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Reading 01867
3 Lewis Street
$325,000
● House - Off Market

3 Lewis Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,014 Ft²
$906,121
RealtyHop Estimate
174.67%
Since Dec 1, 2000
MA-Boston
Primary Model

About This Property

MINT! MINT! MINT! TOTALLY REMODELED CAPE W/HEATED SUNROOM. ATT. 2CAR GARAGE. NEW KITCHEN W/MAPLE CABINETS & BREAK BAR. CEDAR CLOSETS. UTILITY SINK. MINUTES TO MAJOR HIGHWAYS. ALL YOU HAVE TO DO IS UNPACK AND RELAX!
Unit Size
2,014 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$164
Property Type
House
Property Taxes
$272
HOA Dues
-
Year Built
1952

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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 years ago (MLSPIN #30447460)

Price History

Date / Event Date Event Price
Jul 23, 2021 Sold
Premium
Sold
Jun 9, 2021 Listed $689,900
Listed
Nov 30, 2000 Sold
Premium
Sold
Sep 21, 2000 Listed $329,900
Listed
Dec 29, 1995 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 2
  • Basement Area: 884
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,481
  • Total Building Area: 2,168
  • Gross Building Area: 3,532
  • Building Area: 2,168
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,168
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000195
  • 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: 334100

Zoning

  • Zoning: S15

Geography

  • Account Number: 300000000
  • Parcel: READ M:010.0-0000-0123.0
  • Municipality: READING
  • Latitude: 42.5144
  • Longitude: -71.1208

    Address

  • Full Address: 3 Lewis St
  • Address - House Number: 3
  • Address - Street Name: Lewis
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C017
  • 4-Digit Zip Code: 3348
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $864,500

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 858,610
  • High Value: 1,009,170
  • Low Value: 708,050

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $737,600
  • Assessed Land Value: $457,500
  • Assessed Improvements Value: $280,100

    Sales

  • Current Sale Contract Date: Jul 23, 2021
  • Current Sale Recording Date: Jul 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 165658
  • Previous Sale Recording Date: Nov 30, 2000
  • Previous Sale Amount: $325,000
  • 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

$456

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2135 ft²

Average Home Age

57.1 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30447460

Frequently Asked Questions

When was property at 3 Lewis Street built and last sold?
The property at 3 Lewis Street was built in 1952 and last sold on Jul 23, 2021 for $692,000.
How much is this home worth?
The estimated value of the home located at 3 Lewis Street is $0.
What are some comparable homes to 3 Lewis Street?
There are currently no comparable homes to 3 Lewis Street.
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