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3 Summit Drive # 28, Reading MA 01867

Reading, MA 01867
$222,000
Est. $1,826/month
1
Beds
1
Baths
782
Sq Ft
$284
Price/Sq Ft
1970
Year Built
9
Days on Market
Closed Listed Mar 11, 2016 • MLS# 71970606 Copied!

About this home

As large as some 2 bedroom units, this one is conveniently located to major highways and the commuter rail. Both the bath and kitchen have been updated. The eat-in kitchen featuring newer cabinets and countertops, some under-cabinet lighting and a new double ss stove and microwave. Off the living room via a replaced 12' slider is a screened in balcony for expanding your living space and enjoying the summer with a treetop view and privacy. Wood floor in both bedroom and living room. Bedroom easily accommodates a king size bed. California closet in bedroom. Large coat and linen closets. Bathroom has beautiful tile walls and floor. The low condo fee includes HEAT, WATER, HOT WATER, A/C, common area maintenance, snow removal, landscaping. Additional storage. Buy now and enjoy the association pool this summer! well managed and maintained. High owner occupancy, good reserves. Elevator building with easy access. No special assessments in place or planned for 2016.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
1
Full Bathrooms
1
Living Area
782 sq ft
Total Rooms
3
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $220,000
Final Sale Price: $222,000
Difference: +$2,000 (+0.9%)
Performance Metrics
100.9%
List to Sale Ratio
Sold above asking price
9
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $281
Sale $/sq ft: $284
This property sold for $284 per square foot
Sale Summary

This property sold for 0.9% above the original asking price, indicating strong buyer demand.

With only 9 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
$284/sq ft
Area Average
$237/sq ft
Difference
+19.8%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 782 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Central, Natural Gas, Individual, Unit Control, Fan Coil
Cooling Central Air
Flooring Wood, Tile
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 $2,745
Assessed Value $186,700

Interior Features

Flooring: Wood, Tile
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

Location

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Neighborhood

3 Summit Drive # 28, 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
0.9 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
St. Joseph Elementary School
1.1 mi
Grades PK-08
M

Middle Schools

3 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-
Galvin Middle School
1.4 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
1.6 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
1.4 mi
Grades 09-12
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
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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 $229
Homeowners Insurance $200
HOA Fee $275/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

35.4%
Price Range
11
Total Days on Market
2
Previous Sales

Property Timeline

Previous Transaction - MLS #72513904
Full transaction history available when tracking began
🏷️
Previously Sold
Jul 18, 2019
$285,000
MLS #72513904
Sold
May 25, 2016
$222,000
Property sold
Days on Market: 11
🏠
Listed for Sale
Mar 11, 2016
$220,000
Original listing
Agent: Kathy Devine Office: Realty World Advantage
Previous Transaction - MLS #71467382
Full transaction history available when tracking began
🏷️
Previously Sold
May 21, 2013
$184,000
MLS #71467382

Price & Status History

Date Event Price Change
Jul 18, 2019 Sold $285,000
Mar 11, 2016 New Listing Added $220,000
May 21, 2013 Sold $184,000

Market Statistics

Days on Market
9 days
Price per Sq Ft
$284

Tax History

Year Taxes Assessment
2015 $2,745 $186,700

Financial Details

Annual Property Tax
$2,745
Tax Year 2015
HOA Fee
$275
Monthly
Assessed Value
$186,700

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

Real-time market trends and pricing data for this area

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