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Reading 01867
745 Pearl St
$465,000
● House - Off Market

745 Pearl St

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,872 Ft²
$902,739
RealtyHop Estimate
90.09%
Since Oct 1, 2013
MA-Boston
Primary Model

About This Property

OH 7/14 130-3PM. NEW PRICE! Bare Meadow/ abuts peaceful nature preserve on manicured 1/2 acre w/ updates incl. newer roof, since 2003: hw tank, windows, siding, baths/laundry, utilities, year-round sunroom addition and maint. free decking, some refinished hardwood floors, paint & 2012 furnace. Just off 28 near access to 93 and close to schools, train and town.  Perfect for those who want to spread out and enjoy all that Reading and this home has to offer! Short walk to Dandi Lyons & Home Goods!
Unit Size
1,872 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$254
Property Type
House
Property Taxes
$519
HOA Dues
-
Year Built
1974

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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 #71547882)

Price History

Date / Event Date Event Price
Sep 3, 2013 Sold
Premium
Sold
Jun 27, 2013 Listed by RE/MAX Leading Edge $474,900
Listed by RE/MAX Leading Edge

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,104
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,270
  • Total Building Area: 1,976
  • Gross Building Area: 2,708
  • Building Area: 1,976
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,976
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000488
  • 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: 334300

Zoning

  • Zoning: S20

Geography

  • Account Number: 2370000000
  • Parcel: READ M:056.0-0000-0094.0
  • Municipality: READING
  • Latitude: 42.5587
  • Longitude: -71.1051

    Address

  • Full Address: 745 Pearl St
  • Address - House Number: 745
  • Address - Street Name: Pearl
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C012
  • 4-Digit Zip Code: 1147
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $965,400

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 860,067
  • High Value: 1,010,882
  • Low Value: 709,252

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $823,700
  • Assessed Land Value: $480,500
  • Assessed Improvements Value: $343,200

    Sales

  • Current Sale Recording Date: Sep 03, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000165
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:

$869,900

Sale Price/ft²

$458

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2110 ft²

Average Home Age

56.2 years

Currently For Sale

38 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71547882

Frequently Asked Questions

When was property at 745 Pearl Street built and last sold?
The property at 745 Pearl Street was built in 1974 and last sold on Jan 1, 1970 for $465,000.
How much is this home worth?
The estimated value of the home located at 745 Pearl Street is $496,678.
What are some comparable homes to 745 Pearl Street?
There are currently no comparable homes to 745 Pearl Street.
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