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Reading 01867
881 Main Street
$395,000
● House - Off Market

881 Main Street

Reading, MA 01867
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,000 Ft²
$728,466
RealtyHop Estimate
82.16%
Since Jan 1, 2015
MA-Boston
Primary Model

About This Property

Second floor was finished in 2002. Move right in to this well maintained 8 room  4 bedroom two full bath Cape. Open concept beautiful hardwood on first level. Brand new Burber carpet on the second floor. Kitchen has lots of cabinets, eat in kitchen. French doors lead you to a large living room. Enjoy your morning coffee from the sun filled family room over looking the patio. Walk to bus line and commuter rail and enjoy all the restaurants. Minutes from major highways.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$200
Property Type
House
Property Taxes
$439
HOA Dues
-
Year Built
1983

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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 #71729415)

Price History

Date / Event Date Event Price
Oct 5, 2021 Sold
Premium
Sold
Jun 16, 2021 Listed by Boardwalk Real Estate $599,900
Listed by Boardwalk Real Estate
Dec 23, 2014 Sold
Premium
Sold
Aug 14, 2014 Listed by Boardwalk Real Estate $399,900
Listed by Boardwalk Real Estate
Dec 12, 2005 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 2
  • Basement Area: 988
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,006
  • Total Building Area: 1,985
  • Gross Building Area: 3,312
  • Building Area: 1,985
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,985
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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:028.0-0000-0134.0
  • Municipality: READING
  • Latitude: 42.5326
  • Longitude: -71.1035

    Address

  • Full Address: 881 Main St
  • Address - House Number: 881
  • 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: $792,600

    Appraisal Valuation

  • Standard Deviation: 0.1803
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 756,380
  • High Value: 892,768
  • Low Value: 619,992

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $676,300
  • Assessed Land Value: $375,200
  • Assessed Improvements Value: $301,100

    Sales

  • Current Sale Contract Date: Oct 05, 2021
  • Current Sale Recording Date: Oct 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 220075
  • Previous Sale Recording Date: Dec 23, 2014
  • Previous Sale Amount: $395,000
  • 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:

$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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$4,675 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1B, 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# 71729415

Frequently Asked Questions

When was property at 881 Main Street built and last sold?
The property at 881 Main Street was built in 1983 and last sold on Oct 5, 2021 for $635,000.
How much is this home worth?
The estimated value of the home located at 881 Main Street is $611,874.
What are some comparable homes to 881 Main Street?
There are currently no comparable homes to 881 Main Street.
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