NOT LISTED FOR SALE

3 Summit Dr Unit 62 Reading, MA 01867

Estimated Value: $384,000 - $434,000

1 Bed
1 Bath
797 Sq Ft
$289/mo HOA Fee

Last Sold September 09, 2021

Last sale price $345,000 $433 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,791/month

10 Days on Market

Highlights

  • Golf Course Community
  • In Ground Pool
  • Property is near public transit
  • Joshua Eaton Elementary School Rated A-
  • No Units Above
  • Elevator

About This Home

As of September 2021

INTRODUCING 3 SUMMIT DR - UNIT 62 at the "Summit Towers” in the highly desirable Town of Reading! This Top Floor / Penthouse Condo provides easy 1-level living, 3 rooms, 1 (Large) Bed, 1 Full bath, 797 sq ft., w/ great layout. Move-In ready condition. Eat-In Kitchen includes small peninsula w/ granite counters, SS appliances & hardwood cabinets. Bathroom is fully updated. Living room is perfect for entertaining w/ central A/C & beautiful views from private balcony. Natural light pours in. On hot summer days, you will enjoy the luxury of the in-ground pool. Easy access to Commuter Rail, major highways & dining/shopping downtown. Commuter location. Includes 2 parking spaces. Open Houses are not allowed. **PRIVATE SHOWINGS START Wednesday, 6/23 at 5:30pm to 7:00pm BY APPOINTMENT ONLY** Call your favorite Realtor today to reserve a showing time slot. Offers due Tues., 6/29 at 3pm. Won't Last!

Last Agent to Sell the Property

David Ladner

RE/MAX Harmony Listed on: 06/20/2021

RE/MAX Harmony

Last Buyer's Agent

The Lucci Witte Team

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,830

Year Built

  • Built in 1970

HOA Fees

  • $289 Monthly HOA Fees

Home Design

  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 797 Sq Ft Home
  • 1-Story Property
  • Intercom

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 2 Car Parking Spaces
  • Common or Shared Parking
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • In Ground Pool
  • Balcony

Schools

  • Call Supt. Elementary And Middle School
  • Reading High School

Utilities

  • Central Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone
  • Hot Water Heating System
  • Gas Water Heater

Additional Features

  • No Units Above
  • Property is near public transit

Community Details

Overview

  • Association fees include heat, water, sewer, maintenance structure, road maintenance, ground maintenance, snow removal
  • 156 Units
  • Mid-Rise Condominium
  • Summit Towers Community

Amenities

  • Shops
  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Golf Course Community
  • Community Pool

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,830

Year Built

Built in 1970

Lot Details

0

HOA Fees

$289 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 1970
  • Buyer Agency: 2.0
  • Buyer Agency Type: %
  • Entry Level: 6
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Wood Laminate
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Microwave, Gas Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Master Bathroom Features: No
  • Laundry Features: In Building
  • Accessibility Features: No
  • Living Area: 797
  • Stories Total: 1
  • MAIN LO: AN5976
  • LIST PRICE PER Sq Ft: 376.29
  • PRICE PER Sq Ft: 432.87
  • MAIN SO: M59500

Exterior Features

  • Exterior Features: Balcony
  • Common Walls: No One Above
  • Construction Materials: Frame
  • Pool Features: Association, In Ground
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Common, Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven
  • Cooling: Central Air, Fan Coil
  • Heating: Central, 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: 289
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Golf, Highway Access, T-Station
  • UNIT BUILDING: 62
  • MANAGEMENT: Professional - Off Site

Fee Information

  • Association Fee Includes: Heat, Water, Sewer, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal

Lot Info

  • Zoning: Res
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 292
  • OUTDOOR SPACE AVAILABLE: Yes - Private

Rental Info

  • Pets Allowed: Breed Restrictions

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3830
  • Tax Book Number: 63490

Multi Family

  • Number Of Units Total: 156

MLS Schools

  • High School: Reading
  • Elementary School: Call Supt.
  • Middle Or Junior School: Call Supt.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2021
Closed on
Aug 17, 2021
Sold by
Lima Jason G
Bought by
Cadena Rosa and Cadena Hector
Seller's Agent
David Ladner
RE/MAX Harmony
Buyer's Agent
The Lucci Witte Team
William Raveis R.E. & Home Services
List Price
$299,900
Sold Price
$345,000
Premium/Discount to List
$45,100
15.04%
Current Estimated Value
$395,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,602
Avg. Annual Appreciation
2.80%

Purchase Details

Listed on
Feb 21, 2014
Closed on
Apr 15, 2014
Sold by
Davis Elbridge G Est
Bought by
Lima Jason G
Seller's Agent
Janice Sullivan
LAER Realty Partners
Buyer's Agent
Charlotte Scuderi
RE/MAX Andrew Realty Services
List Price
$184,900
Sold Price
$184,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.78%
Original Mortgage
$138,675
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 21, 2014
Closed on
Feb 26, 2014
Sold by
Est Davis Elbridge G and Callaghan Thomas P
Bought by
Desroches Dianne
Seller's Agent
Janice Sullivan
LAER Realty Partners
Buyer's Agent
Charlotte Scuderi
RE/MAX Andrew Realty Services
List Price
$184,900
Sold Price
$184,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,675
Interest Rate
4.37%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Cadena Rosa $345,000 None Available
Lima Jason G $184,900 --
Desroches Dianne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lima Jason G $135,600
Previous Owner Lima Jason G $138,675
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2021 09/09/21 Sold $345,000 +15.0% $433 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
06/20/2021 06/20/21 For Sale $299,900 +62.2% $376 / Sq Ft
04/16/2014 04/16/14 Sold $184,900 0.0% $232 / Sq Ft
03/15/2014 03/15/14 Pending -- -- --
02/26/2014 02/26/14 Off Market $184,900 -- --
02/21/2014 02/21/14 For Sale $184,900 -- $232 / 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 $4,030 $353,800 $0 $353,800
2024 $3,767 $321,400 $0 $321,400
2023 $4,021 $319,400 $0 $319,400
2022 $3,907 $293,100 $0 $293,100
2021 $3,830 $277,300 $0 $277,300
2020 $3,667 $262,900 $0 $262,900
2019 $3,505 $246,300 $0 $246,300
2018 $2,971 $214,200 $0 $214,200
2017 $2,904 $207,000 $0 $207,000
2016 $2,799 $193,000 $0 $193,000
2015 $2,464 $167,600 $0 $167,600
2014 $2,470 $167,600 $0 $167,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72853151

MLS Property Information Network (MLS PIN)

APN: READ-000008-000850-000090