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1 Fairbanks Ln, North Reading MA 01864

North Reading, MA 01864 • Fairbanks Estate
$1,200,000
Est. $7,393/month
3
Beds
3
Baths
4,022
Sq Ft
$298
Price/Sq Ft
0.98
Acres
2004
Year Built
9
Days on Market
Closed Listed Apr 6, 2021 • MLS# 72809111 Copied!

About this home

Majestic Colonial at corner lot is 4000+ square ft of superb family living & entertainment all year long. The heart of this home is the open 1st floor plan starting in the eat-in kitchen w/huge Center Island, Granite countertops, SS appliances, gas stove & abundance of cabinets. Kitchen flows to sun-drenched “fireplaced” living room. 1st floor expands to formal dining room w/decorative columns, laundry room & powder room. Impressive foyer & staircase lead to 2nd floor tranquil MasterSuite w/huge walk-in closet, spa-like bathroom & bonus enclosed room/dressing area/office, plus 2 additional spacious bedrooms & full bath. Stunning chandeliers throughout the home. Alarmed sliding doors from kitchen lead to the "resort" outdoors w/inground heated pool, hot tub, patio, shed & decorative landscaping. Plenty of green area for play structure, garden or outdoor fun. Lower level expands entertaining w/bonus family room, bar area, game room, exercise room, half bath & storage. Move in condition!

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
2004
Bedrooms
3
Full Bathrooms
2
Half Bathrooms
2
Living Area
4,022 sq ft
Total Rooms
13

Sale Statistics

Sale Overview
Original List Price: $1,200,000
Final Sale Price: $1,200,000
Difference: +$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
9
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $298
Sale $/sq ft: $298
This property sold for $298 per square foot
Sale Summary

This property sold exactly at the asking price.

With only 9 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 3 similar properties sold within 0.5 miles in the last 90 days

This Property
$298/sq ft
Area Average
$296/sq ft
Difference
+0.5%

This property sold slightly above the area average for similar homes.

Facts & Features

2 Car Garage
Central AC

Home Facts

Type Residential
Style Single Family Residence
Year Built 2004
Living Area 4,022 sq ft
Lot Size 0.98 acres
Bedrooms 3
Full Baths 2
Half Baths 2
Total Rooms 13

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Tile, Carpet, Hardwood, Flooring - Hardwood, Flooring - Stone/ceramic Tile, Concrete, Flooring - Wall To Wall Carpet
Appliances Gas Water Heater, Water Heater, Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Range Hood
Fireplace Living Room
Fireplaces 1
Basement Full, Partially Finished, Walk-out Access, Interior Entry
Laundry Flooring - Stone/ceramic Tile, Gas Dryer Hookup, Washer Hookup, First Floor, Electric Dryer Hookup
Features Bathroom - Half, Recessed Lighting, Closet, Lighting - Overhead, Office, Bathroom, Game Room, Exercise Room, Bonus Room, Wired For Sound, Internet Available - Unknown

Exterior

Construction Frame
Architecture Colonial
Roof Shingle
Features Patio, Covered Patio/deck, Pool - Inground, Pool - Inground Heated, Rain Gutters, Hot Tub/spa, Storage, Professional Landscaping, Sprinkler System, Fenced Yard, Stone Wall
Pool In Ground, Pool - Inground Heated
Spa Private
Fencing Fenced/enclosed, Fenced
Patio/Porch Patio, Covered

Parking

Garage Spaces 2
Has Garage Yes
Features Attached, Garage Door Opener, Storage, Workshop In Garage, Garage Faces Side, Oversized, Paved Drive, Off Street
Total Spaces 8

Utilities

Electric 220 Volts
Water Public
Sewer Private Sewer
Gas None
Other For Gas Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $13,499
Assessed Value $865,300

Interior Features

Flooring: Tile, Carpet, Hardwood, Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Concrete, Flooring - Wall to Wall Carpet
Appliances: Gas Water Heater, Water Heater, Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Range Hood
Interior Features: Bathroom - Half, Recessed Lighting, Closet, Lighting - Overhead, Office, Bathroom, Game Room, Exercise Room, Bonus Room, Wired for Sound, Internet Available - Unknown
Windows: Insulated Windows, Storm Window(s)
Basement: Full, Partially Finished, Walk-Out Access, Interior Entry
Laundry: Flooring - Stone/Ceramic Tile, Gas Dryer Hookup, Washer Hookup, First Floor, Electric Dryer Hookup
Security: Security System

Construction & Materials

Style: Colonial
Year Built: 2004
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 2
Cooling: Central Air
Cooling Zones: 2
Hot Water:
Water Source: Public
Sewer: Private Sewer
Energy Features:

Exterior & Lot

Exterior Features: Patio, Covered Patio/Deck, Pool - Inground, Pool - Inground Heated, Rain Gutters, Hot Tub/Spa, Storage, Professional Landscaping, Sprinkler System, Fenced Yard, Stone Wall
Patio & Porch: Patio, Covered
Fencing: Fenced/Enclosed, Fenced
Other Structures:
Lot Features: Corner Lot, Level
Road Surface:

Parking & Garage

Garage Spaces: 2
Garage Type: Attached
Total Parking Spaces: 8
Parking Features: Attached, Garage Door Opener, Storage, Workshop in Garage, Garage Faces Side, Oversized, Paved Drive, Off Street

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Pool: Private Pool
Pool Features: In Ground, Pool - Inground Heated
Spa/Hot Tub: Yes
Spa Features: Private
Community Amenities: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School, T-Station

Location

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Neighborhood

Fairbanks Estate

1 Fairbanks Ln, North Reading MA 01864

North Reading, MA 01864

Walkability

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Nearby Schools

School District
North Reading School District local
A
School Safety 2024-25
0.0% Very Low (Safest)
0.4% In-School
5.5% below state avg
E

Elementary Schools

2 schools
A+
L.D. Batchelder School
0.7 mi | #8 of 824 | Score: 66.6
Improved 22 spots from last year
+8.4 above state avg
462 students Less Diverse
Rising School Strong Attendance
Grades K-05
A+
J. Turner Hood Elementary School
1.3 mi | #67 of 824 | Score: 61.2
Improved 86 spots from last year
+3 above state avg
416 students Moderate
Rising School Strong Attendance
Grades PK-05
M

Middle Schools

1 school
A+
North Reading Middle School
1.2 mi | #34 of 352 | Score: 59.6
Dropped 5 spots from last year
+1.3 above state avg
494 students Less Diverse
Strong Attendance
Grades 06-08
H

High Schools

1 school
A+
North Reading High School
1.2 mi | #33 of 346 | Score: 70.1
Dropped 6 spots from last year
+11.9 above state avg
652 students Less Diverse
21 sports • 1,615 athletes
Strong AP Program High Graduation Rate College Ready Curriculum Strong Athletics
Grades 09-12
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Monthly Payment Calculator

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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,125
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

27.3%
Price Range
10
Total Days on Market

Property Timeline

Current Active Listing - MLS #73523135
Full transaction history available when tracking began
🏡
Currently Listed
May 23, 2026
$1,649,900
MLS #73523135 - Active
Sold
May 26, 2021
$1,200,000
Property sold
Days on Market: 10
🏠
Listed for Sale
Apr 6, 2021
$1,200,000
Original listing
Agent: Marina Tramontozzi Office: True North Realty

Price & Status History

Date Event Price Change
May 23, 2026 Sold $1,649,900
Apr 6, 2021 New Listing Added $1,200,000

Market Statistics

Days on Market
9 days
Price per Sq Ft
$298

Tax History

Year Taxes Assessment
2020 $13,499 $865,300

Financial Details

Annual Property Tax
$13,499
Tax Year 2020
Assessed Value
$865,300

Listing Information

Listing Agent Marina Tramontozzi
Listing Office True North Realty
Agent MLS ID CN215527
Office MLS ID AN2670
Listing Data Updated May 26, 2021 1:32 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for North Reading, MA

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