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4 Summit Drive # 414, Reading MA 01867

Reading, MA 01867
$412,000
Est. $3,162/month
1
Beds
1.5
Baths
817
Sq Ft
$504
Price/Sq Ft
0.00
Acres
1985
Year Built
11
Days on Market
Closed Listed Aug 7, 2024 • MLS# 73274554 Copied!

About this home

Welcome to Summit Terrace in Reading! This modern one-bedroom unit features a beautifully updated galley-style kitchen with stainless steel appliances, quartzite countertops, and sleek white cabinetry. The waterproof wood-look laminate flooring is easy to clean and maintain, enhancing the unit’s appeal. Enjoy the convenience of an in-unit washer and dryer, making laundry a breeze. The open living and dining area plus half bath is perfect for entertaining. The bedroom includes a walk-in closet and connects to the recently remodeled full bathroom. There is a private balcony to enjoy the fresh air and a deeded storage unit in the lower level adds further space for large or seasonal items. Additionally, the unit comes with one deeded garage space, plus ample outdoor parking. Conveniently located just outside of Boston near shops, dining, and major highways, this unit offers the perfect blend of comfort and accessibility. Don’t miss the chance to make this your new home!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1985
Bedrooms
1
Full Bathrooms
1
Half Bathrooms
1
Living Area
817 sq ft
Total Rooms
5
Stories
6
Entry Level
4

Sale Statistics

Sale Overview
Original List Price: $399,900
Final Sale Price: $412,000
Difference: +$12,100 (+3.0%)
Performance Metrics
103.0%
List to Sale Ratio
Sold above asking price
11
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $489
Sale $/sq ft: $504
This property sold for $504 per square foot
Sale Summary

This property sold for 3.0% above the original asking price, indicating strong buyer demand.

With only 11 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
$504/sq ft
Area Average
$237/sq ft
Difference
+112.5%

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 817 sq ft
Lot Size 0.0000
Bedrooms 1
Full Baths 1
Half Baths 1
Total Rooms 5

Interior

Heating Heat Pump
Cooling Heat Pump, Individual, Unit Control
Flooring Tile, Laminate
Appliances Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer, Plumbed For Ice Maker
Fireplace None
Basement N
Laundry In Unit, Electric Dryer Hookup, Washer Hookup
Features Internet Available - Unknown

Exterior

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

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Deeded, Common, Paved
Total Spaces 2

Utilities

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

Financial

Annual Tax $3,405
Assessed Value $290,500

Interior Features

Flooring: Tile, Laminate
Appliances: Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer, Plumbed For Ice Maker
Interior Features: Internet Available - Unknown
Windows:
Basement: N
Laundry: In Unit, Electric Dryer Hookup, Washer Hookup
Security: Intercom

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Heat Pump
Heating Zones: 1
Cooling: Heat Pump, Individual, Unit Control
Cooling Zones: 1
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

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Under, Deeded, Common, Paved

Location

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Neighborhood

4 Summit Drive # 414, 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
1.4 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
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 $284
Homeowners Insurance $200
HOA Fee $595/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

41.7%
Price Range
12
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Sep 13, 2024
$412,000
Property sold
Days on Market: 12
🏠
Listed for Sale
Aug 7, 2024
$399,900
Original listing
Agent: Louise Touchette Team Office: Coldwell Banker Realty - Lynnfield
Previous Transaction - MLS #72519633
Full transaction history available when tracking began
🏷️
Previously Sold
Aug 12, 2019
$240,000
MLS #72519633

Price & Status History

Date Event Price Change
Aug 7, 2024 New Listing Added $399,900
Aug 12, 2019 Sold $240,000

Market Statistics

Days on Market
11 days
Price per Sq Ft
$504

Tax History

Year Taxes Assessment
2024 $3,405 $290,500

Financial Details

Annual Property Tax
$3,405
Tax Year 2024
HOA Fee
$595
Monthly
Assessed Value
$290,500

Listing Information

Listing Agent Louise Touchette Team
Listing Office Coldwell Banker Realty - Lynnfield
Agent MLS ID TM350730
Office MLS ID AN6219
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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