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Reading 01867
50 Mill Street
$660,000
● House - Off Market

50 Mill Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,684 Ft²
$617,034
RealtyHop Estimate
2.86%
Since Aug 1, 2022
MA-Boston
Primary Model

About This Property

THE PERFECT STARTER or DOWNSIZING HOME, this charming 3 Bedroom Ranch is VERY CONVENIENT to Elementary School & major traveling routes, yet is surrounded by SERENE LUSH CONSERVATION LAND.  Hardwood Floors, 3 spacious bedrooms with ample closet space & living room with fireplace.  Updated kitchen with granite and stainless steel appliances and a separate dining area.  Full bath has been updated!  Lower Level features a versatile floor plan with high ceilings.  Oversized family room with new floors, and plus extra storage & laundry hookups!  Walk out to private patio and new fenced in yard! Do not miss this opportunity to live in Reading!
Unit Size
1,684 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$356
Property Type
House
Property Taxes
$624
HOA Dues
-
Year Built
1970

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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 #72994545)

Price History

Date / Event Date Event Price
Jul 19, 2022 Sold
Premium
Sold
Jun 8, 2022 Listed by Leading Edge Real Estate $599,900
Listed by Leading Edge Real Estate
May 31, 2018 Sold
Premium
Sold
May 2, 2018 Listed by Leading Edge Real Estate $489,900
Listed by Leading Edge Real Estate
Oct 26, 2007 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,092
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,396
  • Total Building Area: 1,684
  • Gross Building Area: 2,590
  • Building Area: 1,684
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,684
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000698
  • 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: 2360000000
  • Parcel: READ M:056.0-0000-0059.0
  • Municipality: READING
  • Latitude: 42.5604
  • Longitude: -71.1083

    Address

  • Full Address: 50 Mill St
  • Address - House Number: 50
  • Address - Street Name: Mill
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C012
  • 4-Digit Zip Code: 1061
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $803,300

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 747,858
  • High Value: 879,714
  • Low Value: 616,002

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $685,400
  • Assessed Land Value: $483,200
  • Assessed Improvements Value: $202,200

    Sales

  • Current Sale Contract Date: Jul 19, 2022
  • Current Sale Recording Date: Jul 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 110076
  • Previous Sale Recording Date: May 31, 2018
  • Previous Sale Amount: $506,000
  • Previous Sale Document Type: O
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

$456

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2135 ft²

Average Home Age

57.1 years

Currently For Sale

35 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# 72994545

Frequently Asked Questions

When was property at 50 Mill Street built and last sold?
The property at 50 Mill Street was built in 1970 and last sold on Jul 19, 2022 for $660,000.
How much is this home worth?
The estimated value of the home located at 50 Mill Street is $615,720.
What are some comparable homes to 50 Mill Street?
There are currently no comparable homes to 50 Mill Street.
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