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2 Summit Drive # 47, Reading MA 01867

Reading, MA 01867
$430,000
Est. $3,267/month
2
Beds
2
Baths
1,076
Sq Ft
$400
Price/Sq Ft
1970
Year Built
29
Days on Market
Closed Listed Mar 15, 2025 • MLS# 73345905 Copied!

About this home

EASY TO SHOW THROUGH SHOWING TIME! Welcome to Summit Drive- Affordable living for under $450,000 in the town of Reading. Conveniently located to downtown, commuter rail, shopping, restaurants & major highways. Discover one-floor living on the 4th floor in this professionally managed elevated building offering you comfort & convenience. Spacious unit features a bright living/dining room combo w/ 12-foot slider leading to your private balcony. Primary bedroom boasts ample closet space & an ensuite bath, generously sized second bedroom & full guest bath. Compact & efficient kitchen ,brand-new carpeting throughout, extra storage in the basement & on site Laundry. The condo fee includes water, heat and hot water for added convenience. The property offers a great opportunity for customization with modern updates & your personal touches. Relax by the inground pool on hot summers days. Sorry no dogs-cats only. Ample parking for you & your guests. Opportunity for a quick close

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
2
Full Bathrooms
2
Living Area
1,076 sq ft
Total Rooms
4
Stories
6
Entry Level
4

Sale Statistics

Sale Overview
Original List Price: $449,900
Final Sale Price: $430,000
Difference: $19,900 (-4.4%)
Performance Metrics
95.6%
List to Sale Ratio
Sold below asking price
29
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $418
Sale $/sq ft: $400
This property sold for $400 per square foot
Sale Summary

This property sold for 4.4% below the original asking price.

With only 29 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
$400/sq ft
Area Average
$237/sq ft
Difference
+68.7%

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 1,076 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Central, Fan Coil
Cooling Central Air
Flooring Tile, Vinyl, Carpet
Appliances Range, Refrigerator
Fireplace None
Basement Y
Laundry In Basement, Common Area, In Building
Features Internet Available - Unknown

Exterior

Construction Brick
Architecture None
Roof Rubber
Features Balcony
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Common
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,560
Assessed Value $389,100

Interior Features

Flooring: Tile, Vinyl, Carpet
Appliances: Range, Refrigerator
Interior Features: Internet Available - Unknown
Windows:
Basement: Y
Laundry: In Basement, Common Area, In Building
Security: Intercom

Construction & Materials

Year Built: 1970
Structure Type: High-Rise
Exterior Materials: Brick
Roof: Rubber
Foundation:
Stories: 6

Heating, Cooling & Utilities

Heating: Central, Fan Coil
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
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

Total Parking Spaces: 2
Parking Features: Off Street, Common

Location

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Neighborhood

2 Summit Drive # 47, 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 $380
Homeowners Insurance $200
HOA Fee $513/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

4.4%
Price Range
30
Total Days on Market

Property Timeline

Sold
May 2, 2025
$430,000
Property sold
Days on Market: 30
🏠
Listed for Sale
Mar 15, 2025
$449,900
Original listing
Agent: Chrisanne Connolly Office: Wilson Wolfe Real Estate

Price & Status History

Date Event Price Change
Mar 15, 2025 New Listing Added $449,900

Market Statistics

Days on Market
29 days
Price per Sq Ft
$400

Tax History

Year Taxes Assessment
2024 $4,560 $389,100

Financial Details

Annual Property Tax
$4,560
Tax Year 2024
HOA Fee
$513
Monthly
Assessed Value
$389,100

Listing Information

Listing Agent Chrisanne Connolly
Listing Office Wilson Wolfe Real Estate
Agent MLS ID B0665920
Office MLS ID B61601
Listing Data Updated May 3, 2025 6:22 AM EDT
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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