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Reading 01867
388 Franklin Street
$212,000
● House - Off Market

388 Franklin Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,819 Ft²
$971,450
RealtyHop Estimate
341.77%
Since Jun 1, 1996
MA-Boston
Primary Model

About This Property

PROFESSIONALLY LANDSCAPED LOT WITH IN-GROUND SPRINKLER PRIVATE BACKYARD WITH HEMLOCK BORDER.  NEW ROOF, NOV. 1995 DRIVEWAY ON BLUEBERRY LANE SEE FEATURE SHEET FOR FURTHER DETAILS
Unit Size
1,819 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$121
Property Type
House
Property Taxes
$297
HOA Dues
-
Year Built
1962

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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 #30038789)

Price History

Date / Event Date Event Price
Nov 29, 1999 Sold
Premium
Sold
Aug 26, 1999 Listed by Re/max Top Achievers, Inc. $308,000
Listed by Re/max Top Achievers, Inc.
May 20, 1996 Sold
Premium
Sold
Apr 4, 1995 Listed by Re/max Top Achievers, Inc. $219,900
Listed by Re/max Top Achievers, Inc.

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 7
  • Basement Area: 1,250
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,094
  • Total Building Area: 1,683
  • Gross Building Area: 3,231
  • Building Area: 1,683
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,683
  • 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:044.0-0000-0098.0
  • Municipality: READING
  • Latitude: 42.5482
  • Longitude: -71.118

    Address

  • Full Address: 388 Franklin St
  • Address - House Number: 388
  • 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: $984,000

    Appraisal Valuation

  • Standard Deviation: 0.174
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 847,839
  • High Value: 995,366
  • Low Value: 700,313

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $839,600
  • Assessed Land Value: $476,500
  • Assessed Improvements Value: $363,100

    Sales

  • Current Sale Recording Date: Nov 29, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 20, 1996
  • Previous Sale Amount: $212,000
  • 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:

$849,900

Sale Price/ft²

$457

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

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30038789

Frequently Asked Questions

When was property at 388 Franklin Street built and last sold?
The property at 388 Franklin Street was built in 1962 and last sold on Jan 1, 1970 for $292,600.
How much is this home worth?
The estimated value of the home located at 388 Franklin Street is $0.
What are some comparable homes to 388 Franklin Street?
There are currently no comparable homes to 388 Franklin Street.
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