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Reading 01867
351 Lowell St
$400,000
● House - Off Market

351 Lowell St

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,858 Ft²
$825,401
RealtyHop Estimate
106.40%
Since Oct 1, 2012
MA-Boston
Primary Model

About This Property

This charming home is architecturally unique and well maintained on a large 1.17 acre lot. This private country lot includes a garage, workshop, shed and lovely landscaping.  Convenient location to Rt. 93/128, center, shopping and train. First floor pantry has potential for 2nd bath. Diningroom can be used as a 4th bedroom or office. Sceened in porch (11x10) off kitchen overlooking back yard. Refrigerator, washer & dryer remain as gifts. OPEN HOUSE IS CANCELLED FOR JULY 22ND!
Unit Size
1,858 Ft²
Days on Market
-
Land Size
1.17 acres
Price per sqft
$215
Property Type
House
Property Taxes
$460
HOA Dues
-
Year Built
1894

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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 #71411278)

Price History

Date / Event Date Event Price
Sep 14, 2012 Sold
Premium
Sold
Jul 18, 2012 Listed by Boardwalk Real Estate $399,900
Listed by Boardwalk Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1894
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 1,112
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 50,965
  • Total Building Area: 1,859
  • Gross Building Area: 3,175
  • Building Area: 1,859
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,859
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001170
  • 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: 1210000000
  • Parcel: READ M:026.0-0000-0193.0
  • Municipality: READING
  • Latitude: 42.5336
  • Longitude: -71.1224

    Address

  • Full Address: 351 Lowell St
  • Address - House Number: 351
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C008
  • 4-Digit Zip Code: 1524
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $977,400

    Appraisal Valuation

  • Standard Deviation: 0.2171
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 825,529
  • High Value: 1,004,789
  • Low Value: 646,268

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $834,000
  • Assessed Land Value: $507,000
  • Assessed Improvements Value: $327,000

    Sales

  • Current Sale Recording Date: Sep 14, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000019
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

$456

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: 4 months ago
Data Source: MLS PIN, MLS# 71411278

Frequently Asked Questions

When was property at 351 Lowell Street built and last sold?
The property at 351 Lowell Street was built in 1894 and last sold on Jan 1, 1970 for $400,000.
How much is this home worth?
The estimated value of the home located at 351 Lowell Street is $430,211.
What are some comparable homes to 351 Lowell Street?
There are currently no comparable homes to 351 Lowell Street.
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