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1 Summit Drive # 24, Reading MA 01867

Reading, MA 01867
$215,000
Est. $1,779/month
1
Beds
1
Baths
816
Sq Ft
$263
Price/Sq Ft
1970
Year Built
54
Days on Market
Closed Listed Nov 26, 2015 • MLS# 71936273 Copied!

About this home

Do you NEED two bedrooms, or do you just need SPACE? As large as some 2 bedroom units, this spacious (816') unit is an excellent opportunity to own at the desirable Summit Towers Condominium complex. Living room has 12' slider to balcony. Updated kitchen and bath. New fan coil heating units just installed. Walk-in closet. Condo fee includes: HEAT, WATER, HOT WATER, LANDSCAPING, PARKING, SNOW REMOVAL, EXTERIOR MAINTENANCE and POOL! You get a lot for your money at Summit Towers in addition to the convenience of the complex to Rtes 128 and 93. Common areas have recently been upgraded. Except for 2015 snow assessment, there have been no special assessments since 2011 and none planned for 2016. Last condo fee increase was 2009. No increase in 2016. Roofs on all three buildings under 10 years old. Ample parking, additional storage, elevator building. Excellent reserves and management! 87% owner occupancy!!

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Property Overview

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

Sale Statistics

Sale Overview
Original List Price: $225,000
Final Sale Price: $215,000
Difference: $10,000 (-4.4%)
Performance Metrics
95.6%
List to Sale Ratio
Sold below asking price
54
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $276
Sale $/sq ft: $263
This property sold for $263 per square foot
Sale Summary

This property sold for 4.4% below the original asking price.

The property spent 54 days on market before selling.

Nearby Sales Comparison

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

This Property
$263/sq ft
Area Average
$237/sq ft
Difference
+10.9%

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 816 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Central, Natural Gas, Individual, Unit Control, Fan Coil
Cooling Central Air
Flooring Tile, Carpet, Vinyl / Vct
Appliances Range, Dishwasher, Disposal, Refrigerator
Fireplace None
Basement N
Laundry Common Area, In Building
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
Total Spaces 2

Utilities

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

Financial

Annual Tax $2,340
Assessed Value $159,200

Interior Features

Flooring: Tile, Carpet, Vinyl / VCT
Appliances: Range, Dishwasher, Disposal, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry: Common Area, In Building
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, Individual, Unit Control, Fan Coil
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

Location

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Neighborhood

1 Summit Drive # 24, 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

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 $195
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

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

27.4%
Price Range
57
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #72661070
Full transaction history available when tracking began
🏷️
Previously Sold
Jul 1, 2020
$296,000
MLS #72661070
Sold
Feb 19, 2016
$215,000
Property sold
Days on Market: 57
🏠
Listed for Sale
Nov 26, 2015
$225,000
Original listing
Agent: Kathy Devine Office: Realty World Advantage

Price & Status History

Date Event Price Change
Jul 1, 2020 Sold $296,000
Nov 26, 2015 New Listing Added $225,000

Market Statistics

Days on Market
54 days
Price per Sq Ft
$263

Tax History

Year Taxes Assessment
2015 $2,340 $159,200

Financial Details

Annual Property Tax
$2,340
Tax Year 2015
HOA Fee
$297
Monthly
Assessed Value
$159,200

Listing Information

Listing Agent Kathy Devine
Listing Office Realty World Advantage
Agent MLS ID B0389168
Office MLS ID AN1025
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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