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2 Summit Drive # 65, Reading MA 01867

Reading, MA 01867
$365,000
Est. $2,769/month
2
Beds
2
Baths
1,118
Sq Ft
$326
Price/Sq Ft
1970
Year Built
7
Days on Market
Closed Listed Jan 26, 2019 • MLS# 72446130 Copied!

About this home

Rare find in sought after Summit Towers. Don't miss this opportunity to get an updated top floor end unit with seasonal views of Lake Quannapowitt! New laminate flooring, all freshly painted, new doors, updated bathrooms, granite counters, GE stainless steel appliances, all new heating coils, additional storage in basement, convenient to highways shopping and downtown area of Reading. You will also enjoy the private outdoor space provided by the balcony and the use of the in-ground pool on those hot summer days . It is important to mentioned the ample common parking for two cars and guest parking. Condo fee includes all your utilities except for electric and cable bills. As for PETS -- sorry only cats allowed! PLEASE SUBMIT ANY AND ALL OFFERS ON THURS, 1/31/19 BY NOON- text if submitting an offer.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
2
Full Bathrooms
2
Living Area
1,118 sq ft
Total Rooms
5
Stories
1
Entry Level
6

Sale Statistics

Sale Overview
Original List Price: $349,900
Final Sale Price: $365,000
Difference: +$15,100 (+4.3%)
Performance Metrics
104.3%
List to Sale Ratio
Sold above asking price
7
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $313
Sale $/sq ft: $326
This property sold for $326 per square foot
Sale Summary

This property sold for 4.3% above the original asking price, indicating strong buyer demand.

With only 7 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
$326/sq ft
Area Average
$237/sq ft
Difference
+37.5%

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 1,118 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Central
Cooling Central Air, Fan Coil
Flooring Tile, Laminate
Appliances Range, Dishwasher, Disposal, Refrigerator
Fireplace None
Basement N
Laundry Common Area, In Building
Features None

Exterior

Construction Frame
Architecture None
Roof Rubber
Features Balcony
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch None

Parking

Features Common, Paved
Total Spaces 2

Utilities

Electric 60 Amps/less
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $3,816
Assessed Value $268,200

Interior Features

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

Construction & Materials

Year Built: 1970
Effective Year (Renovated): 1981
Structure Type: Garden, High-Rise
Exterior Materials: Frame
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central
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: Common, Paved

Location

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Neighborhood

2 Summit Drive # 65, 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
1.1 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
1.5 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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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 $318
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

31.5%
Price Range
8
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Mar 29, 2019
$365,000
Property sold
Days on Market: 8
🏠
Listed for Sale
Jan 26, 2019
$349,900
Original listing
Agent: Patricia DeWolfe Office: Leading Edge Real Estate
Previous Transaction - MLS #72089743
Full transaction history available when tracking began
🏷️
Previously Sold
Jan 27, 2017
$250,000
MLS #72089743

Price & Status History

Date Event Price Change
Jan 26, 2019 New Listing Added $349,900
Jan 27, 2017 Sold $250,000

Market Statistics

Days on Market
7 days
Price per Sq Ft
$326

Tax History

Year Taxes Assessment
2019 $3,816 $268,200

Financial Details

Annual Property Tax
$3,816
Tax Year 2019
HOA Fee
$405
Monthly
Assessed Value
$268,200

Listing Information

Listing Agent Patricia DeWolfe
Listing Office Leading Edge Real Estate
Agent MLS ID B0308253
Office MLS ID AN4648
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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