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1127 Main Street

1127 Main Street, Reading, MA 01867
Property in Reading
Sold Nov 17, 2017
$510,000
$382,500 by Leader Bank Na
Mortgage Due Nov 17, 2047
Sold May 08, 2006
Transfer
Local assessors in Reading, MA have categorized 1127 Main Street as a residential type of property. The home was built in 1872 and is 152 years old. It was most recently renovated and altered in 1945. The property's lot size has been calculated to be 24,498 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 11 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1127 Main Street has a total of 2,836 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 878 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is fair. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof that was made of asphalt. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. The home's a hot water heating system is the primary heating source and it is being fueled with oil. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1127 Main Street sold most recently in Jan 1, 1970 for a total of $510,000. If you work out the math, that's approximately a cost of $179.83 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $8,437 in taxes each year. 1127 Main Street was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $719,900. If we break it down further, the land itself was valued at $417,700. Improvements to the property, however, were assessed at a total of $302,200. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Parking

Off Street Parking

Condition

Cleared Lot
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1872
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Fair
  • Construction Type: Frame
  • Building Style: Duplex
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Full basement
  • Basement Area: 878
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 24,498
  • Total Building Area: 2,836
  • Gross Building Area: 3,854
  • Building Area: 2,836
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 2,836
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.562
  • Standard Land Use Code: Duplex (2 units, any combination)

Ownership

  • Current Owner : PETERSON PHILIP M
  • Previous Owner : SWEEZEY FT
  • Previous Owner 2: HUGHES-SWEEZEY
  • Owner Before Previous Owner: HUGHES MARY P

Neighborhood

  • School District Name: Reading School District
  • School Tax School District: READING SD
  • Census Tract: 334300

Zoning

  • Zoning: S15

Geography

  • Account Number: 1590000000
  • Parcel: READ M:039.0-0000-0197.0
  • Municipality: READING
  • Latitude: 42.5442
  • Longitude: -71.1039

    Address

  • Full Address: 1127 Main St
  • Address - House Number: 1127
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C018
  • 4-Digit Zip Code: 1305
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $8,437

    Appraisal Valuation

  • Standard Deviation: 0.2228
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 69
  • Final Value: 679,561
  • High Value: 831,015
  • Low Value: 528,108

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $382,500
  • First Open Lien Mortgage Lender: LEADER BANK NA
  • First Open Lien Mortgage Recording Date: Nov 17, 2017
  • First Open Lien Mortgage Loan Amount: $382,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 17, 2047

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $719,900
  • Assessed Land Value: $417,700
  • Assessed Improvements Value: $302,200

    Sales

  • Current Sale Recording Date: Nov 17, 2017
  • Current Sale Transaction ID: 11311826143
  • Current Sale Price: $510,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 187999
  • Previous Sale Recording Date: May 08, 2006
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: LEADER BANK NA
  • First Mortgage Transaction Date: Nov 17, 2017
  • First Mortgage Loan Amount: $382,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 17, 2047

About Reading



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$900 /mo

  • 4 Beds
  • 1 Bath
  • 1,400 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 1127 Main Street located in?
The 1127 Main Street is a located in the neighborhood of Reading in Reading, Reading.
What is the average sales price for listings in 1127 Main Street?
The average sales price for units in 1127 Main Street is $0 currently.

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