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Reading 01867
451 Lowell St
Photo of 451 Lowell St
Sold on Jun 5, 2008

1

Map

$345,000
● House - Off Market

451 Lowell St

Reading, MA 01867
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,608 Ft²
$708,797
RealtyHop Estimate
96.94%
Since Jul 1, 2008
MA-Boston
Primary Model

About This Property

Great house with a huge yard!  House is in need of updating but the potential is there for a buyer trying to get some sweat equity.  The structure of the house is in great condition.  It is in need of a personal touch od a new kitchen and baths.  Great location and easy access to major highways including Rte 93 for busy commuters.  5 bedrooms provide buyer with plenty of living space.  Newer roof.  This is a must see for the price range.  Easy to show.
Unit Size
1,608 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$224
Property Type
House
Property Taxes
$363
HOA Dues
-
Year Built
1926

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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: 5 months ago (MLSPIN #70750820)

Price History

Date / Event Date Event Price
Jun 6, 2008 Sold
Premium
Sold
Apr 26, 2008 Listed $359,900
Listed

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 1,008
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 14,087
  • Total Building Area: 1,608
  • Gross Building Area: 2,804
  • Building Area: 1,608
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,608
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000323
  • 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: 1270000000
  • Parcel: READ M:031.0-0000-0052.0
  • Municipality: READING
  • Latitude: 42.5357
  • Longitude: -71.1282

    Address

  • Full Address: 451 Lowell St
  • Address - House Number: 451
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C008
  • 4-Digit Zip Code: 1533
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $830,800

    Appraisal Valuation

  • Standard Deviation: 0.1803
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 763,492
  • High Value: 901,162
  • Low Value: 625,822

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $708,900
  • Assessed Land Value: $412,600
  • Assessed Improvements Value: $296,300

    Sales

  • Current Sale Recording Date: Jun 06, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00092959
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:

$868,000

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2069 ft²

Average Home Age

60.3 years

Currently For Sale

41 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70750820

Frequently Asked Questions

When was property at 451 Lowell Street built and last sold?
The property at 451 Lowell Street was built in 1926 and last sold on Jan 1, 1970 for $345,000.
How much is this home worth?
The estimated value of the home located at 451 Lowell Street is $362,575.
What are some comparable homes to 451 Lowell Street?
There are currently no comparable homes to 451 Lowell Street.
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