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Reading 01867
7 Washington Street
$700,000
● House - Off Market

7 Washington Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,435 Ft²
$694,490
RealtyHop Estimate
-0.79%
Since Nov 1, 2023
MA-Boston
Primary Model

About This Property

Your wait is over - introducing 7 Washington Street, Reading!  This charming colonial is situated on a quiet dead-end street and includes a private, fenced-in backyard perfect for entertaining.  With an abundance of natural light throughout, this home features a beaming kitchen with skylight windows and vaulted ceilings.  The second floor showcases three bedrooms and a full bath.  Minutes from all the amenities of downtown Reading including restaurants, shopping and public transportation.  Open house Saturday, Aug 26th and Sunday, Aug 27th 11am-1pm. Offers due Monday, Aug. 28th at 3pm.
Unit Size
1,435 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$488
Property Type
House
Property Taxes
$702
HOA Dues
-
Year Built
1900

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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 #73152021)

Price History

Date / Event Date Event Price
Oct 10, 2023 Sold
Premium
Sold
Aug 29, 2023 In contract -
In contract
Aug 23, 2023 Listed by Engel & Volkers By the Sea $700,000
Listed by Engel & Volkers By the Sea
Apr 24, 2017 Sold
Premium
Sold
Jan 5, 2017 Listed by Engel & Volkers By the Sea $519,900
Listed by Engel & Volkers By the Sea
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 950
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,780
  • Total Building Area: 1,435
  • Gross Building Area: 2,706
  • Building Area: 1,435
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,435
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000133
  • 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: 510000000
  • Parcel: READ M:016.0-0000-0213.0
  • Municipality: READING
  • Latitude: 42.5227
  • Longitude: -71.1109

    Address

  • Full Address: 7 Washington St
  • Address - House Number: 7
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C027
  • 4-Digit Zip Code: 2508
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $832,700

    Appraisal Valuation

  • Standard Deviation: 0.1803
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 782,050
  • High Value: 923,067
  • Low Value: 641,034

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $710,500
  • Assessed Land Value: $425,700
  • Assessed Improvements Value: $284,800

    Sales

  • Current Sale Contract Date: Oct 10, 2023
  • Current Sale Recording Date: Oct 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 114123
  • Previous Sale Recording Date: Apr 24, 2017
  • Previous Sale Amount: $500,000
  • 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:

$866,500

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2107 ft²

Average Home Age

60.3 years

Currently For Sale

42 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

$3,380 /mo

  • 2 Beds
  • 2 Baths
  • 1,070 ft²
200 Quannapowitt Parkway #B1aP, 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# 73152021

Frequently Asked Questions

When was property at 7 Washington Street built and last sold?
The property at 7 Washington Street was built in 1900 and last sold on Oct 10, 2023 for $700,000.
How much is this home worth?
The estimated value of the home located at 7 Washington Street is $691,652.
What are some comparable homes to 7 Washington Street?
There are currently no comparable homes to 7 Washington Street.
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