3 Summit # B2, Reading MA 01867

Reading, MA 01867

$136,000

Beds

Baths

785

Sq Ft

$173

Price/Sq Ft

1971

Year Built

Parking

Condominium

Type

186

Days on Market

Sold Listed Jul 19, 2012 • MLS# 71411947 Copied! • Updated Mar 1, 2013

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Sale Statistics

Sale Overview

Original List Price: $165,000

                            Final Sale Price:
                            $136,000
                        

Difference: $29,000 (-17.6%)

Performance Metrics

82.4%

List to Sale Ratio

Sold below asking price

186

Days on Market

Extended listing

Price per Square Foot Analysis

Original $/sq ft: $210

                            Sale $/sq ft:
                            $173
                        

This property sold for $173 per square foot

Sale Summary

This property sold for 17.6% below the original asking price.

At 186 days on market, this property took longer than average to sell.

Nearby Sales Comparison

Based on 10 similar properties sold within 0.5 miles in the last 90 days

This Property

$173/sq ft

Area Median

$492/sq ft

Difference

64.8%

This property sold below the area median, potentially representing good value for the buyer.

About this home

Oak cabinet kitchen with good counter space. Huge walk-in pantry! Large bedroom with walk-in closet. Large, screened-in balcony with wooded view. Unit needs work - painting and carpeting. FHA approved complex with high owner occupancy and excellent reserves. Well managed and maintained. It's a great opportunity to go from tenant to owner! Master deed Unit 8

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

2.9%

Price Range

193

Total Days on Market

Property Timeline

✓

Sold

Feb 28, 2013

$136,000

Property sold

Days on Market: 193

🏠

Listed for Sale

Jul 20, 2012

$140,000

Original listing

Agent: Kathy Devine Office: Summit Real Estate

Date	Event	Price	Change	$/sqft	Details
02/28/2013	✓ Sold	$136,000	-	-	Property sold
07/20/2012	🏠 Listed for Sale	$140,000	-	-	Original listing

Tax History

Year	Taxes	Assessment
2012	$2,159	$152,600

Financial Details

Annual Property Tax

$2,159

Tax Year 2012

HOA Fee

$286

Monthly

Assessed Value

$152,600

Facts & Features

Central AC

Home Facts

Type Residential

Style Condominium

Year Built 1971

Living Area 785 sq ft

Bedrooms 1

Full Baths 1

Total Rooms 3

Interior

Heating Central, Natural Gas

Cooling Central Air

Flooring None

Appliances Range, Disposal, Refrigerator

Fireplace None

Basement N

Laundry Common Area, In Building

Features None

Exterior

Construction Frame

Architecture None

Roof Rubber

Features Balcony

Pool Association, In Ground

Spa None

Fencing None

Patio/Porch None

Parking

Features Off Street, Common, Guest

Total Spaces 1

Utilities

Electric Circuit Breakers

Water Public

Sewer Public Sewer

Gas None

Other For Electric Range, For Electric Oven

Financial

Annual Tax $2,159

Assessed Value $152,600

HOA & Community

HOA Fee $286 Monthly

Fee Includes Heat, Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal

Amenities Hot Water, Pool, Laundry, Elevator(s)

Optional Fee Includes None

Owner-Occupied Units 136

Pets Yes w/ Restrictions

MA Disclosures

Seller Disclosures Seller Has Never Occupied Unit

Additional Details

Possession None

Accepted Financing Other (see Remarks)

Structure Type ["Garden"]

Unit/Building B2

Sq Ft Source Master Deed

Documents Master Deed, Rules & Regs, Management Association Bylaws (3)

County Middlesex

Total market time (incl. prior listings) 193 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1971

Bedrooms

Full Bathrooms

Living Area

785 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

Interior Features

Flooring:

Appliances: Range, Disposal, Refrigerator

Interior Features:

Windows:

Basement: N

Laundry: Common Area, In Building

Security: Intercom

Construction & Materials

Year Built: 1971

Effective Year (Renovated): 1980

Structure Type: Garden

Exterior Materials: Frame

Roof: Rubber

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Central, Natural Gas

Heating Zones: 1

Cooling: Central Air

Cooling Zones: 1

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Balcony

Patio & Porch:

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Total Parking Spaces: 1

Parking Features: Off Street, Common, Guest

Nearby Schools

School information not available for this location.

Location

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Neighborhood

3 Summit # B2, Reading MA 01867

Reading, MA 01867

Listing Information

Listing Agent Kathy Devine

Agent MLS ID B0389168

Office MLS ID B70006

Listing Data Updated Mar 1, 2013 5:28 PM EST

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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