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Reading 01867
386 Lowell Street
$780,000
● House - Off Market

386 Lowell Street

Reading, MA 01867
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,601 Ft²
$844,492
RealtyHop Estimate
16.48%
Since Jun 1, 2021
MA-Boston
Primary Model

About This Property

Grand Colonial with plenty of room for everyone.  Ready to update to your tastes.  Three floors of living space.  Work from home (WFH) or possible au -pair quarters.  Step down family room with skylights and fireplace ,adjacent to kitchen .Oversized two car garage. Corner lot with welcoming expansive front porch and bi-level back deck.Call for appointment!
Unit Size
2,601 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$279
Property Type
House
Property Taxes
$783
HOA Dues
-
Year Built
1898

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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 years ago (MLSPIN #72809869)

Price History

Date / Event Date Event Price
May 26, 2021 Sold
Premium
Sold
Apr 7, 2021 Listed by Non Member Office $725,000
Listed by Non Member Office
Jan 20, 1984 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1898
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 882
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,116
  • Total Building Area: 2,601
  • Gross Building Area: 4,351
  • Building Area: 2,601
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,601
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000301
  • 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: 334200

Zoning

  • Zoning: S15

Geography

  • Account Number: 1200000000
  • Parcel: READ M:026.0-0000-0169.0
  • Municipality: READING
  • Latitude: 42.5339
  • Longitude: -71.1247

    Address

  • Full Address: 386 Lowell St
  • Address - House Number: 386
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C008
  • 4-Digit Zip Code: 1526
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,005,900

    Appraisal Valuation

  • Standard Deviation: 0.2171
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 975,279
  • High Value: 1,187,057
  • Low Value: 763,501

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $858,300
  • Assessed Land Value: $409,600
  • Assessed Improvements Value: $448,700

    Sales

  • Current Sale Contract Date: May 26, 2021
  • Current Sale Recording Date: May 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 119197
  • Previous Sale Recording Date: Jan 20, 1984
  • Previous Sale Amount: $95,000
  • 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:

$865,000

Sale Price/ft²

$456

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2135 ft²

Average Home Age

57.1 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 years ago
Data Source: MLS PIN, MLS# 72809869

Frequently Asked Questions

When was property at 386 Lowell Street built and last sold?
The property at 386 Lowell Street was built in 1898 and last sold on May 26, 2021 for $780,000.
How much is this home worth?
The estimated value of the home located at 386 Lowell Street is $0.
What are some comparable homes to 386 Lowell Street?
There are currently no comparable homes to 386 Lowell Street.
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