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4 Summit Drive # 413, Reading MA 01867

Reading, MA 01867
$337,500
Est. $2,740/month
1
Beds
1
Baths
683
Sq Ft
$494
Price/Sq Ft
1985
Year Built
67
Days on Market
Closed Listed Aug 7, 2025 • MLS# 73415072 Copied!

About this home

Welcome to this bright, spacious one bedroom condominium at Summit Terrace. This neat and efficient unit has an open floor plan, making it feel larger than its square footage. Situated on the 4th floor you can enjoy a nice view of the woods from your private balcony. The in-unit laundry and an elevator to a parking space is an added bonus to this condo! A personal storage space is located on level G. Just minutes from major highways, Reading's growing downtown and the commuter rail make this a desirable and sought after location.

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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
6
Entry Level
4

Sale Statistics

Sale Overview
Original List Price: $389,900
Final Sale Price: $337,500
Difference: $52,400 (-13.4%)
Performance Metrics
86.6%
List to Sale Ratio
Sold below asking price
67
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $571
Sale $/sq ft: $494
This property sold for $494 per square foot
Sale Summary

This property sold for 13.4% below the original asking price.

The property spent 67 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
$494/sq ft
Area Average
$237/sq ft
Difference
+108.3%

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 683 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Heat Pump
Cooling Heat Pump
Flooring Tile, Laminate
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry Electric Dryer Hookup, Washer Hookup, First Floor, In Unit
Features Dining Area, Open Floorplan, Living/dining Rm Combo, Elevator

Exterior

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

Parking

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

Utilities

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

Financial

Annual Tax $3,600
Assessed Value $316,100

Interior Features

Flooring: Tile, Laminate
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Dining Area, Open Floorplan, Living/Dining Rm Combo, Elevator
Windows: Insulated Windows
Basement: N
Laundry: Electric Dryer Hookup, Washer Hookup, First Floor, In Unit
Security: Intercom

Construction & Materials

Year Built: 1985
Structure Type: Garden, Mid-Rise
Exterior Materials: Frame, Brick
Roof: Rubber
Foundation:
Stories: 6

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: Thermostat

Exterior & Lot

Exterior Features: Balcony - Exterior, 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, Garage Door Opener, Storage, Deeded, Off Street, Common, Guest, Paved

Location

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Neighborhood

4 Summit Drive # 413, 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 $300
Homeowners Insurance $200
HOA Fee $533/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

3.5%
Price Range
68
Total Days on Market

Property Timeline

Sold
Oct 22, 2025
$337,500
Property sold
Days on Market: 68
🏠
Listed for Sale
Aug 7, 2025
$349,900
Original listing
Agent: Mary Ann Quinn Group Office: Wilson Wolfe Real Estate

Price & Status History

Date Event Price Change
Aug 7, 2025 New Listing Added $349,900

Market Statistics

Days on Market
67 days
Price per Sq Ft
$494

Tax History

Year Taxes Assessment
2025 $3,600 $316,100

Financial Details

Annual Property Tax
$3,600
Tax Year 2025
HOA Fee
$533
Monthly
Assessed Value
$316,100

Listing Information

Listing Agent Mary Ann Quinn Group
Listing Office Wilson Wolfe Real Estate
Agent MLS ID TM305137
Office MLS ID AN8712
Listing Data Updated Oct 22, 2025 2:00 PM EDT
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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