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2 Summit Drive # 34, Reading MA 01867

Reading, MA 01867
$222,000
Est. $1,796/month
1
Beds
1
Baths
816
Sq Ft
$272
Price/Sq Ft
1970
Year Built
2
Days on Market
Closed Listed Feb 22, 2006 • MLS# 70335395 Copied!

About this home

Spacious one bedroom at Summit Towers. Freshly painted with new pergo floors, eat in kitchen, and master walk in closet. Large living room opens to a sun filled balcony. Move in conditon, a pleasure to show.

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Public Records

Current Owner

Owner KIM MOON S TRUSTEE ETAL
Mailing Address 10 CARDINAL LN, ANDOVER, MA, 01810-5802

Land Use

Use Code 102
Description Condominium
Zoning A
Style CONDO-GRDN

Tax Information

Assessed Value $460,400
Tax Rate $12.38 per $1,000
Base Tax $5,700
CPA Surcharge 1.5% ($67)
Estimated Annual Tax $5,767

Assessment History

Year Land Building Total Change
FY2026 $0 $460,400 $460,400

Sale History

Date Price Book/Page
Dec 30, 2025 $1 85070/459
Oct 20, 2025 $455,000 84755/128
Sep 16, 2025 $10 84615/53
Sep 11, 2025 $1 84597/285
Aug 15, 2025 $420,000 84500/380
Aug 14, 2025 $460,000 84489/24
May 28, 2025 $420,000 84141/334
May 5, 2025 $430,000 84052/430
Jan 23, 2025 $1 83707/321
Jan 9, 2025 $1 83662/284

Municipal Context: READING

Median Home Value $665,000
Avg SF Tax Bill $8,230
Residential Tax Rate $12.38/1000
CPA Surcharge 1.5%
County Middlesex
Match: geocode_proximity (50.5% confidence) · Data as of Mar 8, 2026

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
1
Full Bathrooms
1
Living Area
816 sq ft
Total Rooms
3
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $224,000
Final Sale Price: $222,000
Difference: $2,000 (-0.9%)
Performance Metrics
99.1%
List to Sale Ratio
Sold below asking price
2
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $275
Sale $/sq ft: $272
This property sold for $272 per square foot
Sale Summary

This property sold for 0.9% below the original asking price.

With only 2 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 4 similar properties sold within 0.5 miles in the last 90 days

This Property
$272/sq ft
Area Average
$245/sq ft
Difference
+10.9%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 816 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Central
Cooling Central Air
Flooring None
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement N
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features Balcony, Storage
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch None

Parking

Features Assigned
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public, City/town Water
Sewer None
Gas None
Other For Electric Range, For Electric Oven

Financial

Annual Tax $2,380
Assessed Value $197,800

Interior Features

Flooring:
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry:
Security: Intercom

Construction & Materials

Year Built: 1970
Effective Year (Renovated): 1981
Structure Type: Garden
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public, City/Town Water
Sewer:
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Assigned

Location

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Neighborhood

2 Summit Drive # 34, Reading MA 01867

Reading, MA 01867

Walkability

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Nearby Schools

School information not available for this location.

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 $198
Homeowners Insurance $200
HOA Fee $275/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

42.3%
Price Range
3
Total Days on Market
2
Previous Sales

Property Timeline

Previous Transaction - MLS #73314257
Full transaction history available when tracking began
🏷️
Previously Sold
Dec 18, 2024
$385,000
MLS #73314257
Previous Transaction - MLS #72800041
Full transaction history available when tracking began
🏷️
Previously Sold
May 6, 2021
$275,000
MLS #72800041
Sold
Mar 29, 2006
$222,000
Property sold
Days on Market: 3
🏠
Listed for Sale
Feb 22, 2006
$224,000
Original listing
Office: Carlson GMAC Real Estate

Price & Status History

Date Event Price Change
Dec 18, 2024 Sold $385,000
May 6, 2021 Sold $275,000
Feb 22, 2006 New Listing Added $224,000

Market Statistics

Days on Market
2 days
Price per Sq Ft
$272

Tax History

Year Taxes Assessment
2006 $2,380 $197,800

Financial Details

Annual Property Tax
$2,380
Tax Year 2006
HOA Fee
$275
Per month
Assessed Value
$197,800

Listing Information

Listing Agent Mark Stakem
Agent MLS ID B8001002
Office MLS ID B31801
Listing Data Updated Oct 19, 2006 7:35 AM 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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2 Summit Drive # 34, Reading MA 01867 - Photo 1
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