NOT LISTED FOR SALE

53 John St Reading, MA 01867

Estimated Value: $792,000 - $818,611

4 Beds
2 Baths
1,944 Sq Ft
$413/Sq Ft Est. Value

Last Sold May 24, 2023

Last sale price $765,000 $394 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,197/month

5 Days on Market

Highlights

  • Golf Course Community
  • Property is near public transit
  • Jogging Path
  • Walter S. Parker Middle School Rated A-
  • Wood Flooring
  • Park

About This Home

As of May 2023

A charming two-family home in the heart of Reading, situated in a walkable neighborhood with a location that's hard to beat. This delightful property is just a few steps from the downtown area, commuter rail stop, nearby parks, schools, and local markets. The two spacious units have been lovingly maintained for years by the same family, with beautiful hardwood and vinyl flooring. Each unit boasts a cozy living room, an eat-in kitchen, two comfortable bedrooms, and a bathroom. There are also separate utilities for electricity, gas heat, and laundry hook-ups ensuring maximum convenience. Step outside into the well-cared-for backyard featuring stunning hydrangeas that create a serene environment. Currently, both units are rented out to happy tenants providing the perfect opportunity for anyone who wants to invest in property and looking for help with mortgage payments. Attend one of the weekend Open Houses and experience all that this property has to offer.

Last Listed By

Annette Gregorio

Leading Edge Real Estate Listed on: 04/13/2023

Leading Edge Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,452

Year Built

  • Built in 1800

Lot Details

  • 4,630 Sq Ft Lot

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,944 Sq Ft Home
  • Property has 1 Level
  • Wood Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 2 Heating Zones
  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $3,775
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number M:022.000000029.0,733281

Community Details

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Park
  • Jogging Path

Additional Features

  • 2 Units
  • Net Operating Income $45,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,452

Year Built

Built in 1800

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1800
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 2%
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood, Unit 2(Hardwood Floors)
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower,Internet Available - Broadband), Unit 2(Storage,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Gas Water Heater
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Interior Entry, Concrete, Unfinished
  • Living Area: 1944
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN4643
  • LIST PRICE PER Sq Ft: 360.03
  • PRICE PER Sq Ft: 393.52
  • MAIN SO: AN0122

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Gas,Unit Control), Unit 2(Gas,Unit Control)
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Laundromat, Highway Access, House of Worship, Private School, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:022.000000029.0,733281
  • Zoning: S15
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4630
  • Lot Size Units: Acres
  • PAGE: 439
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8451.66
  • Tax Book Number: 12553

Multi Family

  • Gross Income: 45300
  • Net Operating Income: 45300
  • Number Of Units Total: 2
  • Total Actual Rent: 3775
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 25, 2019
Sold by
Caros John A and Caros Magdalini
Bought by
Caros John A
Total Days on Market
5
Current Estimated Value
$803,653

Purchase Details

Closed on
Nov 14, 1973
Bought by
Caros John A and Caros Magdalini

Range of Values:

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Average Value
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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
Caros John A -- --
Caros John A $33,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rand Benjamin $680,800
Previous Owner Caros John A $130,000
Previous Owner Caros John A $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2023 05/24/23 Sold $765,000 +9.3% $394 / Sq Ft
04/19/2023 04/19/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $699,900 -- $360 / 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 $8,908 $782,100 $398,600 $383,500
2024 $8,619 $735,400 $374,800 $360,600
2023 $8,452 $671,300 $342,100 $329,200
2022 $7,779 $583,600 $297,400 $286,200
2021 $5,195 $538,600 $272,500 $266,100
2020 $7,149 $512,500 $259,300 $253,200
2019 $6,953 $488,600 $247,200 $241,400
2018 $6,332 $456,500 $231,000 $225,500
2017 $6,095 $434,400 $219,800 $214,600
2016 $5,641 $389,000 $207,700 $181,300
2015 $5,652 $384,500 $197,800 $186,700
2014 $5,448 $369,600 $188,400 $181,200
Source: Public Records

Agents Affiliated with this Home

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73098692

MLS Property Information Network (MLS PIN)

APN: READ-000022-000000-000029