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4 Summit Drive # 413, Reading MA 01867

Reading, MA 01867
$337,500
1
Beds
1
Baths
683
Sq Ft
$494
Price/Sq Ft
1985
Year Built
1
Garage Space
67
Days on Market
Closed Listed Aug 7, 2025 • MLS# 73415072 Copied! • Updated Oct 22, 2025

Sale Statistics

Sale Overview
Original List Price: $389,900
Final Sale Price: $337,500
Difference: $52,400 (-13.4%)
Performance Metrics
86.6%
List to Sale Ratio
Sold below asking price
67
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $571
Sale $/sq ft: $494
This property sold for $494 per square foot
Sale Summary

This property sold for 13.4% below the original asking price.

The property spent 67 days on market before selling.

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.

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Recently Sold Nearby

Property History

Market Insights

3.5%
Price Range
68
Total Days on Market

Property Timeline

Sold
Oct 22, 2025
$337,500
Property sold
Days on Market: 68
🏠
Listed for Sale
Aug 7, 2025
$349,900
Original listing
Agent: Mary Ann Quinn Group Office: Wilson Wolfe Real Estate

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

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Condominium
Year Built 1985
Living Area 683 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Heat Pump
Cooling Heat Pump
Flooring Tile, Laminate
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry Electric Dryer Hookup, Washer Hookup, First Floor, In Unit
Features Dining Area, Open Floorplan, Living/dining Rm Combo, Elevator

Exterior

Construction Frame, Brick
Architecture None
Roof Rubber
Features Balcony - Exterior, Balcony
Pool None
Spa None
Fencing None
Patio/Porch None
Garage Spaces 1
Has Garage Yes
Features Under, Garage Door Opener, Storage, Deeded, Off Street, Common, Guest, Paved
Total Spaces 2
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range
Annual Tax $3,600
Assessed Value $316,100

HOA & Community

HOA Fee $533 Monthly
Fee Includes Heat, Water, Sewer, Insurance, Security, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities Hot Water, Elevator(s)
Optional Fee Includes None
Pets Yes w/ Restrictions
Seller Disclosures Deeded Garage Parking Space Is G-5. Personal Storage Bin Is G413. This Sale Is Under A Power Of Attorney.
Possession None
Accepted Financing Contract
Structure Type ["Garden","Mid-Rise"]
Unit/Building 413
Sq Ft Source Public Record
Sq Ft Disclosures Room sizes are approximate.
Documents Master Deed, Unit Deed, Rules & Regs, Management Association Bylaws, Floor Plans, Association Financial Statements (6)
County Middlesex
Total market time (incl. prior listings) 68 days

Property Overview

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

Room Details

First Floor

Bathroom1
8 x 5
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Kitchen
9 x 8
Flooring - Stone/Ceramic Tile, Recessed Lighting
Master Bedroom
14 x 11
Walk-In Closet(s), Closet, Flooring - Laminate

Other Floor

Bedroom5
Bedroom4
Bedroom3
Dining Room
Bathroom2
Bedroom2
Living Room
Bathroom3
Office
Family Room
Master Bathroom

Interior Features

Flooring: Tile, Laminate
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Dining Area, Open Floorplan, Living/Dining Rm Combo, Elevator
Windows: Insulated Windows
Basement: N
Laundry: Electric Dryer Hookup, Washer Hookup, First Floor, In Unit
Security: Intercom

Construction & Materials

Year Built: 1985
Structure Type: Garden, Mid-Rise
Exterior Materials: Frame, Brick
Roof: Rubber
Foundation:
Stories: 6

Heating, Cooling & Utilities

Heating: Heat Pump
Heating Zones: 1
Cooling: Heat Pump
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Balcony - Exterior, Balcony
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Under, Garage Door Opener, Storage, Deeded, Off Street, Common, Guest, Paved

Nearby Schools

School information not available for this location.

Location

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Neighborhood

4 Summit Drive # 413, Reading MA 01867

Reading, MA 01867

Listing Information

Listing Agent Mary Ann Quinn Group
Listing Office Wilson Wolfe Real Estate
Office Phone 978-658-2345
Agent MLS ID TM305137
Office MLS ID AN8712
Listing Data Updated Oct 22, 2025 2:00 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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