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55 Locust Street, Reading MA 01867

Reading, MA 01867
$420,000
Est. $2,813/month
2
Beds
1.5
Baths
1,006
Sq Ft
$417
Price/Sq Ft
0.22
Acres
1947
Year Built
8
Days on Market
Closed Listed Oct 9, 2019 • MLS# 72577376 Copied!

About this home

Lovely Ranch tucked into a highly desirable, tree-lined street in Reading! Priced UNDER assessed value, this is the perfect starter home or “downsizer” for those looking to put their own personal touches and updates, or possibly expand and build instant equity. Solid wood cabinets & shelving, wall oven and gas cooktop in a “heart of the home” located kitchen that overlooks the serene backyard. Fireplaced Livingroom, large Familyroom, 2 Bedrooms (with perfect built-in armoire in larger bedroom), hardwood floors, newer windows, screened-in front porch, shady back-yard with multiple levels & patios accented by stone walls, backyard shed, workshop / extra storage in basement, HUGE walk-up attic with cedar closets is perfect for storage / expansion. Walk to: Downtown Reading shops & restaurants, schools, commuter rail & library!

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1947
Bedrooms
2
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,006 sq ft
Total Rooms
5

Sale Statistics

Sale Overview
Original List Price: $408,200
Final Sale Price: $420,000
Difference: +$11,800 (+2.9%)
Performance Metrics
102.9%
List to Sale Ratio
Sold above asking price
8
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $406
Sale $/sq ft: $417
This property sold for $417 per square foot
Sale Summary

This property sold for 2.9% above the original asking price, indicating strong buyer demand.

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

Nearby Sales Comparison

Based on 4 similar properties sold within 0.5 miles in the last 90 days

This Property
$417/sq ft
Area Average
$451/sq ft
Difference
7.5%

This property sold near the area average for similar homes.

Facts & Features

Home Facts

Type Residential
Style Single Family Residence
Year Built 1947
Living Area 1,006 sq ft
Lot Size 0.22 acres
Bedrooms 2
Full Baths 1
Half Baths 1
Total Rooms 5

Interior

Heating Radiant
Cooling Wall Unit(s)
Flooring Vinyl, Hardwood
Appliances Gas Water Heater, Range, Oven, Dishwasher, Refrigerator, Freezer, Washer, Dryer
Fireplace None
Fireplaces 1
Basement None
Laundry None
Features None

Exterior

Construction Frame
Architecture Ranch
Roof Shingle
Features Porch - Enclosed, Patio, Storage, Fenced Yard
Pool None
Spa None
Fencing Fenced/enclosed, Fenced
Patio/Porch Porch - Enclosed, Patio

Parking

Features Paved Drive, Off Street, Paved
Total Spaces 2

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $5,876
Assessed Value $412,900

Interior Features

Flooring: Vinyl, Hardwood
Appliances: Gas Water Heater, Range, Oven, Dishwasher, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Style: Ranch
Year Built: 1947
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter, Slab

Heating, Cooling & Utilities

Heating: Radiant
Heating Zones: 1
Cooling: Wall Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch - Enclosed, Patio, Storage, Fenced Yard
Patio & Porch: Porch - Enclosed, Patio
Fencing: Fenced/Enclosed, Fenced
Other Structures:
Lot Features: Gentle Sloping
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Paved Drive, Off Street, Paved

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Park, Highway Access, House of Worship, T-Station

Location

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Neighborhood

55 Locust 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
RISE PreSchool
0.4 mi
116 students Moderate
Grades PK
A-
Birch Meadow School
0.7 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
A
Alice M Barrows School
1.1 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
1.1 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
A
J. Warren Killam Elementary School
1.2 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
B+
Wood End Elementary School
1.7 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
M

Middle Schools

2 schools
A
Walter S Parker Middle School
0.6 mi | #62 of 352 | Score: 54.7
Dropped 26 spots from last year
-3.6 below state avg
467 students Moderate
Grades 06-08
A
Arthur W Coolidge Middle School
0.6 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
H

High Schools

2 schools
Austin Prep School
1.1 mi
Grades 06-12
A
Reading Memorial High School
0.4 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
$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 $490
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

66.1%
Price Range
15
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #72743732
Full transaction history available when tracking began
🏷️
Previously Sold
Nov 4, 2020
$1,205,000
MLS #72743732
Sold
Dec 3, 2019
$420,000
Property sold
Days on Market: 15
🏠
Listed for Sale
Oct 9, 2019
$408,200
Original listing
Agent: Paul Santucci Office: True North Realty

Price & Status History

Date Event Price Change
Nov 4, 2020 Sold $1,205,000
Oct 9, 2019 New Listing Added $408,200

Market Statistics

Days on Market
8 days
Price per Sq Ft
$417

Tax History

Year Taxes Assessment
2019 $5,876 $412,900

Financial Details

Annual Property Tax
$5,876
Tax Year 2019
Assessed Value
$412,900

Listing Information

Listing Agent Paul Santucci
Listing Office True North Realty
Agent MLS ID BB808901
Office MLS ID AN2670
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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