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3 Summit # B2, Reading MA 01867

Reading, MA 01867
$136,000
Est. $1,354/month
1
Beds
1
Baths
785
Sq Ft
$173
Price/Sq Ft
1971
Year Built
186
Days on Market
Closed Listed Jul 20, 2012 • MLS# 71411947 Copied!

About this home

Oak cabinet kitchen with good counter space. Huge walk-in pantry! Large bedroom with walk-in closet. Large, screened-in balcony with wooded view. Unit needs work - painting and carpeting. FHA approved complex with high owner occupancy and excellent reserves. Well managed and maintained. It's a great opportunity to go from tenant to owner! Master deed Unit 8

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1971
Bedrooms
1
Full Bathrooms
1
Living Area
785 sq ft
Total Rooms
3
Stories
1
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $165,000
Final Sale Price: $136,000
Difference: $29,000 (-17.6%)
Performance Metrics
82.4%
List to Sale Ratio
Sold below asking price
186
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $210
Sale $/sq ft: $173
This property sold for $173 per square foot
Sale Summary

This property sold for 17.6% below the original asking price.

At 186 days on market, this property took longer than average to sell.

Nearby Sales Comparison

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

This Property
$173/sq ft
Area Average
$237/sq ft
Difference
27.0%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1971
Living Area 785 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Central, Natural Gas
Cooling Central Air
Flooring None
Appliances Range, 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, Guest
Total Spaces 1

Utilities

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

Financial

Annual Tax $2,159
Assessed Value $152,600

Interior Features

Flooring:
Appliances: Range, Disposal, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry: Common Area, In Building
Security: Intercom

Construction & Materials

Year Built: 1971
Effective Year (Renovated): 1980
Structure Type: Garden
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: 1
Parking Features: Off Street, Common, Guest

Location

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Neighborhood

3 Summit # B2, 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
0.8 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
St. Joseph Elementary School
1.1 mi
Grades PK-08
M

Middle Schools

3 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-
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
B+
Stoneham Central Middle School
1.7 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

3 schools
Nazareth Academy
1.4 mi
Grades 09-12
EMARC - Life Choices & Employment Services
1.5 mi
Grades 09-12
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 $180
Homeowners Insurance $200
HOA Fee $286/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

2.9%
Price Range
193
Total Days on Market

Property Timeline

Sold
Feb 28, 2013
$136,000
Property sold
Days on Market: 193
🏠
Listed for Sale
Jul 20, 2012
$140,000
Original listing
Agent: Kathy Devine Office: Summit Real Estate

Price & Status History

Date Event Price Change
Jul 20, 2012 New Listing Added $140,000

Market Statistics

Days on Market
186 days
Price per Sq Ft
$173

Tax History

Year Taxes Assessment
2012 $2,159 $152,600

Financial Details

Annual Property Tax
$2,159
Tax Year 2012
HOA Fee
$286
Monthly
Assessed Value
$152,600

Listing Information

Listing Agent Kathy Devine
Listing Office Summit Real Estate
Agent MLS ID B0389168
Office MLS ID B70006
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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