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Reading 01867
9 Belmont St
$702,000
● House - Off Market

9 Belmont St

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,428 Ft²
$4,312
Est. Monthly

About This Property

Welcome to the heart of Reading. This 3-bed, 2-bath gem located on a sprawling lot is more than a home, it's an opportunity to embrace a lifestyle of comfort and possibility. With its hardwood floors, bright kitchen, and outdoor potential, this is a rare find with this great location.  Boasting a bedroom and full bath on the first floor and 2 more bedrooms on the second floor with an additional full bathroom, this home has all the space you need.  The living room is bright with a wood fireplace and box window for plenty of light.  The backyard has a good sized deck with plenty of space to enjoy and entertain with a storage shed for convenience. The location is blocks from the heart of Reading's Center with great access to 95/93 and the commuter rail.
Unit Size
1,428 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$518
Property Type
House
Property Taxes
$679
HOA Dues
-
Year Built
1972

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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: 5 months ago (MLSPIN #73181349)

Price History

Date / Event Date Event Price
Jan 29, 2024 Sold
Premium
Sold
Dec 12, 2023 In contract -
In contract
Nov 17, 2023 Listed by Century 21 North East Homes $739,900
Listed by Century 21 North East Homes
Aug 7, 1972 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,759
  • Total Building Area: 1,428
  • Gross Building Area: 2,703
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000247
  • 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: 890000000
  • District: 246
  • Parcel: READ M:022.0-0000-0303.0
  • Municipality: READING
  • Latitude: 42.5276
  • Longitude: -71.0931

    Address

  • Full Address: 9 Belmont St
  • Address - House Number: 9
  • Address - Street Name: Belmont
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C024
  • 4-Digit Zip Code: 2626
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $840,800

    Appraisal Valuation

  • Standard Deviation: 0.0773
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 94
  • Final Value: 751,101
  • High Value: 809,230
  • Low Value: 692,973

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $717,400
  • Assessed Land Value: $465,700
  • Assessed Improvements Value: $251,700

    Sales

  • Current Sale Contract Date: Jan 29, 2024
  • Current Sale Recording Date: Jan 29, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9316
  • Previous Sale Recording Date: Aug 07, 1972
  • Previous Sale Amount: $33,900
  • 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:

$874,950

Sale Price/ft²

$458

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2140 ft²

Average Home Age

55.1 years

Currently For Sale

36 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

$3,795 /mo

  • 2 Beds
  • 2 Baths
  • 1,236 ft²
200 Quannapowitt Parkway #B5B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73181349

Frequently Asked Questions

When was property at 9 Belmont Street built and last sold?
The property at 9 Belmont Street was built in 1972 and last sold on Jan 29, 2024 for $702,000.
How much is this home worth?
The estimated value of the home located at 9 Belmont Street is $743,151.
What are some comparable homes to 9 Belmont Street?
There are currently no comparable homes to 9 Belmont Street.
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