest Street
Sold on Aug 17, 2007

1

Map

$360,000
● House - Off Market

231 Forest Street

Reading, MA 01867
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,176 Ft²
$674,878
RealtyHop Estimate
87.52%
Since Sep 1, 2007
MA-Boston
Primary Model

About This Property

Great price reduction!  Ready for occupancy! Charming English tudor cape in Birch Meadow area. Fireplace livingroom,formal diningroom,nice hardwood floors on a large corner lot. Walk up attic for expansion possibilities.   OPEN HOUSE SUNDAY JULY 1, 2007   2:30 P.M. TO 4:00 P.M.
Unit Size
1,176 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$306
Property Type
House
Property Taxes
$378
HOA Dues
-
Year Built
1925

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #70546919)

Price History

Date / Event Date Event Price
Aug 31, 2009 Sold
Premium
Sold
Aug 17, 2007 Sold
Premium
Sold
Mar 26, 2007 Listed $359,900
Listed
May 28, 2004 Sold
Premium
Sold
Mar 1, 2004 Listed by Boardwalk Real Estate $379,900
Listed by Boardwalk Real Estate
Charming English Tudor Cape in Birch Meadow area. F.P. living room,formal din.room have bay windows. Wood floor in kitchen.Parennial garden,nice corner lot. Walking distance to Birch Meadow. Cute room in attic.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1955
  • 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: 2
  • Basement Area: 1,052
  • Garage Type: 0
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,556
  • Total Building Area: 2,511
  • Gross Building Area: 4,641
  • Building Area: 2,511
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,511
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000265
  • 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: 1350000000
  • Parcel: READ M:032.0-0000-0184.0
  • Municipality: READING
  • Latitude: 42.5383
  • Longitude: -71.1181

    Address

  • Full Address: 231 Forest St
  • Address - House Number: 231
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C031
  • 4-Digit Zip Code: 1416
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,093,400

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 997,581
  • High Value: 1,161,705
  • Low Value: 833,456

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $932,900
  • Assessed Land Value: $468,600
  • Assessed Improvements Value: $464,300

    Sales

  • Current Sale Recording Date: Aug 31, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00173439
  • Previous Sale Recording Date: Aug 17, 2007
  • Previous Sale Amount: $360,000
  • 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:

$865,000

Sale Price/ft²

$456

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2135 ft²

Average Home Age

57.1 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70546919

Frequently Asked Questions

When was property at 231 Forest Street built and last sold?
The property at 231 Forest Street was built in 1925 and last sold on Jan 1, 1970 for $330,000.
How much is this home worth?
The estimated value of the home located at 231 Forest Street is $374,472.
What are some comparable homes to 231 Forest Street?
There are currently no comparable homes to 231 Forest Street.
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