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56 Locust Street, Reading MA 01867

Reading, MA 01867
$430,000
Est. $2,882/month
4
Beds
2
Baths
2,500
Sq Ft
$172
Price/Sq Ft
0.35
Acres
1920
Year Built
2
Days on Market
Closed Listed Jun 5, 2014 • MLS# 71693366 Copied!

About this home

You will absolutely FLIP over this spacious and stately colonial in beautiful neighborhood, and on a gorgeous lot. Uniquely zoned (buyer to verify independently), this home offers a portion that is zoned commercial for in home business. Seller ran a beauty salon for years! 2 rooms ( the right side of the house) were added in the 70s, and never finished. The original 1920s home offers charming features, such as hardwood floors, inside wall fireplace, walk up attic, and more. The former salon will make a fantastic over sized family room. With minimal rearranging, this home will transform into what everybody is looking for...a four bedroom, 2.5 bath grand colonial, with a two car garage, on a beautiful lot, in a great neighborhood! Who could ask for more? Enthusiastic buyers, flippers, investors, and contractors should take note...this is a FANTASTIC OPPORTUNITY. Buyers with the fewest contingencies move to the head of the line! All offers will be presented Sun. 6/8 at 5pm.

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1920
Bedrooms
4
Full Bathrooms
1
Half Bathrooms
2
Living Area
2,500 sq ft
Total Rooms
9

Sale Statistics

Sale Overview
Original List Price: $399,900
Final Sale Price: $430,000
Difference: +$30,100 (+7.5%)
Performance Metrics
107.5%
List to Sale Ratio
Sold above asking price
2
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $160
Sale $/sq ft: $172
This property sold for $172 per square foot
Sale Summary

This property sold for 7.5% above the original asking price, indicating strong buyer demand.

With only 2 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
$172/sq ft
Area Average
$451/sq ft
Difference
61.9%

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

Facts & Features

2 Car Garage

Home Facts

Type Residential
Style Single Family Residence
Year Built 1920
Living Area 2,500 sq ft
Lot Size 0.35 acres
Bedrooms 4
Full Baths 1
Half Baths 2
Total Rooms 9

Interior

Heating Forced Air, Oil
Cooling None
Flooring Hardwood
Appliances Electric Water Heater
Fireplace Living Room
Fireplaces 1
Basement Full, Interior Entry, Bulkhead
Laundry In Basement
Features None

Exterior

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

Parking

Garage Spaces 2
Has Garage Yes
Features Detached, Paved Drive, Off Street
Total Spaces 10

Utilities

Electric Circuit Breakers, 200+ Amp Service
Water Public
Sewer Private Sewer, Other
Gas None
Other None

Financial

Annual Tax $6,095
Assessed Value $413,500

Interior Features

Flooring: Hardwood
Appliances: Electric Water Heater
Interior Features:
Windows:
Basement: Full, Interior Entry, Bulkhead
Laundry: In Basement
Security:

Construction & Materials

Style: Colonial
Year Built: 1920
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Block

Heating, Cooling & Utilities

Heating: Forced Air, Oil
Heating Zones: 1
Cooling: None
Hot Water:
Water Source: Public
Sewer: Private Sewer, Other
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Level
Road Surface:

Parking & Garage

Garage Spaces: 2
Total Parking Spaces: 10
Parking Features: Detached, Paved Drive, Off Street

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Highway Access, Public School

Location

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Neighborhood

56 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

3 schools
RISE PreSchool
0.4 mi
116 students Moderate
Grades PK
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
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
M

Middle Schools

2 schools
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
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
H

High Schools

2 schools
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
Austin Prep School
1.1 mi
Grades 06-12
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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 $508
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

41.4%
Price Range
3
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #71848909
Full transaction history available when tracking began
🏷️
Previously Sold
Nov 30, 2015
$682,500
MLS #71848909
Sold
Jan 8, 2015
$430,000
Property sold
Days on Market: 3
🏠
Listed for Sale
Jun 5, 2014
$399,900
Original listing
Agent: Rick Nazzaro Office: Colonial Manor Realty

Price & Status History

Date Event Price Change
Nov 30, 2015 Sold $682,500
Jun 5, 2014 New Listing Added $399,900

Market Statistics

Days on Market
2 days
Price per Sq Ft
$172

Tax History

Year Taxes Assessment
2014 $6,095 $413,500

Financial Details

Annual Property Tax
$6,095
Tax Year 2014
Assessed Value
$413,500

Listing Information

Listing Agent Rick Nazzaro
Listing Office Colonial Manor Realty
Agent MLS ID B0482541
Office MLS ID B32911
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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