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1 Summit Dr. # 62, Reading MA 01867

Reading, MA 01867
$420,000
Est. $3,057/month
1
Beds
1
Baths
830
Sq Ft
$506
Price/Sq Ft
1970
Year Built
11
Days on Market
Closed Listed Jun 27, 2025 • MLS# 73397824 Copied!

About this home

Simply the best!! This top floor unit with an east facing screened in balcony has so much to offer and most elements are new including the neutral wall painting! In less than two years, laminate floors have been installed in the living room and bedroom. Dramatic quartz countertops are a great update in the kitchen. Appliances are stainless including the Double oven range, fridge, microwave and newer dishwasher. The bedroom closet is a spacious walk-in. Both the kitchen and bath feature ceramic tile floors. Condo fee includes heat, water, hot water, a/c, insurance, maintenance, etc. The unit has a storage bin on the lower level where the trash and laundry rooms are located. There's an elevator, ample parking and an in-ground pool. Don't wait! Open houses are NOT allowed. So, an appointment is necessary.

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Property Overview

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

Sale Statistics

Sale Overview
Original List Price: $424,999
Final Sale Price: $420,000
Difference: $4,999 (-1.2%)
Performance Metrics
98.8%
List to Sale Ratio
Sold below asking price
11
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $512
Sale $/sq ft: $506
This property sold for $506 per square foot
Sale Summary

This property sold for 1.2% below the original asking price.

With only 11 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
$506/sq ft
Area Average
$237/sq ft
Difference
+113.4%

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 830 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

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

Exterior

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

Parking

Features Off Street, Common, Guest
Total Spaces 2

Utilities

Electric 60 Amps/less
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven

Financial

Annual Tax $4,090
Assessed Value $359,100

Interior Features

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

Construction & Materials

Year Built: 1970
Effective Year (Renovated): 1981
Structure Type: Garden
Exterior Materials: Frame
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Natural Gas, Common, Fan Coil
Heating Zones: 1
Cooling: Central Air, Common, Unit Control
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, Guest

Location

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Neighborhood

1 Summit Dr. # 62, 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 $341
Homeowners Insurance $200
HOA Fee $392/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

10.6%
Price Range
12
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Aug 15, 2025
$420,000
Property sold
Days on Market: 12
🏠
Listed for Sale
Jun 27, 2025
$424,999
Original listing
Agent: Kathy Devine Office: Dvine1 Real Estate
Previous Transaction - MLS #73145597
Full transaction history available when tracking began
🏷️
Previously Sold
Nov 16, 2023
$380,000
MLS #73145597

Price & Status History

Date Event Price Change
Jun 27, 2025 New Listing Added $424,999
Nov 16, 2023 Sold $380,000

Market Statistics

Days on Market
11 days
Price per Sq Ft
$506

Tax History

Year Taxes Assessment
2025 $4,090 $359,100

Financial Details

Annual Property Tax
$4,090
Tax Year 2025
HOA Fee
$392
Monthly
Assessed Value
$359,100

Listing Information

Listing Agent Kathy Devine
Listing Office Dvine1 Real Estate
Agent MLS ID B0389168
Office MLS ID AN8557
Listing Data Updated Aug 15, 2025 5:35 PM 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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