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Reading 01867
831 Main St
$290,000
● House - Off Market

831 Main St

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,278 Ft²
$638,743
RealtyHop Estimate
99.67%
Since May 1, 2008
MA-Boston
Primary Model

About This Property

nice spacious home with modern kitchen, hardwood, lots of parking and big yard, property is sold in "as is" condition, buyers must have pre-qualification letter with offer, please allow 72 hours for response, buyers must sign any and all seller addendums & P&S within 3 days of sellers acceptance without changes to documents
Unit Size
2,278 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$140
Property Type
House
Property Taxes
$397
HOA Dues
-
Year Built
1870

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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 #70703305)

Price History

Date / Event Date Event Price
Apr 22, 2008 Sold
Premium
Sold
Jan 26, 2008 Listed by RE/MAX Leading Edge $319,900
Listed by RE/MAX Leading Edge
Aug 2, 2007 Sold
Premium
Sold
Sep 30, 2005 Sold
Premium
Sold
Apr 15, 2005 Listed by Boardwalk Real Estate $399,000
Listed by Boardwalk Real Estate
N.E. Colonial on large level lot. First floor family room boasts cathedral ceiling, skylights & sliders to mahogany deck; new electric convection stove/oven, new dishwasher, new disposal. Shed to be removed.
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 8
  • 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: 7
  • Basement Area: 1,270
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,855
  • Total Building Area: 2,279
  • Gross Building Area: 4,430
  • Building Area: 2,279
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,279
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000295
  • 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: 1040000000
  • Parcel: READ M:028.0-0000-0070.0
  • Municipality: READING
  • Latitude: 42.5301
  • Longitude: -71.1027

    Address

  • Full Address: 831 Main St
  • Address - House Number: 831
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C009
  • 4-Digit Zip Code: 1710
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $902,000

    Appraisal Valuation

  • Standard Deviation: 0.2422
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 66
  • Final Value: 771,497
  • High Value: 958,392
  • Low Value: 584,602

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $769,600
  • Assessed Land Value: $383,600
  • Assessed Improvements Value: $386,000

    Sales

  • Current Sale Recording Date: Apr 22, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00063460
  • Previous Sale Recording Date: Aug 02, 2007
  • Previous Sale Amount: $344,923
  • Previous Sale Document Type: 34
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:

$857,450

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2112 ft²

Average Home Age

58.9 years

Currently For Sale

43 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# 70703305

Frequently Asked Questions

When was property at 831 Main Street built and last sold?
The property at 831 Main Street was built in 1870 and last sold on Jan 1, 1970 for $290,000.
How much is this home worth?
The estimated value of the home located at 831 Main Street is $361,833.
What are some comparable homes to 831 Main Street?
There are currently no comparable homes to 831 Main Street.
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