NOT LISTED FOR SALE

550 Summer Ave Reading, MA 01867

Estimated Value: $886,000 - $951,000

3 Beds
2 Baths
1,893 Sq Ft
$480/Sq Ft Est. Value

Last Sold December 10, 2019

Last sale price $575,000 $304 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $5,408/month

6 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Screened Porch
  • Joshua Eaton Elementary School Rated A-

About This Home

As of December 2019

Welcome home to this fantastic RANCH in Reading ! Step right into a sun filled OPEN CONCEPT Living Room, Kitchen & Dining area that makes living entertaining easy. You will love having a large living room with a fireplace . Spend day & night enjoying a picturesque screened sun-room that overlooks a serene back yard. 3 bedrooms on the main level along with a new bath. Hardwood floors throughout. You wont believe the size of the finished lower level, complete with a fireplace and sliders to the rear patio. Plenty of storage space & workshop area. Separate utility room features a state of the art BUDERIS heating system & separate hot water tank. Drive right into a 1 car attached garage with direct access to the house. A large rear deck offers peaceful views of the rear yard. Great opportunity to move to READING! OPEN HOUSES: SATURDAY 11/2 from 1:00-2:30 & SUNDAY 11/3 from 11:30-1:00!

Last Agent to Sell the Property

Jan Triglione

Premier Realty Group, Inc. Listed on: 10/30/2019

Last Buyer's Agent

Mark Sacco

LAER Realty Partners

LAER Realty Partners

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1964

Lot Details

  • Sprinkler System
  • Property is zoned S15

Parking

  • 1 Car Garage

Interior Spaces

  • Screened Porch
  • Basement

Kitchen

  • Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Outdoor Features

  • Deck
  • Patio

Utilities

  • Hot Water Baseboard Heater
  • Heating System Uses Oil
  • Water Holding Tank

Listing and Financial Details

  • Assessor Parcel Number M:008.0-0000-0113.0

Home Details

Home Type

Single Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Single Family Type: Detached
  • Style: Ranch
  • Year Built Description: Actual
  • List Price Per Sq Ft: 301.06
  • Comp Based On: Net Sale Price
  • Year Built: 1964
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1964

Interior Features

  • Fireplaces: 2
  • Flooring: Tile, Wall to Wall Carpet, Hardwood
  • Appliances: Range, Dishwasher
  • No Bedrooms: 3
  • Master Bedroom: On Level: First Floor, Dimension: 13X11, Flooring - Hardwood
  • Bedroom 2: On Level: First Floor, Dimension: 11X13, Flooring - Hardwood
  • Bedroom 3: On Level: First Floor, Dimension: 11X12, Flooring - Hardwood
  • Full Bathrooms: 2
  • Bathroom 1: On Level: First Floor, Bathroom - Full, Flooring - Stone/Ceramic Tile, Double Vanity, Recessed Lighting
  • Bathroom 2: On Level: Basement, Bathroom - Full, Flooring - Stone/Ceramic Tile, Recessed Lighting
  • No Rooms: 7
  • Dining Room: On Level: First Floor, Dimension: 10X11, Flooring - Hardwood, Window(s) - Picture, Recessed Lighting
  • Family Room: On Level: Basement, Dimension: 24X24, Flooring - Wall to Wall Carpet
  • Kitchen: On Level: First Floor, Dimension: 14X11, Flooring - Hardwood, Recessed Lighting
  • Living Room: On Level: First Floor, Dimension: 19X13, Fireplace, Flooring - Hardwood, Window(s) - Picture
  • Basement: Y
  • Basement Features: Full, Finished
  • Other Room 1: Name: Sun Room, On Level: First Floor, Dimension: 12X10
  • Other Room 2: Name: Bonus Room, On Level: Basement, Dimension: 1X10, Flooring - Wall to Wall Carpet
  • Main Lo: B95198
  • Main So: AN0278
  • Estimated Sq Ft: 1893.00

Exterior Features

  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Wood
  • Exterior Features: Porch - Enclosed, Porch - Screened, Deck - Wood, Patio, Sprinkler System
  • Foundation: Poured Concrete

Garage/Parking

  • Parking Feature: Off-Street, Paved Driveway
  • Parking Spaces: 4
  • Garage Parking: Attached, Garage Door Opener
  • Garage Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers, 100 Amps
  • Heating: Hot Water Baseboard, Oil
  • Hot Water: Tank
  • Utility Connections: for Electric Range, for Electric Dryer, Washer Hookup

Condo/Co-op/Association

  • Amenities: Public Transportation, Highway Access, House of Worship, Public School, T-Station

Lot Info

  • Assessments: 507200.00
  • Acre: 0.80
  • Lot Size: 34684.00
  • Page: 440
  • Parcel Number: M:008.0-0000-0113.0
  • Zoning: S15
  • Lot Description: Wooded, Paved Drive

Tax Info

  • Taxes: 7217.00
  • Assessor Parcel Number: 731253

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2008
Sold by
Mcgarity George E and Longley Rebecca
Bought by
George Mcgarity Lt and Mcgarity
Current Estimated Value
$897,951

Purchase Details

Closed on
Feb 20, 1987
Sold by
Mcgarity Marilyn F
Bought by
Mcgarity George E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,500
Interest Rate
9.24%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
George Mcgarity Lt -- --
Mcgarity George E $73,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgarity George E $172,000
Previous Owner Mcgarity George E $70,000
Previous Owner Mcgarity George E $73,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2019 12/10/19 Sold $575,000 +0.9% $304 / Sq Ft
11/05/2019 11/05/19 Pending -- -- --
10/30/2019 10/30/19 For Sale $569,900 -- $301 / 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 $8,614 $756,300 $471,800 $284,500
2024 $8,515 $726,500 $453,200 $273,300
2023 $8,248 $655,100 $408,700 $246,400
2022 $7,938 $595,500 $371,500 $224,000
2021 $7,667 $555,200 $351,100 $204,100
2020 $7,451 $534,100 $339,700 $194,400
2019 $7,217 $507,200 $322,600 $184,600
2018 $6,444 $464,600 $295,500 $169,100
2017 $6,322 $450,600 $285,500 $165,100
2016 $6,576 $453,500 $300,200 $153,300
2015 $6,349 $431,900 $285,900 $146,000
2014 $5,921 $401,700 $265,900 $135,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72586445

MLS Property Information Network (MLS PIN)

APN: READ-000008-000000-000113