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4 Summit Drive # 415, Reading MA 01867

Reading, MA 01867
$340,000
Est. $2,763/month
1
Beds
1
Baths
683
Sq Ft
$498
Price/Sq Ft
1985
Year Built
8
Days on Market
Closed Listed Jun 15, 2022 • MLS# 72998053 Copied!

About this home

Charming, turnkey unit in a quintessential commuter location awaits you on 4 Summit Drive. Clean & modern, sunlight filled space offering everything you need! Newer hardwood flooring welcomes you in, featuring an updated kitchen, open concept living/dining space, updated bathroom, laundry in unit, walk-in closet, Nest thermostat, and newly updated heating system! Enjoy morning coffee and 5pm cocktails on your own private balcony space this summer. Extra storage and garage parking included! Enjoy easy access to 128 & 93, as well as close proximity to downtown Reading, where you can enjoy commuter rail access, coffee, dining, shopping, and more! Don’t miss your chance to take advantage of maintenance free living right in 01867!

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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
4

Sale Statistics

Sale Overview
Original List Price: $319,900
Final Sale Price: $340,000
Difference: +$20,100 (+6.3%)
Performance Metrics
106.3%
List to Sale Ratio
Sold above asking price
8
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $468
Sale $/sq ft: $498
This property sold for $498 per square foot
Sale Summary

This property sold for 6.3% above the original asking price, indicating strong buyer demand.

With only 8 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
$498/sq ft
Area Average
$237/sq ft
Difference
+110.0%

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, Natural Gas
Cooling Heat Pump
Flooring Wood, Tile
Appliances Range, Dishwasher, Refrigerator
Fireplace None
Basement N
Laundry Bathroom - Full, Fourth Floor, In Unit
Features None

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, Assigned
Total Spaces 1

Utilities

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

Financial

Annual Tax $3,914
Assessed Value $293,600

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry: Bathroom - Full, Fourth Floor, In Unit
Security:

Construction & Materials

Year Built: 1985
Structure Type: Garden
Exterior Materials: Brick
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Heat Pump, Natural Gas
Heating Zones: 1
Cooling: Heat Pump
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: 1
Parking Features: Under, Assigned

Location

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Neighborhood

4 Summit Drive # 415, 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 $326
Homeowners Insurance $200
HOA Fee $518/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

45.4%
Price Range
9
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Jul 29, 2022
$340,000
Property sold
Days on Market: 9
🏠
Listed for Sale
Jun 15, 2022
$319,900
Original listing
Agent: Jamie Conn Office: Classified Realty Group
Previous Transaction - MLS #71667475
Full transaction history available when tracking began
🏷️
Previously Sold
Aug 15, 2014
$185,500
MLS #71667475

Price & Status History

Date Event Price Change
Jun 15, 2022 New Listing Added $319,900
Aug 15, 2014 Sold $185,500

Market Statistics

Days on Market
8 days
Price per Sq Ft
$498

Tax History

Year Taxes Assessment
2022 $3,914 $293,600

Financial Details

Annual Property Tax
$3,914
Tax Year 2022
HOA Fee
$518
Monthly
Assessed Value
$293,600

Listing Information

Listing Agent Jamie Conn
Listing Office Classified Realty Group
Agent MLS ID CN209676
Office MLS ID AN1116
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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