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4 Summit Drive # 603, Reading MA 01867

Reading, MA 01867
$450,000
Est. $3,882/month
2
Beds
2
Baths
1,298
Sq Ft
$347
Price/Sq Ft
1985
Year Built
17
Days on Market
Closed Listed Sep 29, 2021 • MLS# 72901764 Copied!

About this home

What an opportunity to own this top floor corner PENTHOUSE unit with a wrap around terrace. Situated in the lovely town of Reading you have everything you need with in minutes . This 2 bedroom 2 bathroom open concept condo is what you have been waiting for. Spacious bedrooms on each side give total privacy with a great kitchen for entertaining . Saving the best for last is a beautiful fully private 350 square foot terrace which is great for dining al fresco or enjoying your coffee and watching the trees change colors. Washer dryer in unit and covered parking spot are included with condo.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1985
Bedrooms
2
Full Bathrooms
2
Living Area
1,298 sq ft
Total Rooms
4
Stories
1
Entry Level
6
Main Level Bedrooms
2

Sale Statistics

Sale Overview
Original List Price: $415,000
Final Sale Price: $450,000
Difference: +$35,000 (+8.4%)
Performance Metrics
108.4%
List to Sale Ratio
Sold above asking price
17
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $320
Sale $/sq ft: $347
This property sold for $347 per square foot
Sale Summary

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

With only 17 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1985
Living Area 1,298 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Central, Forced Air
Cooling Central Air
Flooring Tile, Carpet, Laminate
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Range Hood, Plumbed For Ice Maker
Fireplace None
Basement N
Laundry Electric Dryer Hookup
Features None

Exterior

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

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Off Street, Assigned, Deeded, Paved, Exclusive Parking
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven, For Electric Dryer, Icemaker Connection

Financial

Annual Tax $5,022
Assessed Value $363,700

Interior Features

Flooring: Tile, Carpet, Laminate
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Range Hood, Plumbed For Ice Maker
Interior Features:
Windows:
Basement: N
Laundry: Electric Dryer Hookup
Security: Intercom

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Central, Forced Air
Heating Zones: 2
Cooling: Central Air
Cooling Zones: 2
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Deck - Roof
Patio & Porch: Deck - Roof
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 1
Parking Features: Under, Off Street, Assigned, Deeded, Paved, Exclusive Parking

Location

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Neighborhood

4 Summit Drive # 603, 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
1.8 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
2.1 mi
116 students Moderate
Grades PK
A-
Birch Meadow School
2.3 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
2.4 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
3.3 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
1.5 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
2.3 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
2.1 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 $419
Homeowners Insurance $200
HOA Fee $988/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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Property History

Market Insights

7.8%
Price Range
19
Total Days on Market

Property Timeline

Sold
Nov 5, 2021
$450,000
Property sold
Days on Market: 19
🏠
Listed for Sale
Sep 29, 2021
$415,000
Original listing
Office: eXp Realty

Price & Status History

Date Event Price Change
Sep 29, 2021 New Listing Added $415,000

Market Statistics

Days on Market
17 days
Price per Sq Ft
$347

Tax History

Year Taxes Assessment
2021 $5,022 $363,700

Financial Details

Annual Property Tax
$5,022
Tax Year 2021
HOA Fee
$988
Per month
Assessed Value
$363,700

Listing Information

Listing Office eXp Realty LLC - Corporate Office
Agent MLS ID TM330428
Office MLS ID AC0342
Listing Data Updated Nov 9, 2021 3:19 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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