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Reading 49274
419 N Main
$18,700
● House - Off Market

419 N Main

Reading, MI 49274
bedrooms
5 Beds
bathrooms
1 Bath
square feet
1,700 Ft²
$40,958
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

Project Home....Looking for a challenge to reward your effort...this home has a great location close to downtown Reading, Dollar General, City Park and more....spacious traditional home could be the showplace it once was...come breath some new life into this property and the rewards will follow....!! Nice setting ...great potential (8239)
Unit Size
1,700 Ft²
Days on Market
-
Land Size
0.80 acres
Price per sqft
$16
Property Type
House
Property Taxes
$80
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 #18008225)

Price History

Date / Event Date Event Price
Aug 9, 2022 Sold
Premium
Sold
Jun 11, 2022 Listed by CENTURY 21 Affiliated $139,900
Listed by CENTURY 21 Affiliated
Jun 5, 2018 Sold
Premium
Sold
Mar 6, 2018 Listed by CENTURY 21 Affiliated $26,900
Listed by CENTURY 21 Affiliated
Sep 6, 2017 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 2
  • 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: 912
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,848
  • Lot Size Depth Feet: 2,640
  • Lot Size Frontage Feet: 1,320
  • Total Building Area: 1,012
  • Gross Building Area: 1,688
  • Building Area: 1,012
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,012
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: YOUNGS ADD
  • Land Acres: 0000000800
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOTS 20 & 21 YOUNGS ADD SEC 23 T7S R4W CITY OF READING

Neighborhood

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

Zoning

  • Zoning: B1HWYBU

Geography

  • District: 20
  • Parcel: 20-100-001-022
  • Lot: 20,21
  • Meridian: SEC 23 TWN 07S RNG 04W
  • Municipality: CITY OF READING
  • Latitude: 41.8451
  • Longitude: -84.7475

    Address

  • Full Address: 419 N Main St
  • Address - House Number: 419
  • 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: $106,458

    Appraisal Valuation

  • Standard Deviation: 0.1444
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 71
  • Final Value: 28,023
  • High Value: 32,069
  • Low Value: 23,976

    Market Valuation

  • Market Total Value: $90,500
  • Market Land Value: $10,586
  • Market Improvement Value: $79,914

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 03, 2022
  • Current Sale Recording Date: Aug 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 592775
  • Previous Sale Recording Date: Jun 05, 2018
  • Previous Sale Contract Date: May 25, 2018
  • Previous Sale Amount: $18,700
  • Previous Sale Document Type: 71
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

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MichRIC

Listed by: Rick Roth, CENTURY 21 Affiliated
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 18008225
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 419 North Main Street built and last sold?
The property at 419 North Main Street was built in and last sold on Aug 3, 2022 for $147,500.
How much is this home worth?
The estimated value of the home located at 419 North Main Street is $140,166.
What are some comparable homes to 419 North Main Street?
There are currently no comparable homes to 419 North Main Street.
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