4 Summit Drive # 413, Reading MA 01867

Reading, MA 01867
$349,900
Est. $1,862/month
1
Beds
1
Baths
683
Sq Ft
$512
Price/Sq Ft
1985
Year Built
Condominium
Type
49
Days on Market
Active Price Drop -$40,000 Listed Sep 26, 2025 • MLS# 73415072

About this home

Welcome to this bright, spacious one bedroom condominium at Summit Terrace. This neat and efficient unit has an open floor plan, making it feel larger than its square footage. Situated on the 4th floor you can enjoy a nice view of the woods from your private balcony. The in-unit laundry and an elevator to a parking space is an added bonus to this condo! A personal storage space is located on level G. Just minutes from major highways, Reading's growing downtown and the commuter rail make this a desirable and sought after location.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1985
Bedrooms
1
Full Bathrooms
1
Living Area
683 sq ft
Total Rooms
3
Stories
6
Entry Level
4

Interior Features

Flooring
Tile, Laminate
Heating
Heat Pump
Has Heating
Yes
Cooling
Heat Pump
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features
Dining Area, Open Floorplan, Living/Dining Rm Combo, Elevator
Laundry Features
Electric Dryer Hookup, Washer Hookup, First Floor, In Unit
Basement Details
N
Window Features
Insulated Windows
Door Features
Insulated Doors
Accessibility Features
Accessible Entrance

Exterior & Structure

Construction Materials
Frame, Brick
Roof
Rubber
Exterior Features
Balcony - Exterior, Balcony
Has Spa
No
Waterfront Property
No

Lot & Land

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Attached Garage
Yes
Has Carport
No
Total Non-Garage Parking Spaces
1
Parking Features
Under, Garage Door Opener, Storage, Deeded, Off Street, Common, Guest, Paved
Covered Parking Spaces
1

Utilities & Systems

Utilities Available
for Electric Range
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Security Features
Intercom
Energy Efficient Features
Thermostat

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
HOA Fee
$533
HOA Fee Frequency
Monthly
Association Amenities
Hot Water, Elevator(s)
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$3,600
Tax Year
2025
Tax Assessed Value
$316,100
Tax Lot
103
Tax Block
745
Tax Map Number
8
Zoning
A40

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Building Name
Summit Terrace Condominium
Common Walls
2+ Common Walls
Attached Property
Yes
Disclosures
Deeded garage parking space is G-5. Personal storage bin is G413. This sale is under a Power of Attorney.
Listing Terms
Contract

Location

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Neighborhood

4 Summit Drive # 413, Reading MA 01867

Reading, MA 01867

Walkability

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Schools

Elementary School
Call Supt.
Rating information coming soon
Middle School
Call Supt,
Rating information coming soon
High School
Rmhs
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $300
Homeowners Insurance $200
HOA Fee $533
PMI $0

Property History

Market Insights

1
Price Changes
5.4%
Price Range

Property Timeline

Price Reduced
Sep 25, 2025
$349,900 $20,000 (-5.41%)
From $369,900 to $349,900 (-5.4%)
🏠
Listed for Sale
Aug 7, 2025
$369,900
Original listing

Price & Status History

Date Event Price Change
Sep 25, 2025 Price Changed $349,900 -$20,000
Aug 7, 2025 New Listing Added $369,900

Market Statistics

Days on Market
49 days
Price per Sq Ft
$512
Total Price Drop
-$40,000

Tax History

Year Taxes Assessment
2025 $3,600 $316,100

Financial Details

Annual Property Tax
$3,600
Tax Year 2025
HOA Fee
$533
Monthly
Assessed Value
$316,100

Listing Information

Listing Agent Mary Ann Quinn Group
Listing Office Wilson Wolfe Real Estate
Agent MLS ID TM305137
Office MLS ID AN8712

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