$226,000
●
Condo -
Off Market
241 Main St #C1
Reading, MA 01867
1 Bed
1 Bath
654 Ft²
$320,478
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model
About This Property
This adorable, newly updated condo is a commuter's dream! It
offers easy highway access, or walk to the commuter rail and
vibrant downtown Reading. The open concept layout features an
updated kitchen with new stainless steel appliances, new granite
countertops, and new tile backsplash. A roomy bedroom offers
plenty of closet space, with more storage space in the hallway and
attic. The low condo fee includes heat and hot water, and the
unit comes with one parking space conveniently located next to the
entrance door. Whether you're downsizing or just starting
out, you'll love the feel of being able to own and build equity
rather than paying rent. There is nothing to do but move in
and enjoy!
Unit Size
654 Ft²
Days on Market
-
Land Size
-
Price per sqft
$344
Property Type
Condo
Property Taxes
$221
HOA Dues
$266
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: 6 months ago (MLSPIN #72581277)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 27, 2019 | Sold | ||
| Sold | |||
| Oct 17, 2019 | Listed by Lamacchia Realty, Inc. | $225,000 | |
| Listed by Lamacchia Realty, Inc. | |||
| | |||
|
This adorable, newly updated condo is a commuter’s dream! It offers easy highway access, or walk to the commuter rail and vibrant downtown Reading. The open concept layout features an updated kitchen with new stainless steel appliances, new granite countertops, and new tile backsplash. A roomy bedroom offers plenty of closet space, with more storage space in the hallway and attic. The low condo fee includes heat and hot water, and the unit comes with one parking space conveniently located next to the entrance door. Whether you're downsizing or just starting out, you’ll love the feel of being able to own and build equity rather than paying rent. There is nothing to do but move in and enjoy!
| |||
| Mar 31, 2006 | Sold | ||
| Sold | |||
| Dec 10, 2005 | Listed by Keller Williams Realty Evolution | $174,900 | |
| Listed by Keller Williams Realty Evolution | |||
| | |||
|
Belmont Arms Condo: Spacious one bedroom with good closet space, eat-in kitchen with updated appliances, new windows.
| |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Off Street, Deeded
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Refrigerator
Flooring Type: Tile
Rooms: 3
Basement: N
Exterior Details
Has Property Attached
Square Footage: 654
Security Features: Intercom
Year Built Source: Public Records
Year Built: 1969
Building Area Total: 654
Building Area Units: Square Feet
Construction Materials: Frame
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $186,200
Tax Annual Amount: $2,650
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Baseboard, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Heat
HOA/Condo/Coop Amenities: Hot Water, Laundry, Storage
HOA Fee: $266
HOA Fee Frequency: Monthly
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 |
|---|---|---|---|---|---|---|---|
|
02/12/2026
|
2 Bed
|
1 Bath
|
645 ft²
|
$359,000
2 Bed
1 Bath
645 ft²
|
$348,000
-3.06%
05/19/2026
|
Francesca Driscoll
Redfin Corp.
| |
|
11/15/2023
|
1 Bed
|
1 Bath
|
632 ft²
|
$305,000
1 Bed
1 Bath
632 ft²
|
$350,000
+14.75%
01/03/2024
|
The McLaren Team
Compass
| |
|
09/24/2022
|
1 Bed
|
1 Bath
|
-
|
$299,000
1 Bed
1 Bath
|
-
03/21/2023
|
Santana Team
Keller Williams Realty Boston Northwest
| |
|
09/16/2021
|
1 Bed
|
1 Bath
|
632 ft²
|
$279,900
1 Bed
1 Bath
632 ft²
|
$277,000
-1.04%
10/29/2021
|
Michael Joly
Boardwalk Real Estate
| |
|
11/07/2019
|
2 Bed
|
1 Bath
|
645 ft²
|
$249,000
2 Bed
1 Bath
645 ft²
|
$245,000
-1.61%
12/30/2019
|
Edward Fallon
J. Mulkerin Realty
| |
|
10/17/2019
|
1 Bed
|
1 Bath
|
654 ft²
|
$225,000
1 Bed
1 Bath
654 ft²
|
$226,000
+0.44%
11/27/2019
|
Jennifer Hardin
True North Realty
| |
|
07/23/2017
|
2 Bed
|
1 Bath
|
665 ft²
|
$219,900
2 Bed
1 Bath
665 ft²
|
$235,000
+6.87%
09/15/2017
|
John Ross
Village Green Real Estate
| |
|
07/03/2016
|
2 Bed
|
1 Bath
|
640 ft²
|
$194,900
2 Bed
1 Bath
640 ft²
|
$186,000
-4.57%
09/23/2016
|
Edward Fallon
J. Mulkerin Realty
| |
|
10/31/2013
|
2 Bed
|
1 Bath
|
665 ft²
|
$169,900
2 Bed
1 Bath
665 ft²
|
$168,500
-0.82%
11/22/2013
|
Anne Spry
Barrett Sotheby's International Realty
| |
|
08/09/2012
|
2 Bed
|
1 Bath
|
645 ft²
|
$134,900
2 Bed
1 Bath
645 ft²
|
$133,900
-0.74%
12/20/2012
|
EDDIE HOSKINS
HOSKINS REALTY, INC.
| |
|
06/14/2012
|
1 Bed
|
1 Bath
|
632 ft²
|
$164,900
1 Bed
1 Bath
632 ft²
|
$163,000
-1.15%
08/07/2012
|
The Rental Team
Hayden Rowe Properties
| |
|
02/02/2010
|
1 Bed
|
1 Bath
|
632 ft²
|
$99,900
1 Bed
1 Bath
632 ft²
|
$92,000
-7.91%
12/16/2010
|
Richard Witham
Coldwell Banker Residential Brokerage - Haverhill
| |
|
07/16/2007
|
1 Bed
|
1 Bath
|
645 ft²
|
$168,000
1 Bed
1 Bath
645 ft²
|
$163,500
-2.68%
10/11/2007
|
Renee Lombardi
Keller Williams Realty Evolution
| |
|
12/19/2006
|
2 Bed
|
1 Bath
|
654 ft²
|
$179,000
2 Bed
1 Bath
654 ft²
|
$174,500
-2.51%
03/26/2007
|
Carol McDonald
Lamacchia Realty, Inc.
| |
|
12/10/2005
|
1 Bed
|
1 Bath
|
645 ft²
|
$174,900
1 Bed
1 Bath
645 ft²
|
$170,000
-2.80%
03/31/2006
|
Fernando Lamberti
Fernando Lamberti R.E. & Property Management Services
| |
|
12/03/2005
|
2 Bed
|
1 Bath
|
645 ft²
|
$189,900
2 Bed
1 Bath
645 ft²
|
$185,500
-2.32%
03/28/2006
|
Doris Carlson
Fudge Properties
| |
|
07/15/2005
|
1 Bed
|
1 Bath
|
632 ft²
|
$179,900
1 Bed
1 Bath
632 ft²
|
$170,000
-5.50%
01/30/2006
|
Carol M. Kong
RE/MAX Excelsior
| |
|
10/22/2004
|
1 Bed
|
1 Bath
|
632 ft²
|
$182,000
1 Bed
1 Bath
632 ft²
|
$176,000
-3.30%
02/10/2005
|
Mary Anastos
Advancian Realty Inc
| |
|
05/22/2004
|
1 Bed
|
1 Bath
|
654 ft²
|
$172,900
1 Bed
1 Bath
654 ft²
|
$170,000
-1.68%
07/27/2004
|
Robert G. Beane
Boardwalk Real Estate
| |
|
06/27/2002
|
1 Bed
|
1 Bath
|
632 ft²
|
$150,000
1 Bed
1 Bath
632 ft²
|
$140,000
-6.67%
08/15/2002
|
Norma Cohen
Coldwell Banker Residential Brokerage - Andover
| |
|
05/08/1999
|
1 Bed
|
1 Bath
|
654 ft²
|
$92,500
1 Bed
1 Bath
654 ft²
|
$87,000
-5.95%
11/16/1999
|
Dianne Olsen
Brad Hutchinson Real Estate
| |
|
02/22/1996
|
2 Bed
|
1 Bath
|
6450 ft²
|
$69,900
2 Bed
1 Bath
6450 ft²
|
$67,500
-3.43%
11/08/1996
|
Edward S. Ruff
Carlson GMAC Real Estate
|
Building Info
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