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Reading 01867
86 Washington Street
$384,400
● House - Off Market

86 Washington Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,302 Ft²
$721,168
RealtyHop Estimate
89.83%
Since Dec 1, 2013
MA-Boston
Primary Model

About This Property

Charming well maintained Colonial located across from Washington Park; walking distance to train, library and town center, with easy access to all highways.  Updates Include -2006 heating system: 2010 first floor full bath, chimney cap and exterior of home power washed: 2011 interior painted & a Reeds-Ferry shed: nice wood floors throughout, prior owner updates: replacement windows and central A/C. This  home offers a formal living room, dining room, full bath, first floor office ,laundry and a large kitchen. The second floor has three bedrooms and a full bath, large front porch with views of the Park.
Unit Size
1,302 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$292
Property Type
House
Property Taxes
$419
HOA Dues
-
Year Built
1900

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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 #71597390)

Price History

Date / Event Date Event Price
Jul 14, 2021 Sold
Premium
Sold
Apr 21, 2021 Listed by Boardwalk Real Estate $600,000
Listed by Boardwalk Real Estate
Nov 22, 2013 Sold
Premium
Sold
Oct 16, 2013 Listed by Boardwalk Real Estate $379,900
Listed by Boardwalk Real Estate
Apr 30, 2008 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 7
  • Basement Area: 840
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,061
  • Total Building Area: 1,302
  • Gross Building Area: 2,456
  • Building Area: 1,302
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,302
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000162
  • 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: 334100

Zoning

  • Zoning: S15

Geography

  • Account Number: 520000000
  • Parcel: READ M:016.0-0000-0233.0
  • Municipality: READING
  • Latitude: 42.5208
  • Longitude: -71.1078

    Address

  • Full Address: 86 Washington St
  • Address - House Number: 86
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C027
  • 4-Digit Zip Code: 3526
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $737,400

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 711,863
  • High Value: 836,824
  • Low Value: 586,902

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $629,200
  • Assessed Land Value: $382,200
  • Assessed Improvements Value: $247,000

    Sales

  • Current Sale Contract Date: Jul 14, 2021
  • Current Sale Recording Date: Jul 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 158732
  • Previous Sale Recording Date: Nov 22, 2013
  • Previous Sale Amount: $384,400
  • Previous Sale Document Type: O
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

$4,030 /mo

  • 2 Beds
  • 2 Baths
  • 1,116 ft²
200 Quannapowitt Parkway #B7P, 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# 71597390

Frequently Asked Questions

When was property at 86 Washington Street built and last sold?
The property at 86 Washington Street was built in 1900 and last sold on Jul 14, 2021 for $615,000.
How much is this home worth?
The estimated value of the home located at 86 Washington Street is $603,171.
What are some comparable homes to 86 Washington Street?
There are currently no comparable homes to 86 Washington Street.
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