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240 Martins Landing # 405, North Reading MA 01864

North Reading, MA 01864
$560,000
Est. $4,117/month
2
Beds
2
Baths
1,140
Sq Ft
$491
Price/Sq Ft
2021
Year Built
29
Days on Market
Closed Listed Jul 16, 2025 • MLS# 73405390 Copied!

About this home

Welcome home to Martins Landing in North Reading! This PENTHOUSE unit offers one deeded GARAGE SPACE! Lovely open floor plan with 9' ceilings, lots of natural light. Beautiful hardwood floors throughout the kitchen and main living area with slider to private balcony. The kitchen has bright white cabinetry, stone counters, marble backsplash, recessed lighting, SS appliances and a center island with seating. Front room with French doors would make a nice home office or den. Large primary en-suite with bay window, spa-like bath and large walk-in closet. Second bedroom has spacious closet with large full bath close by. In unit laundry with full size washer/dryer and garage. Visit the clubhouse with game tables, patio with tables, fitness center and so much more! Enjoy low maintenance lifestyle in this very desirable 55+ community. Pets allowed with restrictions. Elevator. This unit has many upgrades making this unit truly unique.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2021
Bedrooms
2
Full Bathrooms
2
Living Area
1,140 sq ft
Total Rooms
6
Stories
1
Entry Level
4

Sale Statistics

Sale Overview
Original List Price: $549,900
Final Sale Price: $560,000
Difference: +$10,100 (+1.8%)
Performance Metrics
101.8%
List to Sale Ratio
Sold above asking price
29
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $482
Sale $/sq ft: $491
This property sold for $491 per square foot
Sale Summary

This property sold for 1.8% above the original asking price, indicating strong buyer demand.

With only 29 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 4 similar properties sold within 0.5 miles in the last 90 days

This Property
$491/sq ft
Area Average
$518/sq ft
Difference
5.2%

This property sold near the area average for similar homes.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2021
Living Area 1,140 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 6

Interior

Heating Central, Natural Gas
Cooling Central Air, Individual, Unit Control
Flooring Tile, Carpet, Hardwood, Flooring - Hardwood
Appliances Range, Dishwasher, Microwave, Washer, Dryer
Fireplace None
Basement N
Laundry Fourth Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Features Closet, Bonus Room, Foyer

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Balcony, Screens, Professional Landscaping, Sprinkler System
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Garage Door Opener, Deeded, Garage Faces Side, Common, Guest, Paved
Total Spaces 1

Utilities

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

Financial

Annual Tax $7,929
Assessed Value $607,100

Interior Features

Flooring: Tile, Carpet, Hardwood, Flooring - Hardwood
Appliances: Range, Dishwasher, Microwave, Washer, Dryer
Interior Features: Closet, Bonus Room, Foyer
Windows: Screens
Basement: N
Laundry: Fourth Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 2021
Structure Type: Garden
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Natural Gas
Heating Zones: 1
Cooling: Central Air, Individual, Unit Control
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Private Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony, Screens, Professional Landscaping, Sprinkler System
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 1
Parking Features: Under, Garage Door Opener, Deeded, Garage Faces Side, Common, Guest, Paved

Location

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Neighborhood

240 Martins Landing # 405, North Reading MA 01864

North Reading, MA 01864

Walkability

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Nearby Schools

School District
North Reading School District local
A
School Safety 2024-25
0.0% Very Low (Safest)
0.4% In-School
5.5% below state avg
E

Elementary Schools

2 schools
B+
Woburn Street School
1.3 mi | #283 of 824 | Score: 51.3
Dropped 198 spots from last year
-6.9 below state avg
368 students Moderate
Strong Attendance
Grades 01-03
A-
North Intermediate School
1.4 mi | #196 of 824 | Score: 55.2
Improved 4 spots from last year
-3 below state avg
246 students Less Diverse
Strong Attendance
Grades 04-05
Learn about these ratings

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 $661
Homeowners Insurance $200
HOA Fee $425/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

1.8%
Price Range
291
Total Days on Market

Property Timeline

Sold
Aug 28, 2025
$560,000
Property sold
Days on Market: 291
🏠
Listed for Sale
Jul 16, 2025
$549,900
Original listing
Agent: Evelyn Rockas Office: Coldwell Banker Realty - Lynnfield

Price & Status History

Date Event Price Change
Jul 16, 2025 New Listing Added $549,900

Market Statistics

Days on Market
29 days
Price per Sq Ft
$491

Tax History

Year Taxes Assessment
2025 $7,929 $607,100

Financial Details

Annual Property Tax
$7,929
Tax Year 2025
HOA Fee
$425
Monthly
Assessed Value
$607,100

Listing Information

Listing Agent Evelyn Rockas
Listing Office Coldwell Banker Realty - Lynnfield
Agent MLS ID C9501399
Office MLS ID AN6219
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 North Reading, MA

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