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506 Gazebo Circle # 506, Reading MA 01867

Reading, MA 01867
$355,000
Est. $2,691/month
2
Beds
1.5
Baths
1,178
Sq Ft
$301
Price/Sq Ft
1996
Year Built
49
Days on Market
Closed Listed Aug 10, 2017 • MLS# 72211864 Copied!

About this home

Pay under $2,400.00 month (assuming 30 year fixed rate). Build equity! Location, location, location: 10 miles from Boston! Sunny, bright & happy townhouse at the Summitt Village Condominium Complex on the Reading/Stoneham town line 2 minutes from I-95! This well appointed residence offers a very open and airy feel with 2 beds (master has walk in closet and private deck); updated baths and kitchen and all on over 1100 sq ft of living space spread out over 2 levels. Amenities include gas heating, and cooling, fireplace, garage parking, in unit laundry and generous storage. A residential community that is professionally managed, meticulously maintained and conveniently located in a quiet residential neighborhood yet moments to shopping, restaurants and the commuter rail.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1996
Bedrooms
2
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,178 sq ft
Total Rooms
5
Stories
2
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $415,000
Final Sale Price: $355,000
Difference: $60,000 (-14.5%)
Performance Metrics
85.5%
List to Sale Ratio
Sold below asking price
49
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $352
Sale $/sq ft: $301
This property sold for $301 per square foot
Sale Summary

This property sold for 14.5% below the original asking price.

The property spent 49 days on market before selling.

Nearby Sales Comparison

Based on 6 similar properties sold within 0.5 miles in the last 90 days

This Property
$301/sq ft
Area Average
$237/sq ft
Difference
+26.9%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1996
Living Area 1,178 sq ft
Bedrooms 2
Full Baths 1
Half Baths 1
Total Rooms 5

Interior

Heating Forced Air, Heat Pump, Natural Gas
Cooling Central Air
Flooring Wood, Tile
Appliances Dishwasher, Disposal, Cooktop
Fireplace Living Room
Fireplaces 1
Basement N
Laundry Third Floor, In Unit, Electric Dryer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Deck, Balcony
Pool None
Spa None
Fencing None
Patio/Porch Deck

Parking

Garage Spaces 1
Has Garage Yes
Features Attached, Off Street
Total Spaces 2

Utilities

Electric Circuit Breakers, 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Dryer

Financial

Annual Tax $4,527
Assessed Value $322,700

Interior Features

Flooring: Wood, Tile
Appliances: Dishwasher, Disposal, Cooktop
Interior Features:
Windows:
Basement: N
Laundry: Third Floor, In Unit, Electric Dryer Hookup
Security:

Construction & Materials

Year Built: 1996
Structure Type: Townhouse
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, Heat Pump, 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: Deck, Balcony
Patio & Porch: Deck
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Attached, Off Street

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, Park, Highway Access, Public School, T-Station

Location

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Neighborhood

506 Gazebo Circle # 506, Reading MA 01867

Reading, MA 01867

Walkability

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Nearby Schools

School information not available for this location.

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 $377
Homeowners Insurance $200
HOA Fee $319/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

60.9%
Price Range
50
Total Days on Market
3
Previous Sales

Property Timeline

Current Active Listing - MLS #73508154
Full transaction history available when tracking began
🏡
Currently Listed
Apr 28, 2026
$599,000
MLS #73508154 - Active
Previous Transaction - MLS #73289418
Full transaction history available when tracking began
🏷️
Previously Sold
Oct 25, 2024
$585,000
MLS #73289418
Previous Transaction - MLS #72941255
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 25, 2022
$465,000
MLS #72941255
Sold
Dec 5, 2017
$355,000
Property sold
Days on Market: 50
🏠
Listed for Sale
Aug 10, 2017
$359,900
Original listing
Agent: Nancy Ciampa McLaughlin Office: Redfin Corp.
Previous Transaction - MLS #71682462
Full transaction history available when tracking began
🏷️
Previously Sold
Jun 6, 2014
$234,000
MLS #71682462

Price & Status History

Date Event Price Change
Apr 28, 2026 Sold $599,000
Oct 25, 2024 Sold $585,000
Mar 25, 2022 Sold $465,000
Aug 10, 2017 New Listing Added $359,900
Jun 6, 2014 Sold $234,000

Market Statistics

Days on Market
49 days
Price per Sq Ft
$301

Tax History

Year Taxes Assessment
2017 $4,527 $322,700

Financial Details

Annual Property Tax
$4,527
Tax Year 2017
HOA Fee
$319
Monthly
Assessed Value
$322,700

Listing Information

Listing Agent Nancy Ciampa McLaughlin
Listing Office Redfin Corp.
Agent MLS ID BB980308
Office MLS ID NB3534
Listing Data Updated Dec 5, 2017 5:17 PM 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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