NOT LISTED FOR SALE

16 Arlington St Reading, MA 01867

Estimated Value: $806,000 - $923,000

4 Beds
2 Baths
2,156 Sq Ft
$405/Sq Ft Est. Value

Last Sold August 23, 2019

Last sale price $620,000 $288 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $5,571/month

9 Days on Market

About This Home

As of August 2019

**MOTIVATED SELLER** Great investment property to generate income while living close to beautiful downtown Reading. you or your tenants can walk to the commuter rail, shops, and downtown Reading. Close to interstate 93 and 95, 1st Floor unit updated in 2015, Vinyl siding done in 2015, newer heating systems, separate water meters for each unit, 2nd floor bathroom updated in 2017. This property won't last please see special showing instructions when trying to view this property. email all questions to the owner.

Last Listed By

Joseph Coluntino

Joseph A. Coluntino Jr. Listed on: 06/15/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,770

Year Built

  • Built in 1920

Lot Details

  • 4,356

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:016.0-0000-0370.0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,770

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 296.85
  • Comp Based On: Net Sale Price
  • Year Built: 1920
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1920

Interior Features

  • Total Flrs: 3
  • No Bedrooms: 4
  • Total Brs: 4
  • Full Bathrooms: 2
  • Total Fbh: 2
  • No Rooms: 10
  • Rms Common: Laundry
  • Basement: Y
  • Basement Features: Unfinished Basement
  • Main Lo: AN3036
  • Main So: AN3036
  • Estimated Sq Ft: 2156.00

Exterior Features

  • Exterior: Vinyl
  • Foundation: Fieldstone, Brick

Garage/Parking

  • Parking Spaces: 4

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water

Lot Info

  • Assessments: 509500.00
  • Acre: 0.10
  • Lot Size: 4395.00
  • Page: 129
  • Parcel Number: M:016.0-0000-0370.0
  • Zoning: S15
  • Lot Description: Paved Drive

Multi Family

  • Total Levels: 3
  • Total Rms: 10
  • No Units: 2
  • Mf Type: 2 Family

Tax Info

  • Taxes: 7250.00
  • Assessor Parcel Number: 733222

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2021
Sold by
Lutkevich Derek and Reti Alexandra
Bought by
Lutkevich Derek and Reti Alexandra
Total Days on Market
9
Current Estimated Value
$872,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Outstanding Balance
$444,893
Interest Rate
3%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$428,039

Purchase Details

Listed on
Jun 15, 2019
Closed on
Aug 22, 2019
Sold by
Decicco Matthew and Vozzella Jenna
Bought by
Lutkevich Derek and Reti Alexandra
Seller's Agent
Joseph Coluntino
Joseph A. Coluntino Jr.
Buyer's Agent
Joseph Coluntino
Joseph A. Coluntino Jr.
List Price
$650,000
Sold Price
$620,000
Premium/Discount to List
-$30,000
-4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.15%
Original Mortgage
$527,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 1, 2013
Closed on
Jul 3, 2013
Sold by
Mafera Frank J Est
Bought by
Decicco Matthew and Vozzella Jenna
Seller's Agent
Lynette DeLucia
Leading Edge Real Estate
Buyer's Agent
Al Sciola
LAER Realty Partners
List Price
$360,000
Sold Price
$343,000
Premium/Discount to List
-$17,000
-4.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.12%
Original Mortgage
$325,850
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2008
Sold by
Mafera Patricia M and Santoro Patricia M
Bought by
Mafera Frank J and Mafera Patricia M

Range of Values:

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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
Lutkevich Derek -- None Available
Lutkevich Derek $620,000 --
Decicco Matthew $343,000 --
Decicco Matthew $343,000 --
Mafera Frank J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lutkevich Derek $487,500
Closed Lutkevich Derek $487,500
Previous Owner Lutkevich Derek $527,000
Previous Owner Decicco Matthew $420,000
Previous Owner Decicco Matthew $325,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2019 08/23/19 Sold $620,000 -3.1% $288 / Sq Ft
06/24/2019 06/24/19 Pending -- -- --
06/20/2019 06/20/19 Price Changed $640,000 -1.5% $297 / Sq Ft
06/15/2019 06/15/19 For Sale $650,000 +89.5% $301 / Sq Ft
07/03/2013 07/03/13 Sold $343,000 -4.7% $159 / Sq Ft
06/03/2013 06/03/13 Pending -- -- --
05/01/2013 05/01/13 For Sale $360,000 -- $167 / 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 $8,770 $770,000 $428,200 $341,800
2024 $8,871 $756,900 $420,900 $336,000
2023 $8,980 $713,300 $396,600 $316,700
2022 $8,702 $652,800 $362,800 $290,000
2021 $7,754 $561,500 $312,900 $248,600
2020 $7,580 $543,400 $302,800 $240,600
2019 $7,250 $509,500 $283,900 $225,600
2018 $6,728 $485,100 $270,300 $214,800
2017 $6,402 $456,300 $252,300 $204,000
2016 $5,288 $364,700 $207,300 $157,400
2015 $5,421 $368,800 $197,400 $171,400
2014 $5,224 $354,400 $188,000 $166,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Joseph Coluntino

    Joseph A. Coluntino Jr.

    6 Total Sales

    Joseph Coluntino
    Section Image
  • Lynette DeLucia

    Seller's Agent in 2013

    Lynette DeLucia

    Leading Edge Real Estate

    (781) 979-0100

    14 Total Sales

    Lynette DeLucia
    Section Image
  • Al Sciola

    Buyer's Agent in 2013

    Al Sciola

    Laer Realty

    (617) 800-9111

    6 Total Sales

    Al Sciola
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72519520

MLS Property Information Network (MLS PIN)

APN: READ-000016-000000-000370

Massachusetts Middlesex County Reading 01867

16 Arlington St, Reading, MA

Homes for Sale in Reading, MA

This home is located at 16 Arlington St, Reading, MA 01867 since 15 June 2019 and is currently estimated at $872,931, approximately $404 per square foot. This property was built in 1920. 16 Arlington St is a home located in Middlesex County with nearby schools including Alice M. Barrows Elementary School, Walter S. Parker Middle School, and Reading Memorial High School.

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MLS Property Information Network (MLS PIN) 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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