2 Summit Drive # 65, Reading MA 01867

Reading, MA 01867
$250,000
2
Beds
2
Baths
1,118
Sq Ft
$224
Price/Sq Ft
1970
Year Built
2
Parking
33
Days on Market
Sold Listed Nov 4, 2016 • MLS# 72089743 Copied! • Updated Jan 28, 2017

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Sale Statistics

Sale Overview
Original List Price: $270,000
Final Sale Price: $250,000
Difference: $20,000 (-7.4%)
Performance Metrics
92.6%
List to Sale Ratio
Sold below asking price
33
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $242
Sale $/sq ft: $224
This property sold for $224 per square foot
Sale Summary

This property sold for 7.4% below the original asking price.

The property spent 33 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
$224/sq ft
Area Median
$492/sq ft
Difference
54.5%

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

About this home

An opportunity to 'Have it your way'! This large, end unit on the top floor of desirable Summit Towers is in need of a complete facelift. All large rooms, truly eat-in kitchen, master with en-suite bath and walk-in closet. East facing unit has 12' slider to private balcony. Well managed and maintained complex where heat, water, hot water, A/C and landscaping/snow removal are included in the condo fee. Complex features in-building laundry, in-ground pool, ample parking, additional storage. Elevator building. Good reserves, high owner occupancy.

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Recently Sold Nearby

Property History

Market Insights

31.5%
Price Range
36
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #72446130
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 29, 2019
$365,000
MLS #72446130
Sold
Jan 27, 2017
$250,000
Property sold
Days on Market: 36
🏠
Listed for Sale
Nov 4, 2016
$250,000
Original listing
Agent: Kathy Devine Office: ERA Key Realty Services

Tax History

Year Taxes Assessment
2016 $3,289 $226,800

Financial Details

Annual Property Tax
$3,289
Tax Year 2016
HOA Fee
$405
Per month
Assessed Value
$226,800

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 1,118 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Fan Coil
Cooling Central Air, Fan Coil
Flooring Tile, Vinyl, Carpet
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 Association, In Ground
Spa None
Fencing None
Patio/Porch None
Features Off Street, Common
Total Spaces 2
Electric 60 Amps/less
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range
Annual Tax $3,289
Assessed Value $226,800

HOA & Community

HOA Fee $405
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
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type ["Garden"]
Unit/Building 65
Sq Ft Source Master Deed
Sq Ft Disclosures room sizes approximate
Documents Master Deed, Unit Deed, Rules & Regs, Management Association Bylaws, Floor Plans, Association Financial Statements (6)
County Middlesex
Total market time (incl. prior listings) 36 days

Property Overview

Property Type
Condominium
Listing Type
Sold
Year Built
1970
Bedrooms
2
Full Bathrooms
2
Living Area
1,118 sq ft
Total Rooms
5
Stories
1
Entry Level
6

Floor Layout

Interior Features

Flooring: Tile, Vinyl, Carpet
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features:
Windows: Storm Window(s)
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: 1
Cooling: Central Air, 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
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

2 Summit Drive # 65, Reading MA 01867

Reading, MA 01867

Listing Information

Listing Agent Kathy Devine
Agent MLS ID B0389168
Office MLS ID AN2773
Listing Data Updated Jan 28, 2017 9:47 AM EST
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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