NOT LISTED FOR SALE

114 Ash St Reading, MA 01867

Estimated Value: $768,000 - $950,000

4 Beds
2 Baths
1,502 Sq Ft
$562/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $665,000 $443 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $5,072/month

4 Days on Market

Highlights

  • Deck
  • Property is near public transit and schools
  • Jogging Path
  • Birch Meadow Elementary School Rated A-
  • Wood Flooring
  • 4-minute walk to Washington Park

About This Home

As of August 2021

SOLID 2 FAMILY IN PRIME LOCATION IN THE BEAUTIFUL AND DESIRABLE TOWN OF READING! Calling all buyers looking to own an amazing turnkey rental property in Reading! Great Potential for condo conversion or rental property investment. This property offers 4 spacious bedrooms with a total of 8 rooms, beautiful and oversized basement with an amazing potential for a finished basement for extra living space, first floor offers brand new central AC, new bathroom, upgraded kitchen with granite countertops, nice back yard and parking lot for 4 cars. Conveniently located at a short distance to the commuter rail to Boston, close to excellent schools and next to downtown Reading where you will find great restaurants, several banking and fun shopping centers. Easy access to major highways.

Last Agent to Sell the Property

Yessenia Alvarado

Coldwell Banker Realty - Marblehead Listed on: 07/14/2021

Coldwell Banker Realty - Marblehead

Last Buyer's Agent

Shaun Hannafin

Boston Real Estate Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,009

Year Built

  • Built in 1916

Lot Details

  • 3,485 Sq Ft Lot
  • Fenced
  • Garden

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,502 Sq Ft Home
  • Property has 1 Level
  • Dishwasher
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking
  • Deeded Parking

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Location

  • Property is near public transit and schools

Utilities

  • Cooling Available
  • 2 Heating Zones
  • Heating Available
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $3,500
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number 732892

Community Details

Recreation

  • Park
  • Jogging Path

Additional Features

  • 2 Units
  • Shops
  • Net Operating Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,009

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1916
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Carpet,Hardwood, Unit 1(undefined), Unit 2(Wall to Wall Carpet,Stone/Ceramic Tile Floor)
  • Interior Amenities: Unit 1(Ceiling Fans), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator), Unit 2(Range,Refrigerator), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer Hookup
  • Basement: Full, Walk-Out Access, Interior Entry
  • Living Area: 1502
  • Stories Total: 3
  • MAIN LO: H95120
  • MAIN SO: AN1456

Exterior Features

  • Exterior Features: Garden
  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Stone
  • Patio And Porch Features: Deck, Patio - Enclosed
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Deeded, Driveway, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Cooling: Unit 1(Central Air)
  • Heating: Unit 1(Hot Water Baseboard,Gas), Unit 2(Hot Water Baseboard,Gas)
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, Public School, T-Station
  • Rent Includes: Unit 1(Water), Unit 2(Water)

Lot Info

  • Parcel Number: 732892
  • Zoning: BUSB
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3484.8
  • Lot Size Units: Acres
  • LOT SIZE: 3510

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 7008.58

Multi Family

  • Net Operating Income: 42000
  • Number Of Units Total: 2
  • Total Actual Rent: 3500
  • LEVELS 1: 1
  • LEASE 2: N
  • LEASE 1: Y

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 18, 2020
Sold by
Anthony N Vinciarelli Ret and Vinciarelli
Bought by
Vinciarelli Anthony N and Vinciarelli A C
Current Estimated Value
$844,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Outstanding Balance
$305,718
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$538,436

Purchase Details

Closed on
Jul 25, 2018
Sold by
Vinciarelli Anthony N
Bought by
Anthony N Vinciarelli N and Anthony Vinciarelli

Purchase Details

Closed on
Jun 21, 2017
Sold by
Tedesco Ralph and Tedesco Marilyn
Bought by
Scire William E

Purchase Details

Closed on
Jul 1, 1991
Sold by
Rushton George W and Rushton Mary A
Bought by
Scire William E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Vinciarelli Anthony N -- None Available
Anthony N Vinciarelli N -- --
Scire William E -- --
Scire William E $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vinciarelli Anthony N $345,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2021 08/31/21 Sold $665,000 -4.9% $443 / Sq Ft
07/18/2021 07/18/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $699,000 0.0% $465 / Sq Ft
04/13/2018 04/13/18 Rented $1,700 0.0% --
03/31/2018 03/31/18 Under Contract -- -- --
03/13/2018 03/13/18 For Rent $1,700 0.0% --
03/05/2018 03/05/18 Sold $519,325 -0.1% $346 / Sq Ft View Prior Sale
01/16/2018 01/16/18 Pending -- -- --
12/01/2017 12/01/17 Price Changed $519,900 -1.9% $346 / Sq Ft
11/06/2017 11/06/17 For Sale $529,900 -- $353 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $7,898 $693,400 $395,100 $298,300
2024 $7,807 $666,100 $379,500 $286,600
2023 $7,562 $600,600 $342,200 $258,400
2022 $7,248 $543,700 $311,100 $232,600
2021 $7,009 $507,500 $294,000 $213,500
2020 $6,851 $491,100 $284,500 $206,600
2019 $6,635 $466,300 $270,100 $196,200
2018 $5,924 $427,100 $247,400 $179,700
2017 $5,789 $412,600 $239,000 $173,600
2016 $4,975 $343,100 $205,800 $137,300
2015 $4,961 $337,500 $196,000 $141,500
2014 $4,776 $324,000 $186,700 $137,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72865801

MLS Property Information Network (MLS PIN)

APN: READ-000016-000000-000330