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Reading 01867
283 Forest St
$415,000
● House - Off Market

283 Forest St

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,128 Ft²
$926,631
RealtyHop Estimate
115.55%
Since Dec 1, 2011
MA-Boston
Primary Model

About This Property

Spacious 8 room, 4 bedrm, 2.5 bath  colonial with fp, hardwood,  granite & 2c gar plus priv backyard, all set in convenient location, handy to I-93 and trains.
Unit Size
2,128 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$202
Property Type
House
Property Taxes
$547
HOA Dues
-
Year Built
1996

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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: 5 months ago (MLSPIN #71246745)

Price History

Date / Event Date Event Price
Nov 10, 2011 Sold
Premium
Sold
Jun 10, 2011 Listed by Century 21 Spindler & O'Neil Associates $429,900
Listed by Century 21 Spindler & O'Neil Associates
Aug 1, 2005 Sold
Premium
Sold
Apr 29, 2005 Listed by Century 21 Spindler & O'Neil Associates $549,900
Listed by Century 21 Spindler & O'Neil Associates

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 6
  • Basement Area: 1,064
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,311
  • Total Building Area: 2,128
  • Gross Building Area: 3,336
  • Building Area: 2,128
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,128
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000351
  • 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:032.0-0000-0192.0
  • Municipality: READING
  • Latitude: 42.5369
  • Longitude: -71.1209

    Address

  • Full Address: 283 Forest St
  • Address - House Number: 283
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C031
  • 4-Digit Zip Code: 1418
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,038,600

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 908,074
  • High Value: 1,067,308
  • Low Value: 748,841

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $886,200
  • Assessed Land Value: $482,200
  • Assessed Improvements Value: $404,000

    Sales

  • Current Sale Recording Date: Nov 10, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 01, 2005
  • Previous Sale Amount: $530,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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:

$866,500

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2069 ft²

Average Home Age

60.3 years

Currently For Sale

41 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: 5 months ago
Data Source: MLS PIN, MLS# 71246745

Frequently Asked Questions

When was property at 283 Forest Street built and last sold?
The property at 283 Forest Street was built in 1996 and last sold on Jan 1, 1970 for $415,000.
How much is this home worth?
The estimated value of the home located at 283 Forest Street is $464,440.
What are some comparable homes to 283 Forest Street?
There are currently no comparable homes to 283 Forest Street.
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