1 Summit Drive # 24, Reading MA 01867

Reading, MA 01867

$215,000

1

Beds

1

Baths

816

Sq Ft

$263

Price/Sq Ft

1970

Year Built

2

Parking

Condominium

Type

54

Days on Market

Sold Listed Nov 25, 2015 • MLS# 71936273 Copied! • Updated Feb 21, 2016

Track this home for price, status, and open-house alerts.

Sale Statistics

Sale Overview

Original List Price: $225,000

                            Final Sale Price:
                            $215,000
                        

Difference: $10,000 (-4.4%)

Performance Metrics

95.6%

List to Sale Ratio

Sold below asking price

54

Days on Market

Average time

Price per Square Foot Analysis

Original $/sq ft: $276

                            Sale $/sq ft:
                            $263
                        

This property sold for $263 per square foot

Sale Summary

This property sold for 4.4% below the original asking price.

The property spent 54 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

$263/sq ft

Area Median

$492/sq ft

Difference

46.5%

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

About this home

Do you NEED two bedrooms, or do you just need SPACE? As large as some 2 bedroom units, this spacious (816') unit is an excellent opportunity to own at the desirable Summit Towers Condominium complex. Living room has 12' slider to balcony. Updated kitchen and bath. New fan coil heating units just installed. Walk-in closet. Condo fee includes: HEAT, WATER, HOT WATER, LANDSCAPING, PARKING, SNOW REMOVAL, EXTERIOR MAINTENANCE and POOL! You get a lot for your money at Summit Towers in addition to the convenience of the complex to Rtes 128 and 93. Common areas have recently been upgraded. Except for 2015 snow assessment, there have been no special assessments since 2011 and none planned for 2016. Last condo fee increase was 2009. No increase in 2016. Roofs on all three buildings under 10 years old. Ample parking, additional storage, elevator building. Excellent reserves and management! 87% owner occupancy!!

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

41.9%

Price Range

57

Total Days on Market

2

Previous Sales

Property Timeline

Previous Transaction - MLS #73515356

Full transaction history available when tracking began

🏷️

Previously Sold

Jul 10, 2026

$370,000

MLS #73515356

View Listing →

Previous Transaction - MLS #72661070

Full transaction history available when tracking began

🏷️

Previously Sold

Jul 1, 2020

$296,000

MLS #72661070

View Listing →

✓

Sold

Feb 19, 2016

$215,000

Property sold

Days on Market: 57

🏠

Listed for Sale

Nov 26, 2015

$225,000

Original listing

Agent: Kathy Devine Office: Realty World Advantage

Date	Event	Price	Change	$/sqft	Details
07/10/2026	🏷️ Previously Sold	$370,000	-	-	MLS #73515356
07/01/2020	🏷️ Previously Sold	$296,000	-	-	MLS #72661070
02/19/2016	✓ Sold	$215,000	-	-	Property sold
11/26/2015	🏠 Listed for Sale	$225,000	-	-	Original listing

Tax History

Year	Taxes	Assessment
2015	$2,340	$159,200

Financial Details

Annual Property Tax

$2,340

Tax Year 2015

HOA Fee

$297

Monthly

Assessed Value

$159,200

Facts & Features

Central AC

Home Facts

Type Residential

Style Condominium

Year Built 1970

Living Area 816 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, Refrigerator

Fireplace None

Basement N

Laundry Common Area, In Building

Features None

Exterior

Construction Frame

Architecture None

Roof Rubber

Features Balcony

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 $2,340

Assessed Value $159,200

HOA & Community

HOA Fee $297 Monthly

Fee Includes Heat, Gas, Water, Sewer, Insurance, Maintenance Structure, Road Maintenance

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

Optional Fee Includes None

Owner-Occupied Units 137

Pets Yes w/ Restrictions

MA Disclosures

Seller Disclosures Room Sizes Approximate

Exclusions Living Room Window Treatment.

Additional Details

Possession None

Accepted Financing Other (see Remarks)

Structure Type ["Garden","Mid-Rise"]

Unit/Building 24

Sq Ft Source Master Deed

Documents Master Deed, Unit Deed, Rules & Regs, Management Association Bylaws (4)

County Middlesex

Total market time (incl. prior listings) 57 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1970

Bedrooms

1

Full Bathrooms

1

Living Area

816 sq ft

Total Rooms

3

Stories

1

Entry Level

2

Floor Layout

Interior Features

Flooring: Tile, Carpet, Vinyl / VCT

Appliances: Range, Dishwasher, Disposal, Refrigerator

Interior Features:

Windows:

Basement: N

Laundry: Common Area, In Building

Security:

Construction & Materials

Year Built: 1970

Effective Year (Renovated): 1981

Structure Type: Garden, Mid-Rise

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: Balcony

Patio & Porch:

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Total Parking Spaces: 2

Parking Features: Off Street, Common

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Location

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Neighborhood

1 Summit Drive # 24, Reading MA 01867

Reading, MA 01867

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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