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1 Summit Drive # 22, Reading MA 01867

Reading, MA 01867
$250,000
Est. $2,030/month
1
Beds
1
Baths
813
Sq Ft
$308
Price/Sq Ft
1970
Year Built
13
Days on Market
Closed Listed Jul 15, 2017 • MLS# 72198544 Copied!

About this home

Large one bedroom unit at Summit Towers! Eat-in kitchen, large living room, one corner of which is often used as a dining area, and large bedroom with generous walk-in closet. Slider off living room opens to 12' balcony - plenty of room for a patio table and chairs to enjoy this summer. Building has an elevator, common laundry area, plenty of parking, extra storage, pool. Well managed and maintained complex with good reserves and high owner occupancy. Roofs on all three buildings are about 8 years old. Boilers in all three buildings have been replaced more recently.

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Public Records

Current Owner

Owner WHELAN ROBERT H
Mailing Address 609 SUMMER AVE, READING, MA, 01867

Land Use

Use Code 101
Description Single Family
Zoning S15
Style COLONIAL

Tax Information

Assessed Value $905,500
Tax Rate $12.38 per $1,000
Base Tax $11,210
CPA Surcharge 1.5% ($150)
Estimated Annual Tax $11,360

Assessment History

Year Land Building Total Change
FY2026 $403,500 $492,100 $905,500

Sale History

Date Price Book/Page
Aug 31, 1993 $138,000 23603/0223

Municipal Context: READING

Median Home Value $665,000
Avg SF Tax Bill $8,230
Residential Tax Rate $12.38/1000
CPA Surcharge 1.5%
County Middlesex
Match: geocode_proximity (82.9% confidence) · Data as of Mar 8, 2026

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
1
Full Bathrooms
1
Living Area
813 sq ft
Total Rooms
3
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $225,000
Final Sale Price: $250,000
Difference: +$25,000 (+11.1%)
Performance Metrics
111.1%
List to Sale Ratio
Sold above asking price
13
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $277
Sale $/sq ft: $308
This property sold for $308 per square foot
Sale Summary

This property sold for 11.1% above the original asking price, indicating strong buyer demand.

With only 13 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
$308/sq ft
Area Average
$237/sq ft
Difference
+29.9%

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 813 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Central, Natural Gas
Cooling Central Air
Flooring Tile, Carpet
Appliances Range, Dishwasher, Microwave, Refrigerator
Fireplace None
Basement N
Laundry None
Features None

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, Guest
Total Spaces 2

Utilities

Electric Circuit Breakers, 60 Amps/less
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $3,226
Assessed Value $229,900

Interior Features

Flooring: Tile, Carpet
Appliances: Range, Dishwasher, Microwave, Refrigerator
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry:
Security:

Construction & Materials

Year Built: 1970
Effective Year (Renovated): 1981
Structure Type: Garden, Mid-Rise
Exterior Materials: Frame
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Natural Gas
Heating Zones: 1
Cooling: Central Air
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: 2
Parking Features: Off Street, Common, Guest

Location

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Neighborhood

1 Summit Drive # 22, Reading MA 01867

Reading, MA 01867

Walkability

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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
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Monthly Payment Calculator

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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $269
Homeowners Insurance $200
HOA Fee $297/mo
PMI (if <20% down) $0

Loan Summary

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

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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

10%
Price Range
15
Total Days on Market

Property Timeline

Sold
Sep 21, 2017
$250,000
Property sold
Days on Market: 15
🏠
Listed for Sale
Jul 15, 2017
$225,000
Original listing
Agent: Kathy Devine Office: ERA Key Realty Services

Price & Status History

Date Event Price Change
Jul 15, 2017 New Listing Added $225,000

Market Statistics

Days on Market
13 days
Price per Sq Ft
$308

Tax History

Year Taxes Assessment
2017 $3,226 $229,900

Financial Details

Annual Property Tax
$3,226
Tax Year 2017
HOA Fee
$297
Per month
Assessed Value
$229,900

Listing Information

Listing Agent Kathy Devine
Listing Office ERA Key Realty Services
Agent MLS ID B0389168
Office MLS ID AN2773
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

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