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Reading 01867
87 West
$735,000
● House - Off Market

87 West

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,793 Ft²
$783,527
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

HUGE PRICE ADJUSTMENT!   Well cared for and nicely updated with double pane windows, Hardiboard siding and high efficiency heating will save you $$$.   Oversized kitchen is recently remodeled inc. granite cabinets one month old!   Both baths are updated. Hardwood floors throughout.  You will appreciate the amenities but also the original charm. Lots of storage and surprises.....exrtra room off master and finished walk up attic! First floor laundry. L shaped lot on corner of cul de sac Countryside. Driveway and garage off of Countryside. Convenient location for commuters with train within short drive to train station with low daily parking and Rts 95 and 93.   Joshua Eaton and Parker schools district.
Unit Size
1,793 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$418
Property Type
House
Property Taxes
$641
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 #72980904)

Price History

Date / Event Date Event Price
Aug 12, 2022 Sold
Premium
Sold
May 20, 2022 Listed by RE/MAX Encore $749,900
Listed by RE/MAX Encore
Aug 5, 1993 Sold
Premium
Sold

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1980
  • 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: 1,100
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,441
  • Total Building Area: 1,793
  • Gross Building Area: 3,432
  • Building Area: 1,793
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,793
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000240
  • 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: 230000000
  • Parcel: READ M:006.0-0000-0139.0
  • Municipality: READING
  • Latitude: 42.5121
  • Longitude: -71.1218

    Address

  • Full Address: 87 West St
  • Address - House Number: 87
  • Address - Street Name: West
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C017
  • 4-Digit Zip Code: 3778
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $824,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 790,905
  • High Value: 930,110
  • Low Value: 651,700

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $703,200
  • Assessed Land Value: $401,200
  • Assessed Improvements Value: $302,000

    Sales

  • Current Sale Contract Date: Aug 12, 2022
  • Current Sale Recording Date: Aug 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 124004
  • Previous Sale Recording Date: Aug 05, 1993
  • Previous Sale Amount: $17,000
  • Previous Sale Document Type: 27
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:

$849,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2173 ft²

Average Home Age

54 years

Currently For Sale

35 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: 4 months ago
Data Source: MLS PIN, MLS# 72980904

Frequently Asked Questions

When was property at 87 West Street built and last sold?
The property at 87 West Street was built in 1900 and last sold on Aug 12, 2022 for $735,000.
How much is this home worth?
The estimated value of the home located at 87 West Street is $763,346.
What are some comparable homes to 87 West Street?
There are currently no comparable homes to 87 West Street.
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