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246 Walnut St, Reading MA 01867

Reading, MA 01867
$998,000
$800,000
Est. $4,987/month
2.00
Acres
360
Days on Market
Active Price Drop -$198,000 Listed Jul 14, 2025 • MLS# 73404109 Copied! • Updated Feb 28, 2026

About this home

Builders and developers—don’t miss this rare opportunity in desirable Reading. This offering includes 2 BUILDABLE LOTS complete with Approved Site Plans & Modification Approvals for Overhead Utilities, Berm, and 16’ high Privacy Fence. While there is an existing single-family home on-site, the true value lies in the land and approved subdivision plan in place. Lot 1 offers 27,895 sq. ft. and Lot 2 offers 20,058 sq. ft. Each lot is approved for a 4,500 sq. ft. home, with the potential to build up to 5,500 sq. ft. including a finished basement. Electric, Public Water/Sewer are already at the street. Perfectly located just minutes from downtown Reading, commuter rail access, and I-93. Site Plans, Approvals, Order of Conditions, Decision of Approvals, Proposed Layouts and Building Plans are available upon request. Unlock the full potential of this well-positioned property today! Buyer shall be responsible for all due diligence.

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
11%
Price Range

Property Timeline

Price Reduced
Feb 24, 2026
$800,000 $99,000 (-11.01%)
From $899,000 to $800,000 (-11.0%)
🏠
Listed for Sale
Jul 14, 2025
$899,000
Original listing
Agent: Cheryl Pendenza Office: RE/MAX Andrew Realty Services

Tax History

Year Taxes Assessment
2025 $8,899 $781,300

Financial Details

Annual Property Tax
$8,899
Tax Year 2025
Assessed Value
$781,300

Facts & Features

Home Facts

Type Land
Style Residential
Lot Size 2.00 acres

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Utilities

Electric On-site
Water Public, On-site
Sewer Public Sewer, On-site
Gas At Street
Other None
Annual Tax $8,899
Assessed Value $781,300
Seller Disclosures Taxes & Assessment Are For An Existing Single Family (the True Value Lies In The Land And Subdivision Plan). Lot Markers Are Approximate. Property To Be Sold As Is. Buyer/buyer Agent Shall Be Responsible For All Due Diligence Related To All Zoning And/or Potential Uses For The Lot.
Possession None
Accepted Financing None
Structure Type []
Documents Subdivision Approval, Order Of Conditions, Appraisal (3)
County Middlesex
Total market time (incl. prior listings) 229 days

Property Overview

Property Type
Residential
Listing Type
Land

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public, On-Site
Sewer: Public Sewer, On-Site
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Wetlands, Wooded, Cleared, Lot Staked
Road Surface:

Parking & Garage

Parking Features:

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 $742
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.

Location

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Neighborhood

246 Walnut St, Reading MA 01867

Reading, MA 01867

Listing Information

Listing Agent Cheryl Pendenza
Listing Office REMAX Andrew Realty Services
Office Phone 781-395-7676
Agent MLS ID BB900401
Office MLS ID AC2354
Listing Data Updated Feb 28, 2026 3:05 AM EST
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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