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3 Summit # 47, Reading MA 01867

Reading, MA 01867
$250,000
Est. $1,980/month
1
Beds
1
Baths
806
Sq Ft
$310
Price/Sq Ft
1970
Year Built
3
Days on Market
Closed Listed Jul 25, 2019 • MLS# 72539732 Copied!

About this home

3 Summit Drive unit 47 is an upper level unit with views of Lake quannapowit from the living room / screened balcony. Featuring a large bedroom, kitchen and full bath this unit is ideal for the 1st time home buyer, downsizer, and or investor. perfect rental alternative at this price. This is one of the larger 1 bedroom floor plan layouts in the building. Heat and Hot Water included in the condo fee. Building 3 is in close proximity to the swimming pool.

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Property Overview

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

Sale Statistics

Sale Overview
Original List Price: $250,000
Final Sale Price: $250,000
Difference: +$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
3
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $310
Sale $/sq ft: $310
This property sold for $310 per square foot
Sale Summary

This property sold exactly at the asking price.

With only 3 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 806 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Central
Cooling Central Air
Flooring Tile, Carpet
Appliances Range, Dishwasher, Microwave, Refrigerator
Fireplace None
Basement N
Laundry In Building
Features None

Exterior

Construction Brick
Architecture None
Roof Rubber
Features Porch - Screened, Covered Patio/deck, Balcony, City View(s)
Pool None
Spa None
Fencing None
Patio/Porch Screened, Covered

Parking

Features Off Street, Common, Guest, Paved
Total Spaces 2

Utilities

Electric 110 Volts
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven

Financial

Annual Tax $2,894
Assessed Value $203,400

Interior Features

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

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Central
Heating Zones: 1
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch - Screened, Covered Patio/Deck, Balcony, City View(s)
Patio & Porch: Screened, Covered
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Common, Guest, Paved

Special Features

View: Yes
View Type: City
Community Amenities:

Location

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Neighborhood

3 Summit # 47, Reading MA 01867

Reading, MA 01867

Walkability

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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
0.9 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
1.7 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
2.0 mi
116 students Moderate
Grades PK
A-
Birch Meadow School
2.2 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
2.3 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
3.2 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
1.4 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
Arthur W Coolidge Middle School
2.2 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
2.3 mi
Grades 06-12
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 $241
Homeowners Insurance $200
HOA Fee $275/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.

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Recently Sold Nearby

Property History

Market Insights

4
Total Days on Market

Property Timeline

Sold
Sep 13, 2019
$250,000
Property sold
Days on Market: 4
🏠
Listed for Sale
Jul 25, 2019
$250,000
Original listing
Agent: The Leva Group Office: Gibson Sotheby's International Realty

Price & Status History

Date Event Price Change
Jul 25, 2019 New Listing Added $250,000

Market Statistics

Days on Market
3 days
Price per Sq Ft
$310

Tax History

Year Taxes Assessment
2019 $2,894 $203,400

Financial Details

Annual Property Tax
$2,894
Tax Year 2019
HOA Fee
$275
Monthly
Assessed Value
$203,400

Listing Information

Listing Agent The Leva Group
Listing Office Gibson Sotheby's International Realty
Agent MLS ID TM321211
Office MLS ID BB9059
Listing Data Updated Sep 13, 2019 5:10 PM EDT
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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