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Reading 01867
284 Lowell Street
$375,000
● House - Off Market

284 Lowell Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,456 Ft²
$615,583
RealtyHop Estimate
55.84%
Since Oct 1, 2017
MA-Boston
Primary Model

About This Property

Only a mile from Reading's bustling downtown, this 3 bed, 2 bath colonial is ready for your updates!  Situated next to conservation land, this is an excellent starter home to build equity in with great curb appeal! Enjoy the nice weather and Summer months in the fantastic screened in porch off the kitchen. There's also a 3 season sun room directly off the living room, and the large bay window provides tons of natural light! Three bedrooms all on the second floor is perfect for a young family and a 1 car garage for those New England winters!  Very convenient to 93 for commuting, don't miss the chance to buy in Reading at an affordable price and make this one your own!!
Unit Size
1,456 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$271
Property Type
House
Property Taxes
$491
HOA Dues
-
Year Built
1936

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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 #72165904)

Price History

Date / Event Date Event Price
Nov 10, 2021 Sold
Premium
Sold
Sep 9, 2021 Listed by Maloney Properties, Inc. $549,999
Listed by Maloney Properties, Inc.
Sep 15, 2017 Sold
Premium
Sold
May 17, 2017 Listed by Maloney Properties, Inc. $395,000
Listed by Maloney Properties, Inc.
Mar 27, 2017 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 728
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,908
  • Total Building Area: 1,456
  • Gross Building Area: 3,034
  • Building Area: 1,456
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000204
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Maynard School District
  • School Tax School District: READING SD
  • Census Tract: 334200

Zoning

  • Zoning: S15

Geography

  • Account Number: 990000000
  • Parcel: READ M:026.0-0000-0033.0
  • Municipality: READING
  • Latitude: 42.5315
  • Longitude: -71.1189

    Address

  • Full Address: 284 Lowell St
  • Address - House Number: 284
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C008
  • 4-Digit Zip Code: 2054
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $761,100

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 739,134
  • High Value: 860,738
  • Low Value: 617,530

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $649,400
  • Assessed Land Value: $396,400
  • Assessed Improvements Value: $253,000

    Sales

  • Current Sale Contract Date: Nov 10, 2021
  • Current Sale Recording Date: Nov 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 246582
  • Previous Sale Recording Date: Sep 15, 2017
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: O
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:

$879,000

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2243 ft²

Average Home Age

54 years

Currently For Sale

28 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# 72165904

Frequently Asked Questions

When was property at 284 Lowell Street built and last sold?
The property at 284 Lowell Street was built in 1936 and last sold on Nov 10, 2021 for $545,000.
How much is this home worth?
The estimated value of the home located at 284 Lowell Street is $556,560.
What are some comparable homes to 284 Lowell Street?
There are currently no comparable homes to 284 Lowell Street.
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