NOT LISTED FOR SALE

277 Summer Ave Reading, MA 01867

Estimated Value: $841,000 - $967,761

4 Beds
2 Baths
2,394 Sq Ft
$388/Sq Ft Est. Value

Last Sold September 15, 2023

Last sale price $800,100 $334 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,663/month

6 Days on Market

Highlights

  • Property is near public transit and schools
  • Wood Flooring
  • Park
  • Joshua Eaton Elementary School Rated A-
  • Porch
  • Shops

About This Home

As of September 2023

Opportunity knocks for the savvy owner occupant or investor looking for a beautiful multi-family with amazing potential!!! Located in the highly sought after Westside of town, this home offers a great location with close proximity to downtown, commuter rail, schools, restaurants and all that Reading has to offer. The first floor unit has its own separate entrance and features high ceilings throughout the 2 Bedroom, 1 bath with a large living room and Eat-In kitchen. The 2nd level unit consists of two floors and has an open layout kitchen, full bath and plenty of room for 2-4 bedrooms. Spacious wrap- around deck and a large backyard make this not your typical two-family. Off street parking for 3 cars. Plenty of room for storage in the lower level. Do not miss the opportunity to make this your own!!!

Last Agent to Sell the Property

Stakem Team

Leading Edge Real Estate Listed on: 08/01/2023

Co-Listed By

Elizabeth Stakem

Leading Edge Real Estate

Last Buyer's Agent

Team Zingales

Team Zingales Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,332

Year Built

  • Built in 1900

Lot Details

  • 0.28

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,394 Sq Ft Home
  • Property has 1 Level
  • Basement Fills Entire Space Under The House
  • Microwave

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Schools

  • Parker Middle School
  • RMHS High School

Utilities

  • No Cooling
  • 2 Heating Zones
  • Heating Available

Additional Features

  • Porch
  • 0.28 Acre Lot
  • Property is near public transit and schools

Listing and Financial Details

  • Assessor Parcel Number 732244

Community Details

Recreation

  • Park

Additional Features

  • 2 Units
  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,332

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Carpet,Hardwood
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Office/Den)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Microwave,Refrigerator,Washer), Unit 2(Range,Refrigerator), Utility Connections for Electric Range, Utility Connections for Electric Oven
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • Living Area: 2394
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN4643
  • MAIN SO: AN7143

Exterior Features

  • Exterior Features: Porch
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven
  • Cooling: Unit 1(None), Unit 2(Window AC)
  • Heating: Unit 1(Forced Air,Oil), Unit 2(Forced Air,Oil)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: MWRA
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Public School, T-Station, Sidewalks
  • Senior Community YN: No

Lot Info

  • Parcel Number: 732244
  • Zoning: Res
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.28
  • Lot Size Sq Ft: 12000
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9332

Multi Family

  • Number Of Units Total: 2
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

MLS Schools

  • High School: Rmhs
  • Middle Or Junior School: Parker Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Sep 14, 2023
Sold by
Butler Catherine M
Bought by
Maltacea Nicole M and Cantalupo Dominic P
Seller's Agent
Stakem Team
Leading Edge Real Estate
Buyer's Agent
Team Zingales
Team Zingales Realty, LLC
List Price
$729,000
Sold Price
$800,100
Premium/Discount to List
$71,100
9.75%
Views
307
Current Estimated Value
$928,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,590
Avg. Annual Appreciation
6.69%
Original Mortgage
$680,085
Outstanding Balance
$664,190
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$264,500
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Maltacea Nicole M $800,100 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maltacea Nicole M $680,085
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2023 09/15/23 Sold $800,100 +9.8% $334 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
08/01/2023 08/01/23 For Sale $729,000 -- $305 / 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 $9,748 $855,800 $489,500 $366,300
2024 $9,634 $822,000 $470,200 $351,800
2023 $9,332 $741,200 $424,000 $317,200
2022 $8,982 $673,800 $385,400 $288,400
2021 $5,053 $653,100 $369,300 $283,800
2020 $4,769 $621,400 $351,400 $270,000
2019 $8,424 $592,000 $334,800 $257,200
2018 $4,729 $558,300 $315,700 $242,600
2017 $7,390 $526,700 $297,800 $228,900
2016 $6,886 $474,900 $310,000 $164,900
2015 $6,561 $446,300 $283,100 $163,200
2014 $6,559 $445,000 $280,300 $164,700
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Stakem Team

    Leading Edge Real Estate

    (781) 944-6060

    55 in this area

    108 Total Sales

    Stakem Team
    Section Image

  • E

    Seller Co-Listing Agent in 2023

    Elizabeth Stakem

    Leading Edge Real Estate

    32 in this area

    37 Total Sales

    Elizabeth Stakem
    Section Image

  • T

    Buyer's Agent in 2023

    Team Zingales

    Team Zingales Realty, LLC

    (888) 832-6910

    1 in this area

    172 Total Sales

    Team Zingales
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73142805

MLS Property Information Network (MLS PIN)

APN: READ-000011-000000-000236

Massachusetts Middlesex County Reading 01867

277 Summer Ave, Reading, MA

Not Listed for Sale

MultiFamily

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.

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.

Nearby Homes