NOT LISTED FOR SALE

55 Red Gate Ln Reading, MA 01867

Estimated Value: $1,134,355 - $1,278,000

4 Beds
2.5 Baths
2,253 Sq Ft
$525/Sq Ft Est. Value

Last Sold June 10, 2022

Last sale price $1,030,000 $457 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $7,130/month

8 Days on Market

Highlights

  • Golf Course Community
  • Community Stables
  • Deck
  • Joshua Eaton Elementary School Rated A-
  • Custom Closet System
  • Property is near public transit

About This Home

As of June 2022

LOCATION LOCATION, LOCATION Situated on a highly sought after WESTSIDE STREET, this 4 bedroom, 2.5 Bath home is MOVE-IN READY. The OVERSIZED SUNNY LIVINGROOM with FIREPLACE opens into your FORMAL DINING ROOM. Your kitchen offers STAINLESS STEEL APLIANCES, a TRASH COMPACTOR, ISLAND SEATING and leads out to a STUNNING SUNROOM. This SUNNY OASIS overlooks the WELL MANICURED GARDENS of your PRIVATE BACKYARD. The BEDROOMS are all generous sized and THE PRIMARY SUITE has it's OWN PRIVATE HALF BATH. The LOWER LEVEL FIREPLACED FAMILY ROOM is great for additional entertaining space. The FOURTH BEDROOM has a WALK-IN CLOSET and is adjacent to a FULL BATH and LAUNDRY ROOM. With HARDWOOD FLOORS, CENTRAL AIR and an EXPANSIVE 2-CAR GARAGE, this House checks all the boxes. Close SCHOOLS, Reading Center, COMMUTER RAIL and HIGHWAYS. This one is not to be missed!

Last Agent to Sell the Property

Margaret O'Sullivan

William Raveis R.E. & Home Services Listed on: 04/27/2022

William Raveis R.E. & Home Services

Last Buyer's Agent

Irene Ho

Move2Boston Group, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,450

Year Built

  • Built in 1972

Lot Details

  • 0.26 Acre Lot
  • Property is zoned S15

Parking

  • 2 Car Attached Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Split Level Home
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,253 Sq Ft Home
  • Cathedral Ceiling
  • Bay Window
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Sun or Florida Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Dishwasher

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • Custom Closet System

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Outdoor Storage

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Call Supt Elementary And Middle School
  • RMHS High School

Utilities

  • Central Air
  • 2 Cooling Zones
  • 2 Heating Zones
  • Heating System Uses Natural Gas
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number M:007.000000178.0,731143

Community Details

Recreation

  • Golf Course Community
  • Tennis Courts
  • Park
  • Community Stables

Additional Features

  • West Side Subdivision
  • Shops

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,450

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1972
  • Levels: Split Entry
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Subdivision Name: West Side
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Stone / Slate
  • Interior Amenities: Cathedral Ceiling(s), Sun Room
  • Fireplace Features: Family Room, Living Room
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Appliances: Dishwasher,Refrigerator,Washer,Dryer
  • Total Bedrooms: 4
  • Room Bedroom2 Level: Second
  • Room Bedroom2 Features: Flooring - Hardwood
  • Room Bedroom2 Area: 165
  • Room Bedroom3 Features: Flooring - Hardwood
  • Room Bedroom3 Area: 120
  • Room Bedroom3 Level: Second
  • Room Bedroom4 Area: 192
  • Room Bedroom4 Level: First
  • Room Bedroom4 Features: Closet/Cabinets - Custom Built
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bathrooms: 2.5
  • Room Master Bedroom Features: Bathroom - Half, Flooring - Hardwood
  • Room Master Bedroom Level: Second
  • Room Master Bedroom Area: 180
  • Room Dining Room Features: Flooring - Hardwood
  • Room Dining Room Level: Second
  • Room Dining Room Area: 121
  • Room Family Room Level: First
  • Room Family Room Features: Window(s) - Bay/Bow/Box
  • Room Family Room Area: 234
  • Room Kitchen Level: Second
  • Room Kitchen Features: Flooring - Hardwood, Breakfast Bar / Nook
  • Room Kitchen Area: 132
  • Room Living Room Level: Second
  • Room Living Room Area: 270
  • Room Living Room Features: Flooring - Hardwood
  • Basement: Full
  • Living Area: 2253
  • MAIN LO: M59500
  • LIST PRICE PER Sq Ft: 443.41
  • PRICE PER Sq Ft: 457.17
  • MAIN SO: AN2603

Exterior Features

  • Exterior Features: Storage
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Attached Garage YN: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Attached, Paved Drive, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 2
  • COOLING ZONES: 2

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Stable(s), Golf, House of Worship, Private School, Public School

Lot Info

  • Parcel Number: M:007.000000178.0,731143
  • Zoning: S15
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Size Sq Ft: 11325.6
  • Lot Size Units: Acres
  • Property Attached YN: No
  • LOT SIZE: 11395
  • PAGE: 52

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9450
  • Tax Book Number: 1055

Multi Family

  • Basement Included Sq Ft: No

MLS Schools

  • High School: Rmhs
  • Elementary School: Call Supt
  • Middle Or Junior School: Call Supt

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2025
Sold by
Ng Keung-Chi and Ng Lucinda
Bought by
Lucinda L Ng T L and Lucinda Ng
Current Estimated Value
$1,181,839

Purchase Details

Closed on
Mar 24, 1989
Sold by
Burkholder George S
Bought by
Callahan William C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
10.49%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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
Lucinda L Ng T L -- None Available
Lucinda L Ng T L -- None Available
Ng Keung Chi $1,030,000 None Available
Ng Keung Chi $1,030,000 None Available
Callahan William C $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Callahan William C $100,000
Previous Owner Callahan William C $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2022 06/10/22 Sold $1,030,000 +3.1% $457 / Sq Ft
05/06/2022 05/06/22 Pending -- -- --
04/27/2022 04/27/22 For Sale $999,000 -- $443 / 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 $10,659 $935,800 $557,700 $378,100
2024 $10,788 $920,500 $548,600 $371,900
2023 $9,460 $751,400 $480,600 $270,800
2022 $9,450 $708,900 $453,400 $255,500
2021 $9,406 $681,100 $414,800 $266,300
2020 $9,035 $647,700 $394,400 $253,300
2019 $8,663 $608,800 $370,600 $238,200
2018 $7,905 $569,900 $346,800 $223,100
2017 $7,840 $558,800 $340,000 $218,800
2016 $8,275 $570,700 $335,700 $235,000
2015 $7,631 $519,100 $305,200 $213,900
2014 $7,652 $519,100 $305,200 $213,900
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: 72972363

MLS Property Information Network (MLS PIN)

APN: READ-000007-000000-000178