NOT LISTED FOR SALE

489 Summer Ave Reading, MA 01867

Estimated Value: $964,000 - $1,147,000

4 Beds
3 Baths
3,302 Sq Ft
$322/Sq Ft Est. Value

Last Sold December 13, 2023

Last sale price $825,000 $250 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $6,301/month

60 Days on Market

Highlights

  • Medical Services
  • Spa
  • Fireplace in Kitchen
  • Joshua Eaton Elementary School Rated A-
  • Cape Cod Architecture
  • Deck

About This Home

As of December 2023

Great Opportunity to own this breathtaking, immaculate oversized cape zoned for commercial business or bringing your extended family, with its own separate entrance. HOME BUSINESS OR AS AIRBNB .Walk in to an open concept, hardwood flooring thruout livrm, dinrm, beautiful kitchen w/ S/S appl, granite counters, spacious cabintry, dining area, and gas fireplace.Sliders leading out to private back yard. 2 beds on 1st level with hardwood flooring and 3/4 tiled bath. 2nd floor offers 2 large bedrooms with carpeting, plenty of closet space and skylights, Full tile bath. Finished bsmnt has a large living room, kitchen area, workshop, 3/4 bath, 2 additional rooms with private entrance that was used for a business and airbnb. Serene private backyard with hot tub and large wrap around deck. Other features are central air/heat, mini splits on 2nd floor, PRIVATE WATER WELL for outdoor water, irrigation system. Roof and heating systems 2 years old.

Last Agent to Sell the Property

Teresa Troisi

Core Real Estate Listed on: 09/21/2023

Last Buyer's Agent

Kianie Stewart

Compass

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,550

Year Built

  • Built in 1946

Lot Details

  • 8,795 Sq Ft Lot
  • Fenced Yard
  • Corner Lot
  • Sprinkler System
  • Garden
  • Property is zoned Res/Comm

Home Design

  • Cape Cod Architecture
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,302 Sq Ft Home
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • French Doors
  • Great Room
  • Dining Area
  • Den
  • Bonus Room

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Linen Closet
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Laundry in Basement

Parking

  • 5 Car Parking Spaces
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Spa
  • Bulkhead
  • Deck
  • Patio
  • Separate Outdoor Workshop
  • Outdoor Storage
  • Rain Gutters

Location

  • Property is near public transit and schools

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Private Water Source

Listing and Financial Details

  • Assessor Parcel Number 730553

Community Details

Overview

  • No Home Owners Association

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,550

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cape
  • Year Built: 1946
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: Yes
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Wood, Tile, Flooring - Wood, Flooring - Stone/Ceramic Tile, Flooring - Hardwood
  • Interior Amenities: Closet, Closet - Linen, Kitchen, Great Room, 3/4 Bath, Bonus Room, Den
  • Door Features: French Doors
  • Fireplace Features: Kitchen
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer, Utility Connections for Gas Range
  • Total Bedrooms: 4
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Closet, Flooring - Hardwood
  • Room Bedroom3 Features: Skylight, Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet
  • Room Bedroom3 Level: Second
  • Room Bedroom4 Level: Second
  • Room Bedroom4 Features: Skylight, Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet
  • Full Bathrooms: 1
  • Half Bathrooms: 2
  • Total Bathrooms: 3
  • Room Master Bedroom Features: Closet, Flooring - Hardwood
  • Room Master Bedroom Level: First
  • Bathroom 1 Features: Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
  • Bathroom 1 Level: First
  • Bathroom 2 Level: Second
  • Bathroom 2 Features: Bathroom - Full, Bathroom - With Tub & Shower, Skylight, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
  • Bathroom 3 Features: Bathroom - 3/4, Flooring - Stone/Ceramic Tile
  • Bathroom 3 Level: Basement
  • Room Dining Room Features: Flooring - Hardwood
  • Room Dining Room Level: First
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, French Doors, Kitchen Island, Breakfast Bar / Nook, Cabinets - Upgraded, Deck - Exterior, Exterior Access, Recessed Lighting, Stainless Steel Appliances
  • Laundry Features: In Basement
  • Room Living Room Level: First
  • Room Living Room Features: Flooring - Hardwood
  • Basement: Full, Finished, Walk-Out Access, Interior Entry, Bulkhead
  • Living Area: 3302
  • Spa Features: Private
  • Spa YN: Yes
  • MAIN LO: AN0388
  • MAIN SO: NB3534
  • Insulation: Full

Exterior Features

  • Exterior Features: Patio, Rain Gutters, Hot Tub/Spa, Storage, Sprinkler System, Fenced Yard, Garden
  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Other Structures: Workshop
  • Patio And Porch Features: Patio
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Paved
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Central Air, Ductless
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public, Private
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station
  • Senior Community YN: No

Lot Info

  • Parcel Number: 730553
  • Zoning: Res/Comm
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8795
  • Lot Size Units: Acres
  • Property Attached YN: No
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9550

Multi Family

  • Basement Included Sq Ft: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2024
Sold by
Adam Daniel and Adam Vivian T
Bought by
Batts Tesia E and Batts Stephen
Current Estimated Value
$1,063,548

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$666,834
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$396,714

Purchase Details

Listed on
Sep 21, 2023
Closed on
Dec 12, 2023
Sold by
Andreottola Loretta M
Bought by
Adam Vivian T and Adam Daniel
Seller's Agent
Teresa Troisi
Core Real Estate
Buyer's Agent
Kianie Stewart
Compass
List Price
$824,900
Sold Price
$825,000
Premium/Discount to List
$100
0.01%
Views
336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.05%
Original Mortgage
$618,750
Interest Rate
7.76%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Batts Tesia E $925,000 None Available
Adam Vivian T $825,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Batts Tesia E $675,000
Previous Owner Adam Vivian T $618,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2023 12/13/23 Sold $825,000 0.0% $250 / Sq Ft
11/21/2023 11/21/23 Pending -- -- --
11/12/2023 11/12/23 For Sale $824,900 0.0% $250 / Sq Ft
11/04/2023 11/04/23 Pending -- -- --
10/16/2023 10/16/23 Price Changed $824,900 -2.8% $250 / Sq Ft
10/05/2023 10/05/23 Price Changed $849,000 -3.5% $257 / Sq Ft
09/28/2023 09/28/23 Price Changed $879,900 -2.2% $266 / Sq Ft
09/21/2023 09/21/23 For Sale $899,900 -- $273 / 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 $9,538 $837,400 $477,400 $360,000
2024 $9,859 $841,200 $458,600 $382,600
2023 $9,550 $758,500 $413,500 $345,000
2022 $9,192 $689,600 $375,900 $313,700
2021 $4,835 $644,200 $360,200 $284,000
2020 $8,553 $613,100 $342,800 $270,300
2019 $8,310 $584,000 $326,500 $257,500
2018 $13,815 $539,000 $307,900 $231,100
2017 $7,136 $508,600 $290,500 $218,100
2016 $6,149 $424,100 $214,800 $209,300
2015 $5,936 $403,800 $204,500 $199,300
2014 $5,670 $384,700 $194,800 $189,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73162407

MLS Property Information Network (MLS PIN)

APN: READ-000007-000000-000113