$1,025,000
●
House -
Off Market
256 Grove Street
Reading, MA 01867
5 Beds
3 Baths
5,000 Ft²
$1,141,691
RealtyHop Estimate
-0.72%
Since Sep 1, 2023
MA-Boston
Primary Model
About This Property
CUSTOM BUILT - ONE OWNER - IN LAW SUITE- Welcome to 256 Grove
Street, where pride of ownership exudes both inside and out! This
move-in-ready home offers quality craftsmanship, and plenty of flex
space to suit your lifestyle needs. Enter through the
beautiful glassed vestibule which opens to the expansive first
floor creating open-concept living. The oversized family room
boasts a wood-burning fireplace with plenty of seating to watch
"the" game or enjoy a movie with family & friends. White
kitchen cabinets with stainless steel appliances and seated granite
island make entertaining a breeze. Completing the first floor is a
spacious bedroom with ensuite, home office, and cozy sunroom. Head
upstairs to find 4 comfortable bedrooms w/high ceilings, 2 full
baths, and convenient second-floor laundry! Enjoy gardening
in your private greenhouse from the luxury of the wrap-around deck
overlooking acres of serenity and tranquility. BONUS: Wonderful
above-grade in law with private entrance.
Unit Size
5,000 Ft²
Days on Market
-
Land Size
4.86 acres
Price per sqft
$230
Property Type
House
Property Taxes
$1,175
HOA Dues
-
Year Built
1994
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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 months ago (MLSPIN #73107615)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 22, 2023 | Sold | ||
| Sold | |||
| Jun 24, 2023 | In contract | - | |
| In contract | |||
| Jun 7, 2023 | Relisted | $1,150,000 | |
| Relisted | |||
| May 25, 2023 | In contract | - | |
| In contract | |||
| May 4, 2023 | Listed by William Raveis R.E. & Home Services | $1,150,000 | |
| Listed by William Raveis R.E. & Home Services | |||
| | |||
|
CUSTOM BUILT - ONE OWNER - IN LAW SUITE- Welcome to 256 Grove Street, where pride of ownership exudes both inside and out! This move-in-ready home offers quality craftsmanship, and plenty of flex space to suit your lifestyle needs. Enter through the beautiful glassed vestibule which opens to the expansive first floor creating open-concept living. The oversized family room boasts a wood-burning fireplace with plenty of seating to watch “the” game or enjoy a movie with family & friends. White kitchen cabinets with stainless steel appliances and seated granite island make entertaining a breeze. Completing the first floor is a spacious bedroom with ensuite, home office, and cozy sunroom. Head upstairs to find 4 comfortable bedrooms w/high ceilings, 2 full baths, and convenient second-floor laundry! Enjoy gardening in your private greenhouse from the luxury of the wrap-around deck overlooking acres of serenity and tranquility. BONUS: Wonderful above-grade in law with private entrance.
| |||
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Property Highlights
Parking Available
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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