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2 Summit Drive # 49, Reading MA 01867

Reading, MA 01867
$250,000
Est. $2,129/month
2
Beds
2
Baths
1,122
Sq Ft
$223
Price/Sq Ft
1970
Year Built
4
Days on Market
Closed Listed Jun 1, 2011 • MLS# 71240934 Copied!

About this home

Fabulous views from the fourth floor corner condo with screened in balcony is waiting for you. This two bedroom, two full bath is tastfully decorated and painted with an open concept living room / dining room. It features updated baths, newer stainless appliances and wood floors, great closet space, additional storage, and convenient location for commuters. The condo fee includes heat, hot water and air conditioning. Come see today!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
2
Full Bathrooms
2
Living Area
1,122 sq ft
Total Rooms
4
Stories
6
Entry Level
4

Sale Statistics

Sale Overview
Original List Price: $257,000
Final Sale Price: $250,000
Difference: $7,000 (-2.7%)
Performance Metrics
97.3%
List to Sale Ratio
Sold below asking price
4
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $229
Sale $/sq ft: $223
This property sold for $223 per square foot
Sale Summary

This property sold for 2.7% below the original asking price.

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
$223/sq ft
Area Average
$237/sq ft
Difference
6.0%

This property sold near the area average for similar homes.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 1,122 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

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

Exterior

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

Parking

Features Off Street, Common, Guest, Paved

Utilities

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

Financial

Annual Tax $3,122
Assessed Value $266,200

Interior Features

Flooring: Wood, Carpet
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: Tar/Gravel
Foundation:
Stories: 6

Heating, Cooling & Utilities

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

Exterior & Lot

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

Parking & Garage

Parking Features: Off Street, Common, Guest, Paved

Location

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Neighborhood

2 Summit Drive # 49, 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
0.6 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
0.8 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
1.2 mi
Grades PK-08
M

Middle Schools

3 schools
A
Walter S Parker Middle School
1.3 mi | #62 of 352 | Score: 54.7
Dropped 26 spots from last year
-3.6 below state avg
467 students Moderate
Grades 06-08
A-
Galvin Middle School
1.5 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
B+
Stoneham Central Middle School
1.7 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

3 schools
Nazareth Academy
1.4 mi
Grades 09-12
EMARC - Life Choices & Employment Services
1.5 mi
Grades 09-12
A
Reading Memorial High School
1.9 mi | #65 of 346 | Score: 65.1
Dropped 5 spots from last year
+6.8 above state avg
1,094 students Less Diverse
18 sports • 2,420 athletes
Strong AP Program High Graduation Rate College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings

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 $260
Homeowners Insurance $200
HOA Fee $405/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

37.5%
Price Range
5
Total Days on Market
3
Previous Sales

Property Timeline

Previous Transaction - MLS #72898692
Full transaction history available when tracking began
🏷️
Previously Sold
Nov 12, 2021
$400,000
MLS #72898692
Previous Transaction - MLS #72108781
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 10, 2017
$320,000
MLS #72108781
Sold
Jul 11, 2011
$250,000
Property sold
Days on Market: 5
🏠
Listed for Sale
Jun 1, 2011
$257,000
Original listing
Agent: Elizabeth Stakem Office: RE/MAX Heritage, LLC
Previous Transaction - MLS #70339274
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 29, 2006
$273,000
MLS #70339274

Price & Status History

Date Event Price Change
Nov 12, 2021 Sold $400,000
Mar 10, 2017 Sold $320,000
Jun 1, 2011 New Listing Added $257,000
Mar 29, 2006 Sold $273,000

Market Statistics

Days on Market
4 days
Price per Sq Ft
$223

Tax History

Year Taxes Assessment
2011 $3,122 $266,200

Financial Details

Annual Property Tax
$3,122
Tax Year 2011
HOA Fee
$405
Per month
Assessed Value
$266,200

Listing Information

Listing Agent Elizabeth Stakem
Listing Office RE/MAX Heritage, LLC
Agent MLS ID B0381936
Office MLS ID B80006
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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