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51 Forest Street

51 Forest Street, Reading, MA 01867
Property in Reading
Sold Jul 24, 2020
$625,500
$500,400 by Washington Trust Mortgage Co
Mortgage Due Jul 24, 2050
Sold Aug 28, 2015
$440,000
$352,000 by Leader Bank Na
Mortgage Due Aug 28, 2045
51 Forest Street in Reading, MA was first built in 1955 and is 69 years old. Although, the building on the property was most recently renovated and altered in 1975. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 51 Forest Street has 1,560 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 1,040 sqft and has been categorized as a full basement. In total, the area measurement of the land is 13,051 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of asphalt. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as good. The exterior walls of the home are made of wood siding. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with oil. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 51 Forest Street sold most recently in Jul 16, 2020 for a total of $625,500. If you work out the math, that's approximately a cost of $400.96 per sqft. Before that, the property was also sold for $440,000 in Jan 1, 1970. 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 $8,203 in taxes each year. 51 Forest Street was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $699,900. If we break it down further, the land itself was valued at $450,300. Improvements to the property, however, were assessed at a total of $249,600. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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
Tandem Parking

Condition

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

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 1,040
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 13,051
  • Total Building Area: 1,560
  • Gross Building Area: 2,386
  • Building Area: 1,560
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,560
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.3
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MYERS TIMOTHY
  • Previous Owner : ZOIA ZACHARY
  • Previous Owner 2: ZOIA ANDREA
  • Owner Before Previous Owner: LEVER RYAN
  • Owner Before Previous Owner 2: LEVER KERRI E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: S15

Geography

  • Account Number: 1580000000
  • Parcel: READ M:039.0-0000-0168.0
  • Municipality: READING
  • Latitude: 42.5414
  • Longitude: -71.1074

    Address

  • Full Address: 51 Forest St
  • Address - House Number: 51
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C013
  • 4-Digit Zip Code: 1204
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $8,203

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 780,749
  • High Value: 917,655
  • Low Value: 643,842

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $500,400
  • First Open Lien Mortgage Lender: WASHINGTON TRUST MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Jul 24, 2020
  • First Open Lien Mortgage Loan Amount: $500,400
  • 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: Jul 24, 2050

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $699,900
  • Assessed Land Value: $450,300
  • Assessed Improvements Value: $249,600

    Sales

  • Current Sale Contract Date: Jul 16, 2020
  • Current Sale Recording Date: Jul 24, 2020
  • Current Sale Transaction ID: 11775869927
  • Current Sale Price: $625,500
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 121649
  • Previous Sale Recording Date: Aug 28, 2015
  • Previous Sale Amount: $440,000
  • Previous Sale Document Type: Quit Claim Deed (arm's length)

    Last Sale Mortgage

  • First Mortgage Lender: WASHINGTON TRUST MORTGAGE CO
  • First Mortgage Transaction Date: Jul 24, 2020
  • First Mortgage Loan Amount: $500,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: LEADER BANK NA
  • Previous Mortgage Transaction Date: Aug 28, 2015
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $352,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Aug 28, 2045

About Reading



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Frequently Asked Questions

What neighborhood is 51 Forest Street located in?
The 51 Forest Street is a located in the neighborhood of Reading in Reading, Reading.
What is the average sales price for listings in 51 Forest Street?
The average sales price for units in 51 Forest Street is $0 currently.

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