NOT LISTED FOR SALE

Summit Towers 2 Summit Dr Unit 62 Reading, MA 01867

Estimated Value: $372,000 - $409,000

1 Bed
1 Bath
833 Sq Ft
1970 Built

Last Sold February 03, 2014

Last sale price $175,000 $210 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $2,418/month

47 Days on Market

About This Home

As of February 2014

Enjoy beautiful view of city and Lake Quannapowitt from this top floor unit at Summit Towers. That makes it a penthouse and no noise from above. Extremely spacious living room with slider to covered deck. Plenty of storage through-out and a walk-in closet in large bedroom. Commuters dream location. High owner-occupancy for FHA approved financing. Extra storage and large laundry room in basement. Condo fee includes: heat, hot water and a/c for low utility costs. Unit is immaculate but could use updating.

Last Agent to Sell the Property

Roberta Oeser

Charron Real Estate & Associates Listed on: 11/10/2013

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

Condominium

Year Built

1970

Lot Details

0

Listing Details

  • Unit Level: 6
  • Unit Placement: Top/Penthouse
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1970

Interior Features

  • Has Basement: No
  • Number of Rooms: 3
  • Amenities: Public Transportation, Shopping, Swimming Pool, Highway Access, T-Station
  • Electric: 220 Volts, Circuit Breakers
  • Flooring: Vinyl, Wall to Wall Carpet
  • Bathroom #1: First Floor
  • Kitchen: First Floor, 9X12
  • Living Room: First Floor, 17X15
  • Master Bedroom: First Floor, 15X12
  • Master Bedroom Description: Closet - Walk-in, Flooring - Wall to Wall Carpet

Exterior Features

  • Construction: Brick
  • Exterior: Brick
  • Exterior Unit Features: Porch - Enclosed, City View(s)

Garage/Parking

  • Parking: Off-Street, Common, Guest, Paved Driveway
  • Parking Spaces: 2

Utilities

  • Cooling Zones: 1
  • Heat Zones: 1
  • Utility Connections: for Electric Range

Condo/Co-op/Association

  • Association Fee Includes: Heat, Hot Water, Water, Sewer, Master Insurance, Swimming Pool, Laundry Facilities, Elevator, Exterior Maintenance, Road Maintenance, Landscaping, Snow Removal, Extra Storage, Refuse Removal, Air Conditioning
  • Association Pool: Yes
  • Management: Professional - On Site
  • Pets Allowed: Yes w/ Restrictions
  • No Units: 156
  • Unit Building: 62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2013
Closed on
Jan 31, 2014
Sold by
Goodspeed Richard W
Bought by
Reidy Doreen A
Seller's Agent
Roberta Oeser
Charron Real Estate & Associates
Buyer's Agent
Non Member
Non Member Office
List Price
$195,000
Sold Price
$175,000
Premium/Discount to List
-$20,000
-10.26%
Current Estimated Value
$397,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,380
Avg. Annual Appreciation
7.07%
Original Mortgage
$152,625
Outstanding Balance
$114,945
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$280,192

Purchase Details

Closed on
Nov 22, 2004
Sold by
Goodspeed Rt and Goodspeed Peggy
Bought by
Goodspeed-Multer Peggy and Goodspeed Richard W
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
Reidy Doreen A $175,000 --
Goodspeed-Multer Peggy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reidy Doreen A $152,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2014 02/03/14 Sold $175,000 -10.3% $210 / Sq Ft
12/27/2013 12/27/13 Pending -- -- --
11/10/2013 11/10/13 For Sale $195,000 -- $234 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $4,098 $359,800 $0 $359,800
2024 $3,831 $326,900 $0 $326,900
2023 $4,089 $324,800 $0 $324,800
2022 $3,974 $298,100 $0 $298,100
2021 $3,894 $282,000 $0 $282,000
2020 $3,729 $267,300 $0 $267,300
2019 $3,565 $250,500 $0 $250,500
2018 $3,021 $217,800 $0 $217,800
2017 $2,953 $210,500 $0 $210,500
2016 $2,703 $186,400 $0 $186,400
2015 $2,520 $171,400 $0 $171,400
2014 $2,526 $171,400 $0 $171,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71606828

MLS Property Information Network (MLS PIN)

APN: READ-000008-000797-000090