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Reading 01867
304 Franklin Street
$320,000
● House - Off Market

304 Franklin Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
$1,212,044
RealtyHop Estimate
267.40%
Since Nov 1, 1998
MA-Boston
Primary Model

About This Property

A DECORATORS DREAM! THIS FABULOUS HOME FEAT. GOURMET KITCHEN, 2 FP, HW FLRS, SCREENED-IN PORCH & DECK. INCREDIBLE LOT W/GREAT PLANTINGS & IN-GROUND SPRINKLER SYSTEM. UNFINISHED 22X11 RM OVER GAR. DO NOT LET CATS OUT!!
Unit Size
-
Days on Market
-
Land Size
0.67 acres
Price per sqft
-
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
1946

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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 #30245407)

Price History

Date / Event Date Event Price
Oct 28, 2020 Sold
Premium
Sold
Sep 21, 2020 Listed by Coldwell Banker Residential Brokerage - Stoneham $708,800
Listed by Coldwell Banker Residential Brokerage - Stoneham
Oct 30, 1998 Sold
Premium
Sold
Jul 29, 1998 Listed by Coldwell Banker Residential Brokerage - Stoneham $329,900
Listed by Coldwell Banker Residential Brokerage - Stoneham

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1975
  • 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: 4
  • Exterior Walls Type: 18
  • 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: 864
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,490
  • Total Building Area: 1,908
  • Gross Building Area: 5,052
  • Building Area: 1,908
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,908
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000677
  • 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: S20

Geography

  • Account Number: 2060000000
  • Parcel: READ M:045.0-0000-0090.0
  • Municipality: READING
  • Latitude: 42.5504
  • Longitude: -71.1138

    Address

  • Full Address: 304 Franklin St
  • Address - House Number: 304
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C018
  • 4-Digit Zip Code: 1033
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,079,300

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 956,096
  • High Value: 1,125,235
  • Low Value: 786,956

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $920,900
  • Assessed Land Value: $508,900
  • Assessed Improvements Value: $412,000

    Sales

  • Current Sale Contract Date: Oct 17, 2020
  • Current Sale Recording Date: Oct 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 198448
  • Previous Sale Recording Date: Oct 30, 1998
  • Previous Sale Amount: $320,000
  • 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

2197 ft²

Average Home Age

55.6 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

$2,740 /mo

  • Studio
  • 1 Bath
  • 725 ft²
200 Quannapowitt Parkway #S4, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30245407

Frequently Asked Questions

When was property at 304 Franklin Street built and last sold?
The property at 304 Franklin Street was built in 1946 and last sold on Oct 17, 2020 for $765,800.
How much is this home worth?
The estimated value of the home located at 304 Franklin Street is $0.
What are some comparable homes to 304 Franklin Street?
There are currently no comparable homes to 304 Franklin Street.
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