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Reading 01867
34 Highland St
$700,000
● House - Off Market

34 Highland St

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,060 Ft²
$940,996
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

This quintessential New England colonial is full of period details and is waiting for its new owner after being lovingly renovated.  Gorgeous hardwood floors, sparkling brand new dream kitchen, high ceilings, brand new baths and lots of natural light top the list. Add a new roof and windows, new electrical, updated plumbing, a huge yard and extra storage in the carriage house, and you've got your perfect home.  The fact that it's ideally located within a short walk to downtown Reading and the Commuter Rail is frosting on the cake! Come see this gem before it's gone.
Unit Size
2,060 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$354
Property Type
House
Property Taxes
$625
HOA Dues
-
Year Built
1890

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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 #72700238)

Price History

Date / Event Date Event Price
Oct 16, 2020 Sold
Premium
Sold
Jul 29, 2020 Listed by True North Realty $729,900
Listed by True North Realty
Jan 6, 2020 Sold
Premium
Sold
Nov 14, 2019 Listed by True North Realty $499,900
Listed by True North Realty

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,010
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,049
  • Total Building Area: 1,380
  • Gross Building Area: 3,156
  • Building Area: 1,380
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,380
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000231
  • 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: 860000000
  • Parcel: READ M:021.0-0000-0359.0
  • Municipality: READING
  • Latitude: 42.5278
  • Longitude: -71.1063

    Address

  • Full Address: 34 Highland St
  • Address - House Number: 34
  • Address - Street Name: Highland
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C009
  • 4-Digit Zip Code: 2146
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $847,000

    Appraisal Valuation

  • Standard Deviation: 0.2186
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 821,795
  • High Value: 1,001,486
  • Low Value: 642,105

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $722,700
  • Assessed Land Value: $440,400
  • Assessed Improvements Value: $282,300

    Sales

  • Current Sale Contract Date: Oct 08, 2020
  • Current Sale Recording Date: Oct 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 188895
  • Previous Sale Recording Date: Jan 06, 2020
  • Previous Sale Contract Date: Dec 27, 2019
  • Previous Sale Amount: $455,000
  • Previous Sale Document Type: O
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

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# 72700238

Frequently Asked Questions

When was property at 34 Highland Street built and last sold?
The property at 34 Highland Street was built in 1890 and last sold on Oct 8, 2020 for $700,000.
How much is this home worth?
The estimated value of the home located at 34 Highland Street is $745,428.
What are some comparable homes to 34 Highland Street?
There are currently no comparable homes to 34 Highland Street.
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