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Reading 01867
321 Pearl St
$390,000
● House - Off Market

321 Pearl St

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$685,483
RealtyHop Estimate
75.81%
Since Jan 1, 2016
MA-Boston
Primary Model

About This Property

Moving from the city and looking for more 'breathing room' in the 'burbs with an award-winning school district?  Do you have grandchildren living in Reading and are looking to simplify your lifestyle?  321 Pearl Street offers a turn key home with plenty of hardwood flooring, nice flow, room to expand with a full basement and a spacious back yard.  Brand new stainless steel appliances (some so new, they didn't make the photo shoot!) and eat-in the kitchen.  Perfectly placed side deck ideal for your BBQ or outdoor bistro.  Potential to finish basement and add another 1000 sq. ft. of living space!  Gourmet restaurants close-by in downtown Reading.  Please note one bedroom does NOT have a closet.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$387
Property Type
House
Property Taxes
$426
HOA Dues
-
Year Built
1955

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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 #71928067)

Price History

Date / Event Date Event Price
Dec 30, 2015 Sold
Premium
Sold
Nov 5, 2015 Listed by RE/MAX Leading Edge $389,900
Listed by RE/MAX Leading Edge

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,568
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,289
  • Total Building Area: 1,568
  • Gross Building Area: 3,400
  • Building Area: 1,568
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,568
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000236
  • 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: S15

Geography

  • Account Number: 1600000000
  • Parcel: READ M:040.0-0000-0043.0
  • Municipality: READING
  • Latitude: 42.5411
  • Longitude: -71.1014

    Address

  • Full Address: 321 Pearl St
  • Address - House Number: 321
  • Address - Street Name: Pearl
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C015
  • 4-Digit Zip Code: 1352
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $979,600

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 889,197
  • High Value: 1,045,702
  • Low Value: 732,692

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $835,800
  • Assessed Land Value: $442,600
  • Assessed Improvements Value: $393,200

    Sales

  • Current Sale Recording Date: Dec 30, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1719122

    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:

$857,450

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2112 ft²

Average Home Age

58.9 years

Currently For Sale

43 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

$4,970 /mo

  • 3 Beds
  • 2 Baths
  • 1,402 ft²
200 Quannapowitt Parkway #C4, 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# 71928067

Frequently Asked Questions

When was property at 321 Pearl Street built and last sold?
The property at 321 Pearl Street was built in 1955 and last sold on Jan 1, 1970 for $390,000.
How much is this home worth?
The estimated value of the home located at 321 Pearl Street is $400,060.
What are some comparable homes to 321 Pearl Street?
There are currently no comparable homes to 321 Pearl Street.
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