Seller's Agent in 2023
Louise Touchette
Coldwell Banker Realty - Lynnfield
(617) 605-0555
13 in this area
230 Total Sales
40 Bancroft Ave Reading, MA 01867
Estimated Value: $997,000 - $1,112,000
6
Beds
2
Baths
2,800
Sq Ft
$377/Sq Ft
Est. Value
Highlights
- Medical Services
- Solar Power System
- Wood Flooring
- Birch Meadow Elementary School Rated A-
- Property is near public transit
- Enclosed Patio or Porch
About This Home
As of September 2023LOCATION,LOCATION. Rare 2 family in the heart of downtown Reading! Versatile floor plan can be more bedrooms in Unit 1 - CURB APPEAL ABOUNDS and situated on a beautiful tree lined street within walking distance to Library, restaurants and train stop. This charming home is the perfect setup for the EXTENDED family or help you pay the mortgage by renting the other unit. All rooms are spacious and the ceilings are high! The first floor consists of an eat in kitchen, sun filled living room, two bedrooms, a full bath and a 3 season porch. The second floor level consists of an oversized kitchen w dining area, large living room, 4 bedrooms and an office. Tons of attic storage including a cedar closet. The outside boasts a beautiful front porch, large fenced in backyard and plenty of parking. Easy care vinyl siding, solar panels owned by the seller making your utilities cost almost little to nothing. Currently being occupied as a single family. Utilities and heat for separate units.
Last Agent to Sell the Property
Coldwell Banker Realty - Lynnfield Listed on: 07/13/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,630
Year Built
- Built in 1920
Lot Details
- 9,100 Sq Ft Lot
- Fenced
- Level Lot
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,800 Sq Ft Home
- Property has 1 Level
- Insulated Windows
Kitchen
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Stone
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Gas Dryer Hookup
Unfinished Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- 6 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Eco-Friendly Details
- Solar Power System
Outdoor Features
- Bulkhead
- Enclosed Patio or Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Cooling Available
- 2 Heating Zones
- Heating Available
- Separate Meters
Listing and Financial Details
- Assessor Parcel Number M:021.000000170.0
Community Details
Overview
- 2 Units
Amenities
- Medical Services
- Shops
Recreation
- Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 13, 2023
Closed on
Sep 20, 2023
Sold by
Nguyen Anh and Le Brian N
Bought by
Nguyen Anh
Seller's Agent
Louise Touchette
Coldwell Banker Realty - Lynnfield
Buyer's Agent
Mary Ann Quinn
Wilson Wolfe Real Estate
List Price
$999,900
Sold Price
$965,000
Premium/Discount to List
-$34,900
-3.49%
Views
28
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,434
Avg. Annual Appreciation
2.93%
Original Mortgage
$579,000
Outstanding Balance
$567,810
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$452,713
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nguyen Anh | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nguyen Anh | $579,000 | |
| Previous Owner | Mcfarlane Daniel C | $458,400 | |
| Previous Owner | Zwicker Marianne T | $73,000 | |
| Previous Owner | Zwicker Marianne T | $60,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/21/2023 09/21/23 | Sold | $965,000 | -3.5% | $345 / Sq Ft |
| 07/21/2023 07/21/23 | Pending | -- | -- | -- |
| 07/13/2023 07/13/23 | For Sale | $999,900 | +74.5% | $357 / Sq Ft |
| 06/20/2014 06/20/14 | Sold | $573,000 | +0.5% | $214 / Sq Ft |
| 05/29/2014 05/29/14 | For Sale | $569,900 | -- | $213 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $10,059 | $883,100 | $478,600 | $404,500 |
| 2024 | $9,942 | $848,300 | $459,700 | $388,600 |
| 2023 | $9,630 | $764,900 | $414,500 | $350,400 |
| 2022 | $9,268 | $695,300 | $376,800 | $318,500 |
| 2021 | $9,177 | $664,500 | $361,100 | $303,400 |
| 2020 | $5,606 | $632,300 | $343,600 | $288,700 |
| 2019 | $8,571 | $602,300 | $327,300 | $275,000 |
| 2018 | $6,836 | $567,900 | $308,600 | $259,300 |
| 2017 | $5,300 | $540,000 | $291,200 | $248,800 |
| 2016 | $6,959 | $479,900 | $291,600 | $188,300 |
| 2015 | $6,740 | $458,500 | $269,500 | $189,000 |
| 2014 | $6,581 | $446,500 | $260,300 | $186,200 |
Source: Public Records
Agents Affiliated with this Home
-
Louise Touchette
-
Penny McKenzie
P
Seller Co-Listing Agent in 2023
Penny McKenzie
Coldwell Banker Realty - Lynnfield
(781) 929-7237
3 in this area
26 Total Sales
-
Mary Ann Quinn
Buyer's Agent in 2023
Mary Ann Quinn
Wilson Wolfe Real Estate
(617) 710-6852
74 in this area
116 Total Sales
-
P
Seller's Agent in 2014
Patricia Black
Premier Realty Group, Inc.
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73135878
APN: READ-000021-000000-000170
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.
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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