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4 Summit Drive # 508, Reading MA 01867

Reading, MA 01867
$485,000
Est. $3,752/month
2
Beds
2
Baths
1,075
Sq Ft
$451
Price/Sq Ft
1985
Year Built
4
Days on Market
Closed Listed Oct 30, 2024 • MLS# 73307866 Copied!

About this home

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.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1985
Bedrooms
2
Full Bathrooms
2
Living Area
1,075 sq ft
Total Rooms
4
Stories
1
Entry Level
5

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.

Nearby Sales Comparison

Based on 6 similar properties sold within 0.5 miles in the last 90 days

This Property
$451/sq ft
Area Average
$237/sq ft
Difference
+90.2%

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 1,075 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Heat Pump
Cooling Heat Pump
Flooring Tile, Vinyl, Carpet, Flooring - Wall To Wall Carpet
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry Electric Dryer Hookup, Washer Hookup, In Unit
Features Dining Area, Living/dining Rm Combo, Elevator

Exterior

Construction None
Architecture None
Roof None
Features Balcony / Deck, Balcony
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

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

Utilities

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

Financial

Annual Tax $4,165
Assessed Value $355,400

Interior Features

Flooring: Tile, Vinyl, Carpet, Flooring - Wall to Wall Carpet
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Dining Area, Living/Dining Rm Combo, Elevator
Windows: Window(s) - Picture
Basement: N
Laundry: Electric Dryer Hookup, Washer Hookup, In Unit
Security: Intercom

Construction & Materials

Year Built: 1985
Structure Type: Garden, Mid-Rise
Exterior Materials:
Roof:
Foundation:
Stories: 1

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:

Exterior & Lot

Exterior Features: Balcony / Deck, 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, Assigned, Common, Guest

Location

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Neighborhood

4 Summit Drive # 508, 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 $347
Homeowners Insurance $200
HOA Fee $752/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

3.3%
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 Santilli Office: Classified Realty Group

Price & Status History

Date Event Price Change
Oct 30, 2024 New Listing Added $469,000

Market Statistics

Days on Market
4 days
Price per Sq Ft
$451

Tax History

Year Taxes Assessment
2024 $4,165 $355,400

Financial Details

Annual Property Tax
$4,165
Tax Year 2024
HOA Fee
$752
Monthly
Assessed Value
$355,400

Listing Information

Listing Agent Lisa Santilli
Listing Office Classified Realty Group
Agent MLS ID B8000051
Office MLS ID B95141
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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