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24 Cherry Lane Drive, Reading MA 01867

Reading, MA 01867
$425,000
Est. $2,888/month
3
Beds
1
Baths
1,374
Sq Ft
$309
Price/Sq Ft
0.26
Acres
1958
Year Built
8
Days on Market
Closed Listed Mar 30, 2016 • MLS# 71979552 Copied!

About this home

SOMETIMES OPPORTUNITY ONLY KNOCKS ONCE - If your focus is on location, then you can't beat this area! Only a stone's throw from the Joshua Eaton school is this "Diamond in the Rough" home. The "sweat equity" you invest will certainly reward you in the end. There have been some updates i.e., 200 amp CB, double pane windows, roof and siding and french drain. Hardwood floors run through-out the home. Home is being sold in "AS IS" condition.

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1958
Bedrooms
3
Full Bathrooms
1
Living Area
1,374 sq ft
Total Rooms
6

Sale Statistics

Sale Overview
Original List Price: $449,900
Final Sale Price: $425,000
Difference: $24,900 (-5.5%)
Performance Metrics
94.5%
List to Sale Ratio
Sold below asking price
8
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $327
Sale $/sq ft: $309
This property sold for $309 per square foot
Sale Summary

This property sold for 5.5% below the original asking price.

With only 8 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 2 similar properties sold within 0.5 miles in the last 90 days

This Property
$309/sq ft
Area Average
$541/sq ft
Difference
42.9%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Single Family Residence
Year Built 1958
Living Area 1,374 sq ft
Lot Size 0.26 acres
Bedrooms 3
Full Baths 1
Total Rooms 6

Interior

Heating Baseboard, Electric Baseboard, Oil, Electric
Cooling None
Flooring Vinyl, Hardwood
Appliances Water Heater, Oven, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Fireplace Living Room
Fireplaces 1
Basement None
Laundry Electric Dryer Hookup, Washer Hookup, In Basement
Features None

Exterior

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

Parking

Garage Spaces 1
Has Garage Yes
Features Attached, Paved Drive, Off Street
Total Spaces 5

Utilities

Electric Circuit Breakers, 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup

Financial

Annual Tax $6,466
Assessed Value $445,900

Interior Features

Flooring: Vinyl, Hardwood
Appliances: Water Heater, Oven, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement:
Laundry: Electric Dryer Hookup, Washer Hookup, In Basement
Security:

Construction & Materials

Style: Ranch
Year Built: 1958
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter

Heating, Cooling & Utilities

Heating: Baseboard, Electric Baseboard, Oil, Electric
Heating Zones: 1
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features: Cul-De-Sac, Easements
Road Surface: Paved

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 5
Parking Features: Attached, Paved Drive, Off Street

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station

Location

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Neighborhood

24 Cherry Lane Drive, Reading MA 01867

Reading, MA 01867

Walkability

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Nearby Schools

School information not available for this location.

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 $539
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

29.2%
Price Range
8
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #72050954
Full transaction history available when tracking began
🏷️
Previously Sold
Sep 30, 2016
$599,995
MLS #72050954
Sold
May 17, 2016
$425,000
Property sold
Days on Market: 8
🏠
Listed for Sale
Mar 30, 2016
$449,900
Original listing
Agent: Patricia DeWolfe Office: RE/MAX Leading Edge

Price & Status History

Date Event Price Change
Sep 30, 2016 Sold $599,995
Mar 30, 2016 New Listing Added $449,900

Market Statistics

Days on Market
8 days
Price per Sq Ft
$309

Tax History

Year Taxes Assessment
2016 $6,466 $445,900

Financial Details

Annual Property Tax
$6,466
Tax Year 2016
Assessed Value
$445,900

Listing Information

Listing Agent Patricia DeWolfe
Listing Office RE/MAX Leading Edge
Agent MLS ID B0308253
Office MLS ID AN0156
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

Real-time market trends and pricing data for this area

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