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Reading 01867
74 Mount Vernon St.
$445,000
● House - Off Market

74 Mount Vernon St.

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,582 Ft²
$745,757
RealtyHop Estimate
65.76%
Since Nov 1, 2016
MA-Boston
Primary Model

About This Property

Attractive New England Colonial, located just a short distance from the library, town center, commuter rail, bus route, shopping and restaurants. This home has had a number of  improvements in recent years, not limited to the attractive vinyl siding, up-dated electrical, master bedroom addition including the second floor laundry station, patio and fenced in rear yard. This charming home is ready for your personal touch.
Unit Size
1,582 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$284
Property Type
House
Property Taxes
$449
HOA Dues
-
Year Built
1880

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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 #72054421)

Price History

Date / Event Date Event Price
Oct 6, 2016 Sold
Premium
Sold
Aug 17, 2016 Listed by Boardwalk Real Estate $449,900
Listed by Boardwalk Real Estate
Jun 11, 2010 Sold
Premium
Sold
Mar 18, 2010 Listed by Boardwalk Real Estate $334,900
Listed by Boardwalk Real Estate
Jun 30, 2005 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1983
  • 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: 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: 868
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,289
  • Total Building Area: 1,582
  • Gross Building Area: 2,700
  • Building Area: 1,582
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,582
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000190
  • 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: 730000000
  • Parcel: READ M:021.0-0000-0131.0
  • Municipality: READING
  • Latitude: 42.524
  • Longitude: -71.1105

    Address

  • Full Address: 74 Mount Vernon St
  • Address - House Number: 74
  • Address - Street Name: Mount Vernon
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C003
  • 4-Digit Zip Code: 2540
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $806,200

    Appraisal Valuation

  • Standard Deviation: 0.2175
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 739,181
  • High Value: 900,011
  • Low Value: 578,351

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $687,900
  • Assessed Land Value: $434,300
  • Assessed Improvements Value: $253,600

    Sales

  • Current Sale Recording Date: Oct 06, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 178243
  • Previous Sale Recording Date: Jun 11, 2010
  • Previous Sale Amount: $320,000
  • 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

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

$4,455 /mo

  • 2 Beds
  • 2 Baths
  • 1,047 ft²
200 Quannapowitt Parkway #B14.1B, 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# 72054421

Frequently Asked Questions

When was property at 74 Mt Vernon Street built and last sold?
The property at 74 Mt Vernon Street was built in 1880 and last sold on Jan 1, 1970 for $445,000.
How much is this home worth?
The estimated value of the home located at 74 Mt Vernon Street is $470,757.
What are some comparable homes to 74 Mt Vernon Street?
There are currently no comparable homes to 74 Mt Vernon Street.
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