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4 Summit Drive # 310, Reading MA 01867

Reading, MA 01867
$311,500
Est. $2,622/month
1
Beds
1.5
Baths
817
Sq Ft
$381
Price/Sq Ft
1985
Year Built
55
Days on Market
Closed Listed Jan 17, 2020 • MLS# 72608948 Copied!

About this home

Just in time for Spring!!! Fantastic opportunity to own a beautiful 1 bedroom home at the desirable Summit Terrace Condominiums. Located on the 3rd floor of this elevator building, you will find this beautiful 1 bedroom, 1.5 bath condo featuring an updated kitchen with SS appliances, granite countertops, and Kraftmaid cabinets. The layout is perfect for entertaining with an updated half bath and open area dining room leading to a spacious living room with private balcony. The large Master bedroom boasts a full bathroom and walk-in closet. Luxury condo living at its finest in a tranquil environment with 1 car garage parking, Central AC, Washer/Dryer in unit, and extra storage in the lower level. Don't hesitate.....schedule your showings today!!!

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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
3

Sale Statistics

Sale Overview
Original List Price: $309,000
Final Sale Price: $311,500
Difference: +$2,500 (+0.8%)
Performance Metrics
100.8%
List to Sale Ratio
Sold above asking price
55
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $378
Sale $/sq ft: $381
This property sold for $381 per square foot
Sale Summary

This property sold for 0.8% above the original asking price, indicating strong buyer demand.

The property spent 55 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
$381/sq ft
Area Average
$237/sq ft
Difference
+60.7%

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 Forced Air
Cooling Central Air
Flooring Tile, Carpet
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry Third Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Features High Speed Internet

Exterior

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

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Deeded, Paved
Total Spaces 1

Utilities

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

Financial

Annual Tax $3,729
Assessed Value $267,300

Interior Features

Flooring: Tile, Carpet
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: High Speed Internet
Windows:
Basement: N
Laundry: Third Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1985
Structure Type: Garden, Mid-Rise
Exterior Materials: Brick
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air
Heating Zones: 1
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

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 1
Parking Features: Under, Deeded, Paved

Location

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Neighborhood

4 Summit Drive # 310, 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 $311
Homeowners Insurance $200
HOA Fee $536/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

24%
Price Range
61
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73258099
Full transaction history available when tracking began
🏷️
Previously Sold
Jul 24, 2024
$400,000
MLS #73258099
Sold
Apr 22, 2020
$311,500
Property sold
Days on Market: 61
🏠
Listed for Sale
Jan 17, 2020
$304,000
Original listing
Agent: The Stakem Group Office: Leading Edge Real Estate

Price & Status History

Date Event Price Change
Jul 24, 2024 Sold $400,000
Jan 17, 2020 New Listing Added $304,000

Market Statistics

Days on Market
55 days
Price per Sq Ft
$381

Tax History

Year Taxes Assessment
2020 $3,729 $267,300

Financial Details

Annual Property Tax
$3,729
Tax Year 2020
HOA Fee
$536
Monthly
Assessed Value
$267,300

Listing Information

Listing Agent The Stakem Group
Listing Office Leading Edge Real Estate
Agent MLS ID TM302299
Office MLS ID AN4648
Listing Data Updated Apr 22, 2020 4:00 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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Market Analytics for Reading, MA

Real-time market trends and pricing data for this area

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