NOT LISTED FOR SALE

502 Gazebo Cir Reading, MA 01867

Estimated Value: $568,000 - $586,913

2 Beds
2 Baths
1,197 Sq Ft
$315/mo HOA Fee

Last Sold November 13, 2018

Last sale price $400,000 $334 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,833/month

16 Days on Market

About This Home

As of November 2018

Sought after Summit Village corner unit with one floor, 1st level living! One car garage (23x14) with direct entry into unit. In unit large laundry room with full sized, side by side units included and many built in storage shelves. Sliders to balcony overlooking back of complex. Master bedroom with full bath and walk in closet. 2nd bedroom with 2 closets. Open concept dining/living rooms with natural gas fireplace and custom built in oak china cabinet. Central air conditioning. Natural gas heat and grill connection on deck. Champion replacement insulated windows and sliding door. 2 car parking (one in front of garage and one in garage). Fantastic location on the Wakefield and Stoneham border with easy access to Rte. 128 (95) and Rte. 93.

Last Agent to Sell the Property

Joe Bean

Joe Bean Real Estate Listed on: 09/19/2018

Last Buyer's Agent

Patricia Black

Premier Realty Group, Inc. License #448500340

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,815

Year Built

  • Built in 1996

Lot Details

  • Year Round Access

HOA Fees

  • $315 per month

Parking

  • 1 Car Garage

Kitchen

  • Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating System Uses Gas
  • Hydro-Air Heating System
  • Cable TV Available

Community Details

  • Call for details about the types of pets allowed

Listing and Financial Details

  • Assessor Parcel Number M:008.0-0752-0087.0

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,815

Year Built

Built in 1996

Lot Details

0

HOA Fees

$315 per month

Parking

1

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Garden, Mid-Rise, Attached
  • Other Agent: 2.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 354.97
  • Comp Based On: Net Sale Price
  • Year Built: 1996
  • Year Round: Yes
  • Unit Building: 502
  • Unit Level: 1
  • Unit Placement: Street, End, Back
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1996

Interior Features

  • Fireplaces: 1
  • Interior Amenities: Cable Available
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • No Bedrooms: 2
  • Master Bedroom: On Level: First Floor, Dimension: 15X12, Bathroom - Full, Ceiling Fan(s), Closet - Walk-in, Flooring - Wall to Wall Carpet, Main Level
  • Bedroom 2: On Level: First Floor, Dimension: 13X10, Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet, Main Level
  • Full Bathrooms: 2
  • Primary Bathroom: Yes
  • Bathroom 1: On Level: First Floor, Dimension: 8X5, Bathroom - Full, Bathroom - Tiled With Tub & Shower, Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Main Level
  • Bathroom 2: On Level: First Floor, Dimension: 8X5, Bathroom - Full, Bathroom - Tiled With Shower Stall, Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Main Level
  • No Rooms: 5
  • Dining Room: On Level: First Floor, Dimension: 10X9, Ceiling Fan(s), Flooring - Laminate, Balcony - Exterior, Main Level, Exterior Access, Open Floor Plan, Slider
  • Kitchen: On Level: First Floor, Dimension: 13X9, Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Main Level, Exterior Access
  • Laundry: On Level: First Floor, Dimension: 13X7, Flooring - Stone/Ceramic Tile, Main Level, Cabinets - Upgraded, Dryer Hookup - Electric, Exterior Access, Washer Hookup
  • Living Room: On Level: First Floor, Dimension: 19X12, Fireplace, Flooring - Wall to Wall Carpet, Main Level, Open Floor Plan
  • No Living Levels: 1
  • Main Lo: AN1010
  • Main So: B95198
  • Estimated Sq Ft: 1197.00

Exterior Features

  • Exterior Unit Features: Balcony, Gazebo, Professional Landscaping

Garage/Parking

  • Parking Feature: Off-Street, Deeded, Paved Driveway
  • Parking Spaces: 1
  • Garage Parking: Attached, Garage Door Opener, Storage, Work Area
  • Garage Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Central Air
  • Heating: Gas, Hydro Air
  • Utility Connections: for Electric Range, for Electric Dryer

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
  • HOA Fees: 315.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Road Maintenance, Landscaping, Snow Removal, Refuse Removal
  • Condo Association: Yes
  • Management: Professional - Off Site

Association/Amenities

  • Condominium Name: Summit Village

Schools

  • Elementary School: Joshua Eaton*
  • Middle School: Parker (6,7,8)
  • High School: Reading Mem. HS

Lot Info

  • Assessments: 337500.00
  • Page: 419
  • Parcel Number: M:008.0-0752-0087.0
  • Zoning: res

Green Features

  • Energy Features: Insulated Windows

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 4681.00
  • Assessor Parcel Number: 730700

Multi Family

  • No Units: 132

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2025
Sold by
Shannon Judith A
Bought by
Judith T Shannon T T and Judith Shannon
Current Estimated Value
$579,478

Purchase Details

Listed on
Sep 19, 2018
Closed on
Nov 13, 2018
Sold by
Pelusi Ft
Bought by
Shannon Judith A
Seller's Agent
Joe Bean
Joe Bean Real Estate
Buyer's Agent
Patricia Black
Premier Realty Group, Inc.
List Price
$424,900
Sold Price
$400,000
Premium/Discount to List
-$24,900
-5.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.47%

Purchase Details

Closed on
Apr 27, 2004
Sold by
Pelusi Rose Marie
Bought by
Pelusi Anthony R and Pelusi Ft

Purchase Details

Closed on
Nov 3, 1998
Sold by
Tucker Richard W and Tucker Marie N
Bought by
Pelusi Anthony R and Pelusi Rose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 12, 1997
Sold by
Reading Bear Hill Lp
Bought by
Tucker Richard W and Tucker Marie N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,100
Interest Rate
7.97%
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 Buyer Sale Price Title Company
Judith T Shannon T T -- --
Judith T Shannon T T -- --
Shannon Judith A $400,000 --
Shannon Judith A $400,000 --
Pelusi Anthony R -- --
Pelusi Anthony R -- --
Pelusi Anthony R $191,000 --
Tucker Richard W $174,970 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tucker Richard W $100,000
Previous Owner Tucker Richard W $45,000
Previous Owner Tucker Richard W $136,000
Previous Owner Tucker Richard W $135,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2018 11/13/18 Sold $400,000 -5.9% $334 / Sq Ft
10/05/2018 10/05/18 Pending -- -- --
09/19/2018 09/19/18 For Sale $424,900 -- $355 / 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 $5,815 $510,500 $0 $510,500
2024 $5,790 $494,000 $0 $494,000
2023 $5,804 $461,000 $0 $461,000
2022 $5,523 $414,300 $0 $414,300
2021 $5,412 $391,900 $0 $391,900
2020 $5,467 $391,900 $0 $391,900
2019 $5,294 $372,000 $0 $372,000
2018 $4,681 $337,500 $0 $337,500
2017 $4,620 $329,300 $0 $329,300
2016 $4,365 $301,000 $0 $301,000
2015 $4,216 $286,800 $0 $286,800
2014 $4,227 $286,800 $0 $286,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72397563

MLS Property Information Network (MLS PIN)

APN: READ-000008-000752-000087