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Reading 01867
28 Mount Vernon Street
$585,000
● House - Off Market

28 Mount Vernon Street

Reading, MA 01867
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,911 Ft²
$728,061
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model

About This Property

Commuters dream ! Lovingly maintained  spacious Federal style home with character and detail. Featuring large rooms, high ceilings, over sized windows, beautiful maple & wide pine floors and low maintenance vinyl siding.The first floor features a foyer, living room, dining room with a china cabinet and an eat in kitchen with access to a nice side porch. The second floor offers 4 good sized bedrooms, a full bath and a second floor foyer. This property location has much to offer ~ close to down town, commuter rail, library and highways. Approximate age of u[dates: Front steps May 2020 ~ Direct vent heating system 7 years~ Hot water tank 10 years ~ Vinyl siding, Harvey replacement windows and Rubber roof completed during sellers ownership
Unit Size
1,911 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$283
Property Type
House
Property Taxes
$618
HOA Dues
-
Year Built
1890

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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 #72660343)

Price History

Date / Event Date Event Price
Jul 15, 2020 Sold
Premium
Sold
May 22, 2020 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $539,900
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Jun 29, 1988 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 810
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,654
  • Total Building Area: 1,911
  • Gross Building Area: 2,648
  • Building Area: 1,911
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,911
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000130
  • 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: 334200

Zoning

  • Zoning: S15

Geography

  • Account Number: 740000000
  • Parcel: READ M:021.0-0000-0151.0
  • Municipality: READING
  • Latitude: 42.5243
  • Longitude: -71.1075

    Address

  • Full Address: 28 Mount Vernon St
  • Address - House Number: 28
  • Address - Street Name: Mount Vernon
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C003
  • 4-Digit Zip Code: 2535
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $840,600

    Appraisal Valuation

  • Standard Deviation: 0.2175
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 808,041
  • High Value: 983,854
  • Low Value: 632,229

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $717,200
  • Assessed Land Value: $425,200
  • Assessed Improvements Value: $292,000

    Sales

  • Current Sale Contract Date: Jul 10, 2020
  • Current Sale Recording Date: Jul 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 114561
  • Previous Sale Recording Date: Jun 29, 1988
  • Previous Sale Amount: $166,000
  • 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:

$865,000

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2107 ft²

Average Home Age

60.3 years

Currently For Sale

42 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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72660343

Frequently Asked Questions

When was property at 28 Mt Vernon Street built and last sold?
The property at 28 Mt Vernon Street was built in 1890 and last sold on Jul 10, 2020 for $585,000.
How much is this home worth?
The estimated value of the home located at 28 Mt Vernon Street is $565,130.
What are some comparable homes to 28 Mt Vernon Street?
There are currently no comparable homes to 28 Mt Vernon Street.
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