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245 Summer Avenue, Reading MA 01867

Reading, MA 01867
$700,000
Est. $4,614/month
10
Beds
5.5
Baths
5,735
Sq Ft
$122
Price/Sq Ft
0.47
Acres
1919
Year Built
297
Days on Market
Closed Listed Apr 22, 2016 • MLS# 71992604 Copied!

About this home

Enormous multi-family home with 23 rooms, 10 bedrooms, 5.5 bathrooms with full basement. Great ceiling height on all levels with a total area of over 8,700 square feet on a level 20,000+ square feet lot. Conveniently located to town center, commuter rail and highway. This property has great potential to be a grand single family home or keep its current status (property record card) as a two-family home.

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Public Records

Current Owner

Owner PLICHTA GREGORY ALLAN
Mailing Address 245 SUMMER AVE, READING, MA, 01867

Land Use

Use Code 101
Description Single Family
Zoning S15
Style COLONIAL

Tax Information

Assessed Value $1,897,800
Tax Rate $12.38 per $1,000
Base Tax $23,495
CPA Surcharge 1.5% ($334)
Estimated Annual Tax $23,829

Assessment History

Year Land Building Total Change
FY2026 $549,900 $1,334,400 $1,897,800

Sale History

Date Price Book/Page
Jun 14, 2024 $1,850,000 82887/428

Municipal Context: READING

Median Home Value $665,000
Avg SF Tax Bill $8,230
Residential Tax Rate $12.38/1000
CPA Surcharge 1.5%
County Middlesex
Match: geocode_proximity (89.6% confidence) · Data as of Mar 8, 2026

Property Overview

Property Type
Multi Family
Listing Type
For Sale
Year Built
1919
Bedrooms
10
Full Bathrooms
5
Half Bathrooms
1
Living Area
5,735 sq ft
Total Rooms
23
Stories
3
Levels
3

Sale Statistics

Sale Overview
Original List Price: $795,000
Final Sale Price: $700,000
Difference: $95,000 (-11.9%)
Performance Metrics
88.1%
List to Sale Ratio
Sold below asking price
297
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $139
Sale $/sq ft: $122
This property sold for $122 per square foot
Sale Summary

This property sold for 11.9% below the original asking price.

At 297 days on market, this property took longer than average to sell.

Facts & Features

3 Car Garage

Home Facts

Type Residential Income
Style Multi Family
Year Built 1919
Living Area 5,735 sq ft
Lot Size 0.47 acres
Bedrooms 10
Full Baths 5
Half Baths 1
Total Rooms 23

Interior

Heating None
Cooling None
Flooring Wood, Vinyl, Carpet
Appliances None
Fireplace None
Fireplaces 2
Basement Full, Interior Entry, Concrete
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof Shingle, Rubber
Features Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch Porch, Deck, Patio

Parking

Garage Spaces 3
Has Garage Yes
Features Paved Drive, Off Street, Paved
Total Spaces 9

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $10,492
Assessed Value $723,600

Interior Features

Flooring: Wood, Vinyl, Carpet
Appliances:
Interior Features:
Windows: Insulated Windows
Basement: Full, Interior Entry, Concrete
Laundry:
Security:

Construction & Materials

Year Built: 1919
Structure Type:
Exterior Materials:
Roof: Shingle, Rubber
Foundation: Stone, Irregular
Stories: 3

Heating, Cooling & Utilities

Heating:
Heating Zones: 5
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Rain Gutters
Patio & Porch: Porch, Deck, Patio
Fencing:
Other Structures:
Lot Features: Level
Road Frontage: 140.00 ft
Road Surface: Paved

Parking & Garage

Garage Spaces: 3
Total Parking Spaces: 9
Parking Features: Paved Drive, Off Street, Paved

Special Features

Fireplaces: 2
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Highway Access, House of Worship, Private School, Public School, Sidewalks

Location

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Neighborhood

245 Summer Avenue, 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
Joshua Eaton School
0.4 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
Alice M Barrows School
0.5 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
RISE PreSchool
1.2 mi
116 students Moderate
Grades PK
A-
Birch Meadow School
1.3 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
J. Warren Killam Elementary School
2.0 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
2.3 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
0.3 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
1.4 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
1.0 mi
Grades 06-12
A
Reading Memorial High School
1.2 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
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $874
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
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Current Rate
$0/mo
+0.5% Rate
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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

62.2%
Price Range
135
Total Days on Market
2
Previous Sales

Property Timeline

Previous Transaction - MLS #73214259
Full transaction history available when tracking began
🏷️
Previously Sold
Jun 14, 2024
$1,850,000
MLS #73214259
Previous Transaction - MLS #72394007
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 18, 2019
$1,500,000
MLS #72394007
Sold
Mar 27, 2017
$700,000
Property sold
Days on Market: 135
🏠
Listed for Sale
Apr 22, 2016
$750,000
Original listing
Agent: Thomas Barlow Office: Coldwell Banker Residential Brokerage - Lexington

Price & Status History

Date Event Price Change
Jun 14, 2024 Sold $1,850,000
Mar 18, 2019 Sold $1,500,000
Apr 22, 2016 New Listing Added $750,000

Market Statistics

Days on Market
297 days
Price per Sq Ft
$122

Tax History

Year Taxes Assessment
2016 $10,492 $723,600

Financial Details

Annual Property Tax
$10,492
Tax Year 2016
Assessed Value
$723,600

Listing Information

Listing Agent Thomas Barlow
Listing Office Coldwell Banker Residential Brokerage - Lexington
Agent MLS ID BB808326
Office MLS ID BB9589
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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245 Summer Avenue, Reading MA 01867 - Photo 1 245 Summer Avenue, Reading MA 01867 - Photo 2 245 Summer Avenue, Reading MA 01867 - Photo 3
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