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Reading 01867
57 Mount Vernon St
Photo of 57 Mount Vernon St
Sold on Jul 2, 2025

42

Map

Photo of 57 Mount Vernon St
Photo of 57 Mount Vernon St
$779,000
● House - Off Market

57 Mount Vernon St

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,701 Ft²
$4,499
Est. Monthly
4.82%
Cap Rate

About This Property

Welcome Home to 57 Mount Vernon St! This charming colonial with an incredible yard is ready for its new owners. A spacious living room and dining room lead you into the large, eat-in kitchen.  A pantry and a half bath with laundry (new washer/dryer) are located off of the kitchen. The second floor is complete with three bedrooms, along with two full bathrooms. The home has hardwood floors throughout, a front and back staircase, and a walk-up attic with finished bonus space!  DO NOT miss out on the yard, it is truly an oasis with garden beds, perennial gardens, bamboo, and your own outdoor shower. The location here can't be beat! .2 miles to the commuter rail, around the corner from the public library, and less than a mile to the many restaurants and shops in downtown Reading. Schedule your showing today!
Unit Size
1,701 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$458
Property Type
House
Property Taxes
$673
HOA Dues
-
Year Built
1970

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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: 2 years ago (MLSPIN #73366622)

Price History

Date / Event Date Event Price
Jul 2, 2025 Sold
Premium
Sold
May 7, 2025 In contract -
In contract
Apr 30, 2025 Listed $779,000
Listed
Aug 27, 2001 Sold
Premium
Sold
Jun 29, 2001 Listed $319,900
Listed
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 756
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,099
  • Total Building Area: 1,701
  • Gross Building Area: 3,207
  • Building Area: 1,701
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,701
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000255
  • 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: 334200

Zoning

  • Zoning: S15

Geography

  • Account Number: 730000000
  • Parcel: READ M:021.0-0000-0121.0
  • Municipality: READING
  • Latitude: 42.5244
  • Longitude: -71.1096

    Address

  • Full Address: 57 Mount Vernon St
  • Address - House Number: 57
  • Address - Street Name: Mount Vernon
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C003
  • 4-Digit Zip Code: 2541
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $817,500

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 828,496
  • High Value: 964,802
  • Low Value: 692,190

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $697,500
  • Assessed Land Value: $444,000
  • Assessed Improvements Value: $253,500

    Sales

  • Current Sale Recording Date: Aug 27, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 08, 1998
  • Previous Sale Amount: $245,000
  • 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

$458

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2110 ft²

Average Home Age

56.2 years

Currently For Sale

38 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

$3,905 /mo

  • 2 Beds
  • 2 Baths
  • 1,116 ft²
200 Quannapowitt Parkway #B7B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73366622

Frequently Asked Questions

When was property at 57 Mt Vernon Street built and last sold?
The property at 57 Mt Vernon Street was built in 1970 and last sold on Jan 1, 1970 for $313,000.
How much is this home worth?
The estimated value of the home located at 57 Mt Vernon Street is $0.
What are some comparable homes to 57 Mt Vernon Street?
There are currently no comparable homes to 57 Mt Vernon Street.
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