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Reading 01867
259 Forest Street
$560,000
● House - Off Market

259 Forest Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,523 Ft²
$829,706
RealtyHop Estimate
43.08%
Since Oct 1, 2019
MA-Boston
Primary Model

About This Property

This move in ready home has been recently remodeled, including all new bathrooms, new appliances, new refinished basement, hardwood flooring and central air throughout. This stunning single story 3 bedroom house with a new finished basement is on a large corner lot in a family oriented neighborhood. From the brand new open-concept kitchen and living space to the large shaded backyard, there is plenty of room for the whole family to enjoy. Walking distance to schools and parks. This home is sure to go FAST!
Unit Size
1,523 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$381
Property Type
House
Property Taxes
$559
HOA Dues
-
Year Built
1957

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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 months ago (MLSPIN #72545905)

Price History

Date / Event Date Event Price
Sep 20, 2019 Sold
Premium
Sold
Aug 6, 2019 Listed by www.EntryOnly.com $579,900
Listed by www.EntryOnly.com
Apr 9, 2019 Sold
Premium
Sold
Feb 21, 2019 Listed by www.EntryOnly.com $429,900
Listed by www.EntryOnly.com

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1972
  • 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: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 833
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,502
  • Total Building Area: 1,573
  • Gross Building Area: 2,347
  • Building Area: 1,573
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,573
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000241
  • 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: 1350000000
  • Parcel: READ M:032.0-0000-0189.0
  • Municipality: READING
  • Latitude: 42.5375
  • Longitude: -71.1195

    Address

  • Full Address: 259 Forest St
  • Address - House Number: 259
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C031
  • 4-Digit Zip Code: 1417
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $867,500

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 800,861
  • High Value: 932,621
  • Low Value: 669,102

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $740,200
  • Assessed Land Value: $464,800
  • Assessed Improvements Value: $275,400

    Sales

  • Current Sale Contract Date: Sep 16, 2019
  • Current Sale Recording Date: Sep 20, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 143142
  • Previous Sale Recording Date: Apr 09, 2019
  • Previous Sale Contract Date: Apr 08, 2019
  • Previous Sale Amount: $421,000
  • Previous Sale Document Type: 54
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72545905

Frequently Asked Questions

When was property at 259 Forest Street built and last sold?
The property at 259 Forest Street was built in 1957 and last sold on Sep 16, 2019 for $560,000.
How much is this home worth?
The estimated value of the home located at 259 Forest Street is $594,742.
What are some comparable homes to 259 Forest Street?
There are currently no comparable homes to 259 Forest Street.
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