Welcome home to this beautiful, quiet 4th floor Corner Unit condo in Reading at Summit Terrace. This recently painted, newly applianced 1,085 sq ft unit features 2 Spacious Bedrooms, 2 Full Baths, lots of closet space and a deeded underground garage parking spot which is especially convenient in poor weather! The open-concept layout, in addition to some full length windows, allows for wonderful natural light throughout. You will appreciate having a private outdoor balcony with charming flower boxes that provides the perfect spot to enjoy the air and pleasant views. With an additional assigned storage locker, central heating and central air, and an in-unit laundry this condo checks off all the boxes. It’s in an A+ location close to major highways, the commuter rail and everything that Reading and the Greater Boston area has to offer.
Sale Statistics
Sale Overview
Original List Price:$484,900
Final Sale Price:$462,500
Difference:
$22,400 (-4.6%)
Performance Metrics
95.4%
List to Sale Ratio
Sold below asking price
56
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft:$447
Sale $/sq ft:$426
This property sold for $426 per square foot
Sale Summary
This property sold for 4.6% below the original asking price.
The property spent 56 days on market before selling.
Facts & Features
Property Overview
Property Type
Condominium
Property Category
Residential
Year Built
1985
Bedrooms
2
Full Bathrooms
2
Living Area
1,085 sq ft
Total Rooms
4
Stories
1
Entry Level
4
Interior Features
Heating
Heat Pump
Has Heating
Yes
Cooling
Heat Pump
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Interior Features
Elevator
Laundry Features
In Unit, Electric Dryer Hookup, Washer Hookup
Basement Details
N
Accessibility Features
Accessible Entrance
Exterior & Structure
Construction Materials
Frame, Brick
Roof
Rubber
Exterior Features
Balcony, Professional Landscaping
Has Spa
No
Waterfront Property
No
Lot & Land
Parking & Garage
Garage Spaces
1
Has Garage
Yes
Attached Garage
Yes
Has Carport
No
Total Non-Garage Parking Spaces
1
Parking Features
Under, Garage Door Opener, Storage, Deeded, Common, Guest, Paved
Covered Parking Spaces
1
Utilities & Systems
Utilities Available
for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Security Features
Intercom
Community & HOA
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
HOA Fee
$767
HOA Fee Frequency
Monthly
Association Amenities
Hot Water, Elevator(s)
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$5,064
Tax Year
2025
Tax Assessed Value
$444,600
Zoning
a
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Building Name
Summit Terrace Condominium
Common Walls
Corner
Attached Property
Yes
Disclosures
Parking space assigned to unit 419 is parking garage level "L" space number 25. HOA includes all utilities except electric and cable.1 month's reserve due at closing from buyer. Public Record Address: 605 Summer Ave U4-419. No dogs allowed (except service dogs) per condo rules & regs
Location
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Neighborhood
4 Summit Dr # 419, 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$422
Homeowners Insurance$200
HOA Fee$767
PMI$0
Property History
Market Insights
3.6%
Price Range
57
Total Days on Market
Property Timeline
✓
Sold
Apr 30, 2025
$462,500
Property sold
Days on Market: 57
🏠
Listed for Sale
Feb 18, 2025
$479,900
Original listing
Agent: Brian Flynn TeamOffice: Coldwell Banker Realty - Lexington
