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Reading 01867
249 Lowell Street
Photo of 249 Lowell Street
Sold on Jul 26, 2010

1

Map

$405,000
● House - Off Market

249 Lowell Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,692 Ft²
$858,249
RealtyHop Estimate
102.18%
Since Aug 1, 2010
MA-Boston
Primary Model

About This Property

Not Your Average Cape!!  Extraordinarily spacious with an open floor plan.  Home is located close to schools, library, commuter rail and downtown shopping.  This lovely Cape features Fireplaced Living Room, Dining Room with French Doors to Kitchen, Hardwood Floors, First Floor Office/Den, 3 generous sized Bedrooms, 2 Full Baths, Large fenced-in-yard with Brick patio, Newer windows, oil tank, water heater, exterior stairs, walkways and more. DON'T MISS THIS ONE!!
Unit Size
1,692 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$251
Property Type
House
Property Taxes
$394
HOA Dues
-
Year Built
1952

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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: 2 years ago (MLSPIN #71080178)

Price History

Date / Event Date Event Price
Jul 26, 2010 Sold
Premium
Sold
May 13, 2010 Listed $424,500
Listed
Mar 21, 2002 Sold
Premium
Sold
Oct 18, 2001 Listed $329,900
Listed
Aug 23, 1996 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,148
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,219
  • Total Building Area: 2,036
  • Gross Building Area: 3,384
  • Building Area: 2,036
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,036
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000235
  • 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: 1120000000
  • Parcel: READ M:026.0-0000-0148.0
  • Municipality: READING
  • Latitude: 42.531
  • Longitude: -71.1166

    Address

  • Full Address: 249 Lowell St
  • Address - House Number: 249
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C008
  • 4-Digit Zip Code: 2055
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $832,200

    Appraisal Valuation

  • Standard Deviation: 0.2171
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 809,452
  • High Value: 985,222
  • Low Value: 633,683

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $710,100
  • Assessed Land Value: $400,500
  • Assessed Improvements Value: $309,600

    Sales

  • Current Sale Recording Date: Jul 26, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00121950
  • Previous Sale Recording Date: Mar 21, 2002
  • Previous Sale Amount: $320,000
  • 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:

$849,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2173 ft²

Average Home Age

54 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

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 71080178

Frequently Asked Questions

When was property at 249 Lowell Street built and last sold?
The property at 249 Lowell Street was built in 1952 and last sold on Jan 1, 1970 for $405,000.
How much is this home worth?
The estimated value of the home located at 249 Lowell Street is $0.
What are some comparable homes to 249 Lowell Street?
There are currently no comparable homes to 249 Lowell Street.
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