3 Summit Drive # 68, Reading MA 01867

Reading, MA 01867
$350,000
1
Beds
1
Baths
795
Sq Ft
$440
Price/Sq Ft
1970
Year Built
2
Parking
14
Days on Market
Sold Listed Aug 25, 2021 • MLS# 72885907 Copied! • Updated Oct 6, 2021

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Sale Statistics

Sale Overview
Original List Price: $299,900
Final Sale Price: $350,000
Difference: +$50,100 (+16.7%)
Performance Metrics
116.7%
List to Sale Ratio
Sold above asking price
14
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $377
Sale $/sq ft: $440
This property sold for $440 per square foot
Sale Summary

This property sold for 16.7% above the original asking price, indicating strong buyer demand.

With only 14 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 7 similar properties sold within 0.5 miles in the last 90 days

This Property
$440/sq ft
Area Median
$508/sq ft
Difference
13.4%

This property sold below the area median, potentially representing good value for the buyer.

About this home

Highly sought-after Summit Towers offers convenience, comfort, & opportunity to live in RED HOT READING for an affordable price! Single bed, one bath unit boasting pristine, panoramic penthouse views of lush foliage and Lake Quannapowitt. Bright & cozy open concept featuring bamboo floors allows plenty of room to relax & entertain. Work from home with ease, enjoy natural sunlight, nature views, & oversized deck. Eat in kitchen offers plenty of granite countertop space as well as storage, & stainless-steel appliances. Generous size bedroom accommodates king bed & full bedroom set, automatic black out shades a bonus! Parking is a breeze, on site laundry and additional storage available. Beat the heat and chill by the inground pool on site! Enjoy all downtown Reading has to offer including shopping, dining, coffee, & commuter rail. Summit Towers is truly a commuters dream with instant access to Route 128 & 93. This must-see unit is a rare find that won't stick around!

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Recently Sold Nearby

Property History

Market Insights

49.7%
Price Range
15
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Oct 6, 2021
$350,000
Property sold
Days on Market: 15
🏠
Listed for Sale
Aug 25, 2021
$299,900
Original listing
Agent: Jamie Conn Office: Classified Realty Group
Previous Transaction - MLS #71081570
Full transaction history available when tracking began
🏷️
Previously Sold
Aug 19, 2010
$176,000
MLS #71081570

Tax History

Year Taxes Assessment
2021 $3,803 $275,400

Financial Details

Annual Property Tax
$3,803
Tax Year 2021
HOA Fee
$289
Monthly
Assessed Value
$275,400

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 795 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Central, Fan Coil
Cooling Central Air, Fan Coil
Flooring Tile, Laminate, Bamboo
Appliances Range, Dishwasher, Microwave, Refrigerator
Fireplace None
Basement N
Laundry In Building
Features Entry Hall

Exterior

Construction Brick
Architecture None
Roof Rubber
Features Balcony, City View(s)
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch None
Features Deeded
Total Spaces 2
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range
Annual Tax $3,803
Assessed Value $275,400

HOA & Community

HOA Fee $289 Monthly
Fee Includes Heat, Water, Sewer, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal
Amenities Hot Water, Pool, Laundry, Elevator(s), Storage
Optional Fee Includes None
Pets Yes w/ Restrictions
Seller Disclosures Seller Related To Listing Agent
Possession None
Accepted Financing None
Structure Type ["Garden"]
Unit/Building 68
Sq Ft Source Measured
Sq Ft Disclosures measurements are approximate
Documents None
County Middlesex
Total market time (incl. prior listings) 15 days

Property Overview

Property Type
Condominium
Listing Type
Sold
Year Built
1970
Bedrooms
1
Full Bathrooms
1
Living Area
795 sq ft
Total Rooms
3
Stories
1
Entry Level
6

Floor Layout

Interior Features

Flooring: Tile, Laminate, Bamboo
Appliances: Range, Dishwasher, Microwave, Refrigerator
Interior Features: Entry Hall
Windows:
Basement: N
Laundry: In Building
Security: Intercom, TV Monitor

Construction & Materials

Year Built: 1970
Structure Type: Garden
Exterior Materials: Brick
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

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

Exterior & Lot

Exterior Features: Balcony, City View(s)
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Deeded

Special Features

View: Yes
View Type: City
Community Amenities: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School
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
0.8 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
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
2.2 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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Location

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Neighborhood

3 Summit Drive # 68, Reading MA 01867

Reading, MA 01867

Listing Information

Listing Agent Jamie Conn
Listing Office Classified Realty Group
Office Phone 781-944-1901
Agent MLS ID CN209676
Office MLS ID AN1116
Listing Data Updated Oct 6, 2021 4:19 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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