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Reading 49274
406 N Main
$33,250
● House - Off Market

406 N Main

Reading, MI 49274
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,150 Ft²
$65,135
RealtyHop Estimate
86.63%
Since Dec 1, 2014
National-US
Primary Model

About This Property

Why Rent...you may be able to buy for less!! This 3 bedroom offers affordability, and a great location for your new home. Needs some TLC and a little polishing to make it yours...Lots of potential for a savvy buyer looking to get ahead. Lets take a look at this gem today!! Also includes a 16x24 storage building. (7593)
Unit Size
1,150 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$30
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-

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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: 3 years ago (MichRIC MLS #14005414)

Price History

Date / Event Date Event Price
Nov 17, 2020 Sold
Premium
Sold
May 7, 2020 Listed by CENTURY 21 Affiliated $99,000
Listed by CENTURY 21 Affiliated
Mar 27, 2018 Sold
Premium
Sold
Feb 13, 2018 Listed by CENTURY 21 Affiliated $29,900
Listed by CENTURY 21 Affiliated
Nov 11, 2014 Sold
Premium
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 2,088
  • Parking Space Count: 7
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,492
  • Total Building Area: 810
  • Gross Building Area: 810
  • Building Area: 810
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 810
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: False
  • Land Acres: 0000000700
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM SE COR SEC TH N ALG E SEC LN 1650 FT TO POB TH W 465 FT TH N 66 FT TH E 465 FT TO E SEC LN TH S ALG SD E LN 66 FT TO POB

Neighborhood

  • School District Name: Reading Community Schools
  • Census Tract: 050400

Zoning

  • Zoning: R1LDRES

Geography

  • District: 20
  • Parcel: 20-110-001-050-22-7-4
  • Meridian: SEC 22 TWN 07S RNG 04W
  • Municipality: CITY OF READING
  • Latitude: 41.8441
  • Longitude: -84.7488

    Address

  • Full Address: 406 N Main St
  • Address - House Number: 406
  • Street Direction: N
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MI
  • City Name: Reading
  • Carrier Code: R002
  • 4-Digit Zip Code: 9613
  • Zip Code: 49274

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $78,505

    Appraisal Valuation

  • Standard Deviation: 0.1444
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 71
  • Final Value: 31,148
  • High Value: 35,645
  • Low Value: 26,650

    Market Valuation

  • Market Total Value: $77,802
  • Market Land Value: $3,682
  • Market Improvement Value: $74,120

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 12, 2020
  • Current Sale Recording Date: Nov 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Mar 27, 2018
  • Previous Sale Contract Date: Mar 23, 2018
  • Previous Sale Amount: $28,000
  • 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:

$179,900

Sale Price/ft²

$96

Below Asking

0.04%

Average Days on Market

89

Average Home Size

1377 ft²

Average Home Age

112 years

Currently For Sale

2 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.
MichRIC

Listed by: Rick Roth, CENTURY 21 Affiliated
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 14005414
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 406 North Main Street built and last sold?
The property at 406 North Main Street was built in and last sold on Nov 12, 2020 for $104,000.
How much is this home worth?
The estimated value of the home located at 406 North Main Street is $0.
What are some comparable homes to 406 North Main Street?
There are currently no comparable homes to 406 North Main Street.
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