$250,000
SOLD DEC 12, 2024

2 Summit Dr Unit 63 Reading, MA 01867

-- Bed
1 Bath
467 Sq Ft
$201/mo HOA Fee

Recently Sold

$535 Per Sq Ft

4% Below List Price

11 Days on Market

Highlights

  • In Ground Pool
  • No Units Above
  • Elevator
  • Joshua Eaton Elementary School Rated A-
  • Lake View
  • Balcony

About This Home

As of December 2024

The 6th floor location within the building and the beautiful lake view more than make up for the updates needed. This PENTHOUSE studio is in a beautiful spot, making your desired improvements well worth your time and money. This is an ideal place for those starting out, as you could own it for less than this would rent for. For a "cool" look, just refinish the parquet floors...they're making a come-back! Needs a new kitchen, sliders, bath, paint and fixtures. In a space this size...should be a breeze. I can see it all done and "wicked sharp..." How about you? In-ground pool, plenty of parking, in-building laundry, extra storage unit, low fees, a GREAT expansive balcony, and easy access to major routes, restaurants and farmers market all add up to make this a tremendous opportunity. Don't delay!!

Last Agent to Sell the Property

Rick Nazzaro

Colonial Manor Realty Listed on: 10/24/2024

Last Buyer's Agent

Nirav Dhamsania

Century 21 North East

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,798

Year Built

  • Built in 1970

Lot Details

  • No Units Above
  • Two or More Common Walls

HOA Fees

  • $201 Monthly HOA Fees

Interior Spaces

  • 1 Full Bathroom
  • 467 Sq Ft Home
  • 1-Story Property
  • Window Screens
  • Parquet Flooring
  • Lake Views
  • Intercom
  • Range

Parking

  • 1 Car Parking Space
  • Common or Shared Parking
  • Paved Parking
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • In Ground Pool
  • Balcony

Utilities

  • Central Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone
  • Individual Controls for Heating
  • Hot Water Heating System

Community Details

Overview

  • Association fees include heat, gas, water, sewer, insurance, maintenance structure, road maintenance, ground maintenance, snow removal, trash, reserve funds
  • 156 Units
  • Mid-Rise Condominium
  • Summit Towners Community

Amenities

  • Shops
  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,798

Year Built

Built in 1970

Lot Details

0

HOA Fees

$201 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 1970
  • Entry Level: 6
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Parquet
  • Entry Location: Unit Placement(Front)
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Master Bathroom Features: No
  • Laundry Features: In Building
  • Basement: N
  • Living Area: 467
  • Other Equipment: Intercom
  • Spa YN: No
  • Stories Total: 1
  • Window Features: Screens
  • MAIN LO: B32911
  • LIST PRICE PER Sq Ft: 556.53
  • PRICE PER Sq Ft: 535.33
  • MAIN SO: NB3534

Exterior Features

  • Exterior Features: Balcony, Screens
  • Common Walls: No One Above, 2+ Common Walls
  • Home Warranty YN: No
  • Pool Features: Association, In Ground
  • Waterfront YN: No
  • Waterview Flag: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Common, Guest, Paved
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Cooling: Central Air, Unit Control, Fan Coil
  • Heating: Central, Unit Control, Fan Coil
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Amenities: Hot Water, Pool, Laundry, Elevator(s), Storage
  • Association Fee: 201
  • Association Fee Frequency: Monthly
  • Community Features: Shopping, Pool, Highway Access
  • Senior Community YN: No
  • UNIT BUILDING: 63
  • MANAGEMENT: Professional - Off Site, Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Zoning: Condo
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 440
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2798
  • Tax Book Number: 28797

Multi Family

  • Number Of Units Total: 156
  • Basement Included Sq Ft: No
  • NO UNITS OWNER OCC: 125
  • Waterview: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 2, 1998
Sold by
Coronis Nicholas and Barbara Coronis H
Bought by
Mantia Paul
Total Days on Market
11
Current Estimated Value
$321,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,425
Interest Rate
7.04%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $75,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $148,500 No Value Available
Closed $147,950 No Value Available
Closed $144,000 No Value Available
Closed $108,000 No Value Available
Closed $67,425 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2024 12/12/24 Sold $250,000 -3.8% $535 / Sq Ft
11/04/2024 11/04/24 Pending -- -- --
10/24/2024 10/24/24 For Sale $259,900 -- $557 / 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 $2,993 $262,800 $0 $262,800
2024 $2,798 $238,700 $0 $238,700
2023 $2,986 $237,200 $0 $237,200
2022 $2,902 $217,700 $0 $217,700
2021 $2,845 $206,000 $0 $206,000
2020 $2,723 $195,200 $0 $195,200
2019 $2,603 $182,900 $0 $182,900
2018 $2,207 $159,100 $0 $159,100
2017 $2,156 $153,700 $0 $153,700
2016 $1,975 $136,200 $0 $136,200
2015 $1,842 $125,300 $0 $125,300
2014 $1,847 $125,300 $0 $125,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73305855

MLS Property Information Network (MLS PIN)

APN: READ-000008-000798-000090