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Reading 01867
378 Franklin Street
Photo of 378 Franklin Street
Sold on May 27, 2010

1

Map

$360,000
● House - Off Market

378 Franklin Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,142 Ft²
$770,608
RealtyHop Estimate
102.84%
Since Jun 1, 2010
MA-Boston
Primary Model

About This Property

Sprawling custom 3 bdrm  ranch. All the heavy lifting is done: NEW:  Roof, Driveway, Countertops & tile floor in kitchen, Heating System, Electrical service, Fresh interior & exterior  paint,Gleaming H/W Flrs, Refinished lower level FamRM 26X24 for extra liv space. Attached garage,  large deck faces lovely private woodland.  Easy access to shopping, all major highways, and  is in Wood End School district.   Great opportunity for buyers looking to invest wisely. HURRY TAKE ADVANTAGE OF TAX CREDIT
Unit Size
2,142 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$177
Property Type
House
Property Taxes
$339
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: 2 years ago (MLSPIN #71062075)

Price History

Date / Event Date Event Price
May 27, 2010 Sold
Premium
Sold
Apr 9, 2010 Listed $379,900
Listed
Dec 29, 2009 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,428
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,064
  • Total Building Area: 1,428
  • Gross Building Area: 3,298
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000461
  • 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: 1920000000
  • Parcel: READ M:044.0-0000-0091.0
  • Municipality: READING
  • Latitude: 42.5488
  • Longitude: -71.1176

    Address

  • Full Address: 378 Franklin St
  • Address - House Number: 378
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C018
  • 4-Digit Zip Code: 1036
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $822,900

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 737,657
  • High Value: 867,007
  • Low Value: 608,307

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $702,100
  • Assessed Land Value: $428,700
  • Assessed Improvements Value: $273,400

    Sales

  • Current Sale Recording Date: May 27, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00085385
  • Previous Sale Recording Date: Dec 29, 2009
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: 27
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:

$877,000

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2134 ft²

Average Home Age

53.8 years

Currently For Sale

34 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

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Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 71062075

Frequently Asked Questions

When was property at 378 Franklin Street built and last sold?
The property at 378 Franklin Street was built in 1959 and last sold on Jan 1, 1970 for $360,000.
How much is this home worth?
The estimated value of the home located at 378 Franklin Street is $0.
What are some comparable homes to 378 Franklin Street?
There are currently no comparable homes to 378 Franklin Street.
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