2 Summit Drive # 62, Reading MA 01867

Reading, MA 01867

$175,000

1

Beds

1

Baths

833

Sq Ft

$210

Price/Sq Ft

1970

Year Built

2

Parking

Condominium

Type

46

Days on Market

Sold Listed Nov 10, 2013 • MLS# 71606828 Copied! • Updated Feb 3, 2014

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

This Property

$210/sq ft

Area Median

$492/sq ft

Difference

57.3%

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

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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Recently Sold Nearby

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

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
02/03/2014	✓ Sold	$175,000	-	-	Property sold
11/10/2013	🏠 Listed for Sale	$195,000	-	-	Original listing

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

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

HOA & Community

HOA Fee $297 Monthly

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

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

Optional Fee Includes None

Pets Yes w/ Restrictions

MA Disclosures

Seller Disclosures Owner Has Never Occupied Unit.

Additional Details

Possession None

Accepted Financing None

Structure Type ["Mid-Rise"]

Unit/Building 62

Sq Ft Source Field Card

Documents None

County Middlesex

Total market time (incl. prior listings) 47 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1970

Bedrooms

1

Full Bathrooms

1

Living Area

833 sq ft

Total Rooms

3

Stories

6

Entry Level

6

Floor Layout

Interactive room guide Explore Floor Layout 1 level · 14 rooms Open ›

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

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

6 schools

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

A

Alice M Barrows School

1.6 mi | #158 of 824 | Score: 56.8

Dropped 82 spots from last year

-1.5 below state avg

365 students Less Diverse

Strong Attendance

Grades K-05

RISE PreSchool

1.9 mi

116 students Moderate

Grades PK

A-

Birch Meadow School

2.1 mi | #240 of 824 | Score: 52.9

Dropped 160 spots from last year

-5.3 below state avg

359 students Moderate

Strong Attendance

Grades K-05

A

J. Warren Killam Elementary School

2.2 mi | #94 of 824 | Score: 59.7

Improved 18 spots from last year

+1.5 above state avg

406 students Moderate

Strong Attendance

Grades K-05

B+

Wood End Elementary School

3.1 mi | #275 of 824 | Score: 51.6

Dropped 192 spots from last year

-6.6 below state avg

236 students Less Diverse

Strong Attendance

Grades K-05

M

Middle Schools

2 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

Arthur W Coolidge Middle School

2.1 mi | #43 of 352 | Score: 58.1

Improved 32 spots from last year

-0.1 below state avg

405 students Less Diverse

Rising School Strong Attendance

Grades 06-08

H

High Schools

2 schools

Austin Prep School

2.1 mi

Grades 06-12

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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Neighborhood

2 Summit Drive # 62, Reading MA 01867

Reading, MA 01867

Listing Information

Agent MLS ID H9500025

Office MLS ID H20901

Listing Data Updated Feb 3, 2014 2:57 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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