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Reading 01867
559 Pearl St
$530,000
● House - Off Market

559 Pearl St

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,953 Ft²
$1,101,811
RealtyHop Estimate
108.28%
Since Nov 1, 2012
MA-Boston
Primary Model

About This Property

You will know that you have arrived from the moment you pass through the stone pillars that guard the driveway. This custom built expanded Cape features 4 beds & 2.5 baths. There is a 2 car garage to ensure that neither of you have to clean off the cars during our brutal New England winters! A wonderful layout that is sure to please any buyer. Amenities include a Master suite, Central Air, Hardwood Flooring, Gas Fireplace, Finished Basement, 1st Floor Laundry Rm & Large Level Lot with a deck.
Unit Size
1,953 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$271
Property Type
House
Property Taxes
$624
HOA Dues
-
Year Built
1973

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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 #71431311)

Price History

Date / Event Date Event Price
Oct 22, 2012 Sold
Premium
Sold
Sep 6, 2012 Listed by RE/MAX Leading Edge $529,000
Listed by RE/MAX Leading Edge
Dec 12, 2008 Sold
Premium
Sold
Jul 30, 2008 Listed by RE/MAX Leading Edge $509,900
Listed by RE/MAX Leading Edge
Jan 25, 2005 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 2
  • Basement Area: 1,116
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,086
  • Total Building Area: 2,511
  • Gross Building Area: 3,998
  • Building Area: 2,511
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,511
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000461
  • 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: 212A000000
  • Parcel: READ M:052.0-0000-0028.0
  • Municipality: READING
  • Latitude: 42.5516
  • Longitude: -71.1016

    Address

  • Full Address: 559 Pearl St
  • Address - House Number: 559
  • 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: $1,006,000

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 908,401
  • High Value: 1,068,286
  • Low Value: 748,516

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $858,400
  • Assessed Land Value: $476,400
  • Assessed Improvements Value: $382,000

    Sales

  • Current Sale Recording Date: Oct 22, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000022
  • Previous Sale Recording Date: Dec 12, 2008
  • Previous Sale Amount: $489,000
  • 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:

$857,450

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2112 ft²

Average Home Age

58.9 years

Currently For Sale

43 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

$2,975 /mo

  • 1 Bed
  • 1 Bath
  • 734 ft²
200 Quannapowitt Parkway #A1B, 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# 71431311

Frequently Asked Questions

When was property at 559 Pearl Street built and last sold?
The property at 559 Pearl Street was built in 1973 and last sold on Jan 1, 1970 for $530,000.
How much is this home worth?
The estimated value of the home located at 559 Pearl Street is $547,813.
What are some comparable homes to 559 Pearl Street?
There are currently no comparable homes to 559 Pearl Street.
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