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Reading 01867
386 Grove St
Photo of 386 Grove St
Sold on Sep 27, 2007

1

Map

$355,000
● House - Off Market

386 Grove St

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,100 Ft²
$716,570
RealtyHop Estimate
89.07%
Since Oct 1, 2007
MA-Boston
Primary Model

About This Property

Well maintained 3 bedroom contemporary multi-level home. Beautiful wooded setting with walk to Meadowbrook Country Club Golf Course. Living room has vaulted, beamed ceiling with fireplace and floor to ceiling windows. Dining room has slider to patio & PELLA bay window. Kitchen has been updated. All bedrooms have hardwood floors. Family room has new PERGO floor & 1/2 bath with bonus storage/play room. One car garage and shed. A must see.
Unit Size
1,100 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$345
Property Type
House
Property Taxes
$355
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: 5 months ago (MLSPIN #70555504)

Price History

Date / Event Date Event Price
Sep 27, 2007 Sold
Premium
Sold
Apr 10, 2007 Listed $379,000
Listed

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1974
  • 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: 41
  • 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: 2
  • Basement Area: 946
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,198
  • Total Building Area: 1,227
  • Gross Building Area: 2,128
  • Building Area: 1,227
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,227
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000510
  • 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: 1740000000
  • Parcel: READ M:043.0-0000-0003.0
  • Municipality: READING
  • Latitude: 42.5467
  • Longitude: -71.1303

    Address

  • Full Address: 386 Grove St
  • Address - House Number: 386
  • Address - Street Name: Grove
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C031
  • 4-Digit Zip Code: 1209
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $843,100

    Appraisal Valuation

  • Standard Deviation: 0.1803
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 713,838
  • High Value: 842,555
  • Low Value: 585,121

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $719,400
  • Assessed Land Value: $456,500
  • Assessed Improvements Value: $262,900

    Sales

  • Current Sale Recording Date: Oct 15, 2015
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 175339
  • Previous Sale Recording Date: Sep 27, 2007
  • Previous Sale Amount: $355,000
  • 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:

$874,900

Sale Price/ft²

$458

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2043 ft²

Average Home Age

55.3 years

Currently For Sale

43 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 months ago
Data Source: MLS PIN, MLS# 70555504

Frequently Asked Questions

When was property at 386 Grove Street built and last sold?
The property at 386 Grove Street was built in 1959 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 386 Grove Street is $388,768.
What are some comparable homes to 386 Grove Street?
There are currently no comparable homes to 386 Grove Street.
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