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Reading 01867
420 Franklin St
$570,000
● House - Off Market

420 Franklin St

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,266 Ft²
$1,281,166
RealtyHop Estimate
117.55%
Since Apr 1, 2012
MA-Boston
Primary Model

About This Property

Landmark Farmhouse Circa 1711.  Wonderfully restored/renovated over the past 5 years.  This is a "show house" that offers all the flavor of the past & the conveniences required by today's family. Huge, stunning kitchen/greatroom/dining room with a/c for cool summers and a fireplace for cozy winters.You'll LIVE in this WOW space! Huge island.  First floor master suite with exceptional bath and walk-in closet.  Three charming bedrooms with built-ins and a full bath on second floor.  Full basement.
Unit Size
2,266 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$260
Property Type
House
Property Taxes
$499
HOA Dues
-
Year Built
1985

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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 months ago (MLSPIN #71323366)

Price History

Date / Event Date Event Price
Mar 1, 2012 Sold
Premium
Sold
Jan 4, 2012 Listed by Keller Williams Realty Evolution $588,900
Listed by Keller Williams Realty Evolution
Mar 16, 2007 Sold
Premium
Sold
Aug 14, 2006 Listed by Keller Williams Realty Evolution $379,900
Listed by Keller Williams Realty Evolution

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 598
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,616
  • Total Building Area: 2,266
  • Gross Building Area: 3,609
  • Building Area: 2,266
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,266
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000565
  • 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: 1780000000
  • Parcel: READ M:044.0-0000-0002.0
  • Municipality: READING
  • Latitude: 42.5471
  • Longitude: -71.1188

    Address

  • Full Address: 420 Franklin St
  • Address - House Number: 420
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C031
  • 4-Digit Zip Code: 1218
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,142,200

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 1,005,968
  • High Value: 1,171,473
  • Low Value: 840,464

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $974,600
  • Assessed Land Value: $492,100
  • Assessed Improvements Value: $482,500

    Sales

  • Current Sale Recording Date: Mar 01, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000004
  • Previous Sale Recording Date: Mar 16, 2007
  • Previous Sale Amount: $355,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

2112 ft²

Average Home Age

58.9 years

Currently For Sale

43 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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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71323366

Frequently Asked Questions

When was property at 420 Franklin Street built and last sold?
The property at 420 Franklin Street was built in 1985 and last sold on Jan 1, 1970 for $570,000.
How much is this home worth?
The estimated value of the home located at 420 Franklin Street is $612,317.
What are some comparable homes to 420 Franklin Street?
There are currently no comparable homes to 420 Franklin Street.
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