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2 Summit Drive # 63, Reading MA 01867

Reading, MA 01867
$250,000
1
Baths
467
Sq Ft
$535
Price/Sq Ft
1970
Year Built
1
Parking
15
Days on Market
Closed Listed Oct 24, 2024 • MLS# 73305855 Copied! • Updated Dec 12, 2024

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.

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!!

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Recently Sold Nearby

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

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

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
Features Off Street, Common, Guest, Paved
Total Spaces 1
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range
Annual Tax $2,798
Assessed Value $238,700

HOA & Community

HOA Fee $201 Monthly
Fee Includes Heat, Gas, Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities Hot Water, Pool, Laundry, Elevator(s), Storage
Optional Fee Includes None
Owner-Occupied Units 125
Pets Yes w/ Restrictions
Seller 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.
Possession None
Accepted Financing Contract
Structure Type ["Mid-Rise"]
Unit/Building 63
Sq Ft Source Public Record
Documents Rules & Regs, Management Association Bylaws, Association Financial Statements, Certificate Of Insurance (4)
County Middlesex
Total market time (incl. prior listings) 16 days

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

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom
No

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
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
0.9 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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Location

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Neighborhood

2 Summit Drive # 63, Reading MA 01867

Reading, MA 01867

Listing Information

Listing Agent Rick Nazzaro
Listing Office Colonial Manor Realty
Office Phone 781-944-6300
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.

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