NOT LISTED FOR SALE

38 Pleasant St Reading, MA 01867

6 Beds
4 Baths
4,000 Sq Ft
3,049 Sq Ft Lot

Last Sold April 15, 2022

Last sale price $1,090,000 $272 Per Sq Ft

Highlights

  • Golf Course Community
  • Medical Services
  • Porch
  • J. Warren Killam Elementary School Rated A-
  • Property is near public transit and schools
  • Park

About This Home

As of April 2022

INVESTORS! RARE OPPORTUNITY! OWNER OCCUPANTS: FULLY RENTED~4 UNIT, MULTI-FAMILY! PRIME LOCATION by VIBRANT DOWNTOWN READING w SHOPS, RESTAURANTS, "MBTA" COMMUTER RAIL STATION! UNIT 38-1: (RENOS 2018) 1 BEDRM, LV RM, LG EAT-IN KIT, LGE W/I CLOSET, FULL BATH. UNIT 38-2: (RENO 2021)TOWNHOUSE STYLE~LV RM, EAT-IN KIT, OFFICE, 2 BEDRMS, BONUS RM, BATH & LGE W/I CLOSET. UNIT 40-1 (RENOS 2018) & UNIT 40-2 (RENOS 2019)" are ALMOST IDENTICAL as UNITS on 38 SIDE. W/D Hook-Ups. GAS HEAT! ENG WD FLOOR & TILE! BASEMENT STORAGE! 2 Park Spaces, Windows 2015~Roof 2014~GAS Furn 10 Yrs~ SEPARATE UTILITIES ***UNITS: 38/1 TAW $1000(for 5 YRS)**40/1 $1400 (3YRS)**38/2 LEASED THRU 4/14/22 $2100**40/2 LEASED THRU 5/14/22 $2100. MAINTAIN COVID GUIDELINES ~ MASKS /BOOTIES REQ "4 SEPARATE SHOWING TIMES": SAT 2/12 (11:30-1)SUN 2/13(12-1:30)SAT 2/19(11:30-1) SUN 2/20(12-1:30) OFFERS DUE 2/21/22- OFFERS GOOD THRU 2/23~ Sellers reserve the right to accept an offer prior to 2/23. (48hr Notice 2nd Showing)

Last Agent to Sell the Property

Linda Foye

Coldwell Banker Realty - Andovers/Readings Regional Listed on: 02/09/2022

Coldwell Banker Realty - Andovers/Readings Regional

Last Buyer's Agent

Jennifer Hardin

True North Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,193

Year Built

  • Built in 1900

Lot Details

  • 3,049 Sq Ft Lot
  • Fenced
  • Level Lot

Home Design

  • Quadruplex
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 4,000 Sq Ft Home
  • Insulated Windows
  • Washer and Dryer Hookup

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Parking

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

Outdoor Features

  • Rain Gutters
  • Porch

Location

  • Property is near public transit and schools

Utilities

  • No Cooling
  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $6,600
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Park

Building Details

  • Net Operating Income $79,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,193

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family - 4 Units Up/Down
  • Year Built: 1900
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 6

Interior Features

  • Flooring: Tile,Laminate, Unit 1(undefined), Unit 2(Wood Flooring,Stone/Ceramic Tile Floor), Unit 3(Wall to Wall Carpet,Stone/Ceramic Tile Floor), Unit 4(Wood Flooring,Stone/Ceramic Tile Floor)
  • Interior Amenities: Unit 1(Walk-In Closet,Bathroom With Tub & Shower,Internet Available - Unknown), Unit 2(Bathroom With Tub & Shower,Internet Available - Unknown), Unit 3(Walk-In Closet,Bathroom With Tub & Shower,Internet Available - Unknown), Unit 4(Bathroom With Tub & Shower,Internet Available - Unknown), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen,Office/Den,Other (See Remarks)), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen,Office/Den,Other (See Remarks))
  • Fireplace YN: No
  • Appliances: Gas Water Heater,Electric Water Heater, Utility Connections for Electric Dryer
  • Total Bedrooms: 6
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Laundry Features: Washer Hookup, Unit 1(Washer & Dryer Hookup)
  • Basement: Full, Interior Entry, Concrete
  • Living Area: 4000
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: AN6181
  • MAIN SO: AN2670

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed
  • Foundation Details: Stone
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Dryer, Washer Hookup
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Heating: Unit 1(Central Heat,Hot Water Baseboard,Gas,Unit Control), Unit 2(Central Heat,Hot Water Baseboard,Gas,Unit Control), Unit 3(Central Heat,Hot Water Baseboard,Gas,Unit Control), Unit 4(Central Heat,Hot Water Baseboard,Gas,Unit Control)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 4

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)

Lot Info

  • Zoning: BUSB
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 3049.2
  • Lot Size Units: Acres
  • LOT SIZE: 3244

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 9193.32

Multi Family

  • Net Operating Income: 79200
  • Number Of Units Total: 4
  • Total Actual Rent: 6600
  • LEVELS 1: 1
  • LEVELS 4: 2
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2022 04/15/22 Sold $1,090,000 +11.3% $273 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
02/09/2022 02/09/22 For Sale $979,000 -- $245 / 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 $13,927 $1,222,700 $394,100 $828,600
2024 $11,994 $1,023,400 $370,500 $652,900
2023 $12,396 $984,600 $338,200 $646,400
2022 $9,668 $725,300 $294,100 $431,200
2021 $9,193 $665,700 $269,400 $396,300
2020 $8,837 $633,500 $256,400 $377,100
2019 $8,593 $603,900 $244,400 $359,500
2018 $7,827 $564,300 $228,400 $335,900
2017 $7,533 $536,900 $217,300 $319,600
2016 $7,253 $500,200 $205,300 $294,900
2015 $7,005 $476,500 $195,600 $280,900
2014 $6,688 $453,700 $186,200 $267,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72941217

MLS Property Information Network (MLS PIN)