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1 Summit Drive # 34, Reading MA 01867

Reading, MA 01867
$290,000
Est. $2,333/month
1
Beds
1
Baths
818
Sq Ft
$355
Price/Sq Ft
1970
Year Built
4
Days on Market
Closed Listed Nov 25, 2022 • MLS# 73060722 Copied!

About this home

Incredible opportunity for maintenance free living awaits at Summit Towers Condominiums! Own your own home or a great investment! Move right in and enjoy your bright and sunny freshly painted living/dining room boasting slider access to your huge private balcony, perfect for that morning cup of coffee! Cabinet packed kitchen offers newer stainless steel appliances. A spacious bedroom has plush wall to wall carpeting and a huge walk in closet. Plenty of storage! Full bath with tile flooring completes the unit. HOA includes heat and hot water!!! Convenient coin-operated laundry in the basement of the building too! Plenty of parking! Easy commuter access to Routes 128 & 93! Close proximity to downtown Reading featuring commuter rail access, restaurants and shopping!

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Property Overview

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

Sale Statistics

Sale Overview
Original List Price: $295,000
Final Sale Price: $290,000
Difference: $5,000 (-1.7%)
Performance Metrics
98.3%
List to Sale Ratio
Sold below asking price
4
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $361
Sale $/sq ft: $355
This property sold for $355 per square foot
Sale Summary

This property sold for 1.7% below the original asking price.

With only 4 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 1970
Living Area 818 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Electric, Fan Coil
Cooling Central Air, Fan Coil
Flooring Tile, Vinyl, Carpet, Wood Laminate
Appliances Range, Dishwasher, Microwave, Refrigerator
Fireplace None
Basement N
Laundry In Building
Features None

Exterior

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

Parking

Features Common
Total Spaces 1

Utilities

Electric Circuit Breakers, 60 Amps/less
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $3,730
Assessed Value $279,800

Interior Features

Flooring: Tile, Vinyl, Carpet, Wood Laminate
Appliances: Range, Dishwasher, Microwave, Refrigerator
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: In Building
Security: Intercom

Construction & Materials

Year Built: 1970
Structure Type: Mid-Rise
Exterior Materials: Frame
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Electric, Fan Coil
Heating Zones: 1
Cooling: Central Air, Fan Coil
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: 1
Parking Features: Common

Location

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Neighborhood

1 Summit Drive # 34, 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
1.7 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
2.3 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
1.4 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
2.3 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
2.0 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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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 $356/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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Recently Sold Nearby

Property History

Market Insights

25.4%
Price Range
5
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Dec 16, 2022
$290,000
Property sold
Days on Market: 5
🏠
Listed for Sale
Nov 25, 2022
$295,000
Original listing
Agent: Maryellen Russo Office: Lamacchia Realty, Inc.
Previous Transaction - MLS #72081920
Full transaction history available when tracking began
🏷️
Previously Sold
Dec 14, 2016
$220,000
MLS #72081920

Price & Status History

Date Event Price Change
Nov 25, 2022 New Listing Added $295,000
Dec 14, 2016 Sold $220,000

Market Statistics

Days on Market
4 days
Price per Sq Ft
$355

Tax History

Year Taxes Assessment
2022 $3,730 $279,800

Financial Details

Annual Property Tax
$3,730
Tax Year 2022
HOA Fee
$356
Monthly
Assessed Value
$279,800

Listing Information

Listing Agent Maryellen Russo
Listing Office Lamacchia Realty, Inc.
Agent MLS ID CN212921
Office MLS ID AN5825
Listing Data Updated Dec 16, 2022 1:48 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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