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1 Heritage Dr, Reading MA 01867

Reading, MA 01867
$1,580,000
Est. $8,723/month
4
Beds
3.5
Baths
3,800
Sq Ft
$416
Price/Sq Ft
0.23
Acres
2022
Year Built
21
Days on Market
Closed Listed May 3, 2022 • MLS# 72975359 Copied!

About this home

NEW CONSTRUCTION 4 bedroom, 3 and 1/2 bathroom Modern Farmhouse. The Kitchen will feature Floor to Ceiling Cabinetry, Quartz Countertops and a Thermador Appliance Package. The open concept first floor also includes a Living Room with Gas Fireplace, Dining Room, Powder Room, and Mudroom leading to a Two Car Garage. Master Suite on the second floor with Walk-In Closet and Master Bath. You'll also find Three Spacious Bedrooms, a Main Bathroom, Office Space and Laundry. Third floor will feature a large open space perfect for a TV/Playroom and/or Fifth Bedroom. Fine Millwork, carefully selected Light Fixtures and Nest Thermostats throughout this beautiful home.

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
2022
Bedrooms
4
Full Bathrooms
3
Half Bathrooms
1
Living Area
3,800 sq ft
Total Rooms
12

Sale Statistics

Sale Overview
Original List Price: $1,499,000
Final Sale Price: $1,580,000
Difference: +$81,000 (+5.4%)
Performance Metrics
105.4%
List to Sale Ratio
Sold above asking price
21
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $394
Sale $/sq ft: $416
This property sold for $416 per square foot
Sale Summary

This property sold for 5.4% above the original asking price, indicating strong buyer demand.

With only 21 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

2 Car Garage
Central AC

Home Facts

Type Residential
Style Single Family Residence
Year Built 2022
Living Area 3,800 sq ft
Lot Size 0.23 acres
Bedrooms 4
Full Baths 3
Half Baths 1
Total Rooms 12

Interior

Heating Forced Air, Propane
Cooling Central Air
Flooring None
Appliances Electric Water Heater
Fireplace None
Fireplaces 1
Basement None
Laundry None
Features None

Exterior

Construction Frame
Architecture Farmhouse
Roof Shingle
Features Porch
Pool None
Spa None
Fencing None
Patio/Porch Porch

Parking

Garage Spaces 2
Has Garage Yes
Features Attached, Off Street
Total Spaces 7

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $6,404
Assessed Value $480,400

Interior Features

Flooring:
Appliances: Electric Water Heater
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Style: Farmhouse
Year Built: 2022
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter

Heating, Cooling & Utilities

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

Exterior & Lot

Exterior Features: Porch
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Garage Spaces: 2
Garage Type: Attached
Total Parking Spaces: 7
Parking Features: Attached, Off Street

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities:

Location

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Neighborhood

1 Heritage Dr, Reading MA 01867

Reading, MA 01867

Walkability

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Nearby Schools

School District
Reading School District local
A
School Safety 2024-25
0.4% Low
0.4% Suspensions 0.2% In-School
5.1% below state avg
E

Elementary Schools

3 schools
A
J. Warren Killam Elementary School
0.6 mi | #94 of 824 | Score: 59.7
Improved 18 spots from last year
+1.5 above state avg
406 students Moderate
Strong Attendance
Grades K-05
RISE PreSchool
1.0 mi
116 students Moderate
Grades PK
A-
Birch Meadow School
1.2 mi | #240 of 824 | Score: 52.9
Dropped 160 spots from last year
-5.3 below state avg
359 students Moderate
Strong Attendance
Grades K-05
M

Middle Schools

2 schools
A
Arthur W Coolidge Middle School
1.1 mi | #43 of 352 | Score: 58.1
Improved 32 spots from last year
-0.1 below state avg
405 students Less Diverse
Rising School Strong Attendance
Grades 06-08
A
Walter S Parker Middle School
1.4 mi | #62 of 352 | Score: 54.7
Dropped 26 spots from last year
-3.6 below state avg
467 students Moderate
Grades 06-08
H

High Schools

3 schools
A
Reading Memorial High School
1.0 mi | #65 of 346 | Score: 65.1
Dropped 5 spots from last year
+6.8 above state avg
1,094 students Less Diverse
18 sports • 2,420 athletes
Strong AP Program High Graduation Rate College Ready Curriculum Strong Athletics
Grades 09-12
Nazareth Academy
1.5 mi
Grades 09-12
Austin Prep School
1.9 mi
Grades 06-12
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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $534
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

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

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

67.7%
Price Range
22
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Jun 30, 2022
$1,580,000
Property sold
Days on Market: 22
🏠
Listed for Sale
May 3, 2022
$1,499,000
Original listing
Agent: John T. Burns Office: John T Burns
Previous Transaction - MLS #72869150
Full transaction history available when tracking began
🏷️
Previously Sold
Aug 25, 2021
$510,000
MLS #72869150

Price & Status History

Date Event Price Change
May 3, 2022 New Listing Added $1,499,000
Aug 25, 2021 Sold $510,000

Market Statistics

Days on Market
21 days
Price per Sq Ft
$416

Tax History

Year Taxes Assessment
2022 $6,404 $480,400

Financial Details

Annual Property Tax
$6,404
Tax Year 2022
Assessed Value
$480,400

Listing Information

Listing Agent John T. Burns
Listing Office John T Burns
Agent MLS ID NB111991
Office MLS ID NB2706
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 Reading, MA

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