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3 Summit Drive # 55, Reading MA 01867

Reading, MA 01867
$280,000
Est. $2,245/month
2
Beds
2
Baths
1,113
Sq Ft
$252
Price/Sq Ft
1970
Year Built
Condominium
Type
50
Days on Market
Closed Listed Nov 23, 2015 • MLS# 71935611 Copied!

About this home

Perfect location for all commuters between Rt 95/128 and Rt 93. 2B/ 2BA unit with screened in balcony perfect to enjoy or for entertaining.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
2
Full Bathrooms
2
Living Area
1,113 sq ft
Total Rooms
4
Stories
1
Entry Level
5

Sale Statistics

Sale Overview
Original List Price: $289,900
Final Sale Price: $280,000
Difference: $9,900 (-3.4%)
Performance Metrics
96.6%
List to Sale Ratio
Sold below asking price
50
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $260
Sale $/sq ft: $252
This property sold for $252 per square foot
Sale Summary

This property sold for 3.4% below the original asking price.

The property spent 50 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
$252/sq ft
Area Average
$237/sq ft
Difference
+6.3%

This property sold slightly above the area average for similar homes.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 1,113 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Central
Cooling Central Air
Flooring Wood, Tile, Carpet
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement N
Laundry In Basement, In Building
Features None

Exterior

Construction Brick
Architecture None
Roof Shingle
Features Balcony
Pool Association
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street
Total Spaces 2

Utilities

Electric Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven

Financial

Annual Tax $2,878
Assessed Value $195,800

Interior Features

Flooring: Wood, Tile, Carpet
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: In Basement, In Building
Security: Intercom, Security System

Construction & Materials

Year Built: 1970
Structure Type: Garden
Exterior Materials: Brick
Roof: Shingle
Foundation:
Stories: 1

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street

Location

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Neighborhood

3 Summit Drive # 55, 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

6 schools
A
Joshua Eaton School
0.9 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
1.7 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
2.0 mi
116 students Moderate
Grades PK
A-
Birch Meadow School
2.2 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
2.3 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
3.2 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
1.4 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
2.2 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
2.3 mi
Grades 06-12
A
Reading Memorial High School
2.0 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
School data provided by BMN Schools

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 $240
Homeowners Insurance $200
HOA Fee $389/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

3.4%
Price Range
51
Total Days on Market

Property Timeline

✓
Sold
Jan 29, 2016
$280,000
Property sold
Days on Market: 51
🏠
Listed for Sale
Nov 23, 2015
$289,900
Original listing
Agent: Rob Mailey Office: Century 21 Spindler & O'Neil Associates

Price & Status History

Date Event Price Change
Nov 23, 2015 New Listing Added $289,900 —

Market Statistics

Days on Market
50 days
Price per Sq Ft
$252

Tax History

Year Taxes Assessment
2015 $2,878 $195,800

Financial Details

Annual Property Tax
$2,878
Tax Year 2015
HOA Fee
$389
Monthly
Assessed Value
$195,800

Listing Information

Listing Agent Rob Mailey
Listing Office Century 21 Spindler & O'Neil Associates
Agent MLS ID B0424630
Office MLS ID B21501
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

3 Summit Drive # 55, Reading MA 01867 - Photo 1 3 Summit Drive # 55, Reading MA 01867 - Photo 2 3 Summit Drive # 55, Reading MA 01867 - Photo 3 3 Summit Drive # 55, Reading MA 01867 - Photo 4 3 Summit Drive # 55, Reading MA 01867 - Photo 5 3 Summit Drive # 55, Reading MA 01867 - Photo 6 3 Summit Drive # 55, Reading MA 01867 - Photo 7 3 Summit Drive # 55, Reading MA 01867 - Photo 8 3 Summit Drive # 55, Reading MA 01867 - Photo 9 3 Summit Drive # 55, Reading MA 01867 - Photo 10
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