$293,000
●
Condo -
Off Market
237 Main Street #A8
Reading, MA 01867
2 Beds
1 Bath
772 Ft²
$306,576
RealtyHop Estimate
13.59%
Since Oct 1, 2021
MA-Boston
Primary Model
About This Property
Conveniently located Belmont Arms corner unit condominium is
located just minutes to everything. Bright and open living and
dining area just off a well designed kitchen featuring stainless
steel appliances including wall mounted microwave over a gas range,
dishwasher and plenty of cabinet and counter space. Two generous
bedrooms with spacious closets and one full bath with tiled
tub/shower. This unit is well situated toward the rear of the
building and even has a parking space just outside the door. Close
to shopping, dining, routes 95 & 93 and a commuter rail station
nearby, Unit A8 is the smart choice for anyone wanting to take
advantage of all that Reading has to offer! Easy to show and quick
closing possible.
Unit Size
772 Ft²
Days on Market
-
Land Size
-
Price per sqft
$350
Property Type
Condo
Property Taxes
$265
HOA Dues
$337
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: 5 years ago (MLSPIN #72868549)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 2, 2021 | Sold | ||
| Sold | |||
| Jul 20, 2021 | Listed by RE/MAX Platinum | $269,900 | |
| Listed by RE/MAX Platinum | |||
| Oct 24, 2005 | Sold | ||
| Sold | |||
| Sep 2, 2005 | Listed | $199,900 | |
| Listed | |||
 | |||
|
This Belmont Arms unit is in good condition! Perfect for the 1st time buyer or retiree. Spacious 2nd floor rear corner unit, overlooking the courtyard. Updated oak kitchen, cable ready in BR & LR, wired for sound in the LR. Extra window ac, refrigerator and vertical blinds included. Monthly condo fee of $215.00 includes heat, hot water, maintenance, insurance. Convenient assigned parking spot (#2) close to back entry. Close to center, train, and highway access to Rt. 95 & 93.
| |||
| Sep 1, 2005 | Sold | ||
| Sold | |||
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: Second
Features: Flooring - Vinyl, Stainless Steel Appliances, Lighting - Overhead
Level: Second
Features: Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet, Cable Hookup
Features: Flooring - Wall to Wall Carpet, Lighting - Overhead
Level: Second
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower
Level: Second
Features: Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet, Cable Hookup
Level: Second
Level: Second
Features: Ceiling Fan(s), Flooring - Wall to Wall Carpet, Cable Hookup
Features: No
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator, Utility Connections for Gas Range, Utility Connections for Gas Oven
Flooring Type: Vinyl, Carpet
Laundry Features: First Floor, Common Area, In Building
Rooms: 4
Basement: N
Parking Details
Parking Features: Off Street, Assigned, Paved
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Belmont Arms
Structure Type: Low-Rise
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Brick
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: A40 S15
Parcel Number: 731638
Water Source: Public
Financial Details
Tax Assessed Value: $230,400
Tax Annual Amount: $3,182
Utilities Details
Utilities: for Gas Range, for Gas Oven
Cooling Type: Wall Unit(s)
Heating Type: Common
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Gas, Water, Sewer, Insurance, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Hot Water
Association Fee Frequency: Monthly
HOA Fee: $337
Community Features: Public Transportation, Shopping, Park, Golf, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
Management: Professional - Off Site
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/07/2025
|
2 Bed
|
1 Bath
|
760 ft²
|
$349,000
2 Bed
1 Bath
760 ft²
|
$374,000
+7.16%
11/19/2025
|
Kyle Chen
eXp Realty
| |
|
07/24/2023
|
2 Bed
|
1 Bath
|
761 ft²
|
$282,500
2 Bed
1 Bath
761 ft²
|
$335,000
+18.58%
08/30/2023
|
Catherine Marrone
Integrity Residential Brokerage LLC
| |
|
06/07/2022
|
2 Bed
|
1 Bath
|
772 ft²
|
$299,900
2 Bed
1 Bath
772 ft²
|
$299,900
07/25/2022
|
Lucelia Pimenta Azevedo
Simple Key Realty Inc.
| |
|
07/20/2021
|
2 Bed
|
1 Bath
|
772 ft²
|
$269,900
2 Bed
1 Bath
772 ft²
|
$293,000
+8.56%
09/02/2021
|
Aldo Masciave
RE/MAX Platinum
| |
|
03/04/2020
|
2 Bed
|
1 Bath
|
760 ft²
|
$239,500
2 Bed
1 Bath
760 ft²
|
$244,000
+1.88%
05/06/2020
|
Steven Macdonald
Coldwell Banker Realty - Lynnfield
| |
|
11/15/2017
|
2 Bed
|
1 Bath
|
772 ft²
|
$195,000
2 Bed
1 Bath
772 ft²
|
$182,000
-6.67%
12/20/2017
|
Donna Shay
Coldwell Banker Realty - Andover
| |
|
07/30/2017
| |
Studio
|
-
|
435 ft²
|
-
Studio
-
435 ft²
|
-
-
|
-
|
|
07/26/2017
|
Studio
|
1 Bath
|
435 ft²
|
$129,900
Studio
1 Bath
435 ft²
|
$135,100
+4.00%
09/18/2017
|
Gatteny/Porreca Realty Group
Keller Williams Realty
| |
|
12/06/2010
|
1 Bed
|
1 Bath
|
763 ft²
|
$119,900
1 Bed
1 Bath
763 ft²
|
$121,000
+0.92%
12/30/2010
|
Deborah Caniff
Coldwell Banker Realty - Lynnfield
| |
|
09/15/2009
|
2 Bed
|
1 Bath
|
761 ft²
|
$169,900
2 Bed
1 Bath
761 ft²
|
$165,000
-2.88%
11/13/2009
|
Chuha & Scouten Team
Leading Edge Real Estate
| |
|
09/02/2005
|
2 Bed
|
1 Bath
|
772 ft²
|
$199,900
2 Bed
1 Bath
772 ft²
|
$195,000
-2.45%
10/24/2005
|
Janet Gilbert - Moebius
| |
|
03/17/2005
|
2 Bed
|
1 Bath
|
772 ft²
|
$189,900
2 Bed
1 Bath
772 ft²
|
$189,900
06/29/2005
|
Roberto Grieco
Veri Realty Inc.
| |
|
09/02/2003
|
2 Bed
|
1 Bath
|
772 ft²
|
$179,900
2 Bed
1 Bath
772 ft²
|
$183,000
+1.72%
12/11/2003
|
Janet Gilbert - Moebius
Boardwalk Real Estate
| |
|
06/05/2002
|
Studio
|
1 Bath
|
435 ft²
|
$109,900
Studio
1 Bath
435 ft²
|
$106,000
-3.55%
07/12/2002
|
Stephen Chuha
Re/max Top Achievers, Inc.
| |
|
03/11/2002
|
2 Bed
|
1 Bath
|
772 ft²
|
$179,900
2 Bed
1 Bath
772 ft²
|
$175,000
-2.72%
08/29/2002
|
Elaine Bradley
E. B. Properties
| |
|
06/06/2000
|
2 Bed
|
1 Bath
|
772 ft²
|
$129,900
2 Bed
1 Bath
772 ft²
|
$123,000
-5.31%
08/25/2000
|
Priscilla Fitzgerald
Fitzgerald & Associates
| |
|
05/24/1999
|
3 Bed
|
1 Bath
|
763 ft²
|
$89,900
3 Bed
1 Bath
763 ft²
|
$80,000
-11.01%
07/30/1999
|
Barbara Lenox
Dagnese & Strout Real Estate
|
Building Info
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Address: 335 Madison Avenue, New York, NY 10017