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$313,000
● House - Off Market

55 Locust

Reading, MA
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,414 Ft²
$619,548
RealtyHop Estimate
90.63%
Since Apr 1, 2014
National-US
Primary Model

About This Property

Great starter home! Close to town, public transportation and schools. Fantastic commuter access! Lovely custom detail and cabinetry throughout. Front porch, terraced yard with rock wall accents and stone patio. Expansion potential...
Unit Size
1,414 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$230
Property Type
House
Property Taxes
$372
HOA Dues
-
Year Built
-

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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 years ago (MLSPIN #71608039)

Price History

Date / Event Date Event Price
Mar 7, 2014 Sold
Premium
Sold
Nov 13, 2013 Listed by Coldwell Banker Realty - Lynnfield $325,000
Listed by Coldwell Banker Realty - Lynnfield

Property Highlights

Air Conditioning
Fireplace
Interior Details
Level: First
Features: Closet/Cabinets - Custom Built
Level: First
Features: Closet, Flooring - Hardwood
Features: Closet/Cabinets - Custom Built, Flooring - Hardwood
Level: First
Features: Bathroom - Full
Features: Closet/Cabinets - Custom Built, Flooring - Hardwood
Level: First
Level: First
Features: Closet/Cabinets - Custom Built, Flooring - Hardwood, Cable Hookup
Features: Bathroom - Half
Features: No
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Oven, Dishwasher, Disposal, Refrigerator, Gas Water Heater
Flooring Type: Wood, Vinyl
Laundry Features: First Floor
Rooms: 5
Has Fireplace
Fireplace Features: Dining Room
Fireplaces: 1
Parking Details
Parking Features: Paved Drive, Paved
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Single Family Residence
Building Area Units: Square Feet
Patio and Porch Features: Screened, Patio
Lead Paint: Unknown
Lot Size Area: 0.22
Lot Size Units: Acres
Lot Size Acres: 0.22
Zoning: S15
Parcel Number: 735131
Water Source: Public
Financial Details
Tax Assessed Value: $298,500
Tax Annual Amount: $4,460
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Radiant, Electric
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Highway Access, House of Worship, Public School

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 71608039
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