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Reading 01867
40 Forest Street
Photo of 40 Forest Street
Sold on Dec 12, 2008

1

Map

$461,250
● House - Off Market

40 Forest Street

Reading, MA 01867
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,800 Ft²
$1,019,306
RealtyHop Estimate
112.40%
Since Jan 1, 2009
MA-Boston
Primary Model

About This Property

Young 2800 sq ft Colonial. This nicely maintained home offers wonderful living space. Four nice sized bedrooms plus a small fifth bedroom (currently being used as an office or computer room) are all located on second floor.  The large master offers its' own bath and large walk-in closet. The walk-up attic is an added feature for storage or future expansion possibilities. This property has great convenience to highways and town. WONDERFUL VALUE AT THIS PRICE!!
Unit Size
2,800 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$171
Property Type
House
Property Taxes
$530
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #70771284)

Price History

Date / Event Date Event Price
Dec 12, 2008 Sold
Premium
Sold
Jun 2, 2008 Listed $479,900
Listed
May 27, 1998 Sold
Premium
Sold
Mar 21, 1998 Listed $269,900
Listed

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,304
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,999
  • Total Building Area: 2,776
  • Gross Building Area: 4,298
  • Building Area: 2,776
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,776
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000207
  • 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: S15

Geography

  • Account Number: 1400000000
  • Parcel: READ M:039.0-0000-0021.0
  • Municipality: READING
  • Latitude: 42.541
  • Longitude: -71.1067

    Address

  • Full Address: 40 Forest St
  • Address - House Number: 40
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C013
  • 4-Digit Zip Code: 1203
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,066,100

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 979,216
  • High Value: 1,151,565
  • Low Value: 806,867

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $909,600
  • Assessed Land Value: $459,300
  • Assessed Improvements Value: $450,300

    Sales

  • Current Sale Recording Date: Dec 12, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00195807
  • Previous Sale Recording Date: May 27, 1998
  • Previous Sale Amount: $271,000
  • 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:

$857,450

Sale Price/ft²

$456

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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$4,030 /mo

  • 2 Beds
  • 2 Baths
  • 1,116 ft²
200 Quannapowitt Parkway #B7P, 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# 70771284

Frequently Asked Questions

When was property at 40 Forest Street built and last sold?
The property at 40 Forest Street was built in 1940 and last sold on Jan 1, 1970 for $461,250.
How much is this home worth?
The estimated value of the home located at 40 Forest Street is $481,730.
What are some comparable homes to 40 Forest Street?
There are currently no comparable homes to 40 Forest Street.
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