NOT LISTED FOR SALE

38 Main St Unit 5 North Reading, MA 01864

Estimated Value: $357,000 - $387,000

2 Beds
1 Bath
911 Sq Ft
1974 Built

Last Sold July 13, 2022

Last sale price $300,000 $329 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,925/month

24 Days on Market

Highlights

  • Golf Course Community
  • In Ground Pool
  • Intercom
  • E Ethel Little School Rated A
  • Property is near public transit
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of July 2022

Spacious unit with lots of Natural Light on the 1st floor Newly renovated 2 Bedroom condo at Park Colony Complex in desirable North Reading location. Kitchen offers New Appliances and New tile Flooring. New Carpet in Living Room and Bedrooms, Updated Bathroom features New Toilet, New Cabinet/Sink and New Tub. Condo fee includes Heat, Hot Water, Gas, Water and Sewer. Park Colony is professionally landscaped, has an in-ground pool, very nice picnic and play area, pet friendly. Extra secure storage onsite. Laundry located in building for your convenience. 2 Parking Spaces and plenty more for guests. BUYERS - Don't miss this affordable, move in ready opportunity to live in North Reading.

Last Agent to Sell the Property

Steven MacDonald

Coldwell Banker Realty - Lynnfield Listed on: 05/25/2022

Coldwell Banker Realty - Lynnfield

Co-Listed By

Kathleen DiMauro

Coldwell Banker Realty - Lynnfield

Last Buyer's Agent

Michelle Doherty

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,477

Year Built

  • Built in 1974

Home Design

  • Garden Home
  • Entry on the 1st floor
  • Frame Construction

Interior Spaces

  • 911 Sq Ft Home
  • 1-Story Property
  • Intercom

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Car Parking Spaces
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Natural Gas Connected
  • Gas Water Heater
  • Private Sewer

Additional Features

  • In Ground Pool
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 717809

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include heat, gas, water, sewer, insurance, maintenance structure, ground maintenance, snow removal
  • 150 Units
  • Park Colony Community

Amenities

  • Common Area
  • Shops
  • Laundry Facilities

Recreation

  • Golf Course Community
  • Community Pool
  • Park

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,477

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden
  • Year Built: 1974
  • Buyer Agency Type: %
  • Entry Level: 1
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Carpet, Wood Laminate
  • Entry Location: Unit Placement(Street)
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator, Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Laundry Features: In Building
  • Living Area: 911
  • Other Equipment: Intercom
  • Stories Total: 1
  • MAIN LO: AN6181
  • MAIN SO: M59500

Exterior Features

  • Construction Materials: Frame
  • Pool Features: Association, In Ground
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer, Private Sewer
  • Utilities: for Gas Range
  • Cooling: Wall Unit(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Hot Water, Pool, Laundry
  • Association Fee: 423
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Golf, Highway Access
  • MANAGEMENT: Professional - On Site

Fee Information

  • Association Fee Includes: Heat, Gas, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal

Lot Info

  • Parcel Number: 717809
  • Zoning: RA
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Common

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3477

Multi Family

  • Number Of Units Total: 150
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2022
Closed on
Jul 14, 2022
Sold by
Cronin Gillian Est
Bought by
Muddasir Muhammad and Haseeb Maria
Seller's Agent
Steven MacDonald
Coldwell Banker Realty - Lynnfield
Buyer's Agent
Michelle Doherty
William Raveis R.E. & Home Services
List Price
$284,900
Sold Price
$300,000
Premium/Discount to List
$15,100
5.3%
Current Estimated Value
$365,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,014
Avg. Annual Appreciation
5.94%
Original Mortgage
$273,000
Outstanding Balance
$259,728
Interest Rate
5.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$105,286

Purchase Details

Closed on
Sep 19, 1997
Sold by
Lenox Robert S and Lenox Karen L
Bought by
Cronin Gillian M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.38%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Muddasir Muhammad $300,000 None Available
Cronin Gillian M $71,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Muddasir Muhammad $273,000
Previous Owner Cronin Gillian M $72,000
Previous Owner Cronin Gillian M $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2022 07/13/22 Sold $300,000 +5.3% $329 / Sq Ft
06/21/2022 06/21/22 For Sale $284,900 0.0% $313 / Sq Ft
06/19/2022 06/19/22 Pending -- -- --
06/17/2022 06/17/22 Off Market $284,900 -- --
05/25/2022 05/25/22 For Sale $284,900 -- $313 / 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 $38 $291,200 $0 $291,200
2024 $3,925 $297,100 $0 $297,100
2023 $3,325 $237,700 $0 $237,700
2022 $3,477 $231,800 $0 $231,800
2021 $3,448 $220,600 $0 $220,600
Source: Public Records

Agents Affiliated with this Home

  • Steven MacDonald

    Seller's Agent in 2022

    Steven MacDonald

    Coldwell Banker Realty - Lynnfield

    (508) 982-5005

    14 in this area

    35 Total Sales

    Steven MacDonald
    Section Image

  • K

    Seller Co-Listing Agent in 2022

    Kathleen DiMauro

    Coldwell Banker Realty - Lynnfield

    3 in this area

    13 Total Sales

    Kathleen DiMauro
    Section Image

  • M

    Buyer's Agent in 2022

    Michelle Doherty

    William Raveis R.E. & Home Services

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72987120

MLS Property Information Network (MLS PIN)

APN: NREA-000023-000000-000026-003805

Massachusetts Middlesex County North Reading 01864

38 Main St Unit 5, North Reading, MA

Not Listed for Sale

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