This spacious one bedroom unit at desirable Sumit Towers awaits your personal touches. The eat-in kitchen features the new style: upper and lower cabinets painted different colors, and has a tile floor. The living room has a slider to a spacious balcony with an elevated view even though the unit is on the first floor! The living room features a wood floor and the bedroom has wood look vinyl plank flooring. The additional storage in the building, in-ground pool, and laundry room with new equipmentare all 'pluses'. Open Houses are NOT allowed. So, make an appointment!
Sale Statistics
Sale Overview
Original List Price:$350,000
Final Sale Price:$367,500
Difference:
+$17,500 (+5.0%)
Performance Metrics
105.0%
List to Sale Ratio
Sold above asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$448
Sale $/sq ft:$470
This property sold for $470 per square foot
Sale Summary
This property sold for 5.0% above the original asking price, indicating strong buyer demand.
With only 18 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
782 sq ft
Total Rooms
3
Stories
1
Entry Level
2
Interior Features
Flooring
Tile, Vinyl
Heating
Central, Forced Air, Natural Gas, Unit Control, Fan Coil
Has Heating
Yes
Cooling
Central Air, Unit Control
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Refrigerator
Basement Details
N
Exterior & Structure
Construction Materials
Frame
Roof
Tar/Gravel
Exterior Features
Balcony
Has Spa
No
Pool Features
Association, In Ground
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
$330
Association Amenities
Hot Water, Pool, Laundry, Elevator(s)
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$3,715
Tax Year
2023
Tax Assessed Value
$295,100
Zoning
A80
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Building Name
Summit Towers
Disclosures
Seller has not occupied the property
Location
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Neighborhood
3 Summit # 18, 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$310
Homeowners Insurance$200
HOA Fee$330
PMI$0
Property History
Market Insights
4.8%
Price Range
19
Total Days on Market
Property Timeline
✓
Sold
Sep 21, 2023
$367,500
Property sold
Days on Market: 19
🏠
Listed for Sale
Aug 7, 2023
$350,000
Original listing
Agent: Kathy DevineOffice: ERA Key Realty Services
