BMN Boston

Get our mobile app!

Download on the App Store

1 Summit Dr # 58, Reading MA 01867

Reading, MA 01867
$307,000
Est. $2,409/month
2
Beds
2
Baths
1,070
Sq Ft
$287
Price/Sq Ft
1970
Year Built
19
Days on Market
Closed Listed Jun 22, 2016 • MLS# 72026827 Copied!

About this home

NOTHING TO DO BUT UNPACK. Rarely available 2 bed, 2 bath unit in the sought after Summit Towers complex. Not only a great place to live, but a great investment opportunity as well. The increasingly rare chance to buy into the red hot Reading market for under $300,000. This spectacular unit has been lovingly maintained by the current owners. One of the best kitchens you will find in the entire complex. It features gleaming hardwoods, tasteful backsplash, handsome granite, recessed lighting, and beautiful cabinetry. Open concept dining/living area leads to a private balcony with a birds-eye view of the trees. Tastefully updated bathrooms include granite-topped vanities and ceramic tile, and the master bedroom has plenty of closet space. Owner has just replaced the heating/cooling units and will be paying off in full for the buyers prior to closing. This one is priced to sell and will not last.

View in the App

Save this property, schedule tours instantly, and get alerts when the price drops

Scan to download BMN Boston app Scan with phone
Get the full experience in the BMN Boston app

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
2
Full Bathrooms
2
Living Area
1,070 sq ft
Total Rooms
5
Stories
1
Entry Level
5

Sale Statistics

Sale Overview
Original List Price: $289,000
Final Sale Price: $307,000
Difference: +$18,000 (+6.2%)
Performance Metrics
106.2%
List to Sale Ratio
Sold above asking price
19
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $270
Sale $/sq ft: $287
This property sold for $287 per square foot
Sale Summary

This property sold for 6.2% above the original asking price, indicating strong buyer demand.

With only 19 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
$287/sq ft
Area Average
$237/sq ft
Difference
+21.0%

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 1,070 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Central, Natural Gas, Unit Control
Cooling Central Air
Flooring Wood, Tile, Carpet
Appliances Range
Fireplace None
Basement N
Laundry Common Area, In Building
Features None

Exterior

Construction Brick
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Common
Total Spaces 2

Utilities

Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $3,207
Assessed Value $221,200

Interior Features

Flooring: Wood, Tile, Carpet
Appliances: Range
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: Common Area, In Building
Security: Intercom

Construction & Materials

Year Built: 1970
Structure Type: Mid-Rise
Exterior Materials: Brick
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

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

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Common

Location

Loading map...

Neighborhood

1 Summit Dr # 58, Reading MA 01867

Reading, MA 01867

Walkability

Loading Walk Score...

Nearby Schools

School District
Reading School District local
A
School Safety 2024-25
0.4% Low
0.4% Suspensions 0.2% In-School
5.1% below state avg
E

Elementary Schools

6 schools
A
Joshua Eaton School
0.8 mi | #93 of 824 | Score: 59.7
Improved 34 spots from last year
+1.5 above state avg
388 students Moderate
Rising School Strong Attendance
Grades K-05
A
Alice M Barrows School
1.6 mi | #158 of 824 | Score: 56.8
Dropped 82 spots from last year
-1.5 below state avg
365 students Less Diverse
Strong Attendance
Grades K-05
RISE PreSchool
1.9 mi
116 students Moderate
Grades PK
A-
Birch Meadow School
2.1 mi | #240 of 824 | Score: 52.9
Dropped 160 spots from last year
-5.3 below state avg
359 students Moderate
Strong Attendance
Grades K-05
A
J. Warren Killam Elementary School
2.2 mi | #94 of 824 | Score: 59.7
Improved 18 spots from last year
+1.5 above state avg
406 students Moderate
Strong Attendance
Grades K-05
B+
Wood End Elementary School
3.1 mi | #275 of 824 | Score: 51.6
Dropped 192 spots from last year
-6.6 below state avg
236 students Less Diverse
Strong Attendance
Grades K-05
M

Middle Schools

2 schools
A
Walter S Parker Middle School
1.3 mi | #62 of 352 | Score: 54.7
Dropped 26 spots from last year
-3.6 below state avg
467 students Moderate
Grades 06-08
A
Arthur W Coolidge Middle School
2.1 mi | #43 of 352 | Score: 58.1
Improved 32 spots from last year
-0.1 below state avg
405 students Less Diverse
Rising School Strong Attendance
Grades 06-08
H

High Schools

2 schools
Austin Prep School
2.1 mi
Grades 06-12
A
Reading Memorial High School
1.9 mi | #65 of 346 | Score: 65.1
Dropped 5 spots from last year
+6.8 above state avg
1,094 students Less Diverse
18 sports • 2,420 athletes
Strong AP Program High Graduation Rate College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings

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 $267
Homeowners Insurance $200
HOA Fee $389/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

5.9%
Price Range
24
Total Days on Market

Property Timeline

Sold
Aug 15, 2016
$307,000
Property sold
Days on Market: 24
🏠
Listed for Sale
Jun 22, 2016
$289,000
Original listing
Agent: Andrew McCaul

Price & Status History

Date Event Price Change
Jun 22, 2016 New Listing Added $289,000

Market Statistics

Days on Market
19 days
Price per Sq Ft
$287

Tax History

Year Taxes Assessment
2016 $3,207 $221,200

Financial Details

Annual Property Tax
$3,207
Tax Year 2016
HOA Fee
$389
Monthly
Assessed Value
$221,200

Listing Information

Listing Agent Andrew McCaul
Listing Office Aspen Realty Group LLC
Agent MLS ID CT008114
Office MLS ID AN1982
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Reading, MA

Real-time market trends and pricing data for this area

1 Summit Dr # 58, Reading MA 01867 - Photo 1 1 Summit Dr # 58, Reading MA 01867 - Photo 2 1 Summit Dr # 58, Reading MA 01867 - Photo 3 1 Summit Dr # 58, Reading MA 01867 - Photo 4 1 Summit Dr # 58, Reading MA 01867 - Photo 5 1 Summit Dr # 58, Reading MA 01867 - Photo 6 1 Summit Dr # 58, Reading MA 01867 - Photo 7 1 Summit Dr # 58, Reading MA 01867 - Photo 8 1 Summit Dr # 58, Reading MA 01867 - Photo 9 1 Summit Dr # 58, Reading MA 01867 - Photo 10 1 Summit Dr # 58, Reading MA 01867 - Photo 11 1 Summit Dr # 58, Reading MA 01867 - Photo 12 1 Summit Dr # 58, Reading MA 01867 - Photo 13 1 Summit Dr # 58, Reading MA 01867 - Photo 14 1 Summit Dr # 58, Reading MA 01867 - Photo 15 1 Summit Dr # 58, Reading MA 01867 - Photo 16 1 Summit Dr # 58, Reading MA 01867 - Photo 17
BMN Boston Real Estate

BMN Boston Real Estate

Douglas Elliman

Schedule a Tour