Richard Pignone
Pignone Realty Group LLC
(781) 734-6832
22 Total Sales
1 in Reading
$505,000 Price
48 Village St Reading, MA 01867
Reading Area
9
Beds
4
Baths
3,658
Sq Ft
8,276
Sq Ft Lot
Highlights
- Property is near public transit and schools
- Park
- Level Lot
- J. Warren Killam Elementary School Rated A-
- Shops
About This Home
As of May 2022Outstanding opportunity for those seeking an excellent investment. Not for the faint at heart, this 4 family (buyers are always encouraged to verify zoning) is in need of significant updating, or also offers the possibility of tearing it down, and starting anew. The real value here is in the land and the zoning. In a wonderful location, near downtown, major routes, and shopping, this is an ideal location for renters, or perhaps condo buyers, should this be converted, or if 4 new units are to be built. This area has seen many homes recently improved upon and/or converted to condos, and much new construction that has sold out quickly...identifying a demand here. For those who can take command of such a project, this is an excellent opportunity. Don't miss it!!
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,356
Year Built
- Built in 1890
Lot Details
- 8,276 Sq Ft Lot
- Level Lot
Home Design
- 3,658 Sq Ft Home
- Stone Foundation
- Frame Construction
- Shingle Roof
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Full Bathrooms
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 4 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Location
- Property is near public transit and schools
Utilities
- Gas Water Heater
- Oil Water Heater
Listing and Financial Details
- Total Actual Rent $6,300
Community Details
Overview
- 4 Units
- Property has 1 Level
Recreation
- Park
Additional Features
- Shops
- Net Operating Income $75,600
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
Closed on
May 22, 2025
Sold by
48 Village Street Llc
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$531,250
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 15, 2025
Sold by
48 Village Street Llc
Bought by
Rathore Virendra
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$531,250
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 1, 2025
Sold by
48 Village Street Llc
Bought by
Castle Joel and Castle Naomi V
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$531,250
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Feb 8, 2022
Closed on
May 19, 2022
Sold by
Tawadros John
Bought by
48 Village Street Llc
Seller's Agent
Rick Nazzaro
Colonial Manor Realty
Buyer's Agent
Bobbie Botticelli
Colonial Manor Realty
List Price
$989,900
Sold Price
$1,050,000
Premium/Discount to List
$60,100
6.07%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,184,000
Interest Rate
4.72%
Mortgage Type
Commercial
Purchase Details
Listed on
Apr 9, 2018
Closed on
Jun 5, 2018
Sold by
Ciano John and Ciano Araceli
Bought by
Tawadros John
Seller's Agent
Lauretta Raffi
Boardwalk Real Estate
Buyer's Agent
Lauretta Raffi
Boardwalk Real Estate
List Price
$719,900
Sold Price
$750,000
Premium/Discount to List
$30,100
4.18%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.87%
Original Mortgage
$535,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Reading, MA
-
Richard Pignone
-
Nicholas Newhall
Nicholas Newhall
Real Estate by Hughes & Assoc. Inc.
(781) 537-0925
30 Total Sales
1 in Reading
$340,000 Price
-
Donald Cranley
Donald Cranley
Leading Edge Real Estate
(781) 782-2865
40 Total Sales
1 in Reading
$675,000 Price
-
Danielle Ventre
Danielle Ventre
Lyv Realty
(978) 625-9788
31 Total Sales
2 in Reading
$875K - $1.3M Price Range
-
Michael Ford
Michael Ford
Coldwell Banker Realty - Framingham
(508) 978-5409
21 Total Sales
1 in Reading
$851,200 Price
-
Brody Murphy Novak Group
Brody Murphy Novak Group
Douglas Elliman Real Estate - Park Plaza
(781) 661-6002
45 Total Sales
5 in Reading
$560K - $1.1M 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 |
|---|---|---|---|
| $775,000 | None Available | ||
| Rathore Virendra | $760,000 | None Available | |
| Castle Joel | $711,000 | None Available | |
| 48 Village Street Llc | $1,050,000 | None Available | |
| Tawadros John | $750,000 | -- |
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 | $560,000 | ||
| Closed | Castle Joel | $567,000 | |
| Closed | Patel Tejash V | $531,250 | |
| Closed | Rathore Virendra S | $646,000 | |
| Closed | Castle Joel | $568,800 | |
| Previous Owner | 48 Village Street Llc | $500,000 | |
| Previous Owner | -- | $2,184,000 | |
| Closed | -- | $535,000 | |
| Previous Owner | Ciano John P | $453,750 | |
| Closed | Ciano John P | $453,750 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 05/19/2022 05/19/22 | Sold | $1,050,000 | +6.1% | $287 / Sq Ft | |
| 02/09/2022 02/09/22 | Pending | -- | -- | -- | |
| 02/08/2022 02/08/22 | For Sale | $989,900 | +32.0% | $271 / Sq Ft | |
| 06/05/2018 06/05/18 | Sold | $750,000 | +4.2% | $205 / Sq Ft | View Prior Sale |
| 04/15/2018 04/15/18 | Pending | -- | -- | -- | |
| 04/09/2018 04/09/18 | For Sale | $719,900 | -- | $197 / 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 | $6,555 | $575,500 | $410,800 | $164,700 |
| 2024 | $6,342 | $541,100 | $386,300 | $154,800 |
| 2023 | $12,132 | $963,600 | $352,600 | $611,000 |
| 2022 | $10,288 | $771,800 | $306,600 | $465,200 |
| 2021 | $10,356 | $749,900 | $280,900 | $469,000 |
| 2020 | $9,955 | $713,600 | $267,300 | $446,300 |
| 2019 | $9,682 | $680,400 | $254,900 | $425,500 |
| 2018 | $8,095 | $583,600 | $238,100 | $345,500 |
| 2017 | $7,789 | $555,200 | $226,500 | $328,700 |
| 2016 | $7,911 | $545,600 | $259,500 | $286,100 |
| 2015 | $7,412 | $504,200 | $239,800 | $264,400 |
| 2014 | $7,180 | $487,100 | $231,700 | $255,400 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Nazzaro
Seller's Agent in 2022
Rick Nazzaro
Colonial Manor Realty
(781) 290-7425
182 Total Sales
-
Bobbie Botticelli
Buyer's Agent in 2022
Bobbie Botticelli
Colonial Manor Realty
(781) 844-9371
70 Total Sales
-
Lauretta Raffi
LR
Seller's Agent in 2018
Lauretta Raffi
Boardwalk Real Estate
2 Total Sales
-
James Joly
Seller's Agent in 2014
James Joly
Boardwalk Real Estate
(781) 771-3781
50 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72940687
APN: READ M:017.0-0000-0192.0
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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