4 Summit Drive # 001, Reading MA 01867

Reading, MA 01867
$455,000
2
Beds
2
Baths
1,040
Sq Ft
$438
Price/Sq Ft
1985
Year Built
1
Garage Space
5
Days on Market
Sold Listed Jul 13, 2023 • MLS# 73135877 Copied! • Updated Aug 5, 2023

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Sale Statistics

Sale Overview
Original List Price: $399,950
Final Sale Price: $455,000
Difference: +$55,050 (+13.8%)
Performance Metrics
113.8%
List to Sale Ratio
Sold above asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $385
Sale $/sq ft: $438
This property sold for $438 per square foot
Sale Summary

This property sold for 13.8% above the original asking price, indicating strong buyer demand.

With only 5 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
$438/sq ft
Area Median
$508/sq ft
Difference
13.8%

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

About this home

OFFERS DUE TODAY! This spacious CORNER UNIT has lots of windows and loads of natural sunlight AND GARAGE PARKING!!! Living room with dining area, kitchen and two large bedrooms, 2 full baths. The primary bedroom is complete with walk in shower and large closet. Elevator brings you directly from the garage right to your floor for ease of living. Beautiful private balcony overlooking peaceful wooded landscape completes this lovely home. Updates include: new HVAC system, new flooring throughout, freshly painted, washer and dryer, new dishwasher and stove. Convenient location with easy access to 95 and the commuter rail. CONDO FEE includes HEAT, GAS,WATER and SEWER. This is a rare find and will not last!

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Recently Sold Nearby

Property History

Market Insights

32.4%
Price Range
6
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Aug 4, 2023
$455,000
Property sold
Days on Market: 6
🏠
Listed for Sale
Jul 13, 2023
$399,950
Original listing
Agent: Louise Touchette Team Office: Coldwell Banker Realty - Lynnfield
Previous Transaction - MLS #72384088
Full transaction history available when tracking began
🏷️
Previously Sold
Nov 30, 2018
$307,750
MLS #72384088

Tax History

Year Taxes Assessment
2022 $4,380 $347,900

Financial Details

Annual Property Tax
$4,380
Tax Year 2022
HOA Fee
$686
Monthly
Assessed Value
$347,900

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1985
Living Area 1,040 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Heat Pump
Cooling Central Air
Flooring Wood Laminate
Appliances Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry First Floor, In Unit
Features None

Exterior

Construction Brick, Stone
Architecture None
Roof Rubber
Features Porch
Pool None
Spa None
Fencing None
Patio/Porch Porch
Garage Spaces 1
Has Garage Yes
Features Under, Off Street, Deeded
Total Spaces 2
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $4,380
Assessed Value $347,900

HOA & Community

HOA Fee $686 Monthly
Fee Includes Heat, Gas, Water, Sewer, Insurance, Security, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities Hot Water, Elevator(s), Storage
Optional Fee Includes None
Pets Yes w/ Restrictions
Seller Disclosures Wall Mounted Tv Is Negotiable
Possession None
Accepted Financing Contract
Structure Type ["Garden"]
Unit/Building 001
Sq Ft Source Public Record
Documents Master Deed, Rules & Regs (2)
County Middlesex
Total market time (incl. prior listings) 6 days

Property Overview

Property Type
Condominium
Listing Type
Sold
Year Built
1985
Bedrooms
2
Full Bathrooms
2
Living Area
1,040 sq ft
Total Rooms
4
Stories
1
Entry Level
2

Floor Layout

Interior Features

Flooring: Wood Laminate
Appliances: Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: First Floor, In Unit
Security: Intercom, TV Monitor, Security System

Construction & Materials

Year Built: 1985
Structure Type: Garden
Exterior Materials: Brick, Stone
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Heat Pump
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Under, Off Street, Deeded
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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Location

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Neighborhood

4 Summit Drive # 001, Reading MA 01867

Reading, MA 01867

Listing Information

Listing Agent Louise Touchette Team
Listing Office Coldwell Banker Realty - Lynnfield
Office Phone 781-334-5700
Agent MLS ID TM350730
Office MLS ID AN6219
Listing Data Updated Aug 5, 2023 6:14 AM 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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