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2 Summit Drive # 62, Reading MA 01867

Reading, MA 01867
$175,000
Est. $1,608/month
1
Beds
1
Baths
833
Sq Ft
$210
Price/Sq Ft
1970
Year Built
46
Days on Market
Closed Listed Nov 10, 2013 • MLS# 71606828 Copied!

About this home

Enjoy beautiful view of city and Lake Quannapowitt from this top floor unit at Summit Towers. That makes it a penthouse and no noise from above. Extremely spacious living room with slider to covered deck. Plenty of storage through-out and a walk-in closet in large bedroom. Commuters dream location. High owner-occupancy for FHA approved financing. Extra storage and large laundry room in basement. Condo fee includes: heat, hot water and a/c for low utility costs. Unit is immaculate but could use updating.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
1
Full Bathrooms
1
Living Area
833 sq ft
Total Rooms
3
Stories
6
Entry Level
6

Sale Statistics

Sale Overview
Original List Price: $195,000
Final Sale Price: $175,000
Difference: $20,000 (-10.3%)
Performance Metrics
89.7%
List to Sale Ratio
Sold below asking price
46
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $234
Sale $/sq ft: $210
This property sold for $210 per square foot
Sale Summary

This property sold for 10.3% below the original asking price.

The property spent 46 days on market before selling.

Nearby Sales Comparison

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

This Property
$210/sq ft
Area Average
$237/sq ft
Difference
11.4%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 833 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Central
Cooling Central Air
Flooring Vinyl, Carpet
Appliances Range, Dishwasher, Refrigerator
Fireplace None
Basement N
Laundry In Building
Features None

Exterior

Construction Brick
Architecture None
Roof None
Features Porch - Enclosed, City View(s)
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch Enclosed

Parking

Features Off Street, Common, Guest, Paved
Total Spaces 2

Utilities

Electric 220 Volts, Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $2,714
Assessed Value $181,700

Interior Features

Flooring: Vinyl, Carpet
Appliances: Range, Dishwasher, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry: In Building
Security: Intercom

Construction & Materials

Year Built: 1970
Structure Type: Mid-Rise
Exterior Materials: Brick
Roof:
Foundation:
Stories: 6

Heating, Cooling & Utilities

Heating: Central
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch - Enclosed, City View(s)
Patio & Porch: Enclosed
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Common, Guest, Paved

Special Features

View: Yes
View Type: City
Community Amenities: Public Transportation, Shopping, Pool, Highway Access, T-Station

Location

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Neighborhood

2 Summit Drive # 62, 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
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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 $226
Homeowners Insurance $200
HOA Fee $297/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

10.3%
Price Range
47
Total Days on Market

Property Timeline

Sold
Feb 3, 2014
$175,000
Property sold
Days on Market: 47
🏠
Listed for Sale
Nov 10, 2013
$195,000
Original listing

Price & Status History

Date Event Price Change
Nov 10, 2013 New Listing Added $195,000

Market Statistics

Days on Market
46 days
Price per Sq Ft
$210

Tax History

Year Taxes Assessment
2013 $2,714 $181,700

Financial Details

Annual Property Tax
$2,714
Tax Year 2013
HOA Fee
$297
Monthly
Assessed Value
$181,700

Listing Information

Listing Agent Roberta Oeser
Listing Office Charron Real Estate & Associates
Agent MLS ID H9500025
Office MLS ID H20901
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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