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2 Summit Drive # 36, Reading MA 01867

Reading, MA 01867
$440,000
Est. $3,292/month
2
Beds
2
Baths
1,087
Sq Ft
$405
Price/Sq Ft
1970
Year Built
16
Days on Market
Closed Listed Jul 1, 2024 • MLS# 73259409 Copied!

About this home

Just in time to enjoy the in-ground pool! This two bedroom unit needs some updates, but with its screened in balcony off the living room with a large, built-in bookcase and closets with organizer systems, it's well worth it! The floor plan is great for entertaining with its large living/dining room combo. When not entertaining, the kitchen is quite roomy, even with a table and chairs. The 56" wall mounted TV will remain. There's ample parking, The condo fee includes heat. Elevator building. On-site laundry.Open houses are not allowed. Make an appointment!!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
2
Full Bathrooms
2
Living Area
1,087 sq ft
Total Rooms
4
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $459,900
Final Sale Price: $440,000
Difference: $19,900 (-4.3%)
Performance Metrics
95.7%
List to Sale Ratio
Sold below asking price
16
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $423
Sale $/sq ft: $405
This property sold for $405 per square foot
Sale Summary

This property sold for 4.3% below the original asking price.

With only 16 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
$405/sq ft
Area Average
$237/sq ft
Difference
+70.8%

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 1,087 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

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

Exterior

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

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 $4,587
Assessed Value $391,400

Interior Features

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

Construction & Materials

Year Built: 1970
Effective Year (Renovated): 1981
Structure Type: Garden
Exterior Materials: Brick
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Fan Coil
Heating Zones: 1
Cooling: Central Air
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

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Neighborhood

2 Summit Drive # 36, 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 $382
Homeowners Insurance $200
HOA Fee $485/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

4.3%
Price Range
18
Total Days on Market

Property Timeline

Sold
Aug 23, 2024
$440,000
Property sold
Days on Market: 18
🏠
Listed for Sale
Jul 1, 2024
$459,900
Original listing
Agent: Kathy Devine Office: Dvine1 Real Estate

Price & Status History

Date Event Price Change
Jul 1, 2024 New Listing Added $459,900

Market Statistics

Days on Market
16 days
Price per Sq Ft
$405

Tax History

Year Taxes Assessment
2024 $4,587 $391,400

Financial Details

Annual Property Tax
$4,587
Tax Year 2024
HOA Fee
$485
Per month
Assessed Value
$391,400

Listing Information

Listing Agent Kathy Devine
Listing Office Dvine1 Real Estate
Agent MLS ID B0389168
Office MLS ID AN8557
Listing Data Updated Aug 24, 2024 5:12 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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Market Analytics for Reading, MA

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