533 Summer Ave, Reading MA 01867
Reading, MA 01867
$500,000
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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.
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 & Permits
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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
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/22/2018 | ✓ Sold | $500,000 | - | - | Property sold |
| 08/02/2017 | 🏠 Listed for Sale | $549,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2017 | $7,273 | $518,400 |
Financial Details
Annual Property Tax
$7,273
Tax Year 2017
Assessed Value
$518,400
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
Investment Metrics
Units
2
Unit 1 Rent
$1,200/mo · N
Unit 2 Rent
— · N
Total Monthly Rent
$1,200/mo
Gross Income
$14,400
Net Operating Income
$14,400
Cap Rate
2.62%
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
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
The Main Home Is In Need Of Major Renovations But The Space And Charm Can Be Revived. Electric Needs Updating. Apartment Is Like A Separate Ranch And Is In Rentable Condition. Tenant At Will Pays $1200 Month.
Exclusions
Washer/Dryer , Frige And Electric Frpl.In Apt. Is Property Of Tenant.
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
[]
House Color
Gray
Sq Ft Source
Public Record
Sq Ft Disclosures
Main house 2 floors. Rear apt. 1 level.
Documents
None
County
Middlesex
Total market time (incl. prior listings)
61 days
Property Overview
Property Type
Multi Family
Listing Type
Sold
Year Built
1916
Bedrooms
5
Full Bathrooms
2
Half Bathrooms
1
Living Area
2,462 sq ft
Total Rooms
10
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Display Options
Outdoor Areas
Patio & porchEnclosed, 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, 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
Nearby Schools
School information not available for this location.
Location
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Neighborhood
533 Summer Ave, Reading MA 01867
Reading, MA 01867
Listing Information
Listing Agent
Bobbie Botticelli
Listing Office
Colonial Manor Realty
Office Phone
781-944-6300
Agent MLS ID
B0361827
Office MLS ID
B32911
Listing Data Updated
Jun 22, 2018 4:56 PM 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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