Seller's Agent in 2021
Rick Nazzaro
Colonial Manor Realty
(781) 290-7425
114 in this area
174 Total Sales
101 Bancroft Ave Reading, MA 01867
Estimated Value: $916,000 - $970,003
5
Beds
2
Baths
2,885
Sq Ft
$329/Sq Ft
Est. Value
Highlights
- Above Ground Pool
- Deck
- Storage Shed
- Birch Meadow Elementary School Rated A-
- Porch
About This Home
As of July 2021FIRST BUYER UNEXPECTEDLY RELOCATED...SO BACK ON! Ideally located OVER-SIZED 2 family...in a much desired Birch Meadow neighborhood, yet convenient to everything. Moments to the commuter rail, downtown, major routes, schools & parks. Impressively situated on a beautiful, large corner lot, you will enjoy the spacious newer deck, above ground pool with deck surround, & the HUGE "garage style" shed. This home, having been in the same family for over 60 years, does come with a "to do" list. The roof & heating system are young, as well there being many updated features on the first floor...such as the kitchen & bath. The exterior & the second & third floors will require much updating. In the end, this property will be a KEEPER! It's perfect for those seeking to live in one unit while renting the other, for those with extended family, or...for the investor to generate significant income from 2 units, or to perhaps convert to 2 condominiums. Whatever your pleasure, this is one smart purchase.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,625
Year Built
- Built in 1920
Lot Details
- 0.33
Outdoor Features
- Above Ground Pool
- Deck
- Storage Shed
- Rain Gutters
- Porch
Schools
- RMHS High School
Additional Features
- Basement
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 29, 2021
Closed on
Jul 30, 2021
Sold by
Merrill Gail A and Merrill Edward
Bought by
Cerra Laudeo
Seller's Agent
Rick Nazzaro
Colonial Manor Realty
Buyer's Agent
Ilya Cobi
William Raveis R. E. & Home Services
List Price
$699,900
Sold Price
$757,500
Premium/Discount to List
$57,600
8.23%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,001
Avg. Annual Appreciation
5.90%
Original Mortgage
$731,735
Outstanding Balance
$672,781
Interest Rate
2.93%
Mortgage Type
FHA
Estimated Equity
$277,720
Purchase Details
Closed on
Mar 15, 2004
Sold by
Merrill E and Merrill Edward
Bought by
Abbott Alice and Abbott Ralph
Purchase Details
Closed on
Oct 1, 2003
Sold by
Bancroft T
Bought by
Merrill Edward and Merrill Gail A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cerra Laudeo | $757,000 | None Available | |
| Abbott Alice | -- | -- | |
| Merrill Edward | $160,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cerra Laudeo | $731,735 | |
| Previous Owner | Merrill Gail A | $153,000 | |
| Previous Owner | Merrill Edward | $158,000 | |
| Previous Owner | Merrill Edward | $120,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/30/2021 07/30/21 | Sold | $757,500 | +8.2% | $263 / Sq Ft |
| 05/17/2021 05/17/21 | Pending | -- | -- | -- |
| 05/12/2021 05/12/21 | For Sale | $699,900 | 0.0% | $243 / Sq Ft |
| 05/05/2021 05/05/21 | Pending | -- | -- | -- |
| 04/29/2021 04/29/21 | For Sale | $699,900 | -- | $243 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,625 | $845,000 | $498,800 | $346,200 |
| 2024 | $9,517 | $812,000 | $479,200 | $332,800 |
| 2023 | $9,226 | $732,800 | $432,100 | $300,700 |
| 2022 | $8,887 | $666,700 | $392,800 | $273,900 |
| 2021 | $8,917 | $645,700 | $376,400 | $269,300 |
| 2020 | $8,575 | $614,700 | $358,100 | $256,600 |
| 2019 | $8,335 | $585,700 | $341,100 | $244,600 |
| 2018 | $7,666 | $552,700 | $321,700 | $231,000 |
| 2017 | $7,371 | $525,400 | $303,500 | $221,900 |
| 2016 | $6,743 | $465,000 | $271,900 | $193,100 |
| 2015 | $6,546 | $445,300 | $251,300 | $194,000 |
| 2014 | $6,399 | $434,100 | $242,800 | $191,300 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Nazzaro
-
Ilya Cobi
Buyer's Agent in 2021
Ilya Cobi
William Raveis R. E. & Home Services
(617) 943-6503
1 in this area
175 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72822631
APN: READ-000021-000000-000370
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