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Reading 01867
237 Franklin Street
$800,000
● House - Off Market

237 Franklin Street

Reading, MA 01867
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,630 Ft²
$1,406,299
RealtyHop Estimate
73.62%
Since Sep 1, 2015
MA-Boston
Primary Model

About This Property

"Like New," completely rebuilt from the ground up with an open plan for today's family.  First floor has a new kitchen with walk-in pantry and a family room opening onto a new composite deck and beautiful backyard.  First floor also has dining room, bath and fourth BR/office.  New second floor added, featuring Master Bedroom with walk-in closet and dual vanity master bath.  The new second floor also has two additional bedrooms, a 3rd full bathroom and laundry room.  Hardwood floors throughout as well as new energy efficient heating and AC systems.  The desirable Wood End School is nearby.
Unit Size
2,630 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$308
Property Type
House
Property Taxes
$477
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 #71805754)

Price History

Date / Event Date Event Price
Aug 20, 2015 Sold
Premium
Sold
Mar 24, 2015 Listed by Freeman Realty Associates, Inc $810,000
Listed by Freeman Realty Associates, Inc
Feb 27, 2014 Sold
Premium
Sold
Jan 17, 2014 Listed by Freeman Realty Associates, Inc $369,900
Listed by Freeman Realty Associates, Inc

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 7
  • Basement Area: 840
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,642
  • Total Building Area: 2,426
  • Gross Building Area: 4,658
  • Building Area: 2,426
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,426
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000405
  • 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: S20

Geography

  • Account Number: 2080000000
  • Parcel: READ M:051.0-0000-0036.0
  • Municipality: READING
  • Latitude: 42.553
  • Longitude: -71.1112

    Address

  • Full Address: 237 Franklin St
  • Address - House Number: 237
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C018
  • 4-Digit Zip Code: 1030
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,343,800

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,198,186
  • High Value: 1,410,153
  • Low Value: 986,219

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,146,600
  • Assessed Land Value: $444,600
  • Assessed Improvements Value: $702,000

    Sales

  • Current Sale Recording Date: Aug 20, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 140516
  • Previous Sale Recording Date: Feb 27, 2014
  • Previous Sale Amount: $350,000
  • 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

$3,120 /mo

  • 1 Bed
  • 1 Bath
  • 843 ft²
200 Quannapowitt Parkway #A5aP, 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# 71805754

Frequently Asked Questions

When was property at 237 Franklin Street built and last sold?
The property at 237 Franklin Street was built in 1949 and last sold on Jan 1, 1970 for $800,000.
How much is this home worth?
The estimated value of the home located at 237 Franklin Street is $834,559.
What are some comparable homes to 237 Franklin Street?
There are currently no comparable homes to 237 Franklin Street.
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