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261 Salem Street, Reading MA 01867

Reading, MA 01867
$580,000
Est. $4,067/month
2
Beds
2
Baths
1,565
Sq Ft
$371
Price/Sq Ft
2005
Year Built
43
Days on Market
Closed Listed Jul 16, 2025 • MLS# 73405308 Copied!

About this home

Location, location, location! Rare opportunity to own a 1 level, second floor, corner unit, Townhouse in the very desirable, 55 plus community ( Maplewood Village) Sun splashed open concept, corner unit with large eat-in kitchen, stainless steel appliances, new beautiful granite countertops, Tray ceilings in living room and Master bedroom, 2 large bedrooms. Private master suite has walk-in shower and (bidet’) and large walk in closet, gas fireplace in living room/dining room area makes it a cozy romantic setting. With gleaming hardwood floors and an over sized garage, private deck to sit and enjoy your morning coffee. What more could you ask for? Lock box easy to show. OPEN HOUSE CANCELLED!!!!!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2005
Bedrooms
2
Full Bathrooms
2
Living Area
1,565 sq ft
Total Rooms
5
Stories
2
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $659,900
Final Sale Price: $580,000
Difference: $79,900 (-12.1%)
Performance Metrics
87.9%
List to Sale Ratio
Sold below asking price
43
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $422
Sale $/sq ft: $371
This property sold for $371 per square foot
Sale Summary

This property sold for 12.1% below the original asking price.

The property spent 43 days on market before selling.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2005
Living Area 1,565 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Electric
Cooling Central Air
Flooring Carpet, Hardwood
Appliances Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Fireplace Living Room
Fireplaces 1
Basement N
Laundry In Unit
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Deck
Pool None
Spa None
Fencing None
Patio/Porch Deck

Parking

Garage Spaces 1
Has Garage Yes
Features Attached, Off Street
Total Spaces 2

Utilities

Electric 220 Volts, Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $6,694
Assessed Value $587,700

Interior Features

Flooring: Carpet, Hardwood
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: N
Laundry: In Unit
Security:

Construction & Materials

Year Built: 2005
Structure Type: Townhouse
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Electric
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Attached, Off Street

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, Medical Facility, Highway Access, House of Worship, Public School, Adult Community

Location

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Neighborhood

261 Salem Street, Reading MA 01867

Reading, MA 01867

Walkability

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Nearby Schools

School information not available for this location.

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 $558
Homeowners Insurance $200
HOA Fee $376/mo
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

3.3%
Price Range
45
Total Days on Market

Property Timeline

Sold
Sep 21, 2025
$580,000
Property sold
Days on Market: 45
🏠
Listed for Sale
Jul 16, 2025
$599,900
Original listing
Agent: Annmarie DiGiovanni Office: Bond Realty, Inc.

Price & Status History

Date Event Price Change
Jul 16, 2025 New Listing Added $599,900

Market Statistics

Days on Market
43 days
Price per Sq Ft
$371

Tax History

Year Taxes Assessment
2025 $6,694 $587,700

Financial Details

Annual Property Tax
$6,694
Tax Year 2025
HOA Fee
$376
Monthly
Assessed Value
$587,700

Listing Information

Listing Agent Annmarie DiGiovanni
Listing Office Bond Realty, Inc.
Agent MLS ID B8000718
Office MLS ID B91401
Listing Data Updated Sep 26, 2025 10:29 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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Market Analytics for Reading, MA

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