1 Summit Drive # 22, Reading MA 01867

Reading, MA 01867

$250,000

1

Beds

1

Baths

813

Sq Ft

$308

Price/Sq Ft

1970

Year Built

2

Parking

Condominium

Type

13

Days on Market

Sold Listed Jul 15, 2017 • MLS# 72198544 Copied! • Updated Sep 26, 2017

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Sale Statistics

Sale Overview

Original List Price: $225,000

Final Sale Price: $250,000

Difference: +$25,000 (+11.1%)

Performance Metrics

111.1%

List to Sale Ratio

Sold above asking price

13

Days on Market

Quick sale

Price per Square Foot Analysis

Original $/sq ft: $277

Sale $/sq ft: $308

This property sold for $308 per square foot

Sale Summary

This property sold for 11.1% above the original asking price, indicating strong buyer demand.

With only 13 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

$308/sq ft

Area Median

$492/sq ft

Difference

37.4%

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

About this home

Large one bedroom unit at Summit Towers! Eat-in kitchen, large living room, one corner of which is often used as a dining area, and large bedroom with generous walk-in closet. Slider off living room opens to 12' balcony - plenty of room for a patio table and chairs to enjoy this summer. Building has an elevator, common laundry area, plenty of parking, extra storage, pool. Well managed and maintained complex with good reserves and high owner occupancy. Roofs on all three buildings are about 8 years old. Boilers in all three buildings have been replaced more recently.

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

10%

Price Range

15

Total Days on Market

Property Timeline

✓

Sold

Sep 21, 2017

$250,000

Property sold

Days on Market: 15

🏠

Listed for Sale

Jul 15, 2017

$225,000

Original listing

Agent: Kathy Devine Office: ERA Key Realty Services

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
09/21/2017	✓ Sold	$250,000	-	-	Property sold
07/15/2017	🏠 Listed for Sale	$225,000	-	-	Original listing

Tax History

Year	Taxes	Assessment
2017	$3,226	$229,900

Financial Details

Annual Property Tax

$3,226

Tax Year 2017

HOA Fee

$297

Per month

Assessed Value

$229,900

Facts & Features

Central AC

Home Facts

Type Residential

Style Condominium

Year Built 1970

Living Area 813 sq ft

Bedrooms 1

Full Baths 1

Total Rooms 3

Interior

Heating Central, Natural Gas

Cooling Central Air

Flooring Tile, Carpet

Appliances Range, Dishwasher, Microwave, Refrigerator

Fireplace None

Basement N

Laundry None

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, Guest

Total Spaces 2

Utilities

Electric Circuit Breakers, 60 Amps/less

Water Public

Sewer Public Sewer

Gas None

Other For Electric Range

Financial

Annual Tax $3,226

Assessed Value $229,900

HOA & Community

HOA Fee $297

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

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

Optional Fee Includes None

Owner-Occupied Units 135

Pets Yes w/ Restrictions

MA Disclosures

Seller Disclosures None

Additional Details

Possession None

Accepted Financing None

Structure Type ["Garden","Mid-Rise"]

Unit/Building 22

Sq Ft Source Other

Sq Ft Disclosures Public record and condo docs state 1095

Documents Master Deed, Rules & Regs (2)

County Middlesex

Total market time (incl. prior listings) 15 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1970

Bedrooms

1

Full Bathrooms

1

Living Area

813 sq ft

Total Rooms

3

Stories

1

Entry Level

2

Floor Layout

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

Interior Features

Flooring: Tile, Carpet

Appliances: Range, Dishwasher, Microwave, Refrigerator

Interior Features:

Windows: Insulated Windows

Basement: N

Laundry:

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

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, Guest

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 # 22, Reading MA 01867

Reading, MA 01867

Listing Information

Listing Agent Kathy Devine

Agent MLS ID B0389168

Office MLS ID AN2773

Listing Data Updated Sep 26, 2017 8:29 AM EDT

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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