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1 Summit Drive # 52, Reading MA 01867

Reading, MA 01867
$367,000
Est. $2,752/month
1
Beds
1
Baths
830
Sq Ft
$442
Price/Sq Ft
1970
Year Built
1
Days on Market
Closed Listed Oct 25, 2023 • MLS# 73174191 Copied!

About this home

This is it! The RARE opportunity to become the next happy home owner of a beautiful and updated single bedroom condo under $400K! The modern kitchen feels spacious and bright. It offers updated cabinets, counters and appliances with plenty of storage and prep space. This space has been opened into the oversized living room that enjoys a wall of sliding glass doors that let the sun pour in. The bedroom has a HUGE walk in closet with custom storage. This 5th floor unit has a fabulous spot in the development. You'll love looking out into the tree tops from your oversized deck. Sought after, well managed condominium that allows cats - condo fee includes heat and hot water! The building itself offers easy parking for residents & guests, welcoming foyer with elevator, big laundry room plus bonus storage. There are no open houses allowed per the management company, to view this condo you'll need to schedule a private showing. Showings are easy to book and begin Thursday, don't miss it

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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
5

Sale Statistics

Sale Overview
Original List Price: $369,000
Final Sale Price: $367,000
Difference: $2,000 (-0.5%)
Performance Metrics
99.5%
List to Sale Ratio
Sold below asking price
1
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $445
Sale $/sq ft: $442
This property sold for $442 per square foot
Sale Summary

This property sold for 0.5% below the original asking price.

With only 1 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
$442/sq ft
Area Average
$237/sq ft
Difference
+86.4%

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 Forced Air, Unit Control
Cooling Central Air, Unit Control
Flooring Wood, Tile, Carpet
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement N
Laundry In Basement, Common Area, In Building
Features Internet Available - Unknown

Exterior

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

Parking

Features Off Street, Common

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $4,082
Assessed Value $324,200

Interior Features

Flooring: Wood, Tile, Carpet
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features: Internet Available - Unknown
Windows:
Basement: N
Laundry: In Basement, Common Area, In Building
Security:

Construction & Materials

Year Built: 1970
Structure Type: Garden
Exterior Materials:
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Unit Control
Heating Zones: 1
Cooling: Central Air, 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

Parking Features: Off Street, Common

Location

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Neighborhood

1 Summit Drive # 52, 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 $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

12.6%
Price Range
2
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73219248
Full transaction history available when tracking began
🏷️
Previously Sold
May 16, 2024
$420,000
MLS #73219248
Sold
Nov 14, 2023
$367,000
Property sold
Days on Market: 2
🏠
Listed for Sale
Oct 25, 2023
$369,000
Original listing
Agent: The Lisa Sevajian Group Office: Compass

Price & Status History

Date Event Price Change
May 16, 2024 Sold $420,000
Oct 25, 2023 New Listing Added $369,000

Market Statistics

Days on Market
1 days
Price per Sq Ft
$442

Tax History

Year Taxes Assessment
2023 $4,082 $324,200

Financial Details

Annual Property Tax
$4,082
Tax Year 2023
HOA Fee
$356
Monthly
Assessed Value
$324,200

Listing Information

Listing Office Compass
Agent MLS ID TM333680
Office MLS ID AN7000
Listing Data Updated Nov 14, 2023 3:27 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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Market Analytics for Reading, MA

Real-time market trends and pricing data for this area

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