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Reading 01867
55 Lowell Street
$628,000
● House - Off Market

55 Lowell Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,952 Ft²
$858,459
RealtyHop Estimate
38.46%
Since May 1, 2020
MA-Boston
Primary Model

About This Property

LOOK NO FURTHER! This Antique Colonial is in an amazing location AND in excellent condition. Sellers have replaced the roof and re-pointed the chimney. Half a mile to the commuter rail and even less to downtown Reading! The second floor boasts 3 bedrooms, 2 with fireplaces, and a full bath. Entertain in the spacious fenced in back yard with NEW stairs leading up to your awesome 3 season porch. Beautifully maintained Antique home with wide hardwood floors throughout. Excellent COMMUTER location with a neighborhood feel. Only 1.1 miles to Interstate 95,and 16 miles to BOSTON! Home is available for SHOWINGS!
Unit Size
1,952 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$318
Property Type
House
Property Taxes
$639
HOA Dues
-
Year Built
1810

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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 #72620015)

Price History

Date / Event Date Event Price
Apr 24, 2020 Sold
Premium
Sold
Feb 15, 2020 Listed by Lamacchia Realty, Inc. $620,000
Listed by Lamacchia Realty, Inc.
Feb 25, 1997 Sold
Premium
Sold
Dec 9, 1996 Listed by Lamacchia Realty, Inc. $149,000
Listed by Lamacchia Realty, Inc.

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1810
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 792
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,126
  • Total Building Area: 1,952
  • Gross Building Area: 2,888
  • Building Area: 1,952
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,952
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000164
  • 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: S15

Geography

  • Account Number: 750000000
  • Parcel: READ M:021.0-0000-0236.0
  • Municipality: READING
  • Latitude: 42.5269
  • Longitude: -71.1054

    Address

  • Full Address: 55 Lowell St
  • Address - House Number: 55
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C003
  • 4-Digit Zip Code: 2157
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $892,800

    Appraisal Valuation

  • Standard Deviation: 0.2171
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 811,015
  • High Value: 987,124
  • Low Value: 634,906

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $761,800
  • Assessed Land Value: $371,300
  • Assessed Improvements Value: $390,500

    Sales

  • Current Sale Contract Date: Apr 23, 2020
  • Current Sale Recording Date: Apr 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 60875
  • Previous Sale Recording Date: Feb 25, 1997
  • Previous Sale Amount: $140,000
  • 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:

$869,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2069 ft²

Average Home Age

60.3 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

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72620015

Frequently Asked Questions

When was property at 55 Lowell Street built and last sold?
The property at 55 Lowell Street was built in 1810 and last sold on Apr 23, 2020 for $628,000.
How much is this home worth?
The estimated value of the home located at 55 Lowell Street is $624,845.
What are some comparable homes to 55 Lowell Street?
There are currently no comparable homes to 55 Lowell Street.
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