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Reading 01867
32 Berkeley Street
Photo of 32 Berkeley Street

1

Map

$549,000
● Multifamily - Off Market

32 Berkeley Street

Reading, MA 01867
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,993 Ft²
$3,213
Est. Monthly

About This Property

It's the GRAND GRAY LADY nestled right in the heart of the old WEST SIDE.  The sellers ahve done so much of the big work including all new windows, new 3rd floor MASTER SUITE, TWO NEW HEATING SYSTEMS,  TWO NEW ELECTRICAL SYSTEMS, REFINISHED WOOD FLOORS, UPDATED BATHS, FRESHLY PAINTED WALLS and more.  Live in the top two floors and rent out the first floor to help pay the mortgage! The garage is "as is" , used for storage only.  Easy access to commuter rail and highways.
Unit Size
2,993 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$183
Property Type
Multifamily
Property Taxes
$517
HOA Dues
-
Year Built
1850

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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: 29 days ago (MLSPIN #71241479)

Price History

Date / Event Date Event Price
Jul 25, 2014 Sold
Premium
Sold
Nov 16, 2011 Sold
Premium
Sold
Jun 1, 2011 Listed by Premier Realty Group, Inc. $549,000
Listed by Premier Realty Group, Inc.

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,373
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,349
  • Total Building Area: 3,199
  • Gross Building Area: 5,815
  • Building Area: 3,199
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,199
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000329
  • 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: 490000000
  • Parcel: READ M:015.0-0000-0211.0
  • Municipality: READING
  • Latitude: 42.52
  • Longitude: -71.1197

    Address

  • Full Address: 32 Berkeley St
  • Address - House Number: 32
  • Address - Street Name: Berkeley
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C019
  • 4-Digit Zip Code: 2801
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,241,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2207
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 69
  • Final Value: 1,321,758
  • High Value: 1,613,532
  • Low Value: 1,029,983

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,059,100
  • Assessed Land Value: $550,900
  • Assessed Improvements Value: $508,200

    Sales

  • Current Sale Recording Date: Jul 25, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 107428
  • Previous Sale Recording Date: Nov 16, 2011
  • Previous Sale Amount: $535,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 29 days ago
Data Source: MLS PIN, MLS# 71241479

Frequently Asked Questions

When was property at 32 Berkeley Street built and last sold?
The property at 32 Berkeley Street was built in 1850 and last sold on Jan 1, 1970 for $791,000.
How much is this home worth?
The estimated value of the home located at 32 Berkeley Street is $770,357.
What are some comparable homes to 32 Berkeley Street?
There are currently no comparable homes to 32 Berkeley Street.
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