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533 Summer Ave, Reading MA 01867

Reading, MA 01867
$500,000
Est. $3,334/month
5
Beds
2.5
Baths
2,462
Sq Ft
$203
Price/Sq Ft
0.68
Acres
1916
Year Built
Multi Family
Type
278
Days on Market
Closed Listed Aug 2, 2017 • MLS# 72207492 Copied!

About this home

Currently a legal 2 family but what a fabulous single this would make. Surrounded by a very country 3/4 acre , this diamond in the rough can be a compound for you and your extended family with totally separate living quarters . The front of the home looks like a cozy abode but once you approach and see the entire home you ''ll be wowed by the space.. From the 2 car attached garage complete with 2 additional work rooms, the stone walls and massive driveway to the sheer privacy of the rear lot, you'll feel like youve crossed the border to north country. Bring your ideas , tools , family and friends and invest your sweat equity tnto your future.Live in the apartment while you complete the main home.Please do not walk the property without an appt.

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Public Records

Current Owner

Owner MORELLO ELLEN
Mailing Address 533 SUMMER AVENUE UNIT 2, READING, MA, 01867

Land Use

Use Code 102
Description Condominium
Zoning S15
Style CONDO-GRDN

Tax Information

Assessed Value $536,500
Tax Rate $12.38 per $1,000
Base Tax $6,642
CPA Surcharge 1.5% ($81)
Estimated Annual Tax $6,723

Assessment History

Year Land Building Total Change
FY2026 $0 $535,500 $536,500 —

Sale History

Date Price Book/Page
Aug 26, 2020 $480,000 75462/559
Apr 30, 2020 $600,000 74583/109

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 (89.5% confidence) · Data as of Mar 8, 2026

Property Overview

Property Type
Multi Family
Listing Type
For Sale
Year Built
1916
Bedrooms
5
Full Bathrooms
2
Half Bathrooms
1
Living Area
2,462 sq ft
Total Rooms
10
Stories
3
Levels
3

Sale Statistics

Sale Overview
Original List Price: $599,900
Final Sale Price: $500,000
Difference: $99,900 (-16.7%)
Performance Metrics
83.3%
List to Sale Ratio
Sold below asking price
278
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $244
Sale $/sq ft: $203
This property sold for $203 per square foot
Sale Summary

This property sold for 16.7% below the original asking price.

At 278 days on market, this property took longer than average to sell.

Facts & Features

2 Car Garage

Home Facts

Type Residential Income
Style Multi Family
Year Built 1916
Living Area 2,462 sq ft
Lot Size 0.68 acres
Bedrooms 5
Full Baths 2
Half Baths 1
Total Rooms 10

Interior

Heating Baseboard, Oil
Cooling None
Flooring Wood, Vinyl, Carpet, Hardwood
Appliances Range, Dishwasher, Disposal
Fireplace Wood Burning
Fireplaces 1
Basement Partial
Laundry Electric Dryer Hookup, Washer Hookup
Features Ceiling Fan(s), Bathroom With Tub & Shower, Bathroom With Tub, Kitchen, Laundry Room, Living Rm/dining Rm Combo, Living Room, Dining Room

Exterior

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

Parking

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

Utilities

Electric Fuses
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup

Financial

Annual Tax $7,273
Assessed Value $518,400

Interior Features

Flooring: Wood, Vinyl, Carpet, Hardwood
Appliances: Range, Dishwasher, Disposal
Interior Features: Ceiling Fan(s), Bathroom With Tub & Shower, Bathroom With Tub, Kitchen, Laundry Room, Living RM/Dining RM Combo, Living Room, Dining Room
Windows: Storm Window(s)
Basement: Partial
Laundry: Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1916
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone
Stories: 3

Heating, Cooling & Utilities

Heating: Baseboard, Oil
Heating Zones: 2
Cooling:
Hot Water: Oil, Tankless
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Rain Gutters
Patio & Porch: Enclosed, Patio
Fencing:
Other Structures:
Lot Features: Wooded, Cleared, Sloped
Road Surface:

Parking & Garage

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

Special Features

Fireplaces: 1
Fireplace Type: Wood Burning
Community Amenities: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School

Location

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Neighborhood

533 Summer Ave, 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
0.6 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
1.4 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
1.8 mi
116 students Moderate
Grades PK
A-
Birch Meadow School
2.0 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
2.2 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
3.1 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
1.1 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
2.0 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
2.0 mi
Grades 06-12
A
Reading Memorial High School
1.8 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
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

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Including down payment
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $606
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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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

9.1%
Price Range
61
Total Days on Market

Property Timeline

✓
Sold
Jun 22, 2018
$500,000
Property sold
Days on Market: 61
🏠
Listed for Sale
Aug 2, 2017
$549,900
Original listing
Agent: Bobbie Botticelli Office: Colonial Manor Realty

Price & Status History

Date Event Price Change
Aug 2, 2017 New Listing Added $549,900 —

Market Statistics

Days on Market
278 days
Price per Sq Ft
$203

Tax History

Year Taxes Assessment
2017 $7,273 $518,400

Financial Details

Annual Property Tax
$7,273
Tax Year 2017
Assessed Value
$518,400

Listing Information

Listing Agent Bobbie Botticelli
Listing Office Colonial Manor Realty
Agent MLS ID B0361827
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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