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Reading 01867
59 Belmont St.
$710,000
● House - Off Market

59 Belmont St.

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,344 Ft²
$596,995
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

Welcome to your dream property in Reading, MA! This charming 3-bedroom Cape is situated on a highly desirable street, close to Memorial Park and highway 95. You will love the spacious backyard with mature trees and a detached garage with car port. The attractive exterior of this home features new masonry walkways and a welcoming front yard and entrance. Inside, you will find a cozy living room with fireplace, a dining room with built-in cabinets, a kitchen with ample storage space, and a study or nursery. The main floor also has a bedroom and a half bath for your convenience. Upstairs, there are two spacious bedrooms with hardwood floors and a full bath with tile. This lovely Cape in Reading is waiting for you!
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.83 acres
Price per sqft
$443
Property Type
House
Property Taxes
$712
HOA Dues
-
Year Built
1948

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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: 5 months ago (MLSPIN #73109477)

Price History

Date / Event Date Event Price
Jun 22, 2023 Sold
Premium
Sold
May 17, 2023 In contract -
In contract
May 10, 2023 Listed by Coldwell Banker Realty - Lynnfield $595,000
Listed by Coldwell Banker Realty - Lynnfield
Feb 27, 1965 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 7
  • Basement Area: 768
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 36,055
  • Total Building Area: 1,344
  • Gross Building Area: 2,854
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000828
  • 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: 900000000
  • Parcel: READ M:028.0-0000-0026.0
  • Municipality: READING
  • Latitude: 42.53
  • Longitude: -71.0934

    Address

  • Full Address: 59 Belmont St
  • Address - House Number: 59
  • Address - Street Name: Belmont
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C024
  • 4-Digit Zip Code: 1818
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $881,500

    Appraisal Valuation

  • Standard Deviation: 0.1592
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 790,033
  • High Value: 915,858
  • Low Value: 664,209

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $752,100
  • Assessed Land Value: $501,600
  • Assessed Improvements Value: $250,500

    Sales

  • Current Sale Contract Date: Jun 22, 2023
  • Current Sale Recording Date: Jun 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 67316
  • Previous Sale Recording Date: Feb 23, 2016
  • 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:

$879,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2200 ft²

Average Home Age

52.5 years

Currently For Sale

27 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

$3,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,157 ft²
200 Quannapowitt Parkway #B13, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73109477

Frequently Asked Questions

When was property at 59 Belmont Street built and last sold?
The property at 59 Belmont Street was built in 1948 and last sold on Jun 22, 2023 for $710,000.
How much is this home worth?
The estimated value of the home located at 59 Belmont Street is $613,795.
What are some comparable homes to 59 Belmont Street?
There are currently no comparable homes to 59 Belmont Street.
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