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Reading 01867
58 Oak St.
$875,000
● House - Off Market

58 Oak St.

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,526 Ft²
$841,120
RealtyHop Estimate
-1.04%
Since Oct 1, 2023
MA-Boston
Primary Model

About This Property

Great Opportunity Center Entry Colonial 4 bedroom 2 1/2 Bath with 1 car garage in Reading's West side featuring a large yard with finished walk out basement. Updated bathrooms, freshly refurbished hardwood floors.  Easy to show.
Unit Size
2,526 Ft²
Days on Market
-
Land Size
0.76 acres
Price per sqft
$337
Property Type
House
Property Taxes
$820
HOA Dues
-
Year Built
1962

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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 #73143930)

Price History

Date / Event Date Event Price
Sep 25, 2023 Sold
Premium
Sold
Aug 10, 2023 In contract -
In contract
Aug 2, 2023 Listed by RE/MAX Renaissance Inc. $850,000
Listed by RE/MAX Renaissance Inc.
Dec 21, 2007 Sold
Premium
Sold
Apr 21, 1987 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • 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: 816
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,914
  • Total Building Area: 2,126
  • Gross Building Area: 3,115
  • Building Area: 2,126
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,126
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000756
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Maynard School District
  • School Tax School District: READING SD
  • Census Tract: 334100

Zoning

  • Zoning: S15

Geography

  • Account Number: 240000000
  • Parcel: READ M:011.0-0000-0012.0
  • Municipality: READING
  • Latitude: 42.5133
  • Longitude: -71.1143

    Address

  • Full Address: 58 Oak St
  • Address - House Number: 58
  • Address - Street Name: Oak
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C026
  • 4-Digit Zip Code: 3701
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,015,400
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 964,810
  • High Value: 1,123,543
  • Low Value: 806,077

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $866,400
  • Assessed Land Value: $491,400
  • Assessed Improvements Value: $375,000

    Sales

  • Current Sale Contract Date: Sep 25, 2023
  • Current Sale Recording Date: Sep 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 108061
  • Previous Sale Recording Date: Dec 21, 2007
  • Previous Sale Amount: $18,900,000
  • 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:

$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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$3,855 /mo

  • 2 Beds
  • 2 Baths
  • 1,139 ft²
200 Quannapowitt Parkway #B1A-G2B, 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# 73143930

Frequently Asked Questions

When was property at 58 Oak Street built and last sold?
The property at 58 Oak Street was built in 1962 and last sold on Sep 25, 2023 for $875,000.
How much is this home worth?
The estimated value of the home located at 58 Oak Street is $874,709.
What are some comparable homes to 58 Oak Street?
There are currently no comparable homes to 58 Oak Street.
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