BMN Boston

Get our mobile app!

Download on the App Store
(617) 800 - 9008
Preview 1 Preview 2

246 Walnut St, Reading MA 01867

Reading, MA 01867
$800,000
Est. $4,987/month
3
Beds
1
Baths
1,584
Sq Ft
$505
Price/Sq Ft
2.02
Acres
1961
Year Built
Single Family Residence
Type
217
Days on Market
Active Price Drop -$198,000 Listed Jul 22, 2025 • MLS# 73407978 Copied!

About this home

Developer Alert – 2 Approved Buildable Lots in Prime Reading Location! While there is an existing single-family home on-site, the true value lies in the land. Builders & developers—capitalize on this rare opportunity in high-demand Reading. This offering includes two fully buildable lots with approved site plans and modification approvals for overhead utilities, berm, and a 16’ privacy fence: Lot 1: 27,895 sq. ft. and Lot 2: 20,058 sq. ft. Approved for a 4,500 sq. ft. home on each lot, with potential to build up to 5,500 sq. ft. including finished basement. All major approvals in place: Approved subdivision & site plans; Decision of Approvals & Order of Condition; Utility access (electric, public water/sewer at street). Exceptional location – Minutes to downtown Reading, commuter rail, and I-93. Documentation available upon request: Site plans, layouts, permits & building plans and more!

View in the App

Save this property, schedule tours instantly, and get alerts when the price drops

Scan to download BMN Boston app Scan with phone
Get the full experience in the BMN Boston app

Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1961
Bedrooms
3
Full Bathrooms
1
Living Area
1,584 sq ft
Total Rooms
7

Facts & Features

Home Facts

Type Residential
Style Single Family Residence
Year Built 1961
Living Area 1,584 sq ft
Lot Size 2.02 acres
Bedrooms 3
Full Baths 1
Total Rooms 7

Interior

Heating Baseboard, Oil
Cooling None
Flooring None
Appliances None
Fireplace None
Fireplaces 1
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture Cape
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None
Total Spaces 20

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $8,899
Assessed Value $781,300

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Style: Cape
Year Built: 1961
Structure Type:
Exterior Materials:
Roof:
Foundation: Concrete Perimeter

Heating, Cooling & Utilities

Heating: Baseboard, Oil
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Wooded, Cleared
Road Surface:

Parking & Garage

Total Parking Spaces: 20
Parking Features:

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Public School, T-Station

Location

Loading map...

Neighborhood

246 Walnut St, Reading MA 01867

Reading, MA 01867

Walkability

Loading Walk Score...

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

6 schools
A
Joshua Eaton School
0.7 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
1.3 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
2.2 mi
116 students Moderate
Grades PK
A-
Birch Meadow School
2.4 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
A
J. Warren Killam Elementary School
2.9 mi | #94 of 824 | Score: 59.7
Improved 18 spots from last year
+1.5 above state avg
406 students Moderate
Strong Attendance
Grades K-05
B+
Wood End Elementary School
3.4 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
M

Middle Schools

2 schools
A
Walter S Parker Middle School
1.3 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
2.4 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
2.0 mi
Grades 06-12
A
Reading Memorial High School
2.2 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
Learn about these ratings
School data provided by BMN Schools

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 $742
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

1
Price Changes
11%
Price Range

Property Timeline

↓
Price Reduced
Feb 24, 2026
$800,000 $99,000 (-11.01%)
From $899,000 to $800,000 (-11.0%)
🏠
Listed for Sale
Jul 22, 2025
$899,000
Original listing

Price & Status History

Date Event Price Change
Feb 24, 2026 Sold $800,000 —
Feb 24, 2026 Price Changed $800,000 -$99,000
Jul 22, 2025 New Listing Added $899,000 —

Market Statistics

Days on Market
217 days
Price per Sq Ft
$505
Total Price Drop
-$198,000

Tax History

Year Taxes Assessment
2025 $8,899 $781,300

Financial Details

Annual Property Tax
$8,899
Tax Year 2025
Assessed Value
$781,300

Listing Information

Listing Agent Cheryl Pendenza
Listing Office RE/MAX Andrew Realty Services
Agent MLS ID BB900401
Office MLS ID AC2354
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Reading, MA

Real-time market trends and pricing data for this area

246 Walnut St, Reading MA 01867 - Photo 1 246 Walnut St, Reading MA 01867 - Photo 2
BMN Boston Real Estate

BMN Boston Real Estate

Douglas Elliman

Schedule a Tour