NOT LISTED FOR SALE

541 Summer Ave Reading, MA 01867

Estimated Value: $746,012 - $775,000

3 Beds
1 Bath
938 Sq Ft
$806/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $535,000 $570 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,594/month

37 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Forced Air Heating System
  • Joshua Eaton Elementary School Rated A-
  • French Doors

About This Home

As of January 2021

Start the New Year with a New Home!! This is the one you have been waiting for! Quaint cape-cod style home on a fenced in corner lot. Curb appeal galore! Off street parking for 3 cars. Great outside deck off of the fireplace living room. Newer finished lower level for living or office space. Back yard patio and a shed for storage! Convenient to routes 128/93 and 28. Also near commuter rail, restaurants and shops in desirable Downtown Reading!

Last Agent to Sell the Property

Chuha & Scouten Team

Leading Edge Real Estate Listed on: 12/17/2020

Co-Listed By

Elise Scully

Leading Edge Real Estate

Last Buyer's Agent

Brian Flynn

Coldwell Banker Realty - Lexington

Coldwell Banker Realty - Lexington

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,012

Year Built

  • Built in 1948

Lot Details

  • 10,019

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • French Doors
  • Deck
  • Year Round Access
  • Basement

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,012

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Single Family Type: Detached
  • Style: Cape
  • Other Agent: 2.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 521.32
  • Comp Based On: Net Sale Price
  • Year Built: 1948
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1948

Interior Features

  • Fireplaces: 1
  • Flooring: Wood, Tile
  • Interior Amenities: Cable Available, French Doors
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
  • No Bedrooms: 3
  • Master Bedroom: On Level: First Floor, Dimension: 12X12, Flooring - Hardwood
  • Bedroom 2: On Level: Second Floor, Dimension: 14X12, Flooring - Hardwood
  • Bedroom 3: On Level: Second Floor, Dimension: 13X11, Flooring - Hardwood
  • Full Bathrooms: 1
  • Bathroom 1: On Level: First Floor, Bathroom - Full, Flooring - Stone/Ceramic Tile
  • No Rooms: 6
  • Dining Room: On Level: First Floor, Dimension: 10X10, Closet/Cabinets - Custom Built, Flooring - Hardwood, Chair Rail
  • Kitchen: On Level: First Floor, Dimension: 11X9, Flooring - Stone/Ceramic Tile, Exterior Access, Stainless Steel Appliances
  • Laundry: On Level: Basement
  • Living Room: On Level: First Floor, Dimension: 19X12, Fireplace, Flooring - Hardwood, French Doors, Cable Hookup
  • Basement: Y
  • Basement Features: Full, Finished, Bulkhead, Sump Pump
  • Main Lo: AN4643
  • Main So: AN1405
  • Estimated Sq Ft: 938.00

Exterior Features

  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Exterior Features: Deck - Vinyl
  • Foundation: Fieldstone
  • Foundation Size: 9999

Garage/Parking

  • Parking Feature: Off-Street, Tandem, Paved Driveway
  • Parking Spaces: 3

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 220 Volts
  • Cooling: Window AC
  • Heating: Forced Air, Oil
  • Heat Zones: 1
  • Hot Water: Electric
  • Utility Connections: for Electric Range

Condo/Co-op/Association

  • Amenities: Shopping, Highway Access, Private School, Public School

Schools

  • Elementary School: Call Supt
  • Middle School: Call Supt

Lot Info

  • Assessments: 457000.00
  • Acre: 0.23
  • Lot Size: 9917.00
  • Page: 441
  • Zoning: res
  • Lot Description: Corner, Wooded, Paved Drive, Fenced/Enclosed

Green Features

  • Energy Features: Storm Doors

Tax Info

  • Taxes: 6317.15
  • Assessor Parcel Number: 730627
  • Tax Year: 2020

MLS Schools

  • Grade School: Call Supt
  • Middle School: Call Supt

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2014
Sold by
Montrond Kimberly
Bought by
Montrond Donald A and Montrond Kimberly
Current Estimated Value
$756,253

Purchase Details

Closed on
Aug 26, 2011
Sold by
Albrecht David M and Albrecht Amy K
Bought by
Direeno Kimberly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,893
Interest Rate
4.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2005
Sold by
Cappello Francine
Bought by
Albrecht Amy K and Albrecht David M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2001
Sold by
Schaitel Karen and Vaughn Winona G
Bought by
Cappello Francine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
6.98%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Montrond Donald A -- --
Direeno Kimberly A $339,500 --
Albrecht Amy K $365,000 --
Cappello Francine $270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Direeno Kimberly A $330,893
Previous Owner Albrecht Amy K $315,000
Previous Owner Cappello Francine $171,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $535,000 +9.4% $570 / Sq Ft
12/23/2020 12/23/20 Pending -- -- --
11/16/2020 11/16/20 For Sale $489,000 -- $521 / 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 $7,012 $615,600 $416,000 $199,600
2024 $6,931 $591,400 $399,600 $191,800
2023 $6,714 $533,300 $360,300 $173,000
2022 $6,758 $507,000 $327,500 $179,500
2021 $6,524 $472,400 $309,600 $162,800
2020 $6,375 $457,000 $299,500 $157,500
2019 $6,176 $434,000 $284,400 $149,600
2018 $5,515 $397,600 $260,500 $137,100
2017 $5,390 $384,200 $251,700 $132,500
2016 $5,587 $385,300 $264,700 $120,600
2015 $5,392 $366,800 $252,000 $114,800
2014 $5,031 $341,300 $234,400 $106,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72767944

MLS Property Information Network (MLS PIN)

APN: READ-000008-000000-000066