NOT LISTED FOR SALE

4 Summit Dr Unit 504 Reading, MA 01867

Estimated Value: $465,323 - $489,000

2 Beds
2 Baths
1,040 Sq Ft
$622/mo HOA Fee

Last Sold April 19, 2018

Last sale price $312,000 $300 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $3,641/month

5 Days on Market

Highlights

  • Golf Course Community
  • Open Floorplan
  • Solid Surface Countertops
  • Joshua Eaton Elementary School Rated A-
  • Property is near public transit
  • Elevator

About This Home

As of April 2018

Upper-level unit at Summit Terrace in Reading is back on the market and better than ever! Unit has great light and flow. Enjoy the modern upgraded kitchen with tall maple cabinetry, high-quality stainless steel appliances, and granite countertops. Open concept living room and dining space with access to private balcony - the perfect spot to enjoy your morning coffee or a summer evening. Two large bedrooms with generous closet space. Ample closet storage throughout. Master bedroom also boasts a step-in closet and en suite bath. Convenient washer/dryer in unit. Deeded, covered parking space and extra storage included! Amazing location - just minutes to 95, downtown Reading and beautiful Lake Quannapowitt! There will be no open houses.

Last Agent to Sell the Property

Tina Endicott

RE/MAX Encore Listed on: 03/26/2018

RE/MAX Encore

Last Buyer's Agent

Bob O'Reilly

Senne

Senne

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,316

Year Built

  • Built in 1985

HOA Fees

  • $622 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Tuck Under Parking
  • Off-Street Parking
  • Deeded Parking
  • Assigned Parking

Home Design

  • Garden Home
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 1,040 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Entryway
  • Intercom

Kitchen

  • Oven
  • Built-In Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Eaton Elementary School
  • Parker Middle School
  • RMHS High School

Utilities

  • Central Air
  • 1 Heating Zone
  • Heat Pump System
  • Hot Water Heating System
  • Gas Water Heater

Community Details

Overview

  • Association fees include heat, water, sewer, insurance, maintenance structure, road maintenance, ground maintenance, snow removal, air conditioning
  • 66 Units
  • Mid-Rise Condominium
  • Summit Terrace Condominiums Community

Amenities

  • Shops
  • Elevator
  • Community Storage Space

Recreation

  • Golf Course Community

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,316

Year Built

Built in 1985

Lot Details

0

HOA Fees

$622 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden, Mid-Rise
  • Year Built: 1985
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Entry Level: 5
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Flooring - Stone/Ceramic Tile
  • Interior Amenities: Closet, Entry Hall
  • Entry Location: Unit Placement(Upper)
  • Fireplace YN: No
  • Appliances: Oven,Dishwasher,Disposal,Microwave,Countertop Range,Washer,Dryer, Gas Water Heater
  • Total Bedrooms: 2
  • Room Bedroom2 Features: Closet, Flooring - Wall to Wall Carpet
  • Room Bedroom2 Area: 143
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Room Master Bedroom Features: Bathroom - 3/4, Closet, Flooring - Wall to Wall Carpet
  • Room Master Bedroom Area: 170
  • Master Bathroom Features: Yes
  • Bathroom 1 Area: 20
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Tub & Shower
  • Bathroom 2 Area: 20
  • Bathroom 2 Features: Bathroom - 3/4, Bathroom - With Shower Stall
  • Room Dining Room Features: Flooring - Wall to Wall Carpet, Open Floorplan, Recessed Lighting
  • Room Dining Room Area: 72
  • Room Kitchen Features: Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Recessed Lighting
  • Room Kitchen Area: 36
  • Laundry Features: In Unit
  • Room Living Room Area: 208
  • Room Living Room Features: Flooring - Wall to Wall Carpet, Balcony - Exterior, Open Floorplan, Recessed Lighting
  • Living Area: 1040
  • Other Equipment: Intercom
  • Stories Total: 1
  • MAIN LO: AN4643
  • LIST PRICE PER Sq Ft: 288.37
  • PRICE PER Sq Ft: 300
  • MAIN SO: an6181

Exterior Features

  • Exterior Features: Balcony - Exterior, Balcony
  • Construction Materials: Frame
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage YN: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Parking Features: Under, Deeded, Assigned, Off Street
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public
  • HEAT ZONES: 1

Condo/Co-op/Association

  • Association Amenities: Hot Water, Elevator(s), Storage
  • Association Fee: 622
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Golf, Highway Access, House of Worship, Private School, Public School, T-Station
  • Senior Community YN: No
  • UNIT BUILDING: 504
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Zoning: A
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 127

Rental Info

  • Pets Allowed: Breed Restrictions

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 3316.3
  • Tax Book Number: 29731

Multi Family

  • Number Of Units Total: 66
  • NO UNITS OWNER OCC: 59

MLS Schools

  • High School: Rmhs
  • Elementary School: Eaton
  • Middle Or Junior School: Parker

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2018
Closed on
Apr 19, 2018
Sold by
Summit Terrace Rt
Bought by
Caouette Carol A
Seller's Agent
Tina Endicott
RE/MAX Encore
Buyer's Agent
Bob O'Reilly
Senne
List Price
$299,900
Sold Price
$312,000
Premium/Discount to List
$12,100
4.03%
Current Estimated Value
$472,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,081
Avg. Annual Appreciation
5.19%
Original Mortgage
$234,000
Interest Rate
4.4%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

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Average Value
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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
Caouette Carol A $312,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caouette Carol A $231,000
Closed Caouette Carol A $234,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2018 04/19/18 Sold $312,000 +4.0% $300 / Sq Ft
03/31/2018 03/31/18 Pending -- -- --
03/26/2018 03/26/18 For Sale $299,900 -- $288 / 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 $4,946 $434,200 $0 $434,200
2024 $4,346 $370,800 $0 $370,800
2023 $4,609 $366,100 $0 $366,100
2022 $4,380 $328,600 $0 $328,600
2021 $4,415 $319,700 $0 $319,700
2020 $4,290 $307,500 $0 $307,500
2019 $4,097 $287,900 $0 $287,900
2018 $3,316 $239,100 $0 $239,100
2017 $3,050 $217,400 $0 $217,400
2016 $3,160 $217,900 $0 $217,900
2015 $2,966 $201,800 $0 $201,800
2014 $2,703 $183,400 $0 $183,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72298331

MLS Property Information Network (MLS PIN)

APN: READ-000008-000753-000103