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Reading 01867
56 Highland Street
$520,000
● House - Off Market

56 Highland Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,972 Ft²
$714,701
RealtyHop Estimate
42.97%
Since Jan 1, 2020
MA-Boston
Primary Model

About This Property

BUNGALOW DREAMS in this gem of a home!  CHARMING comes easy to this three-bedroom 2 bath home, situated on a BEAUTIFUL and opportunistic LOT.  LOVED FOR MANY YEARS, it's now time for the right buyer to make some necessary updates and call it their own.  Open up the PICTURESQUE front porch, add some life to the second floor.. the ideas will flow as you walk through the character filled 1,972 sq. ft. home. First floor houses 2 bedrooms, living room with fireplace, charming original kitchen, family room, office and full bath. Second floor has a bedroom and ¾ bath.  Located in a desirable Reading neighborhood, near commuter rail and trendy downtown.. Condos watch out.. this home has it all!
Unit Size
1,972 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$254
Property Type
House
Property Taxes
$587
HOA Dues
-
Year Built
1920

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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 #72584364)

Price History

Date / Event Date Event Price
Dec 4, 2019 Sold
Premium
Sold
Oct 24, 2019 Listed by Classified Realty Group $499,900
Listed by Classified Realty Group
Dec 11, 1965 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,152
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,153
  • Total Building Area: 1,972
  • Gross Building Area: 3,968
  • Building Area: 1,972
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,972
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000279
  • 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: 860000000
  • Parcel: READ M:021.0-0000-0365.0
  • Municipality: READING
  • Latitude: 42.5286
  • Longitude: -71.1074

    Address

  • Full Address: 56 Highland St
  • Address - House Number: 56
  • Address - Street Name: Highland
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C009
  • 4-Digit Zip Code: 2148
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $762,900

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 756,591
  • High Value: 889,403
  • Low Value: 623,778

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $650,900
  • Assessed Land Value: $447,600
  • Assessed Improvements Value: $203,300

    Sales

  • Current Sale Contract Date: Dec 03, 2019
  • Current Sale Recording Date: Dec 04, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 191169
  • Previous Sale Recording Date: Dec 11, 1965
  • Previous Sale Amount: $18,500
  • 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

2173 ft²

Average Home Age

54 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

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# 72584364

Frequently Asked Questions

When was property at 56 Highland Street built and last sold?
The property at 56 Highland Street was built in 1920 and last sold on Dec 3, 2019 for $520,000.
How much is this home worth?
The estimated value of the home located at 56 Highland Street is $531,585.
What are some comparable homes to 56 Highland Street?
There are currently no comparable homes to 56 Highland Street.
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