1 Summit Drive # 46, Reading MA 01867

Reading, MA 01867
$395,000
Est. $2,102/month
2
Beds
2
Baths
1,127
Sq Ft
$350
Price/Sq Ft
1970
Year Built
Condominium
Type
6
Days on Market
Closed Listed Sep 27, 2025 • MLS# 73176301

About this home

Premier Reading Location close to Commuter Routes in the Summit Towers! 2 Bedrooms 2 Full Bathrooms Garden style end unit on the 4th floor. This unit is in a secure building with a spacious lobby, an entryway with intercoms and buzzer entry, as well as an elevator. There is ample parking in the front and rear of the building, with access into the building as well. This particular unit has a large open Living/Dining Room that has a 3-pane sliding door out onto a generously sized private balcony. The kitchen comes with all appliances with space to accommodate a coffee bar, island, or pub style table. The primary bedroom has a walk-in closet as well as a private full bathroom. The second bedroom has lots of natural light with large windows that have custom built-in blinds, which is also a feature of the main bedroom. Included in the monthly fees are the Gas for heat, water & sewer as well as a gated outdoor in-ground pool! Newly renovated laundry room in the lower level of the building.

Sale Statistics

Sale Overview
Original List Price: $430,000
Final Sale Price: $395,000
Difference: $35,000 (-8.1%)
Performance Metrics
91.9%
List to Sale Ratio
Sold below asking price
6
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $382
Sale $/sq ft: $350
This property sold for $350 per square foot
Sale Summary

This property sold for 8.1% below the original asking price.

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

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1970
Bedrooms
2
Full Bathrooms
2
Living Area
1,127 sq ft
Total Rooms
5
Stories
1
Entry Level
4

Interior Features

Flooring
Tile, Carpet
Heating
Wall Furnace
Has Heating
Yes
Cooling
Unit Control
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Microwave, Refrigerator
Laundry Features
In Basement, In Building
Basement Details
N

Exterior & Structure

Roof
Shingle
Exterior Features
Balcony
Has Spa
No
Pool Features
Association, In Ground
Waterfront Property
No

Lot & Land

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Off Street, Paved

Utilities & Systems

Utilities Available
for Electric Range
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Security Features
Intercom

Community & HOA

Community Features
Pool, Laundromat, Highway Access, Public School
HOA Fee
$485
HOA Fee Frequency
Monthly
Association Amenities
Hot Water, Pool, Laundry, Elevator(s)
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$5,123
Tax Year
2023
Tax Assessed Value
$397,000
Zoning
A

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Building Name
Summit Towers
Common Walls
End Unit, 2+ Common Walls

Location

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Neighborhood

1 Summit Drive # 46, Reading MA 01867

Reading, MA 01867

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $427
Homeowners Insurance $200
HOA Fee $485
PMI $0

Property History

Market Insights

8.1%
Price Range
7
Total Days on Market

Property Timeline

Sold
Dec 4, 2023
$395,000
Property sold
Days on Market: 7
🏠
Listed for Sale
Nov 1, 2023
$430,000
Original listing
Agent: The Adams Home Team Office: Keller Williams Gateway Realty

Price & Status History

Date Event Price Change
Nov 1, 2023 New Listing Added $430,000

Market Statistics

Days on Market
6 days
Price per Sq Ft
$350

Tax History

Year Taxes Assessment
2023 $5,123 $397,000

Financial Details

Annual Property Tax
$5,123
Tax Year 2023
HOA Fee
$485
Monthly
Assessed Value
$397,000

Listing Information

Listing Agent The Adams Home Team
Listing Office Keller Williams Gateway Realty
Agent MLS ID TM329590
Office MLS ID AN5851

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