BMN Boston

Get our mobile app!

Download on the App Store

1 Summit Drive # 62, Reading MA 01867

Reading, MA 01867
$380,000
Est. $2,818/month
1
Beds
1
Baths
830
Sq Ft
$458
Price/Sq Ft
1970
Year Built
14
Days on Market
Closed Listed Aug 7, 2023 • MLS# 73145597 Copied!

About this home

Enjoy the penthouse view and the amenities this large one bedroom unit has to offer starting with the large, private, screened in balcony off the living room. The kitchen is cabinet packed and has a large island with 2 stools, ceramic tile flooring and a new SS stove! Large bedroom boasts a walk-in closet. The bath was redone a few years ago. The living room is set up so that a dining area can be arranged if the eat in kitchen does not meet your need to accomodate more than two diners! Carpet in living room needs replacement. Other than that, the unit is in move in condition. Additional parking in basement, in-ground pool, new laundry equipment and ample parking are all a 'plus'. Open Houses are NOT allowed. So, make an appointment!

View in the App

Save this property, schedule tours instantly, and get alerts when the price drops

Scan to download BMN Boston app Scan with phone
Get the full experience in the BMN Boston app

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
1
Full Bathrooms
1
Living Area
830 sq ft
Total Rooms
3
Stories
1
Entry Level
6

Sale Statistics

Sale Overview
Original List Price: $359,900
Final Sale Price: $380,000
Difference: +$20,100 (+5.6%)
Performance Metrics
105.6%
List to Sale Ratio
Sold above asking price
14
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $434
Sale $/sq ft: $458
This property sold for $458 per square foot
Sale Summary

This property sold for 5.6% above the original asking price, indicating strong buyer demand.

With only 14 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
$458/sq ft
Area Average
$237/sq ft
Difference
+93.1%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 830 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Central, Natural Gas, Unit Control, Fan Coil
Cooling Central Air
Flooring Tile, Carpet
Appliances Range, Dishwasher, Microwave, Refrigerator
Fireplace None
Basement N
Laundry Common Area, In Building
Features None

Exterior

Construction Frame
Architecture None
Roof Tar/gravel
Features Balcony
Pool Association
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Common
Total Spaces 2

Utilities

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

Financial

Annual Tax $4,082
Assessed Value $324,000

Interior Features

Flooring: Tile, Carpet
Appliances: Range, Dishwasher, Microwave, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry: Common Area, In Building
Security: Intercom

Construction & Materials

Year Built: 1970
Effective Year (Renovated): 1981
Structure Type: Garden
Exterior Materials: Frame
Roof: Tar/Gravel
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Natural Gas, Unit Control, Fan Coil
Heating Zones: 1
Cooling: Central Air
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, Common

Location

Loading map...

Neighborhood

1 Summit Drive # 62, Reading MA 01867

Reading, MA 01867

Walkability

Loading Walk Score...

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 $340
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.

Property History

Market Insights

14.3%
Price Range
15
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73397824
Full transaction history available when tracking began
🏷️
Previously Sold
Aug 15, 2025
$420,000
MLS #73397824
Sold
Nov 16, 2023
$380,000
Property sold
Days on Market: 15
🏠
Listed for Sale
Aug 7, 2023
$359,900
Original listing
Agent: Kathy Devine Office: ERA Key Realty Services

Price & Status History

Date Event Price Change
Aug 15, 2025 Sold $420,000
Aug 7, 2023 New Listing Added $359,900

Market Statistics

Days on Market
14 days
Price per Sq Ft
$458

Tax History

Year Taxes Assessment
2023 $4,082 $324,000

Financial Details

Annual Property Tax
$4,082
Tax Year 2023
HOA Fee
$356
Per month
Assessed Value
$324,000

Listing Information

Listing Agent Kathy Devine
Listing Office ERA Key Realty Services
Agent MLS ID B0389168
Office MLS ID AC1820
Listing Data Updated Nov 16, 2023 1:40 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Reading, MA

Real-time market trends and pricing data for this area

1 Summit Drive # 62, Reading MA 01867 - Photo 1 1 Summit Drive # 62, Reading MA 01867 - Photo 2 1 Summit Drive # 62, Reading MA 01867 - Photo 3 1 Summit Drive # 62, Reading MA 01867 - Photo 4 1 Summit Drive # 62, Reading MA 01867 - Photo 5 1 Summit Drive # 62, Reading MA 01867 - Photo 6 1 Summit Drive # 62, Reading MA 01867 - Photo 7 1 Summit Drive # 62, Reading MA 01867 - Photo 8 1 Summit Drive # 62, Reading MA 01867 - Photo 9
BMN Boston Real Estate

BMN Boston Real Estate

Douglas Elliman

Your message will be sent to BMN Boston Real Estate.

Schedule a Tour