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Reading 01867
570 Franklin Street
$501,000
● House - Off Market

570 Franklin Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,200 Ft²
$751,700
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model

About This Property

This delightful ranch has been well loved by its current owner for 47 years, and provides many recent updates.  Located in the Wood End School area, and close to Meadow Brook Country Club, this home is privately set way off the street, offering an abundance of privacy, a beautiful fenced yard, and an amazing two tiered deck with a natural landscape hiding it from the world outside!!  The light and bright updated white kitchen lets the sun shine in with vaulted ceiling and skylights, and opens to a spacious window filled family room...perfect for entertaining, playing, and relaxing. Other features include fireplaced living room, central air conditioning, and  a bonus room in basement, plus a one car garage.   Showings  begin on Saturday and Sunday at OPEN HOUSE, 12:00-1:30.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$400
Property Type
House
Property Taxes
$498
HOA Dues
-
Year Built
1958

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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 #72158438)

Price History

Date / Event Date Event Price
Jun 27, 2017 Sold
Premium
Sold
May 4, 2017 Listed by Colonial Manor Realty $479,900
Listed by Colonial Manor Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,024
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,344
  • Total Building Area: 1,331
  • Gross Building Area: 2,400
  • Building Area: 1,331
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,331
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000375
  • 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: 1340000000
  • Parcel: READ M:038.0-0000-0027.0
  • Municipality: READING
  • Latitude: 42.5411
  • Longitude: -71.1245

    Address

  • Full Address: 570 Franklin St
  • Address - House Number: 570
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C031
  • 4-Digit Zip Code: 1228
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $840,000

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 747,916
  • High Value: 879,205
  • Low Value: 616,626

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $716,700
  • Assessed Land Value: $440,300
  • Assessed Improvements Value: $276,400

    Sales

  • Current Sale Recording Date: Jun 27, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 98548
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

2197 ft²

Average Home Age

55.6 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72158438

Frequently Asked Questions

When was property at 570 Franklin Street built and last sold?
The property at 570 Franklin Street was built in 1958 and last sold on Jan 1, 1970 for $501,000.
How much is this home worth?
The estimated value of the home located at 570 Franklin Street is $492,505.
What are some comparable homes to 570 Franklin Street?
There are currently no comparable homes to 570 Franklin Street.
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