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2 Summit Dr # 34, Reading MA 01867

Reading, MA 01867
$385,000
Est. $2,759/month
1
Beds
1
Baths
816
Sq Ft
$472
Price/Sq Ft
1970
Year Built
6
Days on Market
Closed Listed Nov 20, 2024 • MLS# 73314257 Copied!

About this home

Welcome to this beautifully maintained one-bedroom condo nestled in a prime location. The condo boasts a bright and airy living space filled with natural light and gleaming floors with a thoughtfully designed layout. Bedroom is spacious and includes a walk in closet. Conveniently located near downtown Reading, you'll enjoy easy access to shopping, dining, and commuter rail services, with major highways just minutes away. Includes parking, additional basement storage and amenities such as in-ground pool. Don't miss this rare opportunity to own a move-in-ready condo with unbeatable affordability and charm! Recent upgrades include new paint and bathroom renovation in 2024. SHOWINGS BY APPOINTMENT ONLY.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
1
Full Bathrooms
1
Living Area
816 sq ft
Total Rooms
2
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $359,900
Final Sale Price: $385,000
Difference: +$25,100 (+7.0%)
Performance Metrics
107.0%
List to Sale Ratio
Sold above asking price
6
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $441
Sale $/sq ft: $472
This property sold for $472 per square foot
Sale Summary

This property sold for 7.0% above the original asking price, indicating strong buyer demand.

With only 6 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
$472/sq ft
Area Average
$237/sq ft
Difference
+99.0%

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 816 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 2

Interior

Heating Central, Unit Control, Fan Coil
Cooling Central Air, Unit Control, Fan Coil
Flooring Tile, Laminate, Wood Laminate
Appliances Range, Dishwasher, Disposal, Refrigerator
Fireplace None
Basement N
Laundry In Basement, In Building
Features None

Exterior

Construction None
Architecture None
Roof Rubber
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, 60 Amps/less
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $3,075
Assessed Value $262,400

Interior Features

Flooring: Tile, Laminate, Wood Laminate
Appliances: Range, Dishwasher, Disposal, Refrigerator
Interior Features:
Windows: Screens
Basement: N
Laundry: In Basement, In Building
Security: Intercom

Construction & Materials

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

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Neighborhood

2 Summit Dr # 34, Reading MA 01867

Reading, MA 01867

Walkability

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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 $256
Homeowners Insurance $200
HOA Fee $356/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

42.3%
Price Range
11
Total Days on Market
2
Previous Sales

Property Timeline

Sold
Dec 18, 2024
$385,000
Property sold
Days on Market: 11
🏠
Listed for Sale
Nov 20, 2024
$359,900
Original listing
Agent: The Joanna Schlansky Residential Team Office: Elite Realty Experts, LLC
Previous Transaction - MLS #72800041
Full transaction history available when tracking began
🏷️
Previously Sold
May 6, 2021
$275,000
MLS #72800041
Previous Transaction - MLS #70335395
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 29, 2006
$222,000
MLS #70335395

Price & Status History

Date Event Price Change
Nov 20, 2024 New Listing Added $359,900
May 6, 2021 Sold $275,000
Mar 29, 2006 Sold $222,000

Market Statistics

Days on Market
6 days
Price per Sq Ft
$472

Tax History

Year Taxes Assessment
2024 $3,075 $262,400

Financial Details

Annual Property Tax
$3,075
Tax Year 2024
HOA Fee
$356
Monthly
Assessed Value
$262,400

Listing Information

Listing Agent The Joanna Schlansky Residential Team
Listing Office Elite Realty Experts, LLC
Agent MLS ID TM355614
Office MLS ID AN4373
Listing Data Updated Dec 20, 2024 8:48 AM 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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Market Analytics for Reading, MA

Real-time market trends and pricing data for this area

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