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2 Summit Drive # 44, Reading MA 01867

Reading, MA 01867
$195,000
Est. $1,693/month
1
Beds
1
Baths
834
Sq Ft
$234
Price/Sq Ft
1970
Year Built
16
Days on Market
Closed Listed Nov 4, 2015 • MLS# 71927795 Copied!

About this home

As large as some 2 bedroom units, the spacious (834') unit is an excellent opportunity to own at the desirable Summit Towers Condominium complex. The screened in balcony is like having an extra room in good weather. It's accessed via a 12' slider off the living room. New fan coil heating units just installed along with a programmable thermostat to keep you comfy in summer or winter. The master bedroom features a well-organized walk-in closet and the window has been replaced. Enjoy meals in the truly eat-in kitchen. The cabinets have been refaced. condo fee includes: HEAT, WATER, HOT WATER, LANDSCAPING, PARKING, SNOW REMOVAL AND EXTERIOR MAINTENANCE. You get a lot for your money at Summit Towers in addition to the convenience of the complex to Rtes 128 and 93.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
1
Full Bathrooms
1
Living Area
834 sq ft
Total Rooms
3
Stories
1
Entry Level
4

Sale Statistics

Sale Overview
Original List Price: $200,000
Final Sale Price: $195,000
Difference: $5,000 (-2.5%)
Performance Metrics
97.5%
List to Sale Ratio
Sold below asking price
16
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $240
Sale $/sq ft: $234
This property sold for $234 per square foot
Sale Summary

This property sold for 2.5% below the original asking price.

With only 16 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
$234/sq ft
Area Average
$237/sq ft
Difference
1.3%

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 834 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Central, Natural Gas, Individual, Unit Control, Fan Coil
Cooling Central Air
Flooring Tile, Carpet, Vinyl / Vct
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement N
Laundry Common Area, In Building
Features None

Exterior

Construction Frame
Architecture None
Roof Rubber
Features None
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Common
Total Spaces 2

Utilities

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

Financial

Annual Tax $2,523
Assessed Value $171,600

Interior Features

Flooring: Tile, Carpet, Vinyl / VCT
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry: Common Area, In Building
Security:

Construction & Materials

Year Built: 1970
Effective Year (Renovated): 1981
Structure Type: Garden
Exterior Materials: Frame
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Natural Gas, Individual, Unit Control, Fan Coil
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

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

Location

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Neighborhood

2 Summit Drive # 44, 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 $210
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

2.5%
Price Range
18
Total Days on Market

Property Timeline

Sold
Jan 15, 2016
$195,000
Property sold
Days on Market: 18
🏠
Listed for Sale
Nov 4, 2015
$200,000
Original listing
Agent: Kathy Devine Office: Realty World Advantage

Price & Status History

Date Event Price Change
Nov 4, 2015 New Listing Added $200,000

Market Statistics

Days on Market
16 days
Price per Sq Ft
$234

Tax History

Year Taxes Assessment
2015 $2,523 $171,600

Financial Details

Annual Property Tax
$2,523
Tax Year 2015
HOA Fee
$297
Monthly
Assessed Value
$171,600

Listing Information

Listing Agent Kathy Devine
Listing Office Realty World Advantage
Agent MLS ID B0389168
Office MLS ID AN1025
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

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