NOT LISTED FOR SALE

248 Elm St North Reading, MA 01864

Estimated Value: $750,000 - $825,000

4 Beds
2 Baths
1,990 Sq Ft
$392/Sq Ft Est. Value

Last Sold April 12, 2018

Last sale price $295,000 $148 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $4,995/month

12 Days on Market

Highlights

  • Wood Flooring
  • Batchelder School Rated A
  • Forced Air Heating System

About This Home

As of April 2018

INVESTOR & CONTRACTORS welcome to your next project. Home features 4 bedrooms and 2 fulls baths with wide board pine floors and is awaiting your restoration. This historic home is also known as the Thomas Carter House, circa 1793. Located on 1.1 acres and abuts the Ipswich River, includes 3 bay barn/garage. Property will not qualify for conventional financing. Home will require extensive rehab. See Firm Remarks for offer submission instructions.

Last Agent to Sell the Property

Adeline Matton

Aluxety Listed on: 03/07/2018

Aluxety

Co-Listed By

Rebecca English

Accurety, LLC License #454007829

Last Buyer's Agent

Sarah McCoy

LAER Realty Partners

LAER Realty Partners

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,853

Year Built

  • Built in 1793

Lot Details

  • 1.1

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Private Sewer

Additional Features

  • Wood Flooring
  • Property is zoned RB
  • Basement

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,853

Year Built

Built in 1793

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Single Family Type: Detached
  • Style: Colonial
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 145.68
  • Comp Based On: Net Sale Price
  • Year Built: 1793
  • Lead Paint: Unknown
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1793

Interior Features

  • Fireplaces: 1
  • Flooring: Wood
  • No Bedrooms: 4
  • Master Bedroom: On Level: Second Floor
  • Bedroom 2: On Level: Second Floor
  • Bedroom 3: On Level: Second Floor
  • Bedroom 4: On Level: Second Floor
  • Full Bathrooms: 2
  • Bathroom 1: On Level: First Floor
  • Bathroom 2: On Level: Second Floor
  • No Rooms: 8
  • Dining Room: On Level: First Floor
  • Kitchen: On Level: First Floor
  • Laundry: On Level: First Floor
  • Living Room: On Level: First Floor
  • Basement: Y
  • Other Room 1: Name: Other, On Level: First Floor
  • Main Lo: AC2344
  • Main So: AN1199
  • Estimated Sq Ft: 1990.00

Exterior Features

  • Waterfront: River
  • Waterfront Flag: Yes
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Shingles
  • Foundation: Fieldstone
  • Foundation Size: 39X29

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 4
  • Garage Parking: Detached, Barn

Utilities

  • Sewer: Private Sewerage
  • Water: City/Town Water
  • Heating: Forced Air, Gas

Condo/Co-op/Association

  • Amenities: Shopping, Conservation Area, Highway Access, House of Worship, Public School

Lot Info

  • Assessments: 368500.00
  • Acre: 1.10
  • Lot Size: 47916.00
  • Page: 348
  • Zoning: RB

Tax Info

  • Taxes: 6021.00
  • Assessor Parcel Number: 720921

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2019
Sold by
Maloney James
Bought by
Maloney James J
Current Estimated Value
$779,249

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$347,000
Outstanding Balance
$307,498
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$460,062

Purchase Details

Closed on
Jan 3, 2019
Sold by
Maloney James J
Bought by
Maloney James J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$347,000
Outstanding Balance
$307,498
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$460,062

Purchase Details

Listed on
Mar 7, 2018
Closed on
Apr 12, 2018
Sold by
Trifera Llc
Bought by
Atlantica Llc
Seller's Agent
Adeline Matton
Aluxety
Buyer's Agent
Sarah McCoy
LAER Realty Partners
List Price
$289,900
Sold Price
$295,000
Premium/Discount to List
$5,100
1.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.22%

Purchase Details

Closed on
Sep 21, 2017
Sold by
Preston Ridge Ptnrs In
Bought by
Trifera Llc

Purchase Details

Closed on
Feb 11, 2016
Sold by
Russell Bruce
Bought by
Preston Ridge Partners

Purchase Details

Closed on
Aug 2, 2005
Sold by
Cobery Colleen M and Cobery Marc
Bought by
Russell Bruce and Russell Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2002
Sold by
Peckham Matthew A and Pignetti Lisa A
Bought by
Cobery Marc and Cobery Colleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,600
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2000
Sold by
Doyle James S and Doyle Margaret L
Bought by
Peckham Matthew A and Pignetti Lisa S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,750
Interest Rate
8.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 17, 1990
Sold by
Newcomer Eric A
Bought by
Downes Margaret L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
9.76%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Maloney James J $500,000 --
Maloney James J -- --
Atlantica Llc -- --
Trifera Llc -- --
Preston Ridge Partners $254,900 --
Russell Bruce $375,000 --
Cobery Marc $344,900 --
Peckham Matthew A $247,500 --
Downes Margaret L $186,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maloney James J $347,000
Previous Owner Russell Bruce $278,000
Previous Owner Russell Bruce $230,000
Previous Owner Cobery Colleen M $40,300
Previous Owner Cobery Marc $267,920
Previous Owner Cobery Marc $300,600
Previous Owner Downes Margaret L $25,000
Previous Owner Downes Margaret L $222,750
Previous Owner Downes Margaret L $167,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2018 04/12/18 Sold $295,000 +1.8% $148 / Sq Ft
03/19/2018 03/19/18 Pending -- -- --
03/07/2018 03/07/18 For Sale $289,900 -- $146 / 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 $7,853 $601,300 $407,800 $193,500
2024 $7,531 $570,100 $384,500 $185,600
2023 $7,318 $523,100 $353,200 $169,900
2022 $7,133 $475,500 $321,400 $154,100
2021 $6,929 $443,300 $295,500 $147,800
Source: Public Records

Agents Affiliated with this Home

  • Adeline Matton

    Seller's Agent in 2018

    Adeline Matton

    Aluxety

    (978) 884-5609

    109 Total Sales

    Adeline Matton
    Section Image

  • R

    Seller Co-Listing Agent in 2018

    Rebecca English

    Accurety, LLC

    Section Image
  • Sarah McCoy

    Buyer's Agent in 2018

    Sarah McCoy

    Laer Realty

    (781) 241-3781

    75 Total Sales

    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72290297

MLS Property Information Network (MLS PIN)

APN: NREA-000062-000000-000047

Massachusetts Middlesex County North Reading 01864

248 Elm St, North Reading, MA

This home is located at 248 Elm St, North Reading, MA 01864 since 07 March 2018 and is currently estimated at $779,249, approximately $391 per square foot. This property was built in 1793. 248 Elm St is a home located in Middlesex County with nearby schools including Batchelder School, North Reading Middle School, and North Reading High School.

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