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Reading 01867
72 Grand Street
$550,000
● House - Off Market

72 Grand Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,468 Ft²
$783,108
RealtyHop Estimate
42.41%
Since Nov 1, 2019
MA-Boston
Primary Model

About This Property

Special opportunity to put your personal touch on this great residence on one of the "Grand"-est streets in the library area of Reading!  Quaint Colonial sited nicely on a lovely lot in a beautiful neighborhood. First floor features front-to-back living room leading to a rear screen porch, eat-in kitchen with breakfast nook, dining room with built-in corner hutch & 1/2 bath. Second floor features 3 spacious bedrooms, including front-to-back master with window seats/storage & multiple closets, & one full bath. Updates include: furnace, roof, basement French drain system and vinyl windows. Great backyard for play & entertaining. Short walk to downtown Reading & easy access to Route 93. Great chance to build equity now!! Don't miss--first showings at first open house Saturday 9/7 11 am - 12:30 pm.
Unit Size
1,468 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$375
Property Type
House
Property Taxes
$601
HOA Dues
-
Year Built
1936

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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 #72560244)

Price History

Date / Event Date Event Price
Oct 18, 2019 Sold
Premium
Sold
Sep 5, 2019 Listed by Related Beal Sales, LLC $549,900
Listed by Related Beal Sales, LLC

Property Highlights

Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 2
  • Basement Area: 684
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,206
  • Total Building Area: 1,626
  • Gross Building Area: 2,568
  • Building Area: 1,626
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,626
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000234
  • 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: 840000000
  • Parcel: READ M:021.0-0000-0277.0
  • Municipality: READING
  • Latitude: 42.5283
  • Longitude: -71.1135

    Address

  • Full Address: 72 Grand St
  • Address - House Number: 72
  • Address - Street Name: Grand
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C003
  • 4-Digit Zip Code: 2413
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $865,800

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 823,137
  • High Value: 967,477
  • Low Value: 678,798

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $738,700
  • Assessed Land Value: $440,900
  • Assessed Improvements Value: $297,800

    Sales

  • Current Sale Contract Date: Oct 11, 2019
  • Current Sale Recording Date: Oct 18, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 160364
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

2173 ft²

Average Home Age

54 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

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, 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# 72560244

Frequently Asked Questions

When was property at 72 Grand Street built and last sold?
The property at 72 Grand Street was built in 1936 and last sold on Oct 11, 2019 for $550,000.
How much is this home worth?
The estimated value of the home located at 72 Grand Street is $565,613.
What are some comparable homes to 72 Grand Street?
There are currently no comparable homes to 72 Grand Street.
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