245 Summer Avenue, Reading MA 01867
Reading, MA 01867
$700,000
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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.
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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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
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/14/2024 | 🏷️ Previously Sold | $1,850,000 | - | - | MLS #73214259 |
| 03/18/2019 | 🏷️ Previously Sold | $1,500,000 | - | - | MLS #72394007 |
| 03/27/2017 | ✓ Sold | $700,000 | - | - | Property sold |
| 04/22/2016 | 🏠 Listed for Sale | $750,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2016 | $10,492 | $723,600 |
Financial Details
Annual Property Tax
$10,492
Tax Year 2016
Assessed Value
$723,600
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
Investment Metrics
Units
2
Unit 1 Rent
— · Y
Unit 2 Rent
— · Y
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
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
White
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
135 days
Property Overview
Property Type
Multi Family
Listing Type
Sold
Year Built
1919
Bedrooms
10
Full Bathrooms
5
Half Bathrooms
1
Living Area
5,735 sq ft
Total Rooms
23
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Display Options
Outdoor Areas
Patio & porchPorch, Deck, Patio
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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
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
Elementary Schools
3 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
Middle Schools
3 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
B
John F Kennedy Middle School
2.4 mi
|
#176 of 352
|
Score: 42.4
Improved 42 spots from last year
-15.8 below state avg
521 students
Diverse
Rising School
Grades 06-08
High Schools
3 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
Nazareth Academy
2.3 mi
Grades 09-12
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Location
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Neighborhood
245 Summer Avenue, Reading MA 01867
Reading, MA 01867
Listing Information
Listing Office
Coldwell Banker Residential Brokerage - Lexington
Office Phone
781-862-2600
Agent MLS ID
BB808326
Office MLS ID
BB9589
Listing Data Updated
Mar 28, 2017 10:26 AM EDT
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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