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1 Summit Dr. # 52, Reading MA 01867

Reading, MA 01867
$420,000
Est. $2,998/month
1
Beds
1
Baths
830
Sq Ft
$506
Price/Sq Ft
1970
Year Built
11
Days on Market
Closed Listed Apr 3, 2024 • MLS# 73219248 Copied!

About this home

Step into this stylish, updated one-bedroom condo blending modern elegance with ultimate comfort. The kitchen, featuring custom/sleek cabinetry and top-notch appliances, opens to a sunlit living area and a large balcony with breathtaking treetop views. The spacious bedroom boasts a large, customized walk-in closet. Unit is situated on the 5th floor with elevator access. Condo fee includes heating and hot water. Multiple parking lots with plenty of visitor parking. Laundry facility and private extra storage also included in basement. Enjoy summer relaxing around the inground pool located in lush green area. Private viewings arranged through the listing agent and some bloack appointments will be scheduled, No OH. Experience the perfect mix of style, convenience, and leisure in a sought-after location where condos are a rare find. Complex is close to shopping and restaurants. Reading MBTA commuter rail and route 128/95 are located close to the complex.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
1
Full Bathrooms
1
Living Area
830 sq ft
Total Rooms
4
Stories
6
Entry Level
5

Sale Statistics

Sale Overview
Original List Price: $409,900
Final Sale Price: $420,000
Difference: +$10,100 (+2.5%)
Performance Metrics
102.5%
List to Sale Ratio
Sold above asking price
11
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $494
Sale $/sq ft: $506
This property sold for $506 per square foot
Sale Summary

This property sold for 2.5% above the original asking price, indicating strong buyer demand.

With only 11 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 6 similar properties sold within 0.5 miles in the last 90 days

This Property
$506/sq ft
Area Average
$237/sq ft
Difference
+113.4%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 830 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 4

Interior

Heating Forced Air, Unit Control
Cooling Central Air, Unit Control
Flooring Wood, Tile, Carpet
Appliances Range, Microwave, Refrigerator
Fireplace None
Basement N
Laundry In Basement, Common Area, In Building
Features Internet Available - Unknown

Exterior

Construction Frame
Architecture None
Roof Rubber
Features Balcony
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Common, Paved
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $3,824
Assessed Value $326,300

Interior Features

Flooring: Wood, Tile, Carpet
Appliances: Range, Microwave, Refrigerator
Interior Features: Internet Available - Unknown
Windows:
Basement: N
Laundry: In Basement, Common Area, In Building
Security: Intercom

Construction & Materials

Year Built: 1970
Structure Type: Garden
Exterior Materials: Frame
Roof: Rubber
Foundation:
Stories: 6

Heating, Cooling & Utilities

Heating: Forced Air, Unit Control
Heating Zones: 1
Cooling: Central Air, Unit Control
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Common, Paved

Location

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Neighborhood

1 Summit Dr. # 52, Reading MA 01867

Reading, MA 01867

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $319
Homeowners Insurance $200
HOA Fee $356/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

12.6%
Price Range
12
Total Days on Market
1
Previous Sales

Property Timeline

Sold
May 16, 2024
$420,000
Property sold
Days on Market: 12
🏠
Listed for Sale
Apr 3, 2024
$409,900
Original listing
Agent: Louise Touchette Team Office: Coldwell Banker Realty - Lynnfield
Previous Transaction - MLS #73174191
Full transaction history available when tracking began
🏷️
Previously Sold
Nov 14, 2023
$367,000
MLS #73174191

Price & Status History

Date Event Price Change
Apr 3, 2024 New Listing Added $409,900
Nov 14, 2023 Sold $367,000

Market Statistics

Days on Market
11 days
Price per Sq Ft
$506

Tax History

Year Taxes Assessment
2024 $3,824 $326,300

Financial Details

Annual Property Tax
$3,824
Tax Year 2024
HOA Fee
$356
Monthly
Assessed Value
$326,300

Listing Information

Listing Agent Louise Touchette Team
Listing Office Coldwell Banker Realty - Lynnfield
Agent MLS ID TM350730
Office MLS ID AN6219
Listing Data Updated May 17, 2024 6:30 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Reading, MA

Real-time market trends and pricing data for this area

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