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Reading 01867
361 Charles St
$1,250,000
● House - Off Market

361 Charles St

Reading, MA 01867
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,523 Ft²
$1,216,067
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

Located on the "Charles Triangle" sits this beautiful well designed Contemporary Colonial. Its chef inspired granite kitchen is cabinet filled and is sure to please with its upscale appliances. Having 4 bedrooms, finished basement and incredible game room, it's designed for large gatherings and entertainment. The amazing grounds offer a serene setting with its professionally landscaped yard, heated gunite pool, beautiful outdoor bar and deck, and multiple outbuildings, an entertainers dream home. This property has so much to offer! It's truly a tremendous space to relax and enjoy, inside and out. Public Open House Sat 04/16 11-1 pm no appointment needed.
Unit Size
3,523 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$341
Property Type
House
Property Taxes
$965
HOA Dues
-
Year Built
1959

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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 #72967026)

Price History

Date / Event Date Event Price
May 20, 2022 Sold
Premium
Sold
Apr 14, 2022 Listed by eXp Realty $1,200,000
Listed by eXp Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 7
  • Basement Area: 1,271
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 20,769
  • Total Building Area: 3,523
  • Gross Building Area: 5,751
  • Building Area: 3,523
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,523
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000477
  • 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: 334400

Zoning

  • Zoning: S20

Geography

  • Account Number: 1650000000
  • Parcel: READ M:041.0-0000-0024.0
  • Municipality: READING
  • Latitude: 42.5426
  • Longitude: -71.09

    Address

  • Full Address: 361 Charles St
  • Address - House Number: 361
  • Address - Street Name: Charles
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C016
  • 4-Digit Zip Code: 1803
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,311,400

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,238,331
  • High Value: 1,457,399
  • Low Value: 1,019,262

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,118,900
  • Assessed Land Value: $478,800
  • Assessed Improvements Value: $640,100

    Sales

  • Current Sale Contract Date: May 20, 2022
  • Current Sale Recording Date: May 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 76214
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

2173 ft²

Average Home Age

54 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# 72967026

Frequently Asked Questions

When was property at 361 Charles Street built and last sold?
The property at 361 Charles Street was built in 1959 and last sold on May 20, 2022 for $1,250,000.
How much is this home worth?
The estimated value of the home located at 361 Charles Street is $1,235,992.
What are some comparable homes to 361 Charles Street?
There are currently no comparable homes to 361 Charles Street.
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