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Reading 01867
349 Franklin St
$625,000
● House - Off Market

349 Franklin St

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,354 Ft²
$697,725
RealtyHop Estimate
16.48%
Since Jun 1, 2021
MA-Boston
Primary Model

About This Property

Welcome to 349 Franklin St! This charming Cape is tucked away in Reading's coveted Wood End neighborhood, and conveniently located in between I-93 and all the amenities of Route 28. This home offers the perfect floor plan for entertaining, with a generous, sun-drenched living room, hardwood floors, and a renovated kitchen with stainless steel appliances and subway tile backsplash. Open the double French doors from the living space to a large deck, which leads to an expansive backyard with a shed. Need a home office? Choose from one of the 4 large bedrooms with plenty of storage. One full bath is located on both of the main levels, and there is a full basement with all kinds of possibilities: home gym? Playroom? Make it yours. You'll be minutes from Boston, and still a world away from the bustle of the city.
Unit Size
2,354 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$254
Property Type
House
Property Taxes
$709
HOA Dues
-
Year Built
1954

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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: 5 years ago (MLSPIN #72774039)

Price History

Date / Event Date Event Price
May 7, 2021 Sold
Premium
Sold
Jan 12, 2021 Listed by Hive Property Group $599,000
Listed by Hive Property Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • 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: 1,539
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,346
  • Total Building Area: 2,354
  • Gross Building Area: 4,730
  • Building Area: 2,354
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,354
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000352
  • 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:044.0-0000-0119.0
  • Municipality: READING
  • Latitude: 42.5496
  • Longitude: -71.1166

    Address

  • Full Address: 349 Franklin St
  • Address - House Number: 349
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C018
  • 4-Digit Zip Code: 1037
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $931,000
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 848,790
  • High Value: 997,787
  • Low Value: 699,793

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $794,400
  • Assessed Land Value: $460,100
  • Assessed Improvements Value: $334,300

    Sales

  • Current Sale Contract Date: Feb 04, 2021
  • Current Sale Recording Date: May 07, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 104465
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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72774039

Frequently Asked Questions

When was property at 349 Franklin Street built and last sold?
The property at 349 Franklin Street was built in 1954 and last sold on Feb 4, 2021 for $625,000.
How much is this home worth?
The estimated value of the home located at 349 Franklin Street is $0.
What are some comparable homes to 349 Franklin Street?
There are currently no comparable homes to 349 Franklin Street.
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