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1 Summit Drive # 38, Reading MA 01867

Reading, MA 01867
$410,000
Est. $3,090/month
2
Beds
2
Baths
1,047
Sq Ft
$392
Price/Sq Ft
1970
Year Built
6
Days on Market
Closed Listed Apr 13, 2022 • MLS# 72966193 Copied!

About this home

**OHs are NOT allowed at this condo. Please schedule a showing** Highly sought-after Summit Towers offers convenience, comfort and the opportunity to live in RED HOT READING! This unit boasts pristine views from your private, screened-in balcony - this space is like having an additional room! Bright open concept allows for plenty of room to relax & entertain. Updated kitchen with granite countertops, newer SS appliances, tiled backsplash and under-counter lighting affords you the perfect place to cook and entertain. Large master bedroom has updated en-suite, walk-in closet and additional closet. Good sized second bedroom and updated 2nd bath round off this unit. Professionally managed elevator building, ample parking, on site laundry and additional storage available. Beat the heat and relax by the inground pool! Enjoy all Reading has to offer including great schools, shopping, dining, coffee shops & commuter rail. Summit Towers is a commuter’s dream w/nearby access to Routes 95 & 93.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
2
Full Bathrooms
2
Living Area
1,047 sq ft
Total Rooms
4
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $365,000
Final Sale Price: $410,000
Difference: +$45,000 (+12.3%)
Performance Metrics
112.3%
List to Sale Ratio
Sold above asking price
6
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $349
Sale $/sq ft: $392
This property sold for $392 per square foot
Sale Summary

This property sold for 12.3% above the original asking price, indicating strong buyer demand.

With only 6 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 6 similar properties sold within 0.5 miles in the last 90 days

This Property
$392/sq ft
Area Average
$237/sq ft
Difference
+65.3%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 1,047 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Individual, Unit Control
Cooling Unit Control
Flooring Tile, Carpet, Laminate
Appliances None
Fireplace None
Basement N
Laundry In Basement, Common Area, In Building
Features Internet Available - Unknown, Elevator

Exterior

Construction None
Architecture None
Roof Rubber
Features Balcony
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Assigned
Total Spaces 2

Utilities

Electric 60 Amps/less
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,659
Assessed Value $349,500

Interior Features

Flooring: Tile, Carpet, Laminate
Appliances:
Interior Features: Internet Available - Unknown, Elevator
Windows:
Basement: N
Laundry: In Basement, Common Area, In Building
Security: Intercom

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Individual, Unit Control
Heating Zones: 1
Cooling: Unit Control
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

Total Parking Spaces: 2
Parking Features: Off Street, Assigned

Location

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Neighborhood

1 Summit Drive # 38, 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 $388
Homeowners Insurance $200
HOA Fee $429/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

13.4%
Price Range
7
Total Days on Market
1
Previous Sales

Property Timeline

Sold
May 19, 2022
$410,000
Property sold
Days on Market: 7
🏠
Listed for Sale
Apr 13, 2022
$365,000
Original listing
Agent: Lauren O'Brien & Co. Team Office: Leading Edge Real Estate
Previous Transaction - MLS #72260227
Full transaction history available when tracking began
🏷️
Previously Sold
Jan 12, 2018
$355,000
MLS #72260227

Price & Status History

Date Event Price Change
Apr 13, 2022 New Listing Added $365,000
Jan 12, 2018 Sold $355,000

Market Statistics

Days on Market
6 days
Price per Sq Ft
$392

Tax History

Year Taxes Assessment
2022 $4,659 $349,500

Financial Details

Annual Property Tax
$4,659
Tax Year 2022
HOA Fee
$429
Monthly
Assessed Value
$349,500

Listing Information

Listing Agent Lauren O'Brien & Co. Team
Listing Office Leading Edge Real Estate
Agent MLS ID TM347568
Office MLS ID AN4648
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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