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245 Summer Avenue, Reading MA 01867

Reading, MA 01867
$1,500,000
Est. $8,770/month
6
Beds
6.5
Baths
5,735
Sq Ft
$262
Price/Sq Ft
0.47
Acres
2018
Year Built
137
Days on Market
Closed Listed Sep 12, 2018 • MLS# 72394007 Copied!

About this home

245 Summer Avenue: An exceptional property in a desired community, coupled with an exquisite level of craftsmanship and quality finishes. We will make you one promise before you visit, there will be NO other home quite like this. Every inch has been professionally designed and will leave you breathless upon entering. The first floor is comprised of a living room with custom built ins and fireplace with marble surround, an office with bath, an open concept family room and kitchen with fireplace, and a stunning dining room with coffered ceilings. Don't forget about the 1st floor en-suite bedroom, mudroom AND laundry room! The 2nd level provides 4 bedrooms (all with their own bath) including the master suite with fireplace and spa-like bathroom oasis. The completely finished 3rd floor boasts endless possibilities! With soaring ceilings and oversized rooms, you will live everyday feeling like royalty while appreciating the warmth of the colors, tones, fixtures, & textures this home offers.

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
2018
Bedrooms
6
Full Bathrooms
6
Half Bathrooms
1
Living Area
5,735 sq ft
Total Rooms
15

Sale Statistics

Sale Overview
Original List Price: $1,699,000
Final Sale Price: $1,500,000
Difference: $199,000 (-11.7%)
Performance Metrics
88.3%
List to Sale Ratio
Sold below asking price
137
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $296
Sale $/sq ft: $262
This property sold for $262 per square foot
Sale Summary

This property sold for 11.7% below the original asking price.

At 137 days on market, this property took longer than average to sell.

Nearby Sales Comparison

Based on 3 similar properties sold within 0.5 miles in the last 90 days

This Property
$262/sq ft
Area Average
$520/sq ft
Difference
49.6%

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

Facts & Features

3 Car Garage
Central AC

Home Facts

Type Residential
Style Single Family Residence
Year Built 2018
Living Area 5,735 sq ft
Lot Size 0.47 acres
Bedrooms 6
Full Baths 6
Half Baths 1
Total Rooms 15

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Tile, Carpet, Hardwood, Flooring - Hardwood, Flooring - Wall To Wall Carpet, Flooring - Stone/ceramic Tile
Appliances Tankless Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Range Hood
Fireplace Family Room, Kitchen, Living Room, Master Bedroom
Fireplaces 3
Basement Full, Unfinished
Laundry Flooring - Stone/ceramic Tile, First Floor, Washer Hookup
Features Recessed Lighting, Bathroom - Full, Bathroom - Tiled With Shower Stall, Office, Bedroom, Play Room, Media Room, Bonus Room, Bathroom

Exterior

Construction Frame
Architecture Colonial
Roof Shingle, Rubber, Metal
Features Deck, Patio, Rain Gutters, Professional Landscaping, Sprinkler System
Pool None
Spa None
Fencing None
Patio/Porch Deck, Patio

Parking

Garage Spaces 3
Has Garage Yes
Features Detached, Garage Door Opener, Garage Faces Side, Paved Drive, Paved
Total Spaces 13

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, Washer Hookup

Financial

Annual Tax $11,827
Assessed Value $852,700

Interior Features

Flooring: Tile, Carpet, Hardwood, Flooring - Hardwood, Flooring - Wall to Wall Carpet, Flooring - Stone/Ceramic Tile
Appliances: Tankless Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Range Hood
Interior Features: Recessed Lighting, Bathroom - Full, Bathroom - Tiled With Shower Stall, Office, Bedroom, Play Room, Media Room, Bonus Room, Bathroom
Windows: Insulated Windows
Basement: Full, Unfinished
Laundry: Flooring - Stone/Ceramic Tile, First Floor, Washer Hookup
Security:

Construction & Materials

Style: Colonial
Year Built: 2018
Structure Type:
Exterior Materials: Frame
Roof: Shingle, Rubber, Metal
Foundation: Stone, Brick/Mortar

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 3
Cooling: Central Air
Cooling Zones: 3
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Deck, Patio, Rain Gutters, Professional Landscaping, Sprinkler System
Patio & Porch: Deck, Patio
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 3
Total Parking Spaces: 13
Parking Features: Detached, Garage Door Opener, Garage Faces Side, Paved Drive, Paved

Special Features

Fireplaces: 3
Fireplace Type: Family Room, Kitchen, Living Room, Master Bedroom
Community Amenities: Public Transportation, Shopping, Park, Highway Access, House of Worship, Private School, Public School, T-Station

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

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
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
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $986
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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$0/mo
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Current Rate
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+0.5% Rate
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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

62.2%
Price Range
138
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
Sold
Mar 18, 2019
$1,500,000
Property sold
Days on Market: 138
🏠
Listed for Sale
Sep 12, 2018
$1,599,000
Original listing
Agent: Philip J. Vita Office: Leading Edge Real Estate
Previous Transaction - MLS #71992604
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 27, 2017
$700,000
MLS #71992604

Price & Status History

Date Event Price Change
Jun 14, 2024 Sold $1,850,000
Sep 12, 2018 New Listing Added $1,599,000
Mar 27, 2017 Sold $700,000

Market Statistics

Days on Market
137 days
Price per Sq Ft
$262

Tax History

Year Taxes Assessment
2018 $11,827 $852,700

Financial Details

Annual Property Tax
$11,827
Tax Year 2018
Assessed Value
$852,700

Listing Information

Listing Agent Philip J. Vita
Listing Office Leading Edge Real Estate
Agent MLS ID BB953912
Office MLS ID AN4643
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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