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$116,250
● Condo - Off Market

237 Main #A8237

Reading, MA
bedrooms
2 Beds
bathrooms
1 Bath
square feet
772 Ft²
$378,415
RealtyHop Estimate
202.97%
Since Apr 1, 2000
National-US
Primary Model

About This Property

PRIVATE 2ND FLOOR CORNER REAR UNIT OVERLOOKING THE COURTYARD CONDO FEE IS $174 PER MONTH AND INCLUDES HEAT, HOT WATER, MAINTENANCE AND INSURANCE.  WALKING DISTANCE TO CENTER AND TRAIN. CLOSE TO MAJOR HIGHWAYS.
Unit Size
772 Ft²
Days on Market
-
Land Size
-
Price per sqft
$162
Property Type
Condo
Property Taxes
$84
HOA Dues
$174
Year Built
-

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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 years ago (MLSPIN #30380668)

Price History

Date / Event Date Event Price
Mar 31, 2000 Sold
Premium
Sold
Jan 23, 2000 Listed by Coldwell Banker Realty - Chelmsford $124,900
Listed by Coldwell Banker Realty - Chelmsford

Property Highlights

Air Conditioning
Parking Available
Interior Details
Level: Second
Width: 8
Length: 8
Area: 64
Level: Second
Features: Flooring - Wall to Wall Carpet
Width: 10
Length: 10
Area: 100
Width: 8
Features: Flooring - Wall to Wall Carpet
Length: 12
Level: Second
Area: 96
Features: Bathroom - Full
Level: Second
Length: 17
Level: Second
Area: 204
Features: Flooring - Wall to Wall Carpet
Width: 12
Features: Flooring - Wall to Wall Carpet
Level: Second
Length: 13
Width: 12
Area: 156
Features: No
Full Bathrooms: 1
Appliances: Range, Dishwasher, Microwave, Gas Water Heater, Utility Connections for Gas Oven
Flooring Type: Carpet
Rooms: 4
Basement: N
Parking Details
Parking Features: Off Street
Exterior Details
Entry Level: 2
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Belmont Arms
Structure Type: Garden
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Brick
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: COMM
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Map Number: 27A
Tax Assessed Value: $68,000
Tax Annual Amount: $1,006
Utilities Details
Utilities: for Gas Oven
Cooling Type: Wall Unit(s)
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Security, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Hot Water, Laundry, Elevator(s), Storage
HOA Fee: $174
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Golf, Medical Facility, Laundromat
Complex is Completed

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30380668
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