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4 Summit Dr # 419, Reading MA 01867

Reading, MA 01867
$462,500
Est. $3,728/month
2
Beds
2
Baths
1,085
Sq Ft
$426
Price/Sq Ft
1985
Year Built
56
Days on Market
Closed Listed Feb 18, 2025 • MLS# 73336022 Copied!

About this home

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.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1985
Bedrooms
2
Full Bathrooms
2
Living Area
1,085 sq ft
Total Rooms
4
Stories
1
Entry Level
4

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.

Nearby Sales Comparison

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

This Property
$426/sq ft
Area Average
$237/sq ft
Difference
+79.6%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Condominium
Year Built 1985
Living Area 1,085 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Heat Pump
Cooling Heat Pump
Flooring None
Appliances Range, Dishwasher, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry In Unit, Electric Dryer Hookup, Washer Hookup
Features Elevator

Exterior

Construction Frame, Brick
Architecture None
Roof Rubber
Features Balcony, Professional Landscaping
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Garage Door Opener, Storage, Deeded, Common, Guest, Paved
Total Spaces 2

Utilities

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

Financial

Annual Tax $5,064
Assessed Value $444,600

Interior Features

Flooring:
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
Interior Features: Elevator
Windows:
Basement: N
Laundry: In Unit, Electric Dryer Hookup, Washer Hookup
Security: Intercom

Construction & Materials

Year Built: 1985
Structure Type: Mid-Rise
Exterior Materials: Frame, Brick
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Heat Pump
Heating Zones: 1
Cooling: Heat Pump
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony, Professional Landscaping
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Under, Garage Door Opener, Storage, Deeded, Common, Guest, Paved

Location

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Neighborhood

4 Summit Dr # 419, Reading MA 01867

Reading, MA 01867

Walkability

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Nearby Schools

School information not available for this location.

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 $422
Homeowners Insurance $200
HOA Fee $767/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

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 Team Office: Coldwell Banker Realty - Lexington

Price & Status History

Date Event Price Change
Feb 18, 2025 New Listing Added $479,900

Market Statistics

Days on Market
56 days
Price per Sq Ft
$426

Tax History

Year Taxes Assessment
2025 $5,064 $444,600

Financial Details

Annual Property Tax
$5,064
Tax Year 2025
HOA Fee
$767
Monthly
Assessed Value
$444,600

Listing Information

Listing Agent Brian Flynn Team
Listing Office Coldwell Banker Realty - Lexington
Agent MLS ID TM328851
Office MLS ID AN6216
Listing Data Updated Apr 30, 2025 5:49 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Reading, MA

Real-time market trends and pricing data for this area

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