NOT LISTED FOR SALE

55 Salem St Unit 1 Reading, MA 01867

Estimated Value: $883,000 - $1,055,000

2 Beds
1 Bath
1,327 Sq Ft
$744/Sq Ft Est. Value

Highlights

  • Golf Course Community
  • Landscaped Professionally
  • Wood Flooring
  • Walter S. Parker Middle School Rated A-
  • Property is near public transit
  • 4-minute walk to Memorial Park

About This Home

As of April 2023

Dreaming of living in the heart of Reading on 1st floor of a newly renovated historic home?.Ever wonder about living approx. 1/2 mile to the Train? How about being near restaurants/shops? Ever desired period woodwork that impresses your friends/ family? Ever yearned for a yard and 2 car parking? Do you appreciate refinished hardwood floors and new Pergo floors? Have you dreamt of a kitchen w/ ample cabinets, new SS appliances plus new Electrolux stacked washer & dryer? Want a spacious bedroom w/shelves, coffered ceiling & walk-in closet? Been looking for a generous living room adjacent to the kitchen for snacks w/ a windowed dining room that leads to an office? Want a new walk in shower? Yearning for 2nd bedroom walk-in closet 10' x 5' closet? Need storage in the basement?..They're all available here! Tenant pays 1/2 month office fee, 1st, last and $1000 security. NO smoking firm. Pet considered ($50 cat, $100 dog/mo- no aggressive breeds/ barkers).

Last Agent to Rent the Property

Holly Welch

Churchill Properties Listed on: 11/10/2022

Last Renter's Agent

Holly Welch

Churchill Properties Listed on: 11/10/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,779

Year Built

  • Built in 1817 | Remodeled

Lot Details

  • 0.47 Acre Lot
  • Near Conservation Area
  • Landscaped Professionally

Parking

  • 2 Car Parking Spaces

Home Design

  • Apartment

Interior Spaces

  • 1,327 Sq Ft Home
  • 1-Story Property
  • Coffered Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Decorative Lighting
  • Light Fixtures
  • Window Screens
  • Dining Area
  • Home Office
  • Exterior Basement Entry

Kitchen

  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher
  • Stainless Steel Appliances
  • ENERGY STAR Range
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom
  • Separate Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry on main level
  • ENERGY STAR Qualified Dryer
  • ENERGY STAR Qualified Washer

Outdoor Features

  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Schools

  • RMHS High School

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Individual Controls for Heating
  • Hot Water Heating System

Listing and Financial Details

  • Security Deposit $1,000
  • Property Available on 2/1/23
  • Rent includes water, sewer, trash collection, snow removal, gardener, extra storage, laundry facilities, parking
  • Assessor Parcel Number 733941

Community Details

Overview

  • No Home Owners Association

Amenities

  • Common Area
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Tennis Courts
  • Park
  • Jogging Path

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,779

Year Built

Built in 1817 | Remodeled

Lot Details

0

Rental Info

  • Pets Allowed: Yes w/ Restrictions
  • Available Date: 2023-02-01
  • Lease Term: Lease Terms(Lease),Term of Rental(12 Mo)
  • Available Now: No
  • Deposit Required: Yes
  • FIRST MON REQD: Yes
  • INSURANCE REQD: Yes
  • LAST MON REQD: Yes
  • REFERENCES REQD: Yes
  • SEC DEPOSIT: 1000

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Apartment
  • Year Built: 1817
  • Entry Level: 1
  • Year Built Details: Actual,Renovated Since
  • Year Round: Yes
  • CoOp Comp: 0
  • ResoPropertyType: ResidentialLease
  • Special Features: None

Interior Features

  • Flooring: Laminate
  • Interior Amenities: Home Office, Single Living Level
  • Fireplace YN: No
  • Appliances: Disposal,ENERGY STAR Qualified Refrigerator,ENERGY STAR Qualified Dryer,ENERGY STAR Qualified Dishwasher,ENERGY STAR Qualified Washer,Range - ENERGY STAR
  • Total Bedrooms: 2
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood
  • Room Bedroom2 Area: 167.4
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Coffered Ceiling(s), Closet, Flooring - Hardwood, Remodeled, Lighting - Sconce
  • Room Master Bedroom Level: Main
  • Room Master Bedroom Area: 202.86
  • Bathroom 1 Area: 47.74
  • Bathroom 1 Features: Bathroom - 3/4, Bathroom - With Shower Stall, Closet - Linen, Flooring - Laminate, Remodeled
  • Bathroom 1 Level: First
  • Room Dining Room Features: Flooring - Laminate
  • Room Dining Room Level: Main
  • Room Dining Room Area: 152.88
  • Room Kitchen Level: Main
  • Room Kitchen Features: Closet, Dining Area, Countertops - Upgraded, Dryer Hookup - Electric, Recessed Lighting, Remodeled, Stainless Steel Appliances, Washer Hookup
  • Room Kitchen Area: 196.182
  • Laundry Features: Main Level, Electric Dryer Hookup, Washer Hookup, First Floor, In Unit, Dryer Hookups in Unit, Washer Hookups in Unit
  • Room Living Room Level: Main
  • Room Living Room Area: 195.84
  • Room Living Room Features: Flooring - Hardwood, Remodeled, Lighting - Overhead
  • Room Office Level: First
  • Room Office Area: 133.5
  • Room Office Features: Flooring - Laminate, Exterior Access
  • Living Area: 1327
  • Window Features: Screens
  • MAIN LO: AN4851
  • LIST PRICE PER Sq Ft: 2.11
  • PRICE PER Sq Ft: 2.11
  • MAIN SO: AN4851

Exterior Features

  • Exterior Features: Rain Gutters, Professional Landscaping
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Total Parking Spaces: 2

Utilities

  • Heating: Oil, Hot Water, Unit Control
  • Cooling Y N: No
  • Heating YN: Yes

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
  • Rent Includes: Water, Sewer, Trash Collection, Snow Removal, Gardener, Extra Storage, Laundry Facilities, Parking
  • Senior Community YN: No
  • UNIT BUILDING: 1

Lot Info

  • Parcel Number: 733941
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 20435
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Multi Family

  • Basement Included Sq Ft: No

MLS Schools

  • High School: Rmhs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2022
Sold by
Campbell Florence E Est and Campbell
Bought by
55 Salem St Spe Llc
Total Days on Market
128
Current Estimated Value
$987,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Outstanding Balance
$690,185
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$271,302
Source: Public Records

Range of Values:

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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
55 Salem St Spe Llc $900,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 55 Salem St Spe Llc $720,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2023 04/18/23 Rented $2,800 0.0% --
03/19/2023 03/19/23 Under Contract -- -- --
02/15/2023 02/15/23 Price Changed $2,800 -6.7% $2 / Sq Ft
01/19/2023 01/19/23 Price Changed $3,000 -6.3% $2 / Sq Ft
11/10/2022 11/10/22 For Rent $3,200 -- --
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 $8,779 $770,800 $393,200 $377,600
2024 $8,857 $755,700 $385,500 $370,200
2023 $8,177 $649,500 $343,900 $305,600
2022 $7,765 $582,500 $308,400 $274,100
2021 $7,169 $519,100 $267,900 $251,200
2020 $6,936 $497,200 $256,600 $240,600
2019 $6,734 $473,200 $244,200 $229,000
2018 $6,443 $464,500 $239,700 $224,800
2017 $6,120 $436,200 $225,100 $211,100
2016 $5,829 $402,000 $224,300 $177,700
2015 $5,537 $376,700 $210,200 $166,500
2014 $5,339 $362,200 $202,100 $160,100
Source: Public Records

Agents Affiliated with this Home

  • Holly Welch

    Landlord's Agent in 2023

    Holly Welch

    Churchill Properties

    (617) 680-6999

    1 in this area

    23 Total Sales

    Holly Welch
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73057087

MLS Property Information Network (MLS PIN)

APN: READ-000022-000000-000098

Massachusetts Middlesex County Reading 01867

55 Salem St Unit 1, Reading, MA

This home is located at 55 Salem St Unit 1, Reading, MA 01867 since 10 November 2022 and is currently priced at $987,328. This property was built in 1817. 55 Salem St Unit 1 is a home located in Middlesex County with nearby schools including J. Warren Killam 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.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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