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40 Estate Ln, Reading MA 01867

Reading, MA 01867
$1,500,000
Est. $7,984/month
5
Beds
4
Baths
3,215
Sq Ft
$467
Price/Sq Ft
1.16
Acres
1993
Year Built
Single Family Residence
Type
9
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73327526

About this home

Rare opportunity located steps from Birch Meadow Elementary, the Burbank YMCA, and top Reading schools. This impressive 5BR/4BA Colonial is nestled at the end of a cul-de-sac in a sought-after neighborhood. The first floor boasts a spacious foyer, a bright living room with gleaming hardwood floors and fireplace, an eat-in kitchen, formal dining room, family room with cathedral ceilings and fireplace, mudroom with countertop and sink, and a generously sized 2-car garage. Upstairs, find 4 bedrooms, a full bath plus a primary suite with cathedral ceilings, an en suite bath and walk-in closet. The updated lower level features a family room with built-ins and a stone fireplace, a guest suite with a glass shower, kitchenette, and a large bedroom. Laundry, and storage are also on this level. Pride in ownership and lovingly maintained for 25 years. 1st showing at 1st Open House on Saturday, 1/25, at 11:00 AM to 12:30 PM - No Exceptions. Your next chapter starts here!

Sale Statistics

Sale Overview
Original List Price: $1,349,900
Final Sale Price: $1,500,000
Difference: +$150,100 (+11.1%)
Performance Metrics
111.1%
List to Sale Ratio
Sold above asking price
9
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $420
Sale $/sq ft: $467
This property sold for $467 per square foot
Sale Summary

This property sold for 11.1% above the original asking price, indicating strong buyer demand.

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

Facts & Features

Property Overview

Property Type
Single Family Residence
Property Category
Residential
Year Built
1993
Bedrooms
5
Full Bathrooms
4
Living Area
3,215 sq ft
Total Rooms
10

Interior Features

Flooring
Tile, Vinyl, Carpet, Hardwood, Flooring - Stone/Ceramic Tile, Flooring - Hardwood
Heating
Baseboard, Oil, Fireplace
Has Heating
Yes
Cooling
Central Air, Ductless
Has Cooling
Yes
Fireplace Features
Family Room, Living Room
Has Fireplace
Yes
Number of Fireplaces
3
Appliances
Water Heater, Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Second Dishwasher, Plumbed For Ice Maker
Interior Features
Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Cabinets - Upgraded, Recessed Lighting, Lighting - Sconce, Lighting - Overhead, Cable Hookup, Open Floorplan, Closet, Crown Molding, Bathroom - Full, Closet/Cabinets - Custom Built, Bathroom, Bonus Room, Mud Room, Foyer, Central Vacuum
Laundry Features
Washer Hookup, Electric Dryer Hookup, Recessed Lighting, In Basement
Basement Details
Full, Partially Finished, Walk-Out Access, Concrete
Window Features
Window(s) - Picture, Insulated Windows
Door Features
Insulated Doors, French Doors
Accessibility Features
No

Exterior & Structure

Construction Materials
Frame
Architectural Style
Colonial
Roof
Shingle
Foundation
Concrete Perimeter
Foundation Area
0 sq ft
Exterior Features
Deck - Wood, Balcony, Rain Gutters, Storage
Patio/Porch Features
Deck - Wood
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
1.16 acres
Lot Size
50,530 sq ft
Lot Size Area
1.1600
Lot Features
Cul-De-Sac, Wooded
Road Surface Type
Paved
Road Frontage Type
Public, Dead End

Parking & Garage

Garage Spaces
2
Has Garage
Yes
Attached Garage
Yes
Has Carport
No
Total Non-Garage Parking Spaces
2
Parking Features
Attached, Garage Door Opener, Storage, Workshop in Garage, Garage Faces Side, Insulated, Paved Drive, Off Street, Paved
Covered Parking Spaces
2

Utilities & Systems

Utilities Available
for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup, Icemaker Connection
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, 200+ Amp Service
Energy Efficient Features
Thermostat

Community & HOA

Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, Private School, Public School, T-Station, Sidewalks
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$15,390
Tax Year
2024
Tax Assessed Value
$1,313,100
Parcel Number
736295
Zoning
Res

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Attached Property
No
Property Condition
Updated/Remodeled, Remodeled
Disclosures
Extensive list of improvements attached. (2024) Hardwood floors refinished (2022) Kitchen Updated (2020) Heating system replaced (2019) 3 Bathrooms Updated (2017) Front door replaced (2011) Basement Finished, added 4th Bath. Built in 1993. Measurements are approx. Offers due by Wed., 1/29 at 2:00 PM

Location

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Neighborhood

40 Estate Ln, Reading MA 01867

Reading, MA 01867

Walkability

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Schools

Elementary School
Birch Meadow
Rating information coming soon
Middle School
Coolidge
Rating information coming soon
High School
Reading High
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $1,282
Homeowners Insurance $200
PMI $0

Property History

Market Insights

10%
Price Range
10
Total Days on Market

Property Timeline

✓
Sold
Feb 28, 2025
$1,500,000
Property sold
Days on Market: 10
🏠
Listed for Sale
Jan 20, 2025
$1,349,900
Original listing
Agent: Team Ladner Office: RE/MAX Harmony

Price & Status History

Date Event Price Change
Jan 20, 2025 New Listing Added $1,349,900 —

Market Statistics

Days on Market
9 days
Price per Sq Ft
$467

Tax History

Year Taxes Assessment
2024 $15,390 $1,313,100

Financial Details

Annual Property Tax
$15,390
Tax Year 2024
Assessed Value
$1,313,100

Listing Information

Listing Agent Team Ladner
Listing Office RE/MAX Harmony
Agent MLS ID TM341788
Office MLS ID AN5976

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