101 Bancroft Ave Reading, MA 01867
Estimated Value: $908,492 - $975,000
5
Beds
2
Baths
2,885
Sq Ft
$326/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%
Total Days on Market
18
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
$184,123
Avg. Annual Appreciation
5.91%
Original Mortgage
$731,735
Outstanding Balance
$672,781
Interest Rate
2.93%
Mortgage Type
FHA
Estimated Equity
$268,842
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
Similar Homes in Reading, MA
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
Seller's Agent in 2021
Rick Nazzaro
Colonial Manor Realty
(781) 290-7425
115 in this area
171 Total Sales
-
Ilya Cobi
Buyer's Agent in 2021
Ilya Cobi
William Raveis R. E. & Home Services
(617) 943-6503
1 in this area
178 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72822631
APN: READ-000021-000000-000370
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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