4 Summit Drive # 414, Reading MA 01867

Reading, MA 01867
$412,000
Est. $2,193/month
1
Beds
1.5
Baths
817
Sq Ft
$504
Price/Sq Ft
0.00
Acres
1985
Year Built
Condominium
Type
11
Days on Market
Closed Listed Sep 27, 2025 • MLS# 73274554

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!

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.

Facts & Features

Property Overview

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

Interior Features

Flooring
Tile, Laminate
Heating
Heat Pump
Has Heating
Yes
Cooling
Heat Pump, Individual, Unit Control
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer, Plumbed For Ice Maker
Interior Features
Internet Available - Unknown
Laundry Features
In Unit, Electric Dryer Hookup, Washer Hookup
Basement Details
N

Exterior & Structure

Construction Materials
Brick
Roof
Rubber
Exterior Features
Balcony
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.00 acres
Lot Size
0 sq ft
Lot Size Area
0.0000

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Attached Garage
Yes
Has Carport
No
Total Non-Garage Parking Spaces
1
Parking Features
Under, Deeded, Common, Paved
Covered Parking Spaces
1

Utilities & Systems

Utilities Available
for Electric Range, for Electric Dryer, Washer Hookup, Icemaker Connection
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Security Features
Intercom
Energy Efficient Features
Thermostat

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School
HOA Fee
$595
HOA Fee Frequency
Monthly
Association Amenities
Hot Water, Elevator(s), Storage
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$3,405
Tax Year
2024
Tax Assessed Value
$290,500
Zoning
A

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Building Name
Summit Terrace Condominiums
Common Walls
No One Above, 2+ Common Walls
Attached Property
Yes
Disclosures
2019 Heat Pump, 2019 updated Kitchen. Remodeled main bath 2023. Laminate floors are all waterproof. Property is in public record as: 605 Summer Ave.U: 4-414, Reading. Garage spot #21. HOA includes all utilities except electric and cable.1 month's reserve due at closing from buyer. ("sales" handbook)
Exclusions
W/D Remain As Gifts.
Listing Terms
Contract

Location

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Neighborhood

4 Summit Drive # 414, Reading MA 01867

Reading, MA 01867

Walkability

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Schools

Middle School
Reading
Rating information coming soon
High School
Reading
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $284
Homeowners Insurance $200
HOA Fee $595
PMI $0

Property History

Market Insights

2.9%
Price Range
12
Total Days on Market

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

Price & Status History

Date Event Price Change
Aug 7, 2024 New Listing Added $399,900

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

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