Abutting the scenic Bare Meadow and Mattera Trails in Reading, MA, 695 Pearl Street offers an exceptional opportunity for visionary developers or homebuyers! This property sits on a sprawling 4.97 acre lot, brimming with potential for future development. With preliminary engineering already completed, the land presents a possible subdivision opportunity into three lots, making it a prime investment for those looking to build or expand. Buyers will be responsible for securing all necessary permits, conducting further engineering, and handling utilities and related expenses. This is a rare chance to create something truly special in a beautiful, serene setting while still being close to the convenience and amenities of Reading. Whether you’re looking to develop multiple properties or craft your dream home surrounded by nature, 695 Pearl Street is full of possibility. Don’t miss out on this unique opportunity!

Property Details

Price:
$1,200,000
MLS #:
73303783
Status:
Active
Beds:
5
Baths:
1.5
Address:
695 Pearl St
Type:
Single Family
Subtype:
Single Family Residence
City:
Reading
Listed Date:
Oct 17, 2024
State:
MA
Finished Sq Ft:
2,500
Total Sq Ft:
2,500
ZIP:
01867
Lot Size:
216,493 sqft / 4.97 acres (approx)
Year Built:
1963

Schools

Interior

Appliances
Range, Washer, Dryer
Bathrooms
1 Full Bathroom, 1 Half Bathroom
Cooling
None
Fireplaces Total
2
Heating
Baseboard, Oil
Laundry Features
First Floor

Exterior

Architectural Style
Cape
Community Features
Public Transportation, Shopping, Walk/ Jog Trails, Golf, Conservation Area, Highway Access, Public School, T- Station
Parking Features
Under, Garage Faces Side, Off Street
Parking Spots
6

Financial

Tax Year
2024
Taxes
$9,971

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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695 Pearl St
Reading, MA