Pristine, single-level 5th floor condominium offers a perfect blend of comfort, convenience, and breathtaking views. With 1,075 square feet of living space, this home is bathed in wonderful natural light, creating a warm and inviting atmosphere. The open-concept living/dining room is ideal for entertaining or relaxing. Step outside onto your private northeast-facing balcony, where you can enjoy your morning coffee or unwind in the evening while taking in the picturesque views. This serene outdoor space is shielded from traffic noise and wind, providing a peaceful retreat.The primary bedroom is a true sanctuary, complete with an en-suite bathroom that offers convenience and privacy. The second bedroom is equally spacious, perfect for guests, a home office, or a cozy den. Additional amenities include secure parking, storage and in-unit laundry. Nestled in an excellent location, this condominium is just minutes away from major highways and just a short 20 minute drive to Boston.
Sale Statistics
Sale Overview
Original List Price:$469,000
Final Sale Price:$485,000
Difference:
+$16,000 (+3.4%)
Performance Metrics
103.4%
List to Sale Ratio
Sold above asking price
4
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft:$436
Sale $/sq ft:$451
This property sold for $451 per square foot
Sale Summary
This property sold for 3.4% above the original asking price, indicating strong buyer demand.
With only 4 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
2
Full Bathrooms
2
Living Area
1,075 sq ft
Total Rooms
4
Stories
1
Entry Level
5
Interior Features
Flooring
Tile, Vinyl, Carpet, Flooring - Wall to Wall Carpet
Under, Garage Door Opener, Storage, Deeded, Assigned, Common, Guest
Covered Parking Spaces
1
Utilities & Systems
Utilities Available
for Electric Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Security Features
Intercom
Community & HOA
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Highway Access
HOA Fee
$752
HOA Fee Frequency
Monthly
Association Amenities
Hot Water, Elevator(s)
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$4,165
Tax Year
2024
Tax Assessed Value
$355,400
Parcel Number
M:008.007570103.0
Zoning
A
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Building Name
Summit Terrace Condominium
Common Walls
2+ Common Walls
Attached Property
Yes
Disclosures
Garage spot #14. HOA includes all utilities except electric and cable.1 month's reserve due at closing from buyer. Public Record Address: 605 Summer Ave U4-508. No dogs allowed (except service dogs) per condo rules & regs
Location
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Neighborhood
4 Summit Drive # 508, Reading MA 01867
Reading, MA 01867
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$347
Homeowners Insurance$200
HOA Fee$752
PMI$0
Property History
Market Insights
3.3%
Price Range
5
Total Days on Market
Property Timeline
✓
Sold
Dec 23, 2024
$485,000
Property sold
Days on Market: 5
🏠
Listed for Sale
Oct 30, 2024
$469,000
Original listing
Agent: Lisa SantilliOffice: Classified Realty Group
