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2 Summit Drive # 49, Reading MA 01867

Reading, MA 01867
$400,000
Est. $3,045/month
2
Beds
2
Baths
1,116
Sq Ft
$358
Price/Sq Ft
1979
Year Built
20
Days on Market
Closed Listed Sep 22, 2021 • MLS# 72898692 Copied!

About this home

Outstanding condominium at desirable Summit Towers. This rare and desirable 1116+ sq. ft. residence on 4th floor has 2 bedrooms and 2. full bathrooms with gorgeous views . This updated kitchen opens to family room and dining room/that goes to exterior Balcony which gets lots of natural sunlight. with great views. Enjoy the master bedroom suite with large Walk in closet and bathroom. Spacious second bedroom with generous closet space. Large entryway with additional closet space throughout. Professionally managed building w/ elevator, parking laundry & in-ground pool,showings begin on Friday 2;00-3;00 & Sunday 11;00-12;00 They do not have open houses here.... But i will be there

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1979
Bedrooms
2
Full Bathrooms
2
Living Area
1,116 sq ft
Total Rooms
5
Stories
1
Entry Level
4

Sale Statistics

Sale Overview
Original List Price: $369,000
Final Sale Price: $400,000
Difference: +$31,000 (+8.4%)
Performance Metrics
108.4%
List to Sale Ratio
Sold above asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $331
Sale $/sq ft: $358
This property sold for $358 per square foot
Sale Summary

This property sold for 8.4% above the original asking price, indicating strong buyer demand.

With only 20 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 1979
Living Area 1,116 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Central, Unit Control, Fan Coil
Cooling Central Air, Unit Control, Fan Coil
Flooring Hardwood
Appliances Range, Dishwasher, Refrigerator
Fireplace None
Basement N
Laundry In Building
Features None

Exterior

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

Parking

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

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,771
Assessed Value $345,500

Interior Features

Flooring: Hardwood
Appliances: Range, Dishwasher, Refrigerator
Interior Features:
Windows: Screens
Basement: N
Laundry: In Building
Security: Intercom

Construction & Materials

Year Built: 1979
Structure Type: Garden
Exterior Materials:
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

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

Exterior & Lot

Exterior Features: Balcony, Screens
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

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

Location

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Neighborhood

2 Summit Drive # 49, 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
0.8 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
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $398
Homeowners Insurance $200
HOA Fee $425/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
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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

37.5%
Price Range
22
Total Days on Market
3
Previous Sales

Property Timeline

Sold
Nov 12, 2021
$400,000
Property sold
Days on Market: 22
🏠
Listed for Sale
Sep 22, 2021
$369,000
Original listing
Agent: Louise Touchette Office: Coldwell Banker Realty - Lynnfield
Previous Transaction - MLS #72108781
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 10, 2017
$320,000
MLS #72108781
Previous Transaction - MLS #71240934
Full transaction history available when tracking began
🏷️
Previously Sold
Jul 11, 2011
$250,000
MLS #71240934
Previous Transaction - MLS #70339274
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 29, 2006
$273,000
MLS #70339274

Price & Status History

Date Event Price Change
Sep 22, 2021 New Listing Added $369,000
Mar 10, 2017 Sold $320,000
Jul 11, 2011 Sold $250,000
Mar 29, 2006 Sold $273,000

Market Statistics

Days on Market
20 days
Price per Sq Ft
$358

Tax History

Year Taxes Assessment
2021 $4,771 $345,500

Financial Details

Annual Property Tax
$4,771
Tax Year 2021
HOA Fee
$425
Monthly
Assessed Value
$345,500

Listing Information

Listing Office Coldwell Banker Realty - Lynnfield
Agent MLS ID C9501348
Office MLS ID AN6219
Listing Data Updated Nov 16, 2021 7:24 PM EST
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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