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3 Summit Drive # 26, Reading MA 01867

Reading, MA 01867
$460,000
Est. $3,409/month
2
Beds
2
Baths
1,095
Sq Ft
$420
Price/Sq Ft
1970
Year Built
5
Days on Market
Closed Listed Jan 24, 2024 • MLS# 73196178 Copied!

About this home

Welcome to this move-in ready condo located at 3 Summit Drive in Reading. This spacious corner unit offers 2 bedrooms, 2 full bathrooms, and is the epitome of modern comfort and convenience. Step inside to discover a tastefully renovated interior, complete with central air to keep you cool during the warmer months. The primary bedroom boasts a luxurious en-suite bathroom and a walk-in closet, providing a private retreat within the home. The open-concept living and dining area is perfect for entertaining, and the screened-in balcony offers a peaceful outdoor space to enjoy your morning coffee or unwind after a long day. With 2 parking spots included, convenience is at the forefront of this property. The complex itself features an inviting in-ground pool, perfect for enjoying summer days. Additionally, the commuter-friendly location provides easy access to all major highways, making travel a breeze. HEAT & A/C included in condo fee!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
2
Full Bathrooms
2
Living Area
1,095 sq ft
Total Rooms
5
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $423,500
Final Sale Price: $460,000
Difference: +$36,500 (+8.6%)
Performance Metrics
108.6%
List to Sale Ratio
Sold above asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $387
Sale $/sq ft: $420
This property sold for $420 per square foot
Sale Summary

This property sold for 8.6% 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 6 similar properties sold within 0.5 miles in the last 90 days

This Property
$420/sq ft
Area Average
$237/sq ft
Difference
+77.1%

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 1,095 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Central, Unit Control
Cooling Central Air, Unit Control
Flooring Tile, Engineered Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement N
Laundry In Building
Features Internet Available - Unknown

Exterior

Construction Brick
Architecture None
Roof None
Features Porch - Screened
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch Screened

Parking

Features Off Street, Common
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven

Financial

Annual Tax $5,005
Assessed Value $397,500

Interior Features

Flooring: Tile, Engineered Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features: Internet Available - Unknown
Windows: Insulated Windows
Basement: N
Laundry: In Building
Security: Intercom

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Central, 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: Porch - Screened
Patio & Porch: Screened
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Common

Location

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Neighborhood

3 Summit Drive # 26, Reading MA 01867

Reading, MA 01867

Walkability

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Nearby Schools

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

3 schools
B+
Walton School
0.6 mi | #293 of 824 | Score: 51.0
Improved 131 spots from last year
-7.3 below state avg
218 students Less Diverse
Rising School
Grades K-04
A
Joshua Eaton School
0.8 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
St. Joseph Elementary School
1.1 mi
Grades PK-08
M

Middle Schools

3 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-
Galvin Middle School
1.4 mi | #79 of 352 | Score: 52.1
Improved 5 spots from last year
-6.1 below state avg
1,056 students Moderate
Strong Attendance
Grades 05-08
B+
Stoneham Central Middle School
1.6 mi | #132 of 352 | Score: 46.3
Dropped 33 spots from last year
-11.9 below state avg
689 students Moderate
Grades 05-08
H

High Schools

3 schools
Nazareth Academy
1.4 mi
Grades 09-12
EMARC - Life Choices & Employment Services
1.5 mi
Grades 09-12
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 $417
Homeowners Insurance $200
HOA Fee $466/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

21.7%
Price Range
6
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Feb 29, 2024
$460,000
Property sold
Days on Market: 6
🏠
Listed for Sale
Jan 24, 2024
$423,500
Original listing
Agent: Vita Realty Group Office: Compass
Previous Transaction - MLS #72630186
Full transaction history available when tracking began
🏷️
Previously Sold
Apr 21, 2020
$360,000
MLS #72630186

Price & Status History

Date Event Price Change
Jan 24, 2024 New Listing Added $423,500
Apr 21, 2020 Sold $360,000

Market Statistics

Days on Market
5 days
Price per Sq Ft
$420

Tax History

Year Taxes Assessment
2023 $5,005 $397,500

Financial Details

Annual Property Tax
$5,005
Tax Year 2023
HOA Fee
$466
Monthly
Assessed Value
$397,500

Listing Information

Listing Agent Vita Realty Group
Listing Office Compass
Agent MLS ID TM336409
Office MLS ID AN6433
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Reading, MA

Real-time market trends and pricing data for this area

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