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4 Summit Drive # 311, Reading MA 01867

Reading, MA 01867
$305,000
Est. $2,508/month
1
Beds
1
Baths
683
Sq Ft
$447
Price/Sq Ft
1985
Year Built
21
Days on Market
Closed Listed Feb 13, 2021 • MLS# 72785611 Copied!

About this home

WELCOME TO SUMMIT DRIVE!!! Be a part of one of the Most Desirable Communities on the North Shore. This Bright One Bedroom Unit is Move-in Ready and offers open floor plan. Wood Flooring throughout and Tiled Bathroom. Laundry is conveniently located in Bathroom and includes stacked washer & dryer. Living Room opens to Spacious Balcony to enjoy the outdoors in warmer months. New Heat Pump installed 2/2021. Garage Parking, Convenient to Major Highways, Commuter Rail and all that the Reading Downtown has to offer. Don't delay! Make 4 Summit Drive your new address!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1985
Bedrooms
1
Full Bathrooms
1
Living Area
683 sq ft
Total Rooms
3
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $299,900
Final Sale Price: $305,000
Difference: +$5,100 (+1.7%)
Performance Metrics
101.7%
List to Sale Ratio
Sold above asking price
21
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $439
Sale $/sq ft: $447
This property sold for $447 per square foot
Sale Summary

This property sold for 1.7% above the original asking price, indicating strong buyer demand.

With only 21 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
$447/sq ft
Area Average
$237/sq ft
Difference
+88.5%

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

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1985
Living Area 683 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Forced Air
Cooling Central Air
Flooring None
Appliances Range, Dishwasher, Disposal, Microwave
Fireplace None
Basement N
Laundry Bathroom - Full, Third Floor, In Unit
Features None

Exterior

Construction None
Architecture None
Roof None
Features Balcony
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Off Street
Total Spaces 2

Utilities

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

Financial

Annual Tax $3,426
Assessed Value $248,100

Interior Features

Flooring:
Appliances: Range, Dishwasher, Disposal, Microwave
Interior Features:
Windows:
Basement: N
Laundry: Bathroom - Full, Third Floor, In Unit
Security:

Construction & Materials

Year Built: 1985
Structure Type: Mid-Rise
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air
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

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Under, Off Street

Location

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Neighborhood

4 Summit Drive # 311, 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
0.5 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
1.0 mi
Grades PK-08
M

Middle Schools

3 schools
A-
Galvin Middle School
1.3 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
A
Walter S Parker Middle School
1.5 mi | #62 of 352 | Score: 54.7
Dropped 26 spots from last year
-3.6 below state avg
467 students Moderate
Grades 06-08
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

2 schools
Nazareth Academy
1.4 mi
Grades 09-12
EMARC - Life Choices & Employment Services
1.4 mi
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 $286
Homeowners Insurance $200
HOA Fee $480/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

41.6%
Price Range
23
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Mar 31, 2021
$305,000
Property sold
Days on Market: 23
🏠
Listed for Sale
Feb 13, 2021
$299,900
Original listing
Agent: Mary Ann Quinn Group Office: Premier Realty Group, Inc.
Previous Transaction - MLS #71625010
Full transaction history available when tracking began
🏷️
Previously Sold
Apr 25, 2014
$178,000
MLS #71625010

Price & Status History

Date Event Price Change
Feb 13, 2021 New Listing Added $299,900
Apr 25, 2014 Sold $178,000

Market Statistics

Days on Market
21 days
Price per Sq Ft
$447

Tax History

Year Taxes Assessment
2021 $3,426 $248,100

Financial Details

Annual Property Tax
$3,426
Tax Year 2021
HOA Fee
$480
Per month
Assessed Value
$248,100

Listing Information

Listing Agent Mary Ann Quinn Group
Listing Office Premier Realty Group, Inc.
Agent MLS ID TM305137
Office MLS ID B95198
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

Real-time market trends and pricing data for this area

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