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4 Summit Drive # 602, Reading MA 01867

Reading, MA 01867
$345,000
Est. $2,916/month
1
Beds
1.5
Baths
817
Sq Ft
$422
Price/Sq Ft
1985
Year Built
34
Days on Market
Closed Listed Oct 31, 2024 • MLS# 73308088 Copied!

About this home

VERY MOTIVATED SELLER! Welcome to Reading! The stand alone building of 4 Summit Drive has a certain charm to it. This 6th-floor PH one-bedroom unit offers generous living space and has been freshly painted. The kitchen features a newer microwave and refrigerator, while the in-unit washer and dryer add to your convenience.The open living and dining area, complete with a half bath, is ideal for entertaining. The bedroom boasts a walk-in closet and connects to a full bathroom. The multiple closets provide plenty of storage throughout. Step out to your private balcony for some fresh air, with window boxes to decorate and make your own. Take advantage of the storage unit in the lower level for larger or seasonal items.You’ll also enjoy an assigned covered garage space, with ample outdoor parking available for guests. Conveniently located outside Boston, near shops, dining, and major highways, this condo perfectly blends comfort and accessibility. Don’t miss the chance to make it yours!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1985
Bedrooms
1
Full Bathrooms
1
Half Bathrooms
1
Living Area
817 sq ft
Total Rooms
3
Stories
1
Entry Level
6

Sale Statistics

Sale Overview
Original List Price: $365,000
Final Sale Price: $345,000
Difference: $20,000 (-5.5%)
Performance Metrics
94.5%
List to Sale Ratio
Sold below asking price
34
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $447
Sale $/sq ft: $422
This property sold for $422 per square foot
Sale Summary

This property sold for 5.5% below the original asking price.

The property spent 34 days on market before selling.

Nearby Sales Comparison

Based on 6 similar properties sold within 0.5 miles in the last 90 days

This Property
$422/sq ft
Area Average
$237/sq ft
Difference
+78.0%

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

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1985
Living Area 817 sq ft
Bedrooms 1
Full Baths 1
Half Baths 1
Total Rooms 3

Interior

Heating Central
Cooling Central Air, Unit Control
Flooring Tile, Vinyl, Carpet
Appliances Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer/dryer
Fireplace None
Basement N
Laundry In Unit, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

Construction Brick
Architecture None
Roof Shingle
Features Balcony
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Assigned, Off Street, Common, Paved
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $3,777
Assessed Value $322,300

Interior Features

Flooring: Tile, Vinyl, Carpet
Appliances: Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer/Dryer
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: In Unit, Electric Dryer Hookup, Washer Hookup
Security: Intercom

Construction & Materials

Year Built: 1985
Structure Type: Mid-Rise
Exterior Materials: Brick
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central
Cooling: Central Air, Unit Control
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

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Under, Assigned, Off Street, Common, Paved

Location

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Neighborhood

4 Summit Drive # 602, Reading MA 01867

Reading, MA 01867

Walkability

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Nearby Schools

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
0.5 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
1.0 mi
Grades PK-08
M

Middle Schools

3 schools
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
A
Walter S Parker Middle School
1.5 mi | #62 of 352 | Score: 54.7
Dropped 26 spots from last year
-3.6 below state avg
467 students Moderate
Grades 06-08
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

2 schools
Nazareth Academy
1.4 mi
Grades 09-12
EMARC - Life Choices & Employment Services
1.4 mi
Grades 09-12
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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 $315
Homeowners Insurance $200
HOA Fee $657/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

1.4%
Price Range
36
Total Days on Market

Property Timeline

Sold
Dec 30, 2024
$345,000
Property sold
Days on Market: 36
🏠
Listed for Sale
Oct 31, 2024
$349,900
Original listing
Office: Aspen Realty Group LLC

Price & Status History

Date Event Price Change
Oct 31, 2024 New Listing Added $349,900

Market Statistics

Days on Market
34 days
Price per Sq Ft
$422

Tax History

Year Taxes Assessment
2024 $3,777 $322,300

Financial Details

Annual Property Tax
$3,777
Tax Year 2024
HOA Fee
$657
Monthly
Assessed Value
$322,300

Listing Information

Listing Agent Amy Jo Parrett
Listing Office Aspen Realty Group LLC
Agent MLS ID CN255442
Office MLS ID AN1982
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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