NOT LISTED FOR SALE

60 King St Reading, MA 01867

Estimated Value: $838,500

8 Beds
6 Baths
4,900 Sq Ft
$171/Sq Ft Est. Value

Last Sold December 14, 2018

Last sale price $630,000 $129 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,232/month

250 Days on Market

Highlights

  • Wood Flooring
  • Alice M. Barrows Elementary School Rated A-
  • Porch

About This Home

As of December 2018

PRICE REDUCTION!!!!!Builder project opportunity. Purchase an oversized two family between COVETED Prospect and Summer Streets on West Side. Proposed four level,16 room, 8 bedroom, 6 bath plans in hand. First floor renovation complete. Basement, second, third floors ready for new renovation. Second floor demo portion completed. Oversized lot, extra long, 2 car garage with room for outdoor amenity space. Abutting fine homes and beautiful lots. Needed work is extensive. This is truly a diamond in the rough.

Last Agent to Sell the Property

Anthony Marino

The Marino Group Collection Listed on: 03/23/2018

Last Buyer's Agent

Mike Stuart

Merrimack Realty Group, Chelmsford

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.26

Parking

  • 2 Car Garage

Outdoor Features

  • Rain Gutters
  • Porch

Additional Features

  • Wood Flooring
  • Year Round Access
  • Oil Water Heater
  • Basement

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.50
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 132.65
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Year Round: Yes
  • Levels: 4
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4
  • Year Built: 1900

Interior Features

  • Flooring: Hardwood
  • Total Flrs: 3
  • No Bedrooms: 8
  • Total Brs: 8
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Fbh: 4
  • Total Hbh: 2
  • No Rooms: 16
  • Basement: Y
  • Basement Features: Full
  • Main Lo: AN3656
  • Main So: AC0342
  • Estimated Sq Ft: 4900.00

Exterior Features

  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Exterior Features: Porch, Gutters
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street, Improved Driveway
  • Parking Spaces: 6
  • Garage Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers, 100 Amps
  • Hot Water: Oil
  • 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: 711700.00
  • Lot: 145
  • Acre: 0.26
  • Lot Size: 11334.00
  • Page: 159
  • Zoning: S15
  • Lot Description: Paved Drive, Gentle Slope

Green Features

  • Energy Features: Insulated Windows

Multi Family

  • Heat Units: 3
  • Total Levels: 4
  • Total Rms: 16
  • No Units: 2
  • Mf Type: 2 Family

Tax Info

  • Taxes: 9871.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2021
Sold by
Wheeler Development Llc
Bought by
Tracey Amanda C
Current Estimated Value
$838,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Outstanding Balance
$484,086
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 2021
Sold by
Wheeler Development Llc
Bought by
Fisch Adam S and Fernandes Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Outstanding Balance
$484,086
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 23, 2018
Closed on
Dec 14, 2018
Sold by
Okeeffe Dermot J
Bought by
Wheeler Development Llc
Seller's Agent
Anthony Marino
The Marino Group Collection
Buyer's Agent
Mike Stuart
Merrimack Realty Group, Chelmsford
List Price
$789,000
Sold Price
$630,000
Premium/Discount to List
-$159,000
-20.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2014
Sold by
Okeeffe Dermot J and Okeefe Martina M
Bought by
Okeeffe Dermot J

Purchase Details

Closed on
Apr 15, 2005
Sold by
Lorraine M Santoro T
Bought by
Okeeffe Dermot J and Okeeffe Martina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$426,000
Interest Rate
5.78%
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
Tracey Amanda C $595,000 None Available
Fisch Adam S $775,000 None Available
Wheeler Development Llc $630,000 --
Okeeffe Dermot J -- --
Okeeffe Dermot J $568,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tracey Amanda C $535,000
Closed Fisch Adam S $750,000
Previous Owner Wheeler Development Llc $400,000
Previous Owner Okeeffe Dermot J $426,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2018 12/14/18 Sold $630,000 -3.1% $129 / Sq Ft
11/28/2018 11/28/18 Pending -- -- --
10/22/2018 10/22/18 Price Changed $650,000 -5.7% $133 / Sq Ft
08/20/2018 08/20/18 Price Changed $689,000 -1.4% $141 / Sq Ft
07/24/2018 07/24/18 Price Changed $699,000 -11.4% $143 / Sq Ft
03/23/2018 03/23/18 For Sale $789,000 -- $161 / 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
2021 $14,163 $952,400 $415,900 $536,500
2020 $10,769 $801,500 $407,900 $393,600
2019 $10,509 $753,800 $388,000 $365,800
2018 $9,871 $711,700 $366,000 $345,700
2017 $9,591 $683,600 $348,600 $335,000
2016 $8,233 $567,800 $296,700 $271,100
2015 $7,794 $530,200 $274,200 $256,000
2014 $7,624 $517,200 $264,900 $252,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72297528

MLS Property Information Network (MLS PIN)

APN: READ-000015-000000-000145