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1 Summit Drive # 24, Reading MA 01867

Reading, MA 01867
$296,000
Est. $2,267/month
1
Beds
1
Baths
816
Sq Ft
$363
Price/Sq Ft
1970
Year Built
37
Days on Market
Closed Listed May 24, 2020 • MLS# 72661070 Copied!

About this home

SPACIOUS (816') unit is an excellent opportunity to own at the desirable Summit Towers Condominium complex. This LARGE one bedroom condo unit with hardwood floors has an over sized Living room with HUGE twelve-foot slider doors that do not just give you a lot of natural light, but also provide access to your own private balcony. Nicely updated kitchen, and enough room to set up a two-person sweetheart table as an eat-in kitchen option. Large walk-in closet with built-in organizer. New fan coil heating/AC unit installed in 2016. In-building Laundromat. Well maintained Swimming pool with many trees around, open from memorial day to labor day is a big plus. Condo fee includes: HEAT, HOT WATER, LANDSCAPING, PARKING, SNOW REMOVAL and POOL! In addition to the convenience of the complex to Rtes 128 and 93. Common areas have recently been upgraded. Last condo fee increase was 2009. Roofs on all three buildings under 10 years old. Ample parking, additional storage, elevator building.

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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: $285,000
Final Sale Price: $296,000
Difference: +$11,000 (+3.9%)
Performance Metrics
103.9%
List to Sale Ratio
Sold above asking price
37
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $349
Sale $/sq ft: $363
This property sold for $363 per square foot
Sale Summary

This property sold for 3.9% above the original asking price, indicating strong buyer demand.

The property spent 37 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
$363/sq ft
Area Average
$237/sq ft
Difference
+53.1%

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
Cooling Central Air
Flooring Tile, Carpet, Vinyl / Vct
Appliances Range, Dishwasher, Refrigerator, Freezer
Fireplace None
Basement N
Laundry In Basement, Common Area, In Building
Features None

Exterior

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

Parking

Features Off Street
Total Spaces 2

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $3,280
Assessed Value $233,900

Interior Features

Flooring: Tile, Carpet, Vinyl / VCT
Appliances: Range, Dishwasher, Refrigerator, Freezer
Interior Features:
Windows:
Basement: N
Laundry: In Basement, Common Area, In Building
Security:

Construction & Materials

Year Built: 1970
Effective Year (Renovated): 1981
Structure Type: Garden
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central
Cooling: Central Air
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

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

3 schools
B+
Walton School
0.6 mi | #293 of 824 | Score: 51.0
Improved 131 spots from last year
-7.3 below state avg
218 students Less Diverse
Rising School
Grades K-04
A
Joshua Eaton School
0.9 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
St. Joseph Elementary School
1.1 mi
Grades PK-08
M

Middle Schools

3 schools
A-
Galvin Middle School
1.4 mi | #79 of 352 | Score: 52.1
Improved 5 spots from last year
-6.1 below state avg
1,056 students Moderate
Strong Attendance
Grades 05-08
A
Walter S Parker Middle School
1.4 mi | #62 of 352 | Score: 54.7
Dropped 26 spots from last year
-3.6 below state avg
467 students Moderate
Grades 06-08
B+
Stoneham Central Middle School
1.6 mi | #132 of 352 | Score: 46.3
Dropped 33 spots from last year
-11.9 below state avg
689 students Moderate
Grades 05-08
H

High Schools

2 schools
Nazareth Academy
1.4 mi
Grades 09-12
EMARC - Life Choices & Employment Services
1.5 mi
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 $273
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
22
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Jul 1, 2020
$296,000
Property sold
Days on Market: 22
🏠
Listed for Sale
May 24, 2020
$285,000
Original listing
Agent: Sandy Habashy Office: LAER Realty Partners
Previous Transaction - MLS #71936273
Full transaction history available when tracking began
🏷️
Previously Sold
Feb 19, 2016
$215,000
MLS #71936273

Price & Status History

Date Event Price Change
May 24, 2020 New Listing Added $285,000
Feb 19, 2016 Sold $215,000

Market Statistics

Days on Market
37 days
Price per Sq Ft
$363

Tax History

Year Taxes Assessment
2019 $3,280 $233,900

Financial Details

Annual Property Tax
$3,280
Tax Year 2019
HOA Fee
$297
Monthly
Assessed Value
$233,900

Listing Information

Listing Agent Sandy Habashy
Listing Office LAER Realty Partners
Agent MLS ID CN212466
Office MLS ID AN1207
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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