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Reading 01867
294 Charles St
$770,000
● House - Off Market

294 Charles St

Reading, MA 01867
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,826 Ft²
$1,134,423
RealtyHop Estimate
42.69%
Since Jul 1, 2019
MA-Boston
Primary Model

About This Property

Don't miss out! This home has been lovingly renovated and updated by the owners. The home is a Legal 2 family. Live in one unit and earn some money by leasing out the second. It would also be perfect for extended family or an au pair...or easily convert it back to a single family. The first floor unit is spacious, bright and stunning. Recently updated with new windows, baths and a gorgeous new kitchen. There's nothing left to do besides moving in! The layout is terrific for today's living...step out your back door and be wowed by the private, fenced in back yard complete with mature plantings, a large patio, vegetable gardens and a huge shed! Completing this unique property is the second unit, consisting of 2 bedrooms, kitchen and living room.
Unit Size
2,826 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$281
Property Type
House
Property Taxes
$726
HOA Dues
-
Year Built
1922

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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 #72487935)

Price History

Date / Event Date Event Price
Jun 27, 2019 Sold
Premium
Sold
Apr 25, 2019 Listed by Leading Edge Real Estate $795,000
Listed by Leading Edge Real Estate
Aug 1, 2002 Sold
Premium
Sold
May 15, 2002 Listed by Leading Edge Real Estate $449,900
Listed by Leading Edge Real Estate

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 31
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,824
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,505
  • Total Building Area: 2,826
  • Gross Building Area: 5,171
  • Building Area: 2,826
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,826
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000700
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Reading School District
  • School Tax School District: READING SD
  • Census Tract: 334300

Zoning

  • Zoning: S20

Geography

  • Account Number: 1620000000
  • Parcel: READ M:034.0-0000-0208.0
  • Municipality: READING
  • Latitude: 42.5398
  • Longitude: -71.0926

    Address

  • Full Address: 294 Charles St
  • Address - House Number: 294
  • Address - Street Name: Charles
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C016
  • 4-Digit Zip Code: 1804
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,112,500

    Appraisal Valuation

  • Standard Deviation: 0.1616
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 968,300
  • High Value: 1,124,810
  • Low Value: 811,789

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $949,200
  • Assessed Land Value: $512,400
  • Assessed Improvements Value: $436,800

    Sales

  • Current Sale Contract Date: Jun 25, 2019
  • Current Sale Recording Date: Jun 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 90331
  • Previous Sale Recording Date: Aug 01, 2002
  • Previous Sale Amount: $465,000
  • 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:

$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

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# 72487935

Frequently Asked Questions

When was property at 294 Charles Street built and last sold?
The property at 294 Charles Street was built in 1922 and last sold on Jun 25, 2019 for $770,000.
How much is this home worth?
The estimated value of the home located at 294 Charles Street is $816,243.
What are some comparable homes to 294 Charles Street?
There are currently no comparable homes to 294 Charles Street.
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