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1 Summit Drive # 38, Reading MA 01867

Reading, MA 01867
$355,000
Est. $2,665/month
2
Beds
2
Baths
1,047
Sq Ft
$339
Price/Sq Ft
1970
Year Built
12
Days on Market
Closed Listed Dec 1, 2017 • MLS# 72260227 Copied!

About this home

Totally renovated 3rd floor unit at popular Summit Towers in Reading! New granite kitchen. Two full updated bathrooms. All new stainless appliances. New flooring. Freshly painted. Sliders to balcony. Elevator building. Convenient to all major highways and commuter rail to Boston! Buyer's Agents: Please see "Special Showing Instructions" in MLS. to show.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
2
Full Bathrooms
2
Living Area
1,047 sq ft
Total Rooms
4
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $349,900
Final Sale Price: $355,000
Difference: +$5,100 (+1.5%)
Performance Metrics
101.5%
List to Sale Ratio
Sold above asking price
12
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $334
Sale $/sq ft: $339
This property sold for $339 per square foot
Sale Summary

This property sold for 1.5% above the original asking price, indicating strong buyer demand.

With only 12 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
$339/sq ft
Area Average
$237/sq ft
Difference
+43.0%

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 1,047 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Baseboard, Natural Gas
Cooling Central Air
Flooring Tile, Carpet, Laminate
Appliances Range, Dishwasher, Disposal, Refrigerator
Fireplace None
Basement N
Laundry In Building
Features None

Exterior

Construction Brick
Architecture None
Roof None
Features Balcony
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Assigned
Total Spaces 2

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $3,461
Assessed Value $246,700

Interior Features

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

Construction & Materials

Year Built: 1970
Effective Year (Renovated): 1981
Structure Type: Garden
Exterior Materials: Brick
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
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, Assigned

Location

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Neighborhood

1 Summit Drive # 38, 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

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
0.8 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
St. Joseph Elementary School
1.2 mi
Grades PK-08
M

Middle Schools

3 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-
Galvin Middle School
1.5 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
1.7 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
1.5 mi
Grades 09-12
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 $288
Homeowners Insurance $200
HOA Fee $381/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

14.7%
Price Range
13
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #72966193
Full transaction history available when tracking began
🏷️
Previously Sold
May 19, 2022
$410,000
MLS #72966193
Sold
Jan 12, 2018
$355,000
Property sold
Days on Market: 13
🏠
Listed for Sale
Dec 1, 2017
$349,900
Original listing
Agent: Stephen Conroy Office: Boardwalk Real Estate

Price & Status History

Date Event Price Change
May 19, 2022 Sold $410,000
Dec 1, 2017 New Listing Added $349,900

Market Statistics

Days on Market
12 days
Price per Sq Ft
$339

Tax History

Year Taxes Assessment
2017 $3,461 $246,700

Financial Details

Annual Property Tax
$3,461
Tax Year 2017
HOA Fee
$381
Monthly
Assessed Value
$246,700

Listing Information

Listing Agent Stephen Conroy
Listing Office Boardwalk Real Estate
Agent MLS ID B0387977
Office MLS ID B30601
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

Real-time market trends and pricing data for this area

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