2 Summit Drive # 68, Reading MA 01867

Reading, MA 01867
$225,000
2
Beds
2
Baths
1,074
Sq Ft
$209
Price/Sq Ft
1970
Year Built
2
Parking
27
Days on Market
Sold Listed Jan 5, 2014 • MLS# 71619814 Copied! • Updated Mar 29, 2014

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Sale Statistics

Sale Overview
Original List Price: $250,000
Final Sale Price: $225,000
Difference: $25,000 (-10.0%)
Performance Metrics
90.0%
List to Sale Ratio
Sold below asking price
27
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $233
Sale $/sq ft: $209
This property sold for $209 per square foot
Sale Summary

This property sold for 10.0% below the original asking price.

With only 27 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

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

This Property
$209/sq ft
Area Median
$492/sq ft
Difference
57.5%

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

About this home

Top floor unit at desirable Summit Towers. This unit features an upgraded kitchen with 1 year old dishwasher and newer flooring. Open concept living room/dining area for easy daily living and entertaining. Living room has ceiling fan to circulate air brought in through 12' slider which leads to an over-sized balcony. Master bedroom with 3 large closets and en-suite bath. Both baths have been upgraded. Slider and windows have been replaced. New wall-to wall carpeting was just installed throughout. All rooms have crown moulding and colonial baseboard. Condo fee INCLUDES HEAT, A/C, water, hot water, common area maintenance, snowplowing, landscaping, etc. Ample parking, Good reserves, on-site management, FHA and VA approved complex. Association pool and additional storage.

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Recently Sold Nearby

Property History

Market Insights

10%
Price Range
30
Total Days on Market

Property Timeline

Sold
Mar 28, 2014
$225,000
Property sold
Days on Market: 30
🏠
Listed for Sale
Jan 6, 2014
$250,000
Original listing
Agent: Kathy Devine Office: Summit Real Estate

Tax History

Year Taxes Assessment
2013 $3,137 $210,000

Financial Details

Annual Property Tax
$3,137
Tax Year 2013
HOA Fee
$389
Per month
Assessed Value
$210,000

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 1,074 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

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

Exterior

Construction Frame
Architecture None
Roof Rubber
Features Balcony
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch None
Features Off Street, Common, Guest, Paved
Total Spaces 2
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven
Annual Tax $3,137
Assessed Value $210,000

HOA & Community

HOA Fee $389
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 132
Pets Yes w/ Restrictions
Seller Disclosures Room Sizes Approximate
Possession None
Accepted Financing Contract
Structure Type ["Garden"]
Unit/Building 68
Sq Ft Source Master Deed
Documents Master Deed, Rules & Regs (2)
County Middlesex
Total market time (incl. prior listings) 30 days

Property Overview

Property Type
Condominium
Listing Type
Sold
Year Built
1970
Bedrooms
2
Full Bathrooms
2
Living Area
1,074 sq ft
Total Rooms
5
Stories
1
Entry Level
6

Floor Layout

Interior Features

Flooring: Vinyl, Carpet, Other
Appliances: Range, Dishwasher, Refrigerator
Interior Features:
Windows: Storm Window(s)
Basement: N
Laundry: In Building
Security: Intercom

Construction & Materials

Year Built: 1970
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: 2
Parking Features: Off Street, Common, Guest, Paved
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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Location

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Neighborhood

2 Summit Drive # 68, Reading MA 01867

Reading, MA 01867

Listing Information

Listing Agent Kathy Devine
Agent MLS ID B0389168
Office MLS ID B70006
Listing Data Updated Mar 29, 2014 7:50 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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