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3 Summit Drive # 67, Reading MA 01867

Reading, MA 01867
$420,000
Est. $3,021/month
1
Beds
1
Baths
800
Sq Ft
$525
Price/Sq Ft
1970
Year Built
7
Days on Market
Closed Listed Apr 23, 2025 • MLS# 73363745 Copied!

About this home

SPECTACULAR PENTHOUSE VIEWS! Revel in Sunset views, views of Lake Quannapowitt and Autumn blast of colors on trees from your private, large 17’ balcony! Renovated, spacious 1 bedroom condo with 2 car parking at Summit Towers Condos. Beautiful natural sunlight, air conditioned, open concept, sprawling living room and dining area. Eat-in kitchen with corian counter tops, newer appliances, electric range with outside vent, refrigerator, dishwasher, and built in microwave. Tons of storage, including lots of closets in bedroom. Enjoy well-maintained common spaces including a pool with grills and seating. Laundry and storage unit in lower level. Low Condo fee $363 includes HEAT, HOT WATER, water sewer, master insurance, parking, swimming pool, laundry facilities, elevator, exterior maintenance, road maintenance, snow removal, A/C. Minutes to Routes 128 and 93 for an easy commute. Just Move in! Schedule Showings with Agent within these slots Thurs 4-6pm, Sat & Sun 12-2pm.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
1
Full Bathrooms
1
Living Area
800 sq ft
Total Rooms
3
Stories
1
Entry Level
6

Sale Statistics

Sale Overview
Original List Price: $409,900
Final Sale Price: $420,000
Difference: +$10,100 (+2.5%)
Performance Metrics
102.5%
List to Sale Ratio
Sold above asking price
7
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $512
Sale $/sq ft: $525
This property sold for $525 per square foot
Sale Summary

This property sold for 2.5% above the original asking price, indicating strong buyer demand.

With only 7 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
$525/sq ft
Area Average
$237/sq ft
Difference
+121.4%

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 800 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Central, Fan Coil
Cooling Central Air
Flooring Laminate
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement N
Laundry In Basement, 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 None
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $4,014
Assessed Value $352,400

Interior Features

Flooring: Laminate
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features: Internet Available - Unknown
Windows:
Basement: N
Laundry: In Basement, In Building
Security:

Construction & Materials

Year Built: 1970
Structure Type: Mid-Rise
Exterior Materials: Brick
Roof: Rubber
Foundation:
Stories: 1

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

3 Summit Drive # 67, 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
0.6 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
0.8 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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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 $334
Homeowners Insurance $200
HOA Fee $363/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

50.5%
Price Range
8
Total Days on Market
1
Previous Sales

Property Timeline

Sold
May 28, 2025
$420,000
Property sold
Days on Market: 8
🏠
Listed for Sale
Apr 23, 2025
$409,900
Original listing
Agent: The Synergy Group Office: The Synergy Group
Previous Transaction - MLS #71900807
Full transaction history available when tracking began
🏷️
Previously Sold
Nov 19, 2015
$207,900
MLS #71900807

Price & Status History

Date Event Price Change
Apr 23, 2025 New Listing Added $409,900
Nov 19, 2015 Sold $207,900

Market Statistics

Days on Market
7 days
Price per Sq Ft
$525

Tax History

Year Taxes Assessment
2025 $4,014 $352,400

Financial Details

Annual Property Tax
$4,014
Tax Year 2025
HOA Fee
$363
Monthly
Assessed Value
$352,400

Listing Information

Listing Agent The Synergy Group
Listing Office The Synergy Group
Agent MLS ID TM321745
Office MLS ID AN7316
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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