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Reading 01867
545 Franklin Street
$408,000
● House - Off Market

545 Franklin Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
999 Ft²
$830,218
RealtyHop Estimate
107.61%
Since Jul 1, 2003
MA-Boston
Primary Model

About This Property

NEED JUNE 6TH CLOSE. PICTURE PERFECT HOUSE WITH MANY UPDATES INCL.KIT,BATH,3 SEAS.PORCH,DECK,HARDWOOD, THIS IS A TURN-KEY PROPERTY.EXTENS.LANDSCAPING,SEE FEATURE SHEET FOR SPECIFICS.
Unit Size
999 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$400
Property Type
House
Property Taxes
$316
HOA Dues
-
Year Built
1949

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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 #30704969)

Price History

Date / Event Date Event Price
Nov 2, 2021 Sold
Premium
Sold
Oct 13, 2021 Listed by Carlson GMAC Real Estate $729,900
Listed by Carlson GMAC Real Estate
Jun 6, 2003 Sold
Premium
Sold
Apr 1, 2003 Listed by Carlson GMAC Real Estate $399,900
Listed by Carlson GMAC Real Estate
May 21, 2001 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 804
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,011
  • Total Building Area: 1,344
  • Gross Building Area: 3,106
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000345
  • 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: 1520000000
  • Parcel: READ M:038.0-0000-0094.0
  • Municipality: READING
  • Latitude: 42.5425
  • Longitude: -71.1242

    Address

  • Full Address: 545 Franklin St
  • Address - House Number: 545
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C031
  • 4-Digit Zip Code: 1224
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $961,300

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 852,885
  • High Value: 985,630
  • Low Value: 720,139

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $820,200
  • Assessed Land Value: $458,900
  • Assessed Improvements Value: $361,300

    Sales

  • Current Sale Contract Date: Nov 01, 2021
  • Current Sale Recording Date: Nov 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 240138
  • Previous Sale Recording Date: May 21, 2001
  • Previous Sale Amount: $357,000
  • 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:

$849,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2197 ft²

Average Home Age

55.6 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 30704969

Frequently Asked Questions

When was property at 545 Franklin Street built and last sold?
The property at 545 Franklin Street was built in 1949 and last sold on Nov 1, 2021 for $765,000.
How much is this home worth?
The estimated value of the home located at 545 Franklin Street is $706,706.
What are some comparable homes to 545 Franklin Street?
There are currently no comparable homes to 545 Franklin Street.
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