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Reading 01867
58 Orange Street
$400,000
● House - Off Market

58 Orange Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,559 Ft²
$710,296
RealtyHop Estimate
84.49%
Since Apr 1, 2014
MA-Boston
Primary Model

About This Property

Don't miss this wonderful opportunity to own a colonial styled farm house, complete with large barn and outbuildings. These structures could have many uses. The first floor of this sunny home has many features: living room with bay window, sky light, fireplace, large dining room, family room, and updated kitchen with a breakfast area overlooking rear patio, and a small unheated room. The second floor, is in need of some attention.  There is a full bath and 3 decent sized bedrooms, all with small walk in closets.   Add your finishing touches to make this diamond in the rough really shine.
Unit Size
1,559 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$247
Property Type
House
Property Taxes
$473
HOA Dues
-
Year Built
1864

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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 #71631978)

Price History

Date / Event Date Event Price
Jul 21, 2021 Sold
Premium
Sold
Apr 6, 2021 Listed by RE/MAX Leading Edge $775,000
Listed by RE/MAX Leading Edge
Mar 27, 2014 Sold
Premium
Sold
Feb 10, 2014 Listed by RE/MAX Leading Edge $385,000
Listed by RE/MAX Leading Edge

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1864
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 786
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,559
  • Gross Building Area: 3,013
  • Building Area: 1,559
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,559
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • 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: 334400

Zoning

  • Zoning: S15

Geography

  • Account Number: 1060000000
  • Parcel: READ M:028.0-0000-0107.0
  • Municipality: READING
  • Latitude: 42.5291
  • Longitude: -71.0956

    Address

  • Full Address: 58 Orange St
  • Address - House Number: 58
  • Address - Street Name: Orange
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C029
  • 4-Digit Zip Code: 2631
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $916,500

    Appraisal Valuation

  • Standard Deviation: 0.2186
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 873,794
  • High Value: 1,064,855
  • Low Value: 682,734

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $782,000
  • Assessed Land Value: $466,200
  • Assessed Improvements Value: $315,800

    Sales

  • Current Sale Contract Date: Jul 21, 2021
  • Current Sale Recording Date: Jul 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 163974
  • Previous Sale Recording Date: Mar 27, 2014
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: O
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

$2,900 /mo

  • 1 Bed
  • 1 Bath
  • 741 ft²
200 Quannapowitt Parkway #A1, 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# 71631978

Frequently Asked Questions

When was property at 58 Orange Street built and last sold?
The property at 58 Orange Street was built in 1864 and last sold on Jul 21, 2021 for $844,000.
How much is this home worth?
The estimated value of the home located at 58 Orange Street is $770,681.
What are some comparable homes to 58 Orange Street?
There are currently no comparable homes to 58 Orange Street.
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