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482 Franklin Street, Reading MA 01867

Reading, MA 01867 • a/k/a Franklin Terrace
$625,000
Est. $3,946/month
3
Beds
1.5
Baths
1,400
Sq Ft
$446
Price/Sq Ft
0.59
Acres
1845
Year Built
3
Days on Market
Closed Listed Feb 25, 2021 • MLS# 72789922 Copied!

About this home

*HOME IS ACTUALLY ON FRANKLIN TERRACE: A QUIET CUL-DE-SAC. If these walls could talk, they’d share quite a story! A unique home loaded w/character, history & personality, set on over 1/2 an acre w/endless expansion possibility. Function fills this 8 rm antique Colonial in many ways w/private office space, renovated ½ BA, & not 1, but 2 living rooms. Exposed beam family rm features large bay window while cozy front living space open to dining offers fireplace & beautiful HW floors. Retro EIK w/vaulted ceiling provides loads of natural light from well-positioned window & features Corian counters & new S/S appliances. Head upstairs to find 2 beds, full bath w/bonus guest or teen suite on 3rd level. Oversized garage lends itself to the ultimate home gym while full basement is ideal for storage. Quiet neighborhood setting within walking distance to town forest & just minutes from I-93. All new windows with many more updates. Come see for yourself why this home is so special. NO OPEN HOUSE.

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1845
Bedrooms
3
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,400 sq ft
Total Rooms
8

Sale Statistics

Sale Overview
Original List Price: $565,000
Final Sale Price: $625,000
Difference: +$60,000 (+10.6%)
Performance Metrics
110.6%
List to Sale Ratio
Sold above asking price
3
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $404
Sale $/sq ft: $446
This property sold for $446 per square foot
Sale Summary

This property sold for 10.6% above the original asking price, indicating strong buyer demand.

With only 3 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Single Family Residence
Year Built 1845
Living Area 1,400 sq ft
Lot Size 0.59 acres
Bedrooms 3
Full Baths 1
Half Baths 1
Total Rooms 8

Interior

Heating Electric Baseboard, Hot Water, Steam, Oil, Electric
Cooling None
Flooring Vinyl, Hardwood, Wood Laminate, Flooring - Hardwood
Appliances Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Plumbed For Ice Maker
Fireplace Living Room
Fireplaces 1
Basement Full, Walk-out Access
Laundry In Basement, Electric Dryer Hookup, Washer Hookup
Features Cathedral Ceiling(s), Office, Walk-up Attic, Internet Available - Unknown

Exterior

Construction Frame
Architecture Colonial
Roof Shingle
Features Porch, Patio, Rain Gutters, Screens
Pool None
Spa None
Fencing None
Patio/Porch Porch, Patio

Parking

Garage Spaces 1
Has Garage Yes
Features Detached, Garage Door Opener, Heated Garage, Storage, Workshop In Garage, Garage Faces Side, Oversized, Paved Drive, Off Street, On Street, Paved
Total Spaces 5

Utilities

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

Financial

Annual Tax $7,032
Assessed Value $494,200

Interior Features

Flooring: Vinyl, Hardwood, Wood Laminate, Flooring - Hardwood
Appliances: Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Plumbed For Ice Maker
Interior Features: Cathedral Ceiling(s), Office, Walk-up Attic, Internet Available - Unknown
Windows: Skylight(s), Insulated Windows, Screens
Basement: Full, Walk-Out Access
Laundry: In Basement, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Style: Colonial
Year Built: 1845
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone

Heating, Cooling & Utilities

Heating: Electric Baseboard, Hot Water, Steam, Oil, Electric
Heating Zones: 3
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Porch, Patio, Rain Gutters, Screens
Patio & Porch: Porch, Patio
Fencing:
Other Structures:
Lot Features: Cul-De-Sac, Corner Lot, Easements
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 5
Parking Features: Detached, Garage Door Opener, Heated Garage, Storage, Workshop in Garage, Garage Faces Side, Oversized, Paved Drive, Off Street, On Street, Paved

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Shopping, Pool, Park, Walk/Jog Trails, Golf, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station

Location

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Neighborhood

a/k/a Franklin Terrace

482 Franklin Street, 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

6 schools
A-
Birch Meadow School
0.6 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
B+
Wood End Elementary School
0.7 mi | #275 of 824 | Score: 51.6
Dropped 192 spots from last year
-6.6 below state avg
236 students Less Diverse
Strong Attendance
Grades K-05
RISE PreSchool
0.9 mi
116 students Moderate
Grades PK
A
J. Warren Killam Elementary School
1.6 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
A
Alice M Barrows School
1.6 mi | #158 of 824 | Score: 56.8
Dropped 82 spots from last year
-1.5 below state avg
365 students Less Diverse
Strong Attendance
Grades K-05
A
Joshua Eaton School
2.2 mi | #93 of 824 | Score: 59.7
Improved 34 spots from last year
+1.5 above state avg
388 students Moderate
Rising School Strong Attendance
Grades K-05
M

Middle Schools

2 schools
A
Arthur W Coolidge Middle School
0.7 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
1.5 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

2 schools
Austin Prep School
1.0 mi
Grades 06-12
A
Reading Memorial High School
0.9 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
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Monthly Payment Calculator

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

Principal & Interest $0
Property Tax $586
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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+0.5% 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

45.2%
Price Range
18
Total Days on Market
2
Previous Sales

Property Timeline

Sold
Apr 8, 2021
$625,000
Property sold
Days on Market: 18
🏠
Listed for Sale
Feb 25, 2021
$565,000
Original listing
Agent: Susan Gormady Group Office: Classified Realty Group
Previous Transaction - MLS #72495530
Full transaction history available when tracking began
🏷️
Previously Sold
Jul 19, 2019
$500,000
MLS #72495530
Previous Transaction - MLS #71543835
Full transaction history available when tracking began
🏷️
Previously Sold
Sep 27, 2013
$342,360
MLS #71543835

Price & Status History

Date Event Price Change
Feb 25, 2021 New Listing Added $565,000
Jul 19, 2019 Sold $500,000
Sep 27, 2013 Sold $342,360

Market Statistics

Days on Market
3 days
Price per Sq Ft
$446

Tax History

Year Taxes Assessment
2019 $7,032 $494,200

Financial Details

Annual Property Tax
$7,032
Tax Year 2019
Assessed Value
$494,200

Listing Information

Listing Agent Susan Gormady Group
Listing Office Classified Realty Group
Agent MLS ID TM337444
Office MLS ID AN1116
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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