NOT LISTED FOR SALE

4 Summit Dr Unit 303 Reading, MA 01867

Estimated Value: $450,000 - $505,000

2 Beds
2 Baths
1,075 Sq Ft
1985 Built

Last Sold November 16, 2020

Last sale price $364,000 $339 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,015/month

5 Days on Market

Highlights

  • Wood Flooring
  • French Doors
  • Central Air
  • Joshua Eaton Elementary School Rated A-

About This Home

As of November 2020

Welcome to the very popular Summit Terrace Condominiums. Ideally located providing quick access to major routes, it gets you where you need to be! Tucked away, yet near everything!! Compete with a garage space, and plenty of open, available parking, this split bedroom designed third floor unit is ideal for those who want to be together, yet provides privacy when needed. The two bedrooms are spacious, and each offer a full bath (owners suite has been modified in order to create a GIANT walk-in closet...bath and closet are outside of the bedroom). You will love the kitchen renovation here, where a comfortable OPEN FLOOR PLAN has been created. You haven't seen a granite topped island like this anywhere else! It even houses a wine refrigerator. It's the perfect gathering and entertaining space...WARNING, your friends may never leave. The baths have been updated with nice tile, granite vanities, and lovely fixtures. Heat and AC are less than 10 years old. Just move in an enjoy!

Last Agent to Sell the Property

Rick Nazzaro

Colonial Manor Realty Listed on: 09/03/2020

Last Buyer's Agent

Paula Fico

FICO Realty Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,739

Year Built

  • Built in 1985

Parking

  • 1 Car Garage

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Central Air
  • Radiator
  • Heat Pump System
  • Heating System Uses Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • French Doors
  • Year Round Access

Community Details

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,739

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Garden, Mid-Rise
  • Other Agent: 2.00
  • Year Built Description: Actual, Renovated Since
  • List Price Per Sq Ft: 325.49
  • Comp Based On: Net Sale Price
  • Year Built: 1985
  • Year Round: Yes
  • Unit Building: 303
  • Unit Level: 3
  • Unit Placement: Upper, Middle, Back
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1985

Interior Features

  • Flooring: Tile, Hardwood
  • Interior Amenities: Cable Available, French Doors, Elevator
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • No Bedrooms: 2
  • Master Bedroom: On Level: Third Floor, Dimension: 13X14, Closet - Walk-in, Flooring - Hardwood, French Doors
  • Bedroom 2: On Level: Third Floor, Dimension: 12X14, Ceiling Fan(s), Flooring - Wood, Lighting - Overhead, Closet - Double
  • Full Bathrooms: 2
  • Primary Bathroom: Yes
  • Bathroom 1: On Level: Third Floor, Bathroom - Full, Bathroom - Tiled With Tub & Shower, Countertops - Stone/Granite/Solid, Lighting - Sconce
  • Bathroom 2: On Level: Third Floor, Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
  • No Rooms: 4
  • Kitchen: On Level: Third Floor, Dimension: 17X12, Flooring - Stone/Ceramic Tile, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floor Plan, Remodeled, Stainless Steel Appliances, Wine Chiller, Lighting - Pendant, Lighting - Overhead, Beadboard
  • Laundry: On Level: Third Floor
  • Laundry Features: In Unit
  • Living Room: On Level: Third Floor, Dimension: 19X15, Ceiling Fan(s), Flooring - Hardwood, Balcony - Exterior, Cable Hookup, Exterior Access, Open Floor Plan, Lighting - Overhead
  • No Living Levels: 1
  • Main Lo: B32911
  • Main So: AN1233
  • Estimated Sq Ft: 1075.00

Exterior Features

  • Exterior: Brick
  • Exterior Unit Features: Balcony, Screens

Garage/Parking

  • Parking Feature: Off-Street, Deeded, Guest, Improved Driveway, Paved Driveway
  • Garage Parking: Under, Garage Door Opener, Deeded
  • Garage Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Cooling: Central Air, Heat Pump
  • Cooling Zones: 1
  • Heating: Hot Water Radiators, Gas
  • Heat Zones: 1
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Electric Dryer, Washer Hookup

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Shopping, Highway Access
  • HOA Fees: 668.00
  • Association Fee Includes: Heat, Hot Water, Gas, Water, Sewer, Master Insurance, Elevator, Exterior Maintenance, Road Maintenance, Landscaping, Snow Removal, Extra Storage, Refuse Removal, Air Conditioning, Reserve Funds
  • Condo Association: Yes
  • Association Security: Intercom
  • Management: Professional - Off Site, Owner Association

Association/Amenities

  • Condominium Name: Summit Terrace

Lot Info

  • Assessments: 294700.00
  • Page: 84
  • Zoning: Condo

Green Features

  • Energy Features: Insulated Windows, Insulated Doors

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 4111.07
  • Tax Year: 2020

Multi Family

  • No Units: 66
  • No Units Owner Occ: 61

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2020
Closed on
Nov 11, 2020
Sold by
Giglio Michael A
Bought by
Lanni Phyllis G
Seller's Agent
Rick Nazzaro
Colonial Manor Realty
Buyer's Agent
Paula Fico
FICO Realty Group
List Price
$3,499,000
Sold Price
$364,000
Premium/Discount to List
-$3,135,000
-89.6%
Total Days on Market
5
Current Estimated Value
$469,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,025
Avg. Annual Appreciation
5.68%

Purchase Details

Closed on
Dec 30, 2005
Sold by
Wardrobe Jane B
Bought by
Giglio Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,800
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Lanni Phyllis G $364,000 None Available
Giglio Michael A $272,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Giglio Michael A $228,800
Previous Owner Giglio Michael A $244,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2020 11/16/20 Sold $364,000 +4.0% $339 / Sq Ft
09/08/2020 09/08/20 Pending -- -- --
09/03/2020 09/03/20 Price Changed $349,900 -90.0% $325 / Sq Ft
09/03/2020 09/03/20 For Sale $3,499,000 -- $3,255 / 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 $4,739 $416,100 $0 $416,100
2024 $4,165 $355,400 $0 $355,400
2023 $4,418 $350,900 $0 $350,900
2022 $4,198 $314,900 $0 $314,900
2021 $4,231 $306,400 $0 $306,400
2020 $4,111 $294,700 $0 $294,700
2019 $3,927 $276,000 $0 $276,000
2018 $3,179 $229,200 $0 $229,200
2017 $2,924 $208,400 $0 $208,400
2016 $3,028 $208,800 $0 $208,800
2015 $2,843 $193,400 $0 $193,400
2014 $2,591 $175,800 $0 $175,800
Source: Public Records

Agents Affiliated with this Home

  • Rick Nazzaro

    Seller's Agent in 2020

    Rick Nazzaro

    Colonial Manor Realty

    (781) 290-7425

    115 in this area

    177 Total Sales

    Rick Nazzaro
    Section Image
  • Paula Fico

    Buyer's Agent in 2020

    Paula Fico

    FICO Realty Group

    (617) 851-3241

    1 in this area

    38 Total Sales

    Paula Fico
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72719955

MLS Property Information Network (MLS PIN)

APN: READ-000008-000726-000103

Massachusetts Middlesex County Reading 01867

4 Summit Dr Unit 303, Reading, MA

This home is located at 4 Summit Dr Unit 303, Reading, MA 01867 since 03 September 2020 and is currently estimated at $469,025, approximately $436 per square foot. This property was built in 1985. 4 Summit Dr Unit 303 is a home located in Middlesex County with nearby schools including Joshua Eaton Elementary School, Walter S. Parker Middle School, and Reading Memorial High School.

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