1 Summit Drive # 62, Reading MA 01867

Reading, MA 01867
$380,000
Est. $2,023/month
1
Beds
1
Baths
830
Sq Ft
$458
Price/Sq Ft
1970
Year Built
Condominium
Type
14
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73145597

About this home

Enjoy the penthouse view and the amenities this large one bedroom unit has to offer starting with the large, private, screened in balcony off the living room. The kitchen is cabinet packed and has a large island with 2 stools, ceramic tile flooring and a new SS stove! Large bedroom boasts a walk-in closet. The bath was redone a few years ago. The living room is set up so that a dining area can be arranged if the eat in kitchen does not meet your need to accomodate more than two diners! Carpet in living room needs replacement. Other than that, the unit is in move in condition. Additional parking in basement, in-ground pool, new laundry equipment and ample parking are all a 'plus'. Open Houses are NOT allowed. So, make an appointment!

Sale Statistics

Sale Overview
Original List Price: $359,900
Final Sale Price: $380,000
Difference: +$20,100 (+5.6%)
Performance Metrics
105.6%
List to Sale Ratio
Sold above asking price
14
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $434
Sale $/sq ft: $458
This property sold for $458 per square foot
Sale Summary

This property sold for 5.6% above the original asking price, indicating strong buyer demand.

With only 14 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1970
Bedrooms
1
Full Bathrooms
1
Living Area
830 sq ft
Total Rooms
3
Stories
1
Entry Level
6

Interior Features

Flooring
Tile, Carpet
Heating
Central, Natural Gas, Unit Control, Fan Coil
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Microwave, Refrigerator
Laundry Features
Common Area, In Building
Basement Details
N

Exterior & Structure

Construction Materials
Frame
Roof
Tar/Gravel
Exterior Features
Balcony
Has Spa
No
Pool Features
Association
Waterfront Property
No

Lot & Land

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Off Street, Common

Utilities & Systems

Utilities Available
for Electric Range, for Electric Oven
Water Source
Public
Sewer
Public Sewer
Electric
60 Amps/Less
Security Features
Intercom

Community & HOA

Community Features
Shopping, Pool
HOA Fee
$356
Association Amenities
Hot Water, Pool, Laundry, Elevator(s)
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$4,082
Tax Year
2023
Tax Assessed Value
$324,000
Zoning
A80

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Building Name
Summit Towers Condominuim
Common Walls
No One Above

Location

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Neighborhood

1 Summit Drive # 62, Reading MA 01867

Reading, MA 01867

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $340
Homeowners Insurance $200
HOA Fee $356
PMI $0

Property History

Market Insights

14.3%
Price Range
15
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73397824
Full transaction history available when tracking began
🏷️
Previously Sold
Aug 15, 2025
$420,000
MLS #73397824
Sold
Nov 16, 2023
$380,000
Property sold
Days on Market: 15
🏠
Listed for Sale
Aug 7, 2023
$359,900
Original listing
Agent: Kathy Devine Office: ERA Key Realty Services

Price & Status History

Date Event Price Change
Aug 15, 2025 Sold $420,000
Aug 7, 2023 New Listing Added $359,900

Market Statistics

Days on Market
14 days
Price per Sq Ft
$458

Tax History

Year Taxes Assessment
2023 $4,082 $324,000

Financial Details

Annual Property Tax
$4,082
Tax Year 2023
HOA Fee
$356
Per month
Assessed Value
$324,000

Listing Information

Listing Agent Kathy Devine
Listing Office ERA Key Realty Services
Agent MLS ID B0389168
Office MLS ID AC1820

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