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Reading 01867
255 Grove Street
$338,500
● House - Off Market

255 Grove Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,448 Ft²
$848,991
RealtyHop Estimate
146.16%
Since Dec 1, 2001
MA-Boston
Primary Model

About This Property

ATTRACTIVE CAPE IN MOVE IN CONDITION, HOME IS A PLEASURE TO SHOW ALL ROOMS ARE GOOD SIZES. PLAY ROOM ON FIRST FLOOR. HOME HAS A SCREEN ROOM WITH DECK TO ONE SIDE THE YARD IS LARGE GREAT FOR FAMILY PARTIES SHOWING START O.H. 2-4 10/21/
Unit Size
1,448 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$238
Property Type
House
Property Taxes
$283
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 years ago (MLSPIN #30554092)

Price History

Date / Event Date Event Price
Nov 28, 2001 Sold
Premium
Sold
Oct 20, 2001 Listed by Phyllis Larkin $344,900
Listed by Phyllis Larkin
Apr 29, 1998 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • 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: 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: 804
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,598
  • Total Building Area: 1,745
  • Gross Building Area: 3,016
  • Building Area: 1,745
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,745
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000404
  • 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: 1520000000
  • Parcel: READ M:038.0-0000-0085.0
  • Municipality: READING
  • Latitude: 42.5423
  • Longitude: -71.1256

    Address

  • Full Address: 255 Grove St
  • Address - House Number: 255
  • Address - Street Name: Grove
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C031
  • 4-Digit Zip Code: 1207
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $915,200

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 870,807
  • High Value: 1,023,506
  • Low Value: 718,109

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $780,900
  • Assessed Land Value: $490,500
  • Assessed Improvements Value: $290,400

    Sales

  • Current Sale Recording Date: Nov 28, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 410
  • Previous Sale Recording Date: Apr 29, 1998
  • Previous Sale Amount: $233,500
  • 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

2197 ft²

Average Home Age

55.6 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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30554092

Frequently Asked Questions

When was property at 255 Grove Street built and last sold?
The property at 255 Grove Street was built in 1949 and last sold on Jan 1, 1970 for $338,500.
How much is this home worth?
The estimated value of the home located at 255 Grove Street is $367,344.
What are some comparable homes to 255 Grove Street?
There are currently no comparable homes to 255 Grove Street.
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