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514 Gazebo Circle # 514, Reading MA 01867

Reading, MA 01867
$525,000
Est. $3,716/month
2
Beds
2
Baths
1,143
Sq Ft
$459
Price/Sq Ft
1996
Year Built
18
Days on Market
Closed Listed Jul 17, 2025 • MLS# 73406027 Copied!

About this home

Price Improvement! Now offered at $499,900. Welcome to sought-after Summit Village in Reading! This well-maintained 2-bed, 2-bath condo is quietly tucked away within the community and offers a functional layout designed for modern living. The spacious primary suite features a walk-in closet, private bath, and slider to your serene patio and grassy backyard—perfect for morning coffee or curling up with a good book. A second bedroom offers flexibility for guests, a home office, or hobbies. Highlights include in-unit laundry, a cozy gas fireplace, generous storage, and two deeded parking spaces. All just minutes from I-95, I-93, and the commuter rail—a perfect blend of comfort, convenience, and location.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1996
Bedrooms
2
Full Bathrooms
2
Living Area
1,143 sq ft
Total Rooms
5
Stories
1
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $539,900
Final Sale Price: $525,000
Difference: $14,900 (-2.8%)
Performance Metrics
97.2%
List to Sale Ratio
Sold below asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $472
Sale $/sq ft: $459
This property sold for $459 per square foot
Sale Summary

This property sold for 2.8% below the original asking price.

With only 18 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
$459/sq ft
Area Average
$237/sq ft
Difference
+93.6%

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 1996
Living Area 1,143 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Heat Pump
Cooling Central Air
Flooring Tile, Laminate
Appliances Range, Dishwasher, Refrigerator, Washer, Dryer
Fireplace Living Room
Fireplaces 1
Basement N
Laundry Main Level, First Floor, In Unit, Gas Dryer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Patio, Covered Patio/deck
Pool None
Spa None
Fencing None
Patio/Porch Patio, Covered

Parking

Features Deeded, Assigned
Total Spaces 2

Utilities

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

Financial

Annual Tax $5,652
Assessed Value $496,200

Interior Features

Flooring: Tile, Laminate
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: N
Laundry: Main Level, First Floor, In Unit, Gas Dryer Hookup
Security:

Construction & Materials

Year Built: 1996
Structure Type: Garden
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Heat Pump
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Patio, Covered Patio/Deck
Patio & Porch: Patio, Covered
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Deeded, Assigned

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities:

Location

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Neighborhood

514 Gazebo Circle # 514, 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 $471
Homeowners Insurance $200
HOA Fee $390/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

48.2%
Price Range
19
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Sep 3, 2025
$525,000
Property sold
Days on Market: 19
🏠
Listed for Sale
Jul 17, 2025
$499,900
Original listing
Agent: Lisa Santilli Office: Classified Realty Group
Previous Transaction - MLS #71529137
Full transaction history available when tracking began
🏷️
Previously Sold
Oct 3, 2013
$272,000
MLS #71529137

Price & Status History

Date Event Price Change
Jul 17, 2025 New Listing Added $499,900
Oct 3, 2013 Sold $272,000

Market Statistics

Days on Market
18 days
Price per Sq Ft
$459

Tax History

Year Taxes Assessment
2025 $5,652 $496,200

Financial Details

Annual Property Tax
$5,652
Tax Year 2025
HOA Fee
$390
Monthly
Assessed Value
$496,200

Listing Information

Listing Agent Lisa Santilli
Listing Office Classified Realty Group
Agent MLS ID B8000051
Office MLS ID B95141
Listing Data Updated Sep 3, 2025 4:16 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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