Jennifer Schneider
Century 21 Elite Realty
(781) 549-9402
105 Total Sales
4 in Reading
$557K - $1.4M Price Range
40 Estate Ln Reading, MA 01867
Reading AreaEstimated Value: $1,585,783
5
Beds
4
Baths
3,215
Sq Ft
$493/Sq Ft
Est. Value
Highlights
- Medical Services
- 1.16 Acre Lot
- Colonial Architecture
- Birch Meadow Elementary School Rated A-
- Open Floorplan
- Deck
About This Home
As of February 2025Rare opportunity located steps from Birch Meadow Elementary, the Burbank YMCA, and top Reading schools. This impressive 5BR/4BA Colonial is nestled at the end of a cul-de-sac in a sought-after neighborhood. The first floor boasts a spacious foyer, a bright living room with gleaming hardwood floors and fireplace, an eat-in kitchen, formal dining room, family room with cathedral ceilings and fireplace, mudroom with countertop and sink, and a generously sized 2-car garage. Upstairs, find 4 bedrooms, a full bath plus a primary suite with cathedral ceilings, an en suite bath and walk-in closet. The updated lower level features a family room with built-ins and a stone fireplace, a guest suite with a glass shower, kitchenette, and a large bedroom. Laundry, and storage are also on this level. Pride in ownership and lovingly maintained for 25 years. 1st showing at 1st Open House on Saturday, 1/25, at 11:00 AM to 12:30 PM - No Exceptions. Your next chapter starts here!
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Home Details
Home Type
- Single Family
Est. Annual Taxes
- $15,390
Year Built
- Built in 1993 | Remodeled
Lot Details
- 1.16 Acre Lot
- Cul-De-Sac
- Street terminates at a dead end
- Wooded Lot
Parking
- 2 Car Attached Garage
- Parking Storage or Cabinetry
- Workshop in Garage
- Side Facing Garage
- Garage Door Opener
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Colonial Architecture
- Frame Construction
- Blown Fiberglass Insulation
- Blown-In Insulation
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,215 Sq Ft Home
- Open Floorplan
- Central Vacuum
- Chair Railings
- Crown Molding
- Wainscoting
- Cathedral Ceiling
- Ceiling Fan
- Recessed Lighting
- Decorative Lighting
- Light Fixtures
- Insulated Windows
- Picture Window
- French Doors
- Sliding Doors
- Insulated Doors
- Mud Room
- Entrance Foyer
- Family Room with Fireplace
- 3 Fireplaces
- Living Room with Fireplace
- Dining Area
- Bonus Room
Kitchen
- Range
- Plumbed For Ice Maker
- Second Dishwasher
- Solid Surface Countertops
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary bedroom located on second floor
- Dual Closets
- Walk-In Closet
- 4 Full Bathrooms
- Bathtub with Shower
- Separate Shower
Laundry
- Dryer
- Washer
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Outdoor Features
- Balcony
- Deck
- Outdoor Storage
- Rain Gutters
Schools
- Birch Meadow Elementary School
- Coolidge Middle School
- Reading High School
Utilities
- Ductless Heating Or Cooling System
- Central Air
- 2 Cooling Zones
- 4 Heating Zones
- Heating System Uses Oil
- Baseboard Heating
- 200+ Amp Service
- Water Heater
- Cable TV Available
Additional Features
- Energy-Efficient Thermostat
- Property is near golf course, public transit, and schools
Listing and Financial Details
- Assessor Parcel Number 736295
Community Details
Overview
- No Home Owners Association
- Near Conservation Area
Amenities
- Medical Services
- Shops
Recreation
- Tennis Courts
- Park
- Jogging Path
- Bike Trail
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 20, 2025
Closed on
Feb 28, 2025
Sold by
Knap Anna K and Frechette Roger F
Bought by
Seller's Agent
David Ladner
RE/MAX Harmony
Buyer's Agent
David Ladner
RE/MAX Harmony
List Price
$1,349,900
Sold Price
$1,500,000
Premium/Discount to List
$150,100
11.12%
Views
133
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
$85,783
Avg. Annual Appreciation
3.61%
Original Mortgage
$750,000
Outstanding Balance
$739,130
Interest Rate
7.04%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$846,653
Purchase Details
Closed on
Mar 15, 2000
Sold by
Thompson James W and Thompson Bridget A
Bought by
Frechette Robert F and Knap Anna K
Purchase Details
Closed on
Oct 16, 1996
Sold by
Tarrh John M and Tarrh Barbara A
Bought by
Thompson James W and Travers Bridget A
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Reading, MA
-
Jennifer Schneider
-
Assunta Palomba
Assunta Palomba
Mango Realty, Inc.
(857) 305-4635
57 Total Sales
1 in Reading
$570,000 Price
-
The Baker Team .
The Baker Team .
Keller Williams Realty
(781) 661-5797
94 Total Sales
1 in Reading
$696,000 Price
-
Kathy Devine
Kathy Devine
Dvine1 Real Estate
(781) 517-9608
29 Total Sales
18 in Reading
$269K - $770K Price Range
-
Georgia Balafas
Georgia Balafas
Corcoran Property Advisors
(781) 645-4693
55 Total Sales
1 in Reading
$900,000 Price
-
Wei Wang
Wei Wang
WW Real Estate LLC
(351) 666-8861
76 Total Sales
5 in Reading
$465K - $1.3M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,500,000 | None Available | ||
| Frechette Robert F | $462,500 | -- | |
| Thompson James W | $357,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $750,000 | ||
| Previous Owner | Frechette Roger F | $900,000 | |
| Previous Owner | Frechette Roger F | $240,000 | |
| Previous Owner | Frechette Roger F | $242,500 | |
| Previous Owner | Frechette Roger F | $228,000 | |
| Previous Owner | Frechette Roger E | $298,000 | |
| Previous Owner | Frechette Roger F | $300,700 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/28/2025 02/28/25 | Sold | $1,500,000 | +11.1% | $467 / Sq Ft |
| 01/30/2025 01/30/25 | Pending | -- | -- | -- |
| 01/20/2025 01/20/25 | For Sale | $1,349,900 | -- | $420 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $15,323 | $1,345,300 | $622,700 | $722,600 |
| 2024 | $15,390 | $1,313,100 | $607,800 | $705,300 |
| 2023 | $14,364 | $1,140,900 | $528,100 | $612,800 |
| 2022 | $14,347 | $1,076,300 | $498,200 | $578,100 |
| 2021 | $12,969 | $939,100 | $484,100 | $455,000 |
| 2020 | $12,746 | $913,700 | $471,000 | $442,700 |
| 2019 | $12,521 | $879,900 | $453,600 | $426,300 |
| 2018 | $12,085 | $871,300 | $449,100 | $422,200 |
| 2017 | $11,869 | $846,000 | $436,100 | $409,900 |
| 2016 | $12,319 | $849,600 | $400,100 | $449,500 |
| 2015 | $11,353 | $772,300 | $363,700 | $408,600 |
| 2014 | $11,223 | $761,400 | $363,700 | $397,700 |
Source: Public Records
Agents Affiliated with this Home
-
David Ladner
Seller's Agent in 2025
David Ladner
RE/MAX
366 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73327526
APN: READ-000032-000000-000241
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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