2 Summit Drive # 63, Reading MA 01867

Reading, MA 01867

$250,000

Baths

467

Sq Ft

$535

Price/Sq Ft

1970

Year Built

Parking

Condominium

Type

Days on Market

Sold Listed Oct 24, 2024 • MLS# 73305855 Copied! • Updated Dec 12, 2024

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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

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 Median

$481/sq ft

Difference

+11.3%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

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!!

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

3.8%

Price Range

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

Date	Event	Price	Change	$/sqft	Details
12/12/2024	✓ Sold	$250,000	-	-	Property sold
10/24/2024	🏠 Listed for Sale	$259,900	-	-	Original listing

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

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

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

MA Disclosures

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.

Additional Details

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

Sold

Year Built

1970

Full Bathrooms

Living Area

467 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

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

Nearby Schools

School information not available for this location.

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.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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