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Reading 01867
42 Salem Street
$442,600
● House - Off Market

42 Salem Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,798 Ft²
$742,221
RealtyHop Estimate
64.97%
Since Dec 1, 2016
MA-Boston
Primary Model

About This Property

Great Reading Colonial offering old world charm with plenty of modern updates including 2 units of c/air & gas heat plus replacement windows, 200 amp electricity & plumbing,   Large eat-in Kitchen with pantry plus Dining Room with built in hutch, fp'd Living Room w/ built in bookcases, moldings, first floor Family Room PLUS 3 season room with wide pine floors, fireplace & loads of windows overlooking beautiful oversized backyard that abuts tennis courts & the rear of Memorial Park, a great place for the lazy days of summer.  Largest bedroom currently used as craft room.  Second staircase to storage over Kitchen from back hallway. Handy to everything with easy access to Rts. 95/128 and Rt. 93 along with Commuter Rail!   Seller may choose to remove a few sentimental plants.
Unit Size
1,798 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$250
Property Type
House
Property Taxes
$477
HOA Dues
-
Year Built
1820

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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 #72040869)

Price History

Date / Event Date Event Price
Nov 1, 2016 Sold
Premium
Sold
Jul 20, 2016 Listed by Century 21 Spindler & O'Neil Associates $449,900
Listed by Century 21 Spindler & O'Neil Associates
Mar 17, 1982 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1820
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 7
  • Basement Area: 1,185
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,402
  • Total Building Area: 1,798
  • Gross Building Area: 3,431
  • Building Area: 1,798
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,798
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000445
  • 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: 334400

Zoning

  • Zoning: A40

Geography

  • Account Number: 870000000
  • Parcel: READ M:022.0-0000-0255.0
  • Municipality: READING
  • Latitude: 42.5264
  • Longitude: -71.1009

    Address

  • Full Address: 42 Salem St
  • Address - House Number: 42
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C029
  • 4-Digit Zip Code: 2666
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $806,200

    Appraisal Valuation

  • Standard Deviation: 0.2175
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 740,296
  • High Value: 901,368
  • Low Value: 579,223

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $687,900
  • Assessed Land Value: $402,800
  • Assessed Improvements Value: $285,100

    Sales

  • Current Sale Recording Date: Nov 01, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 196122
  • Previous Sale Recording Date: Mar 17, 1982
  • Previous Sale Amount: $52,000
  • 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

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2129 ft²

Average Home Age

56.3 years

Currently For Sale

40 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

$2,715 /mo

  • 1 Bed
  • 1 Bath
  • 831 ft²
200 Quannapowitt Parkway #A10J, 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# 72040869

Frequently Asked Questions

When was property at 42 Salem Street built and last sold?
The property at 42 Salem Street was built in 1820 and last sold on Jan 1, 1970 for $442,600.
How much is this home worth?
The estimated value of the home located at 42 Salem Street is $477,117.
What are some comparable homes to 42 Salem Street?
There are currently no comparable homes to 42 Salem Street.
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