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Reading 01867
507 Pearl Street
Photo of 507 Pearl Street
Sold on Sep 29, 2006

1

Map

$360,000
● House - Off Market

507 Pearl Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,056 Ft²
$686,686
RealtyHop Estimate
82.19%
Since Oct 1, 2006
MA-Boston
Primary Model

About This Property

Fantastic expansion potential! Set on a gorgeous 20,000+ sq. ft. corner lot to a dead-end street of newer homes, this solid 6 rm ranch with 1c garage under has endless possibilities! Hardwood floors under carpeting, replacement windows, fireplaced livingroom, partially finished LL with heat/fireplace and garage access, screened porch.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$357
Property Type
House
Property Taxes
$357
HOA Dues
-
Year Built
1955

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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 #70430035)

Price History

Date / Event Date Event Price
Sep 29, 2006 Sold
Premium
Sold
Jul 26, 2006 Listed $376,900
Listed

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,056
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,199
  • Total Building Area: 2,640
  • Gross Building Area: 3,492
  • Building Area: 2,640
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,640
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000464
  • 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: 1960000000
  • Parcel: READ M:046.0-0000-0060.0
  • Municipality: READING
  • Latitude: 42.5492
  • Longitude: -71.1035

    Address

  • Full Address: 507 Pearl St
  • Address - House Number: 507
  • Address - Street Name: Pearl
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C012
  • 4-Digit Zip Code: 1142
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,161,800

    Appraisal Valuation

  • Standard Deviation: 0.1803
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 942,938
  • High Value: 1,112,965
  • Low Value: 772,911

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $991,300
  • Assessed Land Value: $476,800
  • Assessed Improvements Value: $514,500

    Sales

  • Current Sale Recording Date: Sep 29, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00187465
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:

$874,900

Sale Price/ft²

$458

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2049 ft²

Average Home Age

55 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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$4,030 /mo

  • 2 Beds
  • 2 Baths
  • 1,116 ft²
200 Quannapowitt Parkway #B7P, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70430035

Frequently Asked Questions

When was property at 507 Pearl Street built and last sold?
The property at 507 Pearl Street was built in 1955 and last sold on Jan 1, 1970 for $360,000.
How much is this home worth?
The estimated value of the home located at 507 Pearl Street is $386,245.
What are some comparable homes to 507 Pearl Street?
There are currently no comparable homes to 507 Pearl Street.
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