2 Summit Drive # 63, Reading MA 01867

Reading, MA 01867
$250,000
Est. $1,331/month
1
Baths
467
Sq Ft
$535
Price/Sq Ft
1970
Year Built
Condominium
Type
15
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73305855

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!!

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.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1970
Full Bathrooms
1
Living Area
467 sq ft
Total Rooms
2
Stories
1
Entry Level
6

Interior Features

Flooring
Parquet
Heating
Central, Unit Control, Fan Coil
Has Heating
Yes
Cooling
Central Air, Unit Control, Fan Coil
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Refrigerator
Laundry Features
In Building
Basement Details
N
Window Features
Screens

Exterior & Structure

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

Lot & Land

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Off Street, Common, Guest, Paved

Utilities & Systems

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

Community & HOA

Community Features
Shopping, Pool, Highway Access
HOA Fee
$201
HOA Fee Frequency
Monthly
Association Amenities
Hot Water, Pool, Laundry, Elevator(s), Storage
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$2,798
Tax Year
2024
Tax Assessed Value
$238,700
Zoning
Condo

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Building Name
Summit Towners
Common Walls
No One Above, 2+ Common Walls
Attached Property
Yes
Disclosures
Unit needs total updating. Property sold in AS IS condition. Seller has never lived in the property. All info provided as a courtesy. Neither seller NOR listing Broker provide any warranties. Buyers and their agents always advised to verify independently. Open parking...plenty. Storage space.
Listing Terms
Contract

Location

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Neighborhood

2 Summit Drive # 63, 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 $233
Homeowners Insurance $200
HOA Fee $201
PMI $0

Property History

Market Insights

3.8%
Price Range
16
Total Days on Market

Property Timeline

âś“
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

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