BMN Boston

Get our mobile app!

Download on the App Store

2 Summit Drive # 63, Reading MA 01867

Reading, MA 01867
$250,000
Est. $1,898/month
1
Baths
467
Sq Ft
$535
Price/Sq Ft
1970
Year Built
15
Days on Market
Closed Listed Oct 24, 2024 • MLS# 73305855 Copied!

About this home

The 6th floor location within the building and the beautiful lake view more than make up for the updates needed. This PENTHOUSE studio is in a beautiful spot, making your desired improvements well worth your time and money. This is an ideal place for those starting out, as you could own it for less than this would rent for. For a "cool" look, just refinish the parquet floors...they're making a come-back! Needs a new kitchen, sliders, bath, paint and fixtures. In a space this size...should be a breeze. I can see it all done and "wicked sharp..." How about you? In-ground pool, plenty of parking, in-building laundry, extra storage unit, low fees, a GREAT expansive balcony, and easy access to major routes, restaurants and farmers market all add up to make this a tremendous opportunity. Don't delay!!

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
Full Bathrooms
1
Living Area
467 sq ft
Total Rooms
2
Stories
1
Entry Level
6

Sale Statistics

Sale Overview
Original List Price: $259,900
Final Sale Price: $250,000
Difference: $9,900 (-3.8%)
Performance Metrics
96.2%
List to Sale Ratio
Sold below asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $557
Sale $/sq ft: $535
This property sold for $535 per square foot
Sale Summary

This property sold for 3.8% below the original asking price.

With only 15 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
$535/sq ft
Area Average
$237/sq ft
Difference
+125.6%

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 467 sq ft
Full Baths 1
Total Rooms 2

Interior

Heating Central, Unit Control, Fan Coil
Cooling Central Air, Unit Control, Fan Coil
Flooring Parquet
Appliances Range, Refrigerator
Fireplace None
Basement N
Laundry In Building
Features None

Exterior

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

Parking

Features Off Street, Common, Guest, Paved
Total Spaces 1

Utilities

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

Financial

Annual Tax $2,798
Assessed Value $238,700

Interior Features

Flooring: Parquet
Appliances: Range, Refrigerator
Interior Features:
Windows: Screens
Basement: N
Laundry: In Building
Security: Intercom

Construction & Materials

Year Built: 1970
Effective Year (Renovated): 1981
Structure Type: Mid-Rise
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Unit Control, Fan Coil
Heating Zones: 1
Cooling: Central Air, Unit Control, Fan Coil
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony, Screens
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Common, Guest, Paved

Location

Loading map...

Neighborhood

2 Summit Drive # 63, 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 $233
Homeowners Insurance $200
HOA Fee $201/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

3.8%
Price Range
16
Total Days on Market

Property Timeline

Sold
Dec 12, 2024
$250,000
Property sold
Days on Market: 16
🏠
Listed for Sale
Oct 24, 2024
$259,900
Original listing
Agent: Rick Nazzaro Office: Colonial Manor Realty

Price & Status History

Date Event Price Change
Oct 24, 2024 New Listing Added $259,900

Market Statistics

Days on Market
15 days
Price per Sq Ft
$535

Tax History

Year Taxes Assessment
2024 $2,798 $238,700

Financial Details

Annual Property Tax
$2,798
Tax Year 2024
HOA Fee
$201
Monthly
Assessed Value
$238,700

Listing Information

Listing Agent Rick Nazzaro
Listing Office Colonial Manor Realty
Agent MLS ID B0482541
Office MLS ID B32911
Listing Data Updated Dec 12, 2024 3:20 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

2 Summit Drive # 63, Reading MA 01867 - Photo 1 2 Summit Drive # 63, Reading MA 01867 - Photo 2 2 Summit Drive # 63, Reading MA 01867 - Photo 3 2 Summit Drive # 63, Reading MA 01867 - Photo 4 2 Summit Drive # 63, Reading MA 01867 - Photo 5 2 Summit Drive # 63, Reading MA 01867 - Photo 6 2 Summit Drive # 63, Reading MA 01867 - Photo 7 2 Summit Drive # 63, Reading MA 01867 - Photo 8 2 Summit Drive # 63, Reading MA 01867 - Photo 9 2 Summit Drive # 63, Reading MA 01867 - Photo 10 2 Summit Drive # 63, Reading MA 01867 - Photo 11 2 Summit Drive # 63, Reading MA 01867 - Photo 12 2 Summit Drive # 63, Reading MA 01867 - Photo 13 2 Summit Drive # 63, Reading MA 01867 - Photo 14
BMN Boston Real Estate

BMN Boston Real Estate

Douglas Elliman

Your message will be sent to BMN Boston Real Estate.

Schedule a Tour