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Reading 01867
87 Prescott Street
$385,000
● House - Off Market

87 Prescott Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,300 Ft²
$662,765
RealtyHop Estimate
89.42%
Since Sep 1, 2013
MA-Boston
Primary Model

About This Property

West side location! Large Colonial within walking distance to train, schools and library.  Large rooms, high ceilings, open concept dining room and  kitchen with soap stone sink and fire place. Home needs work, to be sold 'As Is'
Unit Size
1,300 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$269
Property Type
House
Property Taxes
$548
HOA Dues
-
Year Built
1891

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71494521)

Price History

Date / Event Date Event Price
Aug 22, 2013 Sold
Premium
Sold
Mar 15, 2013 Listed by Boardwalk Real Estate $349,900
Listed by Boardwalk Real Estate
Oct 26, 2001 Sold
Premium
Sold
Jul 18, 2001 Listed by Colonial Manor Realty $329,900
Listed by Colonial Manor Realty
WELL LOCATED, LOVINGLY MAINTAINED COLONIAL. SPACIOUS RM'S BUT A BIT DATED. LR HAS LOVELY MANTLED FP, BAY WINDOW. HW FLRS ON 1ST FLR. LRG KIT W/NICE CABINETS LEADS TO SCREENED PORCH AND YARD W/UNUSED GUNITE POOL. SEE LR FOR MORE INFO.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1891
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,303
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 9,239
  • Total Building Area: 2,324
  • Gross Building Area: 4,229
  • Building Area: 2,324
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,324
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000212
  • 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: 500000000
  • Parcel: READ M:016.0-0000-0154.0
  • Municipality: READING
  • Latitude: 42.5196
  • Longitude: -71.1127

    Address

  • Full Address: 87 Prescott St
  • Address - House Number: 87
  • Address - Street Name: Prescott
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C027
  • 4-Digit Zip Code: 3436
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,176,000

    Appraisal Valuation

  • Standard Deviation: 0.2207
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 69
  • Final Value: 1,133,024
  • High Value: 1,383,136
  • Low Value: 882,912

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,003,400
  • Assessed Land Value: $529,600
  • Assessed Improvements Value: $473,800

    Sales

  • Current Sale Recording Date: Aug 22, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 185008
  • Previous Sale Recording Date: Aug 22, 2013
  • Previous Sale Amount: $385,000
  • 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

$4,425 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1P, 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# 71494521

Frequently Asked Questions

When was property at 87 Prescott Street built and last sold?
The property at 87 Prescott Street was built in 1891 and last sold on Jan 1, 1970 for $385,000.
How much is this home worth?
The estimated value of the home located at 87 Prescott Street is $370,729.
What are some comparable homes to 87 Prescott Street?
There are currently no comparable homes to 87 Prescott Street.
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