$430,000
SOLD JAN 8, 2015

56 Locust St Reading, MA 01867

4 Beds
3 Baths
2,500 Sq Ft
0.35 Acres

Recently Sold

$172 Per Sq Ft

8% Above List Price

3 Days on Market

About This Home

As of November 2015

You will absolutely FLIP over this spacious and stately colonial in beautiful neighborhood, and on a gorgeous lot. Uniquely zoned (buyer to verify independently), this home offers a portion that is zoned commercial for in home business. Seller ran a beauty salon for years! 2 rooms ( the right side of the house) were added in the 70s, and never finished. The original 1920s home offers charming features, such as hardwood floors, inside wall fireplace, walk up attic, and more. The former salon will make a fantastic over sized family room. With minimal rearranging, this home will transform into what everybody is looking for...a four bedroom, 2.5 bath grand colonial, with a two car garage, on a beautiful lot, in a great neighborhood! Who could ask for more? Enthusiastic buyers, flippers, investors, and contractors should take note...this is a FANTASTIC OPPORTUNITY. Buyers with the fewest contingencies move to the head of the line! All offers will be presented Sun. 6/8 at 5pm.

Last Agent to Sell the Property

Rick Nazzaro

Colonial Manor Realty Listed on: 06/05/2014

Last Buyer's Agent

Rick Nazzaro

Colonial Manor Realty Listed on: 06/05/2014

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,331

Year Built

1920

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Level
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1920

Interior Features

  • Has Basement: Yes
  • Fireplaces: 1
  • Number of Rooms: 9
  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Highway Access, Public School
  • Electric: Circuit Breakers, 200 Amps
  • Flooring: Hardwood
  • Basement: Full, Interior Access, Bulkhead
  • Bedroom 2: Second Floor, 11X11
  • Bedroom 3: Second Floor, 11X8
  • Bedroom 4: Second Floor, 11X21
  • Bathroom #1: First Floor
  • Bathroom #2: First Floor
  • Bathroom #3: Second Floor
  • Kitchen: First Floor, 17X8
  • Laundry Room: Basement
  • Living Room: First Floor, 22X11
  • Master Bedroom: Second Floor, 15X11
  • Master Bedroom Description: Closet, Flooring - Hardwood
  • Dining Room: First Floor, 11X11
  • Family Room: First Floor, 17X17

Exterior Features

  • Construction: Frame
  • Exterior: Clapboard
  • Foundation: Concrete Block

Garage/Parking

  • Garage Parking: Detached
  • Garage Spaces: 2
  • Parking: Off-Street
  • Parking Spaces: 8

Utilities

  • Heat Zones: 1
  • Hot Water: Electric

Condo/Co-op/Association

  • HOA: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2015
Closed on
Nov 30, 2015
Sold by
Frazier Dennis J
Bought by
Rejtar Thomas and Rejtar Marketa
Seller's Agent
Rick Nazzaro
Colonial Manor Realty
Buyer's Agent
Brian Hermann
Better Living Real Estate, LLC
List Price
$699,900
Sold Price
$682,500
Premium/Discount to List
-$17,400
-2.49%
Current Estimated Value
$1,073,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$390,667
Avg. Annual Appreciation
3.86%
Original Mortgage
$540,000
Outstanding Balance
$432,794
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$550,532

Purchase Details

Listed on
Jun 5, 2014
Closed on
Jan 8, 2015
Sold by
Woodberry Rt 1
Bought by
Frazier Dennis J
Seller's Agent
Rick Nazzaro
Colonial Manor Realty
Buyer's Agent
Rick Nazzaro
Colonial Manor Realty
List Price
$399,900
Sold Price
$430,000
Premium/Discount to List
$30,100
7.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
68.05%
Original Mortgage
$507,500
Interest Rate
3.99%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Not Resolvable $682,500 --
Not Resolvable $430,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $540,000 Purchase Money Mortgage
Previous Owner $507,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2015 11/30/15 Sold $682,500 -1.1% $303 / Sq Ft
10/06/2015 10/06/15 Pending -- -- --
10/02/2015 10/02/15 Price Changed $689,900 -1.4% $307 / Sq Ft
09/03/2015 09/03/15 For Sale $699,900 +2.5% $311 / Sq Ft
09/02/2015 09/02/15 Off Market $682,500 -- --
08/10/2015 08/10/15 Price Changed $699,900 -4.7% $311 / Sq Ft
06/24/2015 06/24/15 Price Changed $734,500 -2.1% $326 / Sq Ft
06/02/2015 06/02/15 For Sale $749,900 +74.4% $333 / Sq Ft
01/08/2015 01/08/15 Sold $430,000 +7.5% $172 / Sq Ft
06/08/2014 06/08/14 Pending -- -- --
06/05/2014 06/05/14 For Sale $399,900 -- $160 / 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 $10,331 $907,000 $465,800 $441,200
2024 $10,452 $891,800 $457,900 $433,900
2023 $10,591 $841,200 $431,500 $409,700
2022 $10,204 $765,500 $394,800 $370,700
2021 $8,045 $682,500 $340,400 $342,100
2020 $9,218 $660,800 $329,500 $331,300
2019 $9,020 $633,900 $308,900 $325,000
2018 $6,930 $603,700 $294,000 $309,700
2017 $7,917 $564,300 $274,600 $289,700
2016 $7,865 $542,400 $273,300 $269,100
2015 $6,289 $427,800 $252,600 $175,200
2014 $6,095 $413,500 $244,000 $169,500
Source: Public Records

Agents Affiliated with this Home

  • Rick Nazzaro

    Seller's Agent in 2015

    Rick Nazzaro

    Colonial Manor Realty

    (781) 290-7425

    114 in this area

    175 Total Sales

    Rick Nazzaro
    Section Image
  • Brian Hermann

    Buyer's Agent in 2015

    Brian Hermann

    Better Living Real Estate, LLC

    (978) 828-4105

    10 Total Sales

    Brian Hermann
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71693366

MLS Property Information Network (MLS PIN)

APN: READ-000027-000000-000184

Massachusetts Middlesex County Reading 01867

56 Locust St, Reading, MA

This home is located at 56 Locust St, Reading, MA 01867 and is currently priced at $430,000, approximately $172 per square foot. This property was built in 1920. 56 Locust St is a home located in Middlesex County with nearby schools including Birch Meadow Elementary School, Arthur W. Coolidge 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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