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Reading 01867
97 Franklin Street
$210,000
● House - Off Market

97 Franklin Street

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,300 Ft²
$739,852
RealtyHop Estimate
239.54%
Since Jun 1, 1999
MA-Boston
Primary Model

About This Property

INCREDIBLE OPPTY TO OWN BUNGALO WITH MORE POT'L. SCREENED PORCH NEW DECK, STONE FPLC IN GREAT ROOM. 1ST FLR LAUNDRY NESTLED AMONG PINES. SHED W/ ELECTRICTY 1 CAR GAR. PRIVACY HIGH CEILINGS GREAT ROOM TO ENTERTAIN. PRICED TO SELL!
Unit Size
1,300 Ft²
Days on Market
-
Land Size
0.72 acres
Price per sqft
$168
Property Type
House
Property Taxes
$229
HOA Dues
-
Year Built
2003

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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 years ago (MLSPIN #30293355)

Price History

Date / Event Date Event Price
Jan 25, 2021 Sold
Premium
Sold
Mar 27, 2020 Listed by Mary Gail Realty $1,129,900
Listed by Mary Gail Realty
May 28, 1999 Sold
Premium
Sold
Feb 13, 1999 Listed by Mary Gail Realty $217,900
Listed by Mary Gail Realty

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,468
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 31,498
  • Total Building Area: 3,905
  • Gross Building Area: 6,368
  • Building Area: 3,905
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,905
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000723
  • 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: 334300

Zoning

  • Zoning: S20

Geography

  • Account Number: 2250000000
  • Parcel: READ M:052.0-0000-0057.0
  • Municipality: READING
  • Latitude: 42.5544
  • Longitude: -71.1025

    Address

  • Full Address: 97 Franklin St
  • Address - House Number: 97
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C012
  • 4-Digit Zip Code: 1169
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,598,800

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,410,886
  • High Value: 1,660,481
  • Low Value: 1,161,291

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,364,200
  • Assessed Land Value: $515,900
  • Assessed Improvements Value: $848,300

    Sales

  • Current Sale Contract Date: Jan 20, 2021
  • Current Sale Recording Date: Jan 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16702
  • Previous Sale Recording Date: May 28, 1999
  • Previous Sale Amount: $210,000
  • 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:

$869,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2069 ft²

Average Home Age

60.3 years

Currently For Sale

41 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 years ago
Data Source: MLS PIN, MLS# 30293355

Frequently Asked Questions

When was property at 97 Franklin Street built and last sold?
The property at 97 Franklin Street was built in 2003 and last sold on Jan 20, 2021 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 97 Franklin Street is $1,133,228.
What are some comparable homes to 97 Franklin Street?
There are currently no comparable homes to 97 Franklin Street.
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