1 Franklin Ter, Reading, MA 01867 Property Records

Middlesex County and Reading Town property record for 1 Franklin Ter, Reading, MA 01867

Property Summary

Property Type	Single Family Home
Details	3 bd · 1.5 ba · 2,216 sqft · built 1950
Lot Size	0.43 acres (18,748 sqft)
Owner	2 Individual Names on File
Last Sale	$654,500 (Nov 2020)
Tax Bill	$9,715 (2026)
Deeds & Mortgages	Oct 2024 Mortgage Nov 2020 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`READ M:038.0-0000-0105.0`

Property Details

APN / Parcel Number

Primary APN	`READ M:038.0-0000-0105.0`
Alternative APNs	`M:038.0=0000=0105.0` `1530000000120` `1530000000`

Interior

Bedrooms	3 Beds
Full Baths	1.5 Baths
Half Baths	1 Half Bath
Total Rooms	7 Rooms
Stories	2 Stories
Building Area	2,216 sqft Living Area
Gross Area	3,549 sqft
Basement Area	936 sqft
Unfinished Basement	562 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1950
Effective Year Built	Effective 1968
Architectural Style	Cape Cod
Exterior Material	Wood Siding
Construction Type	Frame
Roof Type	Gable
Roof Material	Asphalt
Lot Area	18,748 sqft (0.43 acres)
Garage Type	Attached

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Forced Air with A/C
Heating Fuel	Oil

Location & Zoning

Account Number	1530000000120
Street Address	1 FRANKLIN TER
City	READING
State	MA
Zip	01867-1230
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	S20
Jurisdiction	READING MA
Township / Civil Division	READING
Census Block Group	4
Census Block	4004
Census Tract	334300

Owner

1 Franklin Ter is owned and occupied by two individuals who bought it in November 2020.

Source: Middlesex County and Reading Town records, as of October 20, 2026

Owner of Record	2 Individual Names on File
Mailing Address	1 FRANKLIN TER, READING, MA 01867-1230
Occupancy	Owner Occupied
Owner Type	Individual
Vesting	Tenants by the Entirety

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Oct 28, 2024	Deed of Trust, Mortgage · ARM WEBSTER BANK
Nov 16, 2020	Fiduciary Deed, Transfer · Stand-Alone First Mortgage PARKSIDE LENDING LLC

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Nov 16, 2020 · Amount on File
Deed Sale	Nov 16, 2020 · Amount on File
Prior Sale	Aug 8, 1975 · Amount on File
Deed Document Number	2020214869
Deed Book / Page	76181 / 587
Record Updated	Oct 29, 2026

October 2024: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	READING MA
Property Address	1 FRANKLIN TER, READING, MA 01867-1230
Transaction Type	Mortgage
Record Updated	Mar 13, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	083401-527
Date	Oct 28, 2024
Book Page	83401/527
Instrument	122522

Lender

Name	WEBSTER BANK
Type	Bank

Agreement

Type	ARM
Amount	Amount on Record
Term	373 Months
Due	Nov 1, 2055

Interest

Rate Type	Adjustable Rate
Rate	6.75%
Type Change Date	Nov 1, 2029
Index	Other

November 2020: Fiduciary Deed, Transfer

Document Type	Fiduciary Deed
Jurisdiction	READING MA
Recording Date	Nov 16, 2020
Property Address	1 FRANKLIN TER, READING, MA 01867-1230
Document Number	76181-587
Book / Page	76181 / 587
Instrument Date	Oct 16, 2020
Instrument	214869
Transaction Type	Transfer
Record Updated	May 12, 2021

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Tenants by the Entirety
Address	1 FRANKLIN TER, READING, MA 01867-1230

Mortgage

Document Number	214870
Date	Nov 16, 2020
Instrument	214870

Lender

Name	PARKSIDE LENDING LLC
Type	Lending Institution

Agreement

Type	Stand-Alone First Mortgage
Amount	Amount on Record

Tax Assessment & Valuation

The 2026 property tax bill for 1 Franklin Ter was $9,715, up 6.3% from the year before.

Source: Middlesex County and Reading Town assessment roll, as of April 14, 2026

Property Jurisdictions

Type	Name
State	Massachusetts
County	Middlesex County
County Subdivision	Reading Town
Unified School District	Reading School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$9,715.00 (+6.26%)	$886,400 (+10.43%) Land $490,400 Building $395,600	$994,221 (+1.43%)
2025	$9,143.00 (+1.17%)	$802,700 (+4.1%) Land $464,700 Building $338,000	$980,210 (-7.81%)
2024	$9,037.00 (+3.23%)	$771,100 (+10.9%) Land $446,400 Building $324,700	$1,063,240
2023	$8,754.00	$695,300 Land $402,500 Building $292,800

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 1 Franklin Ter in Zone X, an area of minimal flood risk, though there have been 3 flood claims nearby since 1978.

Source: FEMA National Flood Hazard Layer, effective September 10, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	5 in force
Nearby Flood Claims	3 (1978–2004)
Claims Outside the SFHA	2 of 3
Most Recent Claim	Apr 2004 · Flooding

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 1 Franklin Ter is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 98% of the US · lower than 96% of Massachusetts
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	READING WATER DEPARTMENT (MWRA) serves 26,262 people · EPA ID MA3246000
Water Source	Purchased surface water from MWRA
Last State Inspection	Nov 2023
Lead	8 ppb (2021–2023) action level 15 ppb

Violations Reported to EPA

Water Quality	E. coli not recorded as resolved · Oct 2019
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 300 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Verizon Fiber · Fixed Wireless in parts of the area	980 / 880

Cell Coverage

5G (outdoors only) and 4G LTE

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