NOT LISTED FOR SALE

518 Summer Ave Reading, MA 01867

Estimated Value: $850,000 - $961,000

4 Beds
2 Baths
2,100 Sq Ft
$436/Sq Ft Est. Value

Last Sold January 30, 2013

Last sale price $479,000 $228 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $5,861/month

68 Days on Market

About This Home

As of January 2013

Beautifuly renovated center entrance colonial on desirable Westend within Joshua Eaton school district. This 4 bedroom , 2 full bath ,features stainless steel appliances , granite counters , 2 car garage, fireplace and backyard deck overlooking conservation land. Updates include full electrical , plumbing and many others contributing to a new home feel. Master bedroom features vaulted ceilings w/ fan and hanging flat screen Tv with surround sound system. Easy access to routes 93 and 95 !!!

Last Listed By

Robert Damiano

RD Properties License #448551762 Listed on: 10/17/2012

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,430

Year Built

1945

Lot Details

0

Listing Details

  • Lot Description: Wooded, Paved Drive, Fenced/Enclosed
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1945

Interior Features

  • Has Basement: Yes
  • Fireplaces: 1
  • Number of Rooms: 7
  • Amenities: Shopping, Highway Access, Private School, Public School
  • Electric: 220 Volts, Circuit Breakers
  • Flooring: Wood, Tile
  • Insulation: Full
  • Interior Amenities: Cable Available
  • Basement: Full, Finished, Walk Out, Interior Access
  • Bedroom 2: Second Floor
  • Bedroom 3: Second Floor
  • Bedroom 4: Second Floor
  • Bathroom #1: First Floor
  • Bathroom #2: Second Floor
  • Kitchen: First Floor
  • Laundry Room: Basement
  • Living Room: First Floor
  • Master Bedroom: Second Floor
  • Master Bedroom Description: Ceiling Fans
  • Dining Room: First Floor
  • Family Room: Basement

Exterior Features

  • Construction: Frame
  • Exterior: Wood
  • Exterior Features: Porch, Deck, Patio, Fenced Yard
  • Foundation: Poured Concrete, Concrete Block

Garage/Parking

  • Garage Parking: Detached, Garage Door Opener
  • Garage Spaces: 2
  • Parking: Off-Street
  • Parking Spaces: 5

Utilities

  • Heat Zones: 1
  • Hot Water: Oil
  • Utility Connections: for Electric Range, for Electric Dryer, Washer Hookup

Condo/Co-op/Association

  • HOA: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2012
Closed on
Feb 1, 2013
Sold by
Hardy Jeffrey and Hardy Alison
Bought by
Borlese Roger M and Prechtl Nancy V
Seller's Agent
Robert Damiano
RD Properties
Buyer's Agent
Kathleen Mikilitus
Berkshire Hathaway HomeServices Verani Realty
List Price
$499,000
Sold Price
$479,000
Premium/Discount to List
-$20,000
-4.01%
Total Days on Market
68
Current Estimated Value
$915,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$436,442
Avg. Annual Appreciation
5.34%
Original Mortgage
$451,668
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 30, 2006
Sold by
Foley Paul W
Bought by
Hardy Alison and Hardy Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,920
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2000
Sold by
Russell Derek M and Russell Elizabeth F
Bought by
Foley Paul W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 28, 1993
Sold by
Woodman Jane N and Adreani Louis A
Bought by
Russell Derek M and Russell Elizabeth F

Purchase Details

Closed on
Jun 16, 1989
Sold by
Manning Bertha L
Bought by
Woodman Jane N

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Borlese Roger M $479,000 --
Hardy Alison $399,900 --
Foley Paul W $247,500 --
Russell Derek M $168,000 --
Woodman Jane N $161,850 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prechtl Nancy V $75,000
Open Borlase Roger M $397,000
Closed Borlase Roger M $397,000
Closed Borlase Roger M $438,000
Closed Borlese Roger M $451,668
Previous Owner Hardy Alison $123,000
Previous Owner Hardy Alison $319,920
Previous Owner Hardy Alison $59,985
Previous Owner Foley Paul W $300,000
Previous Owner Foley Paul W $258,750
Previous Owner Woodman Jane N $232,000
Previous Owner Woodman Jane N $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2013 01/30/13 Sold $479,000 -4.0% $228 / Sq Ft
12/24/2012 12/24/12 Pending -- -- --
12/13/2012 12/13/12 For Sale $499,000 0.0% $238 / Sq Ft
10/20/2012 10/20/12 Pending -- -- --
10/17/2012 10/17/12 For Sale $499,000 -- $238 / 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 $9,430 $827,900 $474,400 $353,500
2024 $9,324 $795,600 $455,700 $339,900
2023 $9,042 $718,200 $410,900 $307,300
2022 $8,714 $653,700 $373,600 $280,100
2021 $8,388 $607,400 $353,100 $254,300
2020 $14,247 $587,900 $341,600 $246,300
2019 $7,949 $558,600 $324,400 $234,200
2018 $14,369 $512,100 $297,100 $215,000
2017 $6,946 $495,100 $287,100 $208,000
2016 $6,903 $476,100 $281,900 $194,200
2015 $6,668 $453,600 $268,400 $185,200
2014 $6,450 $437,600 $267,400 $170,200
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2013

    Robert Damiano

    RD Properties

  • Kathleen Mikilitus

    Buyer's Agent in 2013

    Kathleen Mikilitus

    Berkshire Hathaway HomeServices Verani Realty

    (603) 233-0059

    32 Total Sales

    Kathleen Mikilitus
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71448229

MLS Property Information Network (MLS PIN)

APN: READ-000008-000000-000118

Massachusetts Middlesex County Reading 01867

518 Summer Ave, Reading, MA

Homes for Sale in Reading, MA

This home is located at 518 Summer Ave, Reading, MA 01867 since 17 October 2012 and is currently estimated at $915,442, approximately $435 per square foot. This property was built in 1945. 518 Summer Ave is a home located in Middlesex County with nearby schools including Joshua Eaton Elementary School, Walter S. Parker Middle School, and Reading Memorial High School.

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.

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