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Reading 01867
78 Charles Street
$417,000
● House - Off Market

78 Charles Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,539 Ft²
$737,699
RealtyHop Estimate
73.62%
Since Sep 1, 2015
MA-Boston
Primary Model

About This Property

Built in 1940 as the "dream home" of an English couple, This property is unique and has unlimited possibilities for many types of buyers. If you want a huge yard with mature gardens, beautiful flowering trees and bushes and a tree house plus plenty of space for everything then this is the place for you.Your updates and ideas will  bring this home to its full potential. Many special features include built-ins, hardwood floors, large unfinished attic space for expansion. First floor bath has a designated  space for a large shower. All new windows.. Many nooks and alcoves offer charm throughout the house. Unfinished FR has space for a wine or root cellar, cedar closet plus lots  of storage areas.  Located near Memorial Park.  Maybe this will be your dream house too.  Subject to selling finding suitable housing.
Unit Size
1,539 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$276
Property Type
House
Property Taxes
$504
HOA Dues
-
Year Built
1940

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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 #71819980)

Price History

Date / Event Date Event Price
Aug 19, 2015 Sold
Premium
Sold
Apr 15, 2015 Listed by Colonial Manor Realty $424,900
Listed by Colonial Manor Realty
Jul 28, 1992 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1950
  • 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: 19
  • 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: 1,040
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,351
  • Total Building Area: 1,539
  • Gross Building Area: 3,501
  • Building Area: 1,539
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,539
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000674
  • 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: 1150000000
  • Parcel: READ M:028.0-0000-0157.0
  • Municipality: READING
  • Latitude: 42.5317
  • Longitude: -71.1006

    Address

  • Full Address: 78 Charles St
  • Address - House Number: 78
  • Address - Street Name: Charles
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C015
  • 4-Digit Zip Code: 1755
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $824,600

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 734,637
  • High Value: 863,596
  • Low Value: 605,678

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $703,600
  • Assessed Land Value: $508,500
  • Assessed Improvements Value: $195,100

    Sales

  • Current Sale Recording Date: Aug 19, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 139438
  • Previous Sale Recording Date: Jul 28, 1992
  • Previous Sale Amount: $146,500
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

$3,115 /mo

  • 1 Bed
  • 1 Bath
  • 893 ft²
200 Quannapowitt Parkway #A6, 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# 71819980

Frequently Asked Questions

When was property at 78 Charles Street built and last sold?
The property at 78 Charles Street was built in 1940 and last sold on Jan 1, 1970 for $417,000.
How much is this home worth?
The estimated value of the home located at 78 Charles Street is $445,122.
What are some comparable homes to 78 Charles Street?
There are currently no comparable homes to 78 Charles Street.
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