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3 Summit Drive # 32, Reading MA 01867

Reading, MA 01867
$240,000
Est. $1,928/month
1
Beds
1
Baths
776
Sq Ft
$309
Price/Sq Ft
1970
Year Built
15
Days on Market
Closed Listed Jun 22, 2017 • MLS# 72187383 Copied!

About this home

Fantastic move-in ready one bedroom unit in building 3 at popular Summit Towers. You'll love the space and flexible floor plan that this unit offers along with a freshly painted interior and new carpeting throughout. The eat-in kitchen features wood cabinets, stainless appliances and laminate flooring. A sizable living room which opens to the balcony can also accomodate a dining area. Full bath features Toto toilet, white tile floor, 3 piece surround and white cabinet/sink. Newer heating/cooling units with digital thermostats. Storage unit in basement. Building has newer washer/dryer units and Boiler. Very well maintained complex with high 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
776 sq ft
Total Rooms
3
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $224,900
Final Sale Price: $240,000
Difference: +$15,100 (+6.7%)
Performance Metrics
106.7%
List to Sale Ratio
Sold above asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $290
Sale $/sq ft: $309
This property sold for $309 per square foot
Sale Summary

This property sold for 6.7% above the original asking price, indicating strong buyer demand.

With only 15 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

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

This Property
$309/sq ft
Area Average
$237/sq ft
Difference
+30.3%

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 776 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Central, Forced Air, Natural Gas, Unit Control, Fan Coil
Cooling Central Air, Unit Control, Fan Coil
Flooring Tile, Carpet, Laminate
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement N
Laundry In Building
Features None

Exterior

Construction None
Architecture None
Roof Rubber
Features Balcony
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Common, Guest, Paved
Total Spaces 2

Utilities

Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven

Financial

Annual Tax $2,869
Assessed Value $204,500

Interior Features

Flooring: Tile, Carpet, Laminate
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: In Building
Security: Intercom

Construction & Materials

Year Built: 1970
Structure Type: Mid-Rise
Exterior Materials:
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Forced Air, Natural Gas, Unit Control, Fan Coil
Heating Zones: 2
Cooling: Central Air, Unit Control, Fan Coil
Cooling Zones: 2
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

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, Guest, Paved

Location

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Neighborhood

3 Summit Drive # 32, 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
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
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
1.6 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

3 schools
Nazareth Academy
1.4 mi
Grades 09-12
EMARC - Life Choices & Employment Services
1.4 mi
Grades 09-12
A
Reading Memorial High School
2.0 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 $239
Homeowners Insurance $200
HOA Fee $275/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

6.3%
Price Range
16
Total Days on Market

Property Timeline

Sold
Jul 19, 2017
$240,000
Property sold
Days on Market: 16
🏠
Listed for Sale
Jun 22, 2017
$224,900
Original listing
Agent: Marjorie Falla Office: RE/MAX Leading Edge

Price & Status History

Date Event Price Change
Jun 22, 2017 New Listing Added $224,900

Market Statistics

Days on Market
15 days
Price per Sq Ft
$309

Tax History

Year Taxes Assessment
2017 $2,869 $204,500

Financial Details

Annual Property Tax
$2,869
Tax Year 2017
HOA Fee
$275
Monthly
Assessed Value
$204,500

Listing Information

Listing Agent Marjorie Falla
Listing Office RE/MAX Leading Edge
Agent MLS ID B0466938
Office MLS ID AN0156
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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