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Reading 01867
456 Grove St
$700,000
● House - Off Market

456 Grove St

Reading, MA 01867
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,868 Ft²
$4,355
Est. Monthly

About This Property

Prime location of just minutes from the 93 and 129 and the Privacy of being on a 1.61-acre lot located on the end of a cul-de-sac this house holds the best of both worlds. Its peaceful backyard backs up to conservation land and forest, walk jog trails and is near the Meadow Brook Country Club.  Perfect for entertaining in all seasons with a sunroom that has a fireplace and central air, an open concept kitchen and dining area and a finished basement as well. Septic recently connected to Town. Seller reserves the right to accept an offer at any point in time. MOTIVATED SELLERS, PRICE JUST REDUCED.
Unit Size
1,868 Ft²
Days on Market
-
Land Size
1.61 acres
Price per sqft
$390
Property Type
House
Property Taxes
$775
HOA Dues
-
Year Built
1979

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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 #73187040)

Price History

Date / Event Date Event Price
Mar 28, 2024 Sold
Premium
Sold
Jan 13, 2024 In contract -
In contract
Dec 13, 2023 Listed by Showcase Of Homes, REALTORS® $729,000
Listed by Showcase Of Homes, REALTORS®
Jun 19, 2000 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,300
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 70,132
  • Total Building Area: 1,868
  • Gross Building Area: 3,000
  • Building Area: 1,868
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,868
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001610
  • 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: 1740000000
  • Parcel: READ M:043.0-0000-0012.0
  • Municipality: READING
  • Latitude: 42.5454
  • Longitude: -71.1345

    Address

  • Full Address: 456 Grove St
  • Address - House Number: 456
  • Address - Street Name: Grove
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C031
  • 4-Digit Zip Code: 1210
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $958,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.0778
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 94
  • Final Value: 751,225
  • High Value: 809,688
  • Low Value: 692,762

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $817,800
  • Assessed Land Value: $474,200
  • Assessed Improvements Value: $343,600

    Sales

  • Current Sale Contract Date: Mar 28, 2024
  • Current Sale Recording Date: Mar 28, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 30369
  • Previous Sale Recording Date: Jun 19, 2000
  • Previous Sale Amount: $190,000
  • 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:

$866,500

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2107 ft²

Average Home Age

60.3 years

Currently For Sale

42 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.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73187040

Frequently Asked Questions

When was property at 456 Grove Street built and last sold?
The property at 456 Grove Street was built in 1979 and last sold on Mar 28, 2024 for $700,000.
How much is this home worth?
The estimated value of the home located at 456 Grove Street is $744,091.
What are some comparable homes to 456 Grove Street?
There are currently no comparable homes to 456 Grove Street.
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