4 Summit Terrace # 509, Reading MA 01867

Reading, MA 01867
$287,900
2
Beds
2.5
Baths
1,230
Sq Ft
$234
Price/Sq Ft
1985
Year Built
1
Garage Space
46
Days on Market
Sold Listed Jun 8, 2016 • MLS# 72019932 Copied! • Updated Sep 6, 2016

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Sale Statistics

Sale Overview
Original List Price: $294,000
Final Sale Price: $287,900
Difference: $6,100 (-2.1%)
Performance Metrics
97.9%
List to Sale Ratio
Sold below asking price
46
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $239
Sale $/sq ft: $234
This property sold for $234 per square foot
Sale Summary

This property sold for 2.1% below the original asking price.

The property spent 46 days on market before selling.

Nearby Sales Comparison

Based on 8 similar properties sold within 0.5 miles in the last 90 days

This Property
$234/sq ft
Area Median
$211/sq ft
Difference
+11.0%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

About this home

Spectacular views! Nothing but trees as you look out beyond your private deck. Facing south, this home is flooded with light, and the rare penthouse duplex layout allows sun in every room! Life is easy in this building as you park in your covered parking spot, and cruise the elevator up to this tree top view. Room sizes are great, closets good too, laundry in unit, both beds with en suite bathrooms, and living/dining all open and inviting. Location allows for easy access to the highways, or a quick trip to the center of town. If you want easy, this home is for you!

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Recently Sold Nearby

Property History

Market Insights

2.1%
Price Range
49
Total Days on Market

Property Timeline

✓
Sold
Sep 2, 2016
$287,900
Property sold
Days on Market: 49
🏠
Listed for Sale
Jun 9, 2016
$294,000
Original listing
Agent: Mark Bernardino Office: Keller Williams Realty Boston-Metro | Back Bay

Tax History

Year Taxes Assessment
2016 $3,550 $244,800

Financial Details

Annual Property Tax
$3,550
Tax Year 2016
HOA Fee
$727
Per month
Assessed Value
$244,800

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1985
Living Area 1,230 sq ft
Bedrooms 2
Full Baths 2
Half Baths 1
Total Rooms 4

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Tile, Carpet
Appliances None
Fireplace None
Basement N
Laundry First Floor
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Garage Spaces 1
Has Garage Yes
Features None
Total Spaces 2
Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range
Annual Tax $3,550
Assessed Value $244,800

HOA & Community

HOA Fee $727
Fee Includes Heat, Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Air Conditioning
Amenities Elevator(s)
Optional Fee Includes None
Seller Disclosures Association Is Discussing Work On Garage Area.
Possession None
Accepted Financing None
Structure Type ["Mid-Rise"]
Unit/Building 509
Sq Ft Source Measured
Documents None
County Middlesex
Total market time (incl. prior listings) 49 days

Property Overview

Property Type
Condominium
Listing Type
Sold
Year Built
1985
Bedrooms
2
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,230 sq ft
Total Rooms
4
Stories
1
Entry Level
5

Floor Layout

Interior Features

Flooring: Tile, Carpet
Appliances:
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: First Floor
Security:

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 2
Parking Features:
School District
Malden School District local
B
✓ School Safety 2024-25
1.6% Average
1.5% Suspensions 1.0% In-School 0.1% Emergency
↓ 3.9% below state avg
E

Elementary Schools

8 schools
C-
Salemwood School
0.2 mi | #286 of 352 | Score: 32.9
Dropped 32 spots from last year
-25.3 below state avg
925 students Very Diverse
Diverse Student Body
Grades K-08
A
Mystic Valley Regional Charter School
0.4 mi | #51 of 346 | Score: 67.4
Dropped 1 spots from last year
+9.2 above state avg
1,773 students Very Diverse
High Graduation Rate College Ready Curriculum Strong Athletics Diverse Student Body
Grades K-12
B
Forestdale School
0.5 mi | #178 of 352 | Score: 42.1
Dropped 5 spots from last year
-16.1 below state avg
496 students Very Diverse
Diverse Student Body
Grades K-08
B-
Linden School
0.9 mi | #195 of 352 | Score: 40.9
Improved 32 spots from last year
-17.3 below state avg
805 students Very Diverse
Rising School Diverse Student Body
Grades K-08
Cheverus Elementary School
1.0 mi
Grades PK-08
B
Ferryway School
1.0 mi | #167 of 352 | Score: 43.0
Improved 22 spots from last year
-15.2 below state avg
923 students Very Diverse
Rising School Diverse Student Body
Grades K-08
B-
Beebe School
1.5 mi | #191 of 352 | Score: 41.2
Dropped 45 spots from last year
-17 below state avg
919 students Very Diverse
Diverse Student Body
Grades K-08
Malden Early Learning Center
0.6 mi
212 students Very Diverse
Diverse Student Body
Grades PK
H

High Schools

2 schools
Malden Catholic High School
0.6 mi
19 sports • 2,126 athletes
Strong Athletics
Grades 09-12
C+
Malden High School
0.9 mi | #225 of 346 | Score: 49.9
Improved 73 spots from last year
-8.3 below state avg
1,792 students Very Diverse
14 sports • 856 athletes
Strong AP Program Early College Program Rising School Diverse Student Body
Grades 09-12
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Location

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Neighborhood

4 Summit Terrace # 509, Reading MA 01867

Reading, MA 01867

Listing Information

Listing Agent Mark Bernardino
Listing Office Keller Williams Realty Boston-Metro | Back Bay
Office Phone 617-542-0012
Agent MLS ID BB806497
Office MLS ID BB5522
Listing Data Updated Sep 6, 2016 10:45 PM EDT
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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