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482 Franklin Street, Reading MA 01867

Reading, MA 01867 • a/k/a Franklin Terrace
$500,000
Est. $3,314/month
3
Beds
1.5
Baths
1,400
Sq Ft
$357
Price/Sq Ft
0.59
Acres
1845
Year Built
24
Days on Market
Closed Listed May 8, 2019 • MLS# 72495530 Copied!

About this home

**HOME IS ACTUALLY ON FRANKLIN TERRACE: A QUIET CUL DE SAC** Simply charming! A unique home loaded w/character, history, & personality, set on over 1/2 an acre w/endless expansion possibilities. Function fills this 8 rm antique Colonial in many ways w/private office space, renovated ½ bath, & not 1, but 2 living rooms. Family room w/exposed beams, features large closet & new flooring, while cozy front living room open to dining area offers fireplace & freshly refinished HDW floors. Newly refreshed EIK kitchen w/vaulted ceiling & loads of natural light from well-positioned windows features Corian counters, ample cabinets, & cozy breakfast nook. Head upstairs to find 2 beds, full bath, & private guest or teen suite in converted walk up attic w/built ins & HDW floors. Also note, full basement w/ample storage, quiet neighborhood setting w/in walking distance to town forest & just minutes from 93. Affordable, functional, & simply lovable! Come see for yourself why this home is so special.

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1845
Bedrooms
3
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,400 sq ft
Total Rooms
8

Sale Statistics

Sale Overview
Original List Price: $515,000
Final Sale Price: $500,000
Difference: $15,000 (-2.9%)
Performance Metrics
97.1%
List to Sale Ratio
Sold below asking price
24
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $368
Sale $/sq ft: $357
This property sold for $357 per square foot
Sale Summary

This property sold for 2.9% below the original asking price.

With only 24 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Single Family Residence
Year Built 1845
Living Area 1,400 sq ft
Lot Size 0.59 acres
Bedrooms 3
Full Baths 1
Half Baths 1
Total Rooms 8

Interior

Heating Electric Baseboard, Hot Water, Steam, Oil, Electric
Cooling None
Flooring Vinyl, Laminate, Hardwood, Flooring - Hardwood
Appliances Dishwasher, Disposal, Refrigerator
Fireplace Living Room
Fireplaces 1
Basement Full
Laundry In Basement, Electric Dryer Hookup
Features Cathedral Ceiling(s), Office, Internet Available - Unknown

Exterior

Construction Frame, Post & Beam
Architecture Colonial
Roof Shingle
Features Porch
Pool None
Spa None
Fencing None
Patio/Porch Porch

Parking

Garage Spaces 1
Has Garage Yes
Features Detached, Garage Door Opener, Workshop In Garage, Paved Drive, Off Street, On Street, Paved
Total Spaces 3

Utilities

Electric Circuit Breakers, 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Dryer

Financial

Annual Tax $7,032
Assessed Value $494,200

Interior Features

Flooring: Vinyl, Laminate, Hardwood, Flooring - Hardwood
Appliances: Dishwasher, Disposal, Refrigerator
Interior Features: Cathedral Ceiling(s), Office, Internet Available - Unknown
Windows: Skylight(s)
Basement: Full
Laundry: In Basement, Electric Dryer Hookup
Security:

Construction & Materials

Style: Colonial
Year Built: 1845
Structure Type:
Exterior Materials: Frame, Post & Beam
Roof: Shingle
Foundation: Stone

Heating, Cooling & Utilities

Heating: Electric Baseboard, Hot Water, Steam, Oil, Electric
Heating Zones: 3
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 3
Parking Features: Detached, Garage Door Opener, Workshop in Garage, Paved Drive, Off Street, On Street, Paved

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Shopping, Pool, Park, Walk/Jog Trails, Golf, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station

Location

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Neighborhood

a/k/a Franklin Terrace

482 Franklin Street, 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-
Birch Meadow School
0.6 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
B+
Wood End Elementary School
0.7 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
RISE PreSchool
0.8 mi
116 students Moderate
Grades PK
M

Middle Schools

2 schools
A
Arthur W Coolidge Middle School
0.7 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
A
Walter S Parker Middle School
1.5 mi | #62 of 352 | Score: 54.7
Dropped 26 spots from last year
-3.6 below state avg
467 students Moderate
Grades 06-08
H

High Schools

2 schools
A
Reading Memorial High School
0.8 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
Austin Prep School
0.9 mi
Grades 06-12
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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
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 $586
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
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
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

45.2%
Price Range
27
Total Days on Market
2
Previous Sales

Property Timeline

Previous Transaction - MLS #72789922
Full transaction history available when tracking began
🏷️
Previously Sold
Apr 8, 2021
$625,000
MLS #72789922
Sold
Jul 19, 2019
$500,000
Property sold
Days on Market: 27
🏠
Listed for Sale
May 8, 2019
$499,999
Original listing
Agent: Susan Gormady Office: Classified Realty Group
Previous Transaction - MLS #71543835
Full transaction history available when tracking began
🏷️
Previously Sold
Sep 27, 2013
$342,360
MLS #71543835

Price & Status History

Date Event Price Change
Apr 8, 2021 Sold $625,000
May 8, 2019 New Listing Added $499,999
Sep 27, 2013 Sold $342,360

Market Statistics

Days on Market
24 days
Price per Sq Ft
$357

Tax History

Year Taxes Assessment
2019 $7,032 $494,200

Financial Details

Annual Property Tax
$7,032
Tax Year 2019
Assessed Value
$494,200

Listing Information

Listing Agent Susan Gormady
Listing Office Classified Realty Group
Agent MLS ID CN201322
Office MLS ID AN1116
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

Real-time market trends and pricing data for this area

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