1 Summit Drive # 34, Reading MA 01867

Reading, MA 01867

$220,000

1

Beds

1

Baths

818

Sq Ft

$269

Price/Sq Ft

1970

Year Built

2

Parking

Condominium

Type

16

Days on Market

Sold Listed Oct 15, 2016 • MLS# 72081920 Copied! • Updated Dec 14, 2016

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Sale Statistics

Sale Overview

Original List Price: $200,000

Final Sale Price: $220,000

Difference: +$20,000 (+10.0%)

Performance Metrics

110.0%

List to Sale Ratio

Sold above asking price

16

Days on Market

Quick sale

Price per Square Foot Analysis

Original $/sq ft: $244

Sale $/sq ft: $269

This property sold for $269 per square foot

Sale Summary

This property sold for 10.0% above the original asking price, indicating strong buyer demand.

With only 16 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

$269/sq ft

Area Median

$492/sq ft

Difference

45.3%

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

About this home

Room to stretch out in this one bedroom unit of 818 square feet! Eat in kitchen with stainless appliances and bath with bead board and ceramic tile floor were renovated five years ago. The 12' slider to the private balcony, fan coil heating units and doors have all been replaced. The bedroom with Berber carpet features a large, walk-in closet. The building has an elevator, laundry facilities and extra storage. The complex has an in-ground pool. Roofs on all building are less than 10 years old. No condo fee increases since 2009. High owner occupancy, low condo fees which include heat, water, hot water, etc., high owner occupancy and excellent management make this a desirable place to live. Laminate flooring in the living room needs to be replaced.

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Recently Sold Nearby

Property History

Market Insights

31%

Price Range

18

Total Days on Market

1

Previous Sales

Property Timeline

Previous Transaction - MLS #73060722

Full transaction history available when tracking began

🏷️

Previously Sold

Dec 16, 2022

$290,000

MLS #73060722

View Listing →

✓

Sold

Dec 14, 2016

$220,000

Property sold

Days on Market: 18

🏠

Listed for Sale

Oct 15, 2016

$200,000

Original listing

Agent: Kathy Devine

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
12/16/2022	🏷️ Previously Sold	$290,000	-	-	MLS #73060722
12/14/2016	✓ Sold	$220,000	-	-	Property sold
10/15/2016	🏠 Listed for Sale	$200,000	-	-	Original listing

Tax History

Year	Taxes	Assessment
2016	$2,788	$192,200

Financial Details

Annual Property Tax

$2,788

Tax Year 2016

HOA Fee

$297

Per month

Assessed Value

$192,200

Facts & Features

Home Facts

Type Residential

Style Condominium

Year Built 1970

Living Area 818 sq ft

Bedrooms 1

Full Baths 1

Total Rooms 3

Interior

Heating Fan Coil

Cooling Fan Coil

Flooring Vinyl, Carpet, Laminate

Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator

Fireplace None

Basement N

Laundry In Building

Features None

Exterior

Construction Frame, Brick

Architecture None

Roof Rubber

Features Balcony

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features Off Street, Common

Total Spaces 2

Utilities

Electric 60 Amps/less

Water Public

Sewer Public Sewer

Gas None

Other For Electric Range

Financial

Annual Tax $2,788

Assessed Value $192,200

HOA & Community

HOA Fee $297

Fee Includes Heat, Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash

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

Optional Fee Includes Heat

Owner-Occupied Units 136

Pets Yes w/ Restrictions

MA Disclosures

Seller Disclosures Laminate Flooring In Living Room Needs To Be Replaced Room Sizes Approximate

Additional Details

Possession None

Accepted Financing None

Structure Type ["Garden"]

Unit/Building 34

Sq Ft Source Master Deed

Documents Master Deed, Unit Deed, Rules & Regs, Management Association Bylaws, Floor Plans, Association Financial Statements (6)

County Middlesex

Total market time (incl. prior listings) 18 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1970

Bedrooms

1

Full Bathrooms

1

Living Area

818 sq ft

Total Rooms

3

Stories

1

Entry Level

3

Floor Layout

Interactive room guide Explore Floor Layout 1 level · 14 rooms Open ›

Interior Features

Flooring: Vinyl, Carpet, Laminate

Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator

Interior Features:

Windows:

Basement: N

Laundry: In Building

Security: Intercom

Construction & Materials

Year Built: 1970

Effective Year (Renovated): 1981

Structure Type: Garden

Exterior Materials: Frame, Brick

Roof: Rubber

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Fan Coil

Heating Zones: 2

Cooling: Fan Coil

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

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

0.8 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

1 Summit Drive # 34, Reading MA 01867

Reading, MA 01867

Listing Information

Listing Agent Kathy Devine

Agent MLS ID B0389168

Office MLS ID AN2773

Listing Data Updated Dec 14, 2016 8:47 PM EST

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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