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Reading 01867
9 Lee Street
$475,000
● House - Off Market

9 Lee Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,536 Ft²
$716,202
RealtyHop Estimate
66.60%
Since Sep 1, 2016
MA-Boston
Primary Model

About This Property

Looking for a home to make your own?  This is the one!  So much potential in this charming home with a great floor plan located on a lovely dead end street with attached 2 car garage set on a beautiful lot with mature plantings.  Front to back fireplaced living room plus separate first floor den, formal dining room, sun room leading to back yard.  Hardwood flooring under carpets.  2 yard sheds and private well for irrigation system.  Vinyl siding, young roof and windows.
Unit Size
1,536 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$280
Property Type
House
Property Taxes
$502
HOA Dues
-
Year Built
1950

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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 #72014896)

Price History

Date / Event Date Event Price
Aug 2, 2016 Sold
Premium
Sold
Jun 1, 2016 Listed by RE/MAX Leading Edge $429,900
Listed by RE/MAX Leading Edge

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 7
  • Basement Area: 768
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,649
  • Total Building Area: 1,536
  • Gross Building Area: 3,194
  • Building Area: 1,536
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,536
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000222
  • 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: 820000000
  • Parcel: READ M:020.0-0000-0265.0
  • Municipality: READING
  • Latitude: 42.5285
  • Longitude: -71.1168

    Address

  • Full Address: 9 Lee St
  • Address - House Number: 9
  • Address - Street Name: Lee
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C008
  • 4-Digit Zip Code: 2440
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $785,100

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 769,242
  • High Value: 904,275
  • Low Value: 634,209

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $669,900
  • Assessed Land Value: $439,000
  • Assessed Improvements Value: $230,900

    Sales

  • Current Sale Recording Date: Aug 02, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 130450
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:

$857,450

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2112 ft²

Average Home Age

58.9 years

Currently For Sale

43 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# 72014896

Frequently Asked Questions

When was property at 9 Lee Street built and last sold?
The property at 9 Lee Street was built in 1950 and last sold on Jan 1, 1970 for $475,000.
How much is this home worth?
The estimated value of the home located at 9 Lee Street is $454,766.
What are some comparable homes to 9 Lee Street?
There are currently no comparable homes to 9 Lee Street.
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