Seller's Agent in 2025
Margaret O'Sullivan
William Raveis R.E. & Home Services
(781) 439-2566
42 in this area
95 Total Sales
71 Red Gate Ln Reading, MA 01867
5
Beds
3
Baths
3,485
Sq Ft
0.31
Acres
Highlights
- Golf Course Community
- In Ground Pool
- Contemporary Architecture
- Joshua Eaton Elementary School Rated A-
- Sauna
- Property is near public transit
About This Home
As of October 2025UPDATE & UPDATED!!! Don’t miss the new RENOVATIONS! No space left untouched including over 1,200 sq ft of NEW FLOORING. Located on one of Reading’s MOST SOUGHT AFTER WEST SIDE STREETS, this CUSTOM BUILT home offers the most VERSATILE LIVING SPACE. 3 FULL LEVELS provide the ROOM TO GROW or for MULTIPLE GENERATIONS under one roof. The main level has beautiful HARDWOOD FLOORS, a FIREPLACED LIVING ROOM & a STUNNING RENOVATED KITCHEN with LARGE ISLAND & separate DINING SPACE. Adjacent to the kitchen is a SUNROOM overlooking your PRIVATE BACKYARD with INGROUND POOL. The main level continues with a RENOVATED BATH, 2 BEDROOMS both with ample CLOSET SPACE. The third level has 2 GENEROUS BEDROOMS, a FULL BATH & an OFFICE NOOK. The WALK OUT LOWER LEVEL features a LIVING/DINING SPACE with KITCHENETTE, BEDROOM, FULL BATH & a MUDROOM. Add to that an OVERSIZED GARAGE & 2 DRIVEWAYS. Close to MAJOR ROUTES, VIBRANT DOWNTOWN & the ACCLAIMED SCHOOLS of READING.
Last Agent to Sell the Property
William Raveis R.E. & Home Services Listed on: 04/23/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,245
Year Built
- Built in 1978
Lot Details
- 0.31 Acre Lot
- Level Lot
- Sprinkler System
- Property is zoned S15
Parking
- 2 Car Detached Garage
- Open Parking
- Off-Street Parking
Home Design
- Contemporary Architecture
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- Recessed Lighting
- Decorative Lighting
- Light Fixtures
- French Doors
- Sliding Doors
- Mud Room
- Living Room with Fireplace
- Sun or Florida Room
- Sauna
Kitchen
- Range
- Microwave
- Dishwasher
- Kitchen Island
- Solid Surface Countertops
Flooring
- Wood
- Carpet
- Concrete
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- 3 Full Bathrooms
- Double Vanity
- Bathtub with Shower
- Separate Shower
- Linen Closet In Bathroom
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Outdoor Features
- In Ground Pool
- Patio
Location
- Property is near public transit
- Property is near schools
Schools
- Call Supt Elementary And Middle School
- RMHS High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- 3 Heating Zones
- Heating System Uses Oil
- Baseboard Heating
- 200+ Amp Service
Listing and Financial Details
- Assessor Parcel Number M:007.000000284.0,731453
Community Details
Overview
- No Home Owners Association
- West Side Subdivision
Amenities
- Shops
Recreation
- Golf Course Community
- Tennis Courts
- Community Pool
- Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 23, 2025
Closed on
Oct 15, 2025
Sold by
Leahy Peter E and Leahy Jean M
Bought by
Chou Shengnan
Seller's Agent
Margaret O'Sullivan
William Raveis R.E. & Home Services
Buyer's Agent
CASTLES UNLIMITED TEAM
eXp Realty
List Price
$1,332,000
Sold Price
$1,320,000
Premium/Discount to List
-$12,000
-0.9%
Views
165
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.77%
Original Mortgage
$700,000
Outstanding Balance
$699,320
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$626,229
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,320,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $700,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/16/2025 10/16/25 | Sold | $1,320,000 | -0.9% | $379 / Sq Ft |
| 09/04/2025 09/04/25 | Pending | -- | -- | -- |
| 08/06/2025 08/06/25 | For Sale | $1,332,000 | +0.9% | $382 / Sq Ft |
| 07/09/2025 07/09/25 | Off Market | $1,320,000 | -- | -- |
| 06/11/2025 06/11/25 | Price Changed | $1,332,000 | -0.6% | $382 / Sq Ft |
| 05/21/2025 05/21/25 | Price Changed | $1,339,900 | -3.6% | $384 / Sq Ft |
| 04/23/2025 04/23/25 | For Sale | $1,389,900 | -- | $399 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $12,245 | $1,075,100 | $538,300 | $536,800 |
| 2024 | $12,400 | $1,058,000 | $529,600 | $528,400 |
| 2023 | $11,696 | $929,000 | $463,900 | $465,100 |
| 2022 | $11,696 | $877,400 | $437,700 | $439,700 |
| 2021 | $11,281 | $816,900 | $400,500 | $416,400 |
| 2020 | $5,664 | $777,500 | $380,800 | $396,700 |
| 2019 | $10,409 | $731,500 | $357,800 | $373,700 |
| 2018 | $9,508 | $685,500 | $334,800 | $350,700 |
| 2017 | $5,132 | $672,400 | $328,300 | $344,100 |
| 2016 | $9,667 | $666,700 | $324,000 | $342,700 |
| 2015 | $8,932 | $607,600 | $294,600 | $313,000 |
| 2014 | $8,956 | $607,600 | $294,600 | $313,000 |
Source: Public Records
Agents Affiliated with this Home
-
Margaret O'Sullivan
-
CASTLES UNLIMITED TEAM
C
Buyer's Agent in 2025
CASTLES UNLIMITED TEAM
eXp Realty
(800) 967-3561
1 in this area
75 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73363209
APN: READ-000007-000000-000284
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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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