3 Summit Drive # 32, Reading MA 01867

Reading, MA 01867
$240,000
1
Beds
1
Baths
776
Sq Ft
$309
Price/Sq Ft
1970
Year Built
2
Parking
15
Days on Market
Sold Listed Jun 22, 2017 • MLS# 72187383 Copied! • Updated Jul 20, 2017

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Sale Statistics

Sale Overview
Original List Price: $224,900
Final Sale Price: $240,000
Difference: +$15,100 (+6.7%)
Performance Metrics
106.7%
List to Sale Ratio
Sold above asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $290
Sale $/sq ft: $309
This property sold for $309 per square foot
Sale Summary

This property sold for 6.7% above the original asking price, indicating strong buyer demand.

With only 15 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 7 similar properties sold within 0.5 miles in the last 90 days

This Property
$309/sq ft
Area Median
$508/sq ft
Difference
39.2%

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

About this home

Fantastic move-in ready one bedroom unit in building 3 at popular Summit Towers. You'll love the space and flexible floor plan that this unit offers along with a freshly painted interior and new carpeting throughout. The eat-in kitchen features wood cabinets, stainless appliances and laminate flooring. A sizable living room which opens to the balcony can also accomodate a dining area. Full bath features Toto toilet, white tile floor, 3 piece surround and white cabinet/sink. Newer heating/cooling units with digital thermostats. Storage unit in basement. Building has newer washer/dryer units and Boiler. Very well maintained complex with high owner occupancy.

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Recently Sold Nearby

Property History

Market Insights

6.3%
Price Range
16
Total Days on Market

Property Timeline

Sold
Jul 19, 2017
$240,000
Property sold
Days on Market: 16
🏠
Listed for Sale
Jun 22, 2017
$224,900
Original listing
Agent: Marjorie Falla Office: RE/MAX Leading Edge

Tax History

Year Taxes Assessment
2017 $2,869 $204,500

Financial Details

Annual Property Tax
$2,869
Tax Year 2017
HOA Fee
$275
Monthly
Assessed Value
$204,500

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 776 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Central, Forced Air, Natural Gas, Unit Control, Fan Coil
Cooling Central Air, Unit Control, Fan Coil
Flooring Tile, Carpet, Laminate
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement N
Laundry In Building
Features None

Exterior

Construction None
Architecture None
Roof Rubber
Features Balcony
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch None
Features Off Street, Common, Guest, Paved
Total Spaces 2
Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven
Annual Tax $2,869
Assessed Value $204,500

HOA & Community

HOA Fee $275 Monthly
Fee Includes Heat, Insurance, Security, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Air Conditioning
Amenities Hot Water, Pool, Laundry, Elevator(s), Storage
Optional Fee Includes None
Pets Yes w/ Restrictions
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type ["Mid-Rise"]
Unit/Building 32
Sq Ft Source Field Card
Documents None
County Middlesex
Total market time (incl. prior listings) 16 days

Property Overview

Property Type
Condominium
Listing Type
Sold
Year Built
1970
Bedrooms
1
Full Bathrooms
1
Living Area
776 sq ft
Total Rooms
3
Stories
1
Entry Level
3

Floor Layout

Interior Features

Flooring: Tile, Carpet, Laminate
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: In Building
Security: Intercom

Construction & Materials

Year Built: 1970
Structure Type: Mid-Rise
Exterior Materials:
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Forced Air, Natural Gas, Unit Control, Fan Coil
Heating Zones: 2
Cooling: Central Air, Unit Control, Fan Coil
Cooling Zones: 2
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

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, Guest, Paved
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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Location

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Neighborhood

3 Summit Drive # 32, Reading MA 01867

Reading, MA 01867

Listing Information

Agent MLS ID B0466938
Office MLS ID AN0156
Listing Data Updated Jul 20, 2017 8:13 AM EDT
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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