NOT LISTED FOR SALE

Summit Towers 1 Summit Dr Unit 55 Reading, MA 01867

Estimated Value: $468,331 - $559,000

2 Beds
2 Baths
1,124 Sq Ft
$485/ mo HOA Fee

Last Sold April 27, 2023

Last sale price $440,000 $391 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,483/month

4 Days on Market

Highlights

  • Golf Course Community
  • In Ground Pool
  • Jogging Path
  • Joshua Eaton Elementary School Rated A-
  • Property is near public transit and schools
  • Elevator

About This Home

As of April 2023

Welcome to Summit Towers! This spacious unit in an elevator building has an absolutely perfect floor plan for easy living and entertaining. The living area overlooks a private balcony and is brimming with natural light, with a dining area directly adjacent to the convenient, low-maintenance kitchen. The bedrooms are just right, with a primary suite that includes a spacious walk-in closet and an updated bath, plus a second bedroom that is bright and well sized. Enjoy low-maintenance living in this well run and professionally managed association with an inground pool! When you need to get out, the complex is conveniently located a short distance from Routes 95 and 93. Don't miss this one! No open houses, so book your private showing today!

Last Agent to Sell the Property

Kristin Weekley

Leading Edge Real Estate Listed on: 03/22/2023

Last Buyer's Agent

Kelly Bruno

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,849

Year Built

  • Built in 1970

HOA Fees

  • $485 Monthly HOA Fees

Home Design

  • Entry on the 5th floor
  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 1,124 Sq Ft Home
  • 1-Story Property
  • Insulated Windows
  • Laminate Flooring
  • Intercom

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • 2 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • In Ground Pool
  • Balcony

Location

  • Property is near public transit and schools

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • 100 Amp Service

Listing and Financial Details

  • Assessor Parcel Number M:008.007390090.0

Community Details

Overview

  • Association fees include heat, gas, water, sewer, insurance, maintenance structure, ground maintenance, snow removal, reserve funds
  • 156 Units
  • Mid-Rise Condominium
  • Near Conservation Area

Amenities

  • Shops
  • Coin Laundry
  • Elevator
  • Community Storage Space

Recreation

  • Golf Course Community
  • Community Pool
  • Park
  • Jogging Path

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,849

Year Built

Built in 1970

Lot Details

0 Sq Ft Lot

HOA Fees

$485 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 1970
  • Entry Level: 5
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Laminate
  • Interior Amenities: Walk-In Closet(s)
  • Entry Location: Unit Placement(Upper)
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Refrigerator, Utility Connections for Electric Range
  • Total Bedrooms: 2
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Flooring - Laminate
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Room Master Bedroom Features: Bathroom - Full, Walk-In Closet(s), Flooring - Laminate
  • Room Master Bedroom Level: First
  • Master Bathroom Features: Yes
  • Bathroom 1 Features: Bathroom - Full
  • Bathroom 1 Level: First
  • Bathroom 2 Level: First
  • Bathroom 2 Features: Flooring - Laminate
  • Room Dining Room Features: Flooring - Laminate
  • Room Dining Room Level: First
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Laminate
  • Laundry Features: In Building
  • Room Living Room Level: First
  • Room Living Room Features: Flooring - Laminate, Balcony / Deck
  • Basement: N
  • Living Area: 1124
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: AN4643
  • MAIN SO: AN2383

Exterior Features

  • Construction Materials: Brick
  • Pool Features: Association, In Ground
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Cooling: Central Air
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Electric: 100 Amp Service
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Hot Water, Pool, Laundry, Elevator(s), Storage
  • Association Fee: 485
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Gas, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Reserve Funds

Lot Info

  • Parcel Number: M:008.007390090.0
  • Zoning: A
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4849

Multi Family

  • Number Of Units Total: 156
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2023
Closed on
Apr 27, 2023
Sold by
Travia Jr Joseph J Est and Cicatelli
Bought by
Troy Nicholas L
Seller's Agent
Kristin Weekley
Leading Edge Real Estate
Buyer's Agent
Kelly Bruno
Compass
List Price
$399,900
Sold Price
$440,000
Premium/Discount to List
$40,100
10.03%
Views
252
Current Estimated Value
$502,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,583
Avg. Annual Appreciation
4.76%
Original Mortgage
$130,000
Outstanding Balance
$125,842
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$376,741
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Troy Nicholas L $440,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Troy Nicholas L $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2023 04/27/23 Sold $440,000 +10.0% $391 / Sq Ft
03/27/2023 03/27/23 Pending -- -- --
03/22/2023 03/22/23 For Sale $399,900 -- $356 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,000 $439,000 $0 $439,000
2024 $4,675 $398,900 $0 $398,900
2023 $4,991 $396,400 $0 $396,400
2022 $4,849 $363,800 $0 $363,800
2021 $4,753 $344,200 $0 $344,200
2020 $4,550 $326,200 $0 $326,200
2019 $4,350 $305,700 $0 $305,700
2018 $3,687 $265,800 $0 $265,800
2017 $3,604 $256,900 $0 $256,900
2016 $3,299 $227,500 $0 $227,500
2015 $3,077 $209,300 $0 $209,300
2014 $3,085 $209,300 $0 $209,300
Source: Public Records

Agents Affiliated with this Home

  • Kristin Weekley

    Seller's Agent in 2023

    Kristin Weekley

    Leading Edge Real Estate

    (781) 454-8493

    9 in this area

    252 Total Sales

    Kristin Weekley
    Section Image
  • Kelly Bruno

    Buyer's Agent in 2023

    Kelly Bruno

    Compass

    (617) 429-5857

    1 in this area

    24 Total Sales

    Kelly Bruno
    Section Image
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About Summit Towers

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73090253

MLS Property Information Network (MLS PIN)

APN: READ-000008-000739-000090

Massachusetts Middlesex County Reading 01867

1 Summit Dr Unit 55, Reading, MA

Not Listed for Sale

Condos

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MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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