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2 Summit Drive # 49, Reading MA 01867

Reading, MA 01867
$320,000
Est. $2,523/month
2
Beds
2
Baths
1,122
Sq Ft
$285
Price/Sq Ft
1970
Year Built
14
Days on Market
Closed Listed Jan 15, 2017 • MLS# 72108781 Copied!

About this home

This corner unit has had a major face-lift in the last five years! The most recent of which are the gleaming wood floors in the living room/dining area, kitchen and hall. The black quartz countertops provide a contrast to the white cabinets and compliment the SS appliances. The 12' slider to the private, screened-in balcony and the windows in both bedrooms have been replaced. Master bedroom has a walk-in closet with a built-in vanity. There's an additional closet for all that 'extra' stuff'! Both the en-suite bath and the guest bath have tile floors, newer vanities and granite counter tops. New interior doors. Well managed and maintained complex. 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. Lobbies and hallways have been refurbished. Roofs less than 10 years old. Buildings 1 &2 have new boiler

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
2
Full Bathrooms
2
Living Area
1,122 sq ft
Total Rooms
5
Stories
1
Entry Level
4

Sale Statistics

Sale Overview
Original List Price: $325,000
Final Sale Price: $320,000
Difference: $5,000 (-1.5%)
Performance Metrics
98.5%
List to Sale Ratio
Sold below asking price
14
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $290
Sale $/sq ft: $285
This property sold for $285 per square foot
Sale Summary

This property sold for 1.5% below the original asking price.

With only 14 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
$285/sq ft
Area Average
$237/sq ft
Difference
+20.2%

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 1,122 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Central, Natural Gas, Fan Coil
Cooling Central Air, Fan Coil
Flooring Wood, Tile, 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

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 $3,600
Assessed Value $256,600

Interior Features

Flooring: Wood, Tile, Carpet
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features:
Windows: Insulated 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: Central, Natural Gas, 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

Location

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Neighborhood

2 Summit Drive # 49, 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
0.8 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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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 $300
Homeowners Insurance $200
HOA Fee $405/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

37.5%
Price Range
16
Total Days on Market
3
Previous Sales

Property Timeline

Previous Transaction - MLS #72898692
Full transaction history available when tracking began
🏷️
Previously Sold
Nov 12, 2021
$400,000
MLS #72898692
Sold
Mar 10, 2017
$320,000
Property sold
Days on Market: 16
🏠
Listed for Sale
Jan 15, 2017
$325,000
Original listing
Agent: Kathy Devine Office: ERA Key Realty Services
Previous Transaction - MLS #71240934
Full transaction history available when tracking began
🏷️
Previously Sold
Jul 11, 2011
$250,000
MLS #71240934
Previous Transaction - MLS #70339274
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 29, 2006
$273,000
MLS #70339274

Price & Status History

Date Event Price Change
Nov 12, 2021 Sold $400,000
Jan 15, 2017 New Listing Added $325,000
Jul 11, 2011 Sold $250,000
Mar 29, 2006 Sold $273,000

Market Statistics

Days on Market
14 days
Price per Sq Ft
$285

Tax History

Year Taxes Assessment
2017 $3,600 $256,600

Financial Details

Annual Property Tax
$3,600
Tax Year 2017
HOA Fee
$405
Per month
Assessed Value
$256,600

Listing Information

Listing Agent Kathy Devine
Listing Office ERA Key Realty Services
Agent MLS ID B0389168
Office MLS ID AN2773
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

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