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4 Summit Drive # 414, Reading MA 01867

Reading, MA 01867
$240,000
Est. $2,231/month
1
Beds
1.5
Baths
817
Sq Ft
$294
Price/Sq Ft
1985
Year Built
25
Days on Market
Closed Listed Jun 16, 2019 • MLS# 72519633 Copied!

About this home

PRICED $50k below last similar sales. This is a great opportunity for the savvey buyer to make desirable Summit Terrace their home and build quick equity by updating and adding their own touches to this 814 sq ft ONE BEDROOM Summit Terrace Condominium. This 4th floor condo has nice size rooms, a king size master bedroom with private bath, lots of storage, a private balcony, in unit laundry, a half bath for quests, additional storage and a deeded garage parking space (C-21). Easy access to highways (93 and 128), commuter rail, restaurant and shopping.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1985
Bedrooms
1
Full Bathrooms
1
Half Bathrooms
1
Living Area
817 sq ft
Total Rooms
3
Stories
1
Entry Level
4

Sale Statistics

Sale Overview
Original List Price: $249,900
Final Sale Price: $240,000
Difference: $9,900 (-4.0%)
Performance Metrics
96.0%
List to Sale Ratio
Sold below asking price
25
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $306
Sale $/sq ft: $294
This property sold for $294 per square foot
Sale Summary

This property sold for 4.0% below the original asking price.

With only 25 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
$294/sq ft
Area Average
$237/sq ft
Difference
+24.0%

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 1985
Living Area 817 sq ft
Bedrooms 1
Full Baths 1
Half Baths 1
Total Rooms 3

Interior

Heating Baseboard, Natural Gas
Cooling Central Air, Heat Pump
Flooring None
Appliances None
Fireplace None
Basement Y
Laundry Fourth Floor, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

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

Parking

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

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup

Financial

Annual Tax $3,562
Assessed Value $250,300

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Y
Laundry: Fourth Floor, Electric Dryer Hookup, Washer Hookup
Security: Intercom

Construction & Materials

Year Built: 1985
Structure Type: Garden
Exterior Materials: Brick, Stone
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Cooling: Central Air, Heat Pump
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

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

Location

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Neighborhood

4 Summit Drive # 414, 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 $297
Homeowners Insurance $200
HOA Fee $521/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

41.7%
Price Range
78
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73274554
Full transaction history available when tracking began
🏷️
Previously Sold
Sep 13, 2024
$412,000
MLS #73274554
Sold
Aug 12, 2019
$240,000
Property sold
Days on Market: 78
🏠
Listed for Sale
Jun 16, 2019
$249,900
Original listing
Agent: Joyce N. Kiley Office: Boardwalk Real Estate

Price & Status History

Date Event Price Change
Sep 13, 2024 Sold $412,000
Jun 16, 2019 New Listing Added $249,900

Market Statistics

Days on Market
25 days
Price per Sq Ft
$294

Tax History

Year Taxes Assessment
2019 $3,562 $250,300

Financial Details

Annual Property Tax
$3,562
Tax Year 2019
HOA Fee
$521
Monthly
Assessed Value
$250,300

Listing Information

Listing Agent Joyce N. Kiley
Listing Office Boardwalk Real Estate
Agent MLS ID B0303022
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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