$432,000
●
Condo -
Off Market
1 Summit Drive #26
Reading, MA 01867
2 Beds
2 Baths
1,094 Ft²
$427,450
RealtyHop Estimate
1.77%
Since May 1, 2023
MA-Boston
Primary Model
About This Property
You'll be able to move right in to this freshly painted second
floor unit at desirable Summit Towers. The unit features
gleaming hardwood floors and six panel doors. The slider from the
living room leads to the tile floored balcony which is large enough
for a table and four chairs. If you want to enjoy less formal
meals in the kitchen instead of utilizing the ample dining area,
there's room to work AND eat in the kitchen with it's beautiful
tiled floor, European cabinets and tile counters and backsplash.
Both the primary and secondary full bath are showroom
beautiful! The main bedroom's walk-in closet is cedar lined.
Buy now and enjoy the pool come Memorial Day!! Plenty of
parking, additional storage unit. Condo fee INCLUDES HEAT, water,
hot water, etc. Open Houses are NOT allowed so make an
appointment! Showings begin Sat. March 18.
Unit Size
1,094 Ft²
Days on Market
-
Land Size
-
Price per sqft
$384
Property Type
Condo
Property Taxes
$380
HOA Dues
$485
Year Built
-
Payment Calculator
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Cap Rate Calculator
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Monthly Rental Income
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Income Per Year
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Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (MLSPIN #73088123)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 14, 2023 | Sold | ||
| Sold | |||
| Mar 19, 2023 | In contract | - | |
| In contract | |||
| Mar 15, 2023 | Listed by ERA Key Realty Services | $420,000 | |
| Listed by ERA Key Realty Services | |||
| | |||
|
You'll be able to move right in to this freshly painted second floor unit at desirable Summit Towers. The unit features gleaming hardwood floors and six panel doors. The slider from the living room leads to the tile floored balcony which is large enough for a table and four chairs. If you want to enjoy less formal meals in the kitchen instead of utilizing the ample dining area, there's room to work AND eat in the kitchen with it's beautiful tiled floor, European cabinets and tile counters and backsplash. Both the primary and secondary full bath are showroom beautiful! The main bedroom's walk-in closet is cedar lined. Buy now and enjoy the pool come Memorial Day!! Plenty of parking, additional storage unit. Condo fee INCLUDES HEAT, water, hot water, etc. Open Houses are NOT allowed so make an appointment! Showings begin Sat. March 18.
| |||
Property Highlights
Parking Available
Elevator
Air Conditioning
Parking Details
Parking Features: Off Street, Common
Interior Details
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave
Flooring Type: Tile, Engineered Hardwood
Laundry Features: In Building
Rooms: 5
Basement: N
Exterior Details
Has Property Attached
Square Footage: 1094
Security Features: Intercom
Year Built Source: Public Records
Year Built: 1970
Building Name: Summit Towers
Building Area Total: 1094
Building Area Units: Square Feet
Construction Materials: Frame
Pool Features: Association, In Ground
Pool is Private
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $341,600
Tax Annual Amount: $4,554
Utilities Details
Cooling Type: Central Air, Fan Coil
Heating Type: Central, Natural Gas, Fan Coil
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Gas, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Heat, Road Maintenance, Air Conditioning, Reserve Funds
HOA/Condo/Coop Amenities: Hot Water, Pool, Laundry, Elevator(s), Storage
HOA Fee: $485
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/29/2025
|
2 Bed
|
2 Bath
|
1076 ft²
|
$459,000
2 Bed
2 Bath
1076 ft²
|
-
-
|
Kathy Devine
ERA Key Realty Services
| |
|
06/27/2025
|
1 Bed
|
1 Bath
|
830 ft²
|
$424,999
1 Bed
1 Bath
830 ft²
|
$420,000
-1.18%
08/15/2025
|
Kathy Devine
ERA Key Realty Services
| |
|
10/25/2023
|
1 Bed
|
1 Bath
|
830 ft²
|
$369,000
1 Bed
1 Bath
830 ft²
|
$367,000
-0.54%
11/14/2023
|
The Lisa Sevajian Group
Compass
| |
|
11/01/2023
|
2 Bed
|
2 Bath
|
1127 ft²
|
$430,000
2 Bed
2 Bath
1127 ft²
|
$395,000
-8.14%
12/04/2023
|
The Adams Home Team
Keller Williams Gateway Realty
| |
|
08/07/2023
|
1 Bed
|
1 Bath
|
830 ft²
|
$359,900
1 Bed
1 Bath
830 ft²
|
$380,000
+5.58%
11/16/2023
|
Kathy Devine
ERA Key Realty Services
| |
|
03/22/2023
|
2 Bed
|
2 Bath
|
1124 ft²
|
$399,900
2 Bed
2 Bath
1124 ft²
|
$440,000
+10.03%
04/27/2023
|
Kristin Weekley
Leading Edge Real Estate
| |
|
03/15/2023
|
2 Bed
|
2 Bath
|
1094 ft²
|
$420,000
2 Bed
2 Bath
1094 ft²
|
$432,000
+2.86%
04/14/2023
|
Kathy Devine
ERA Key Realty Services
| |
|
11/25/2022
|
1 Bed
|
1 Bath
|
818 ft²
|
$295,000
1 Bed
1 Bath
818 ft²
|
$290,000
-1.69%
12/16/2022
|
Maryellen Russo
Lamacchia Realty, Inc.
| |
|
10/26/2022
|
2 Bed
|
2 Bath
|
1048 ft²
|
$419,900
2 Bed
2 Bath
1048 ft²
|
$410,000
-2.36%
11/30/2022
|
Rick Nazzaro
Colonial Manor Realty
| |
|
05/05/2022
|
2 Bed
|
2 Bath
|
1049 ft²
|
$389,900
2 Bed
2 Bath
1049 ft²
|
$389,900
06/30/2022
|
Kathy Devine
ERA Key Realty Services
| |
|
04/13/2022
|
2 Bed
|
2 Bath
|
1047 ft²
|
$365,000
2 Bed
2 Bath
1047 ft²
|
$410,000
+12.33%
05/19/2022
|
Joan Barker
LAER Realty Partners
| |
|
11/05/2021
|
2 Bed
|
2 Bath
|
1095 ft²
|
$354,000
2 Bed
2 Bath
1095 ft²
|
$365,000
+3.11%
12/17/2021
|
Maura Hayes Campbell
LAER Realty Partners
| |
|
08/06/2021
|
2 Bed
|
2 Bath
|
1095 ft²
|
$355,000
2 Bed
2 Bath
1095 ft²
|
$365,000
+2.82%
09/29/2021
|
Kathy Devine
ERA Key Realty Services
| |
|
09/11/2020
|
2 Bed
|
2 Bath
|
1115 ft²
|
$365,000
2 Bed
2 Bath
1115 ft²
|
$370,000
+1.37%
10/30/2020
|
Kathy Devine
ERA Key Realty Services
| |
|
05/23/2020
|
1 Bed
|
1 Bath
|
816 ft²
|
$285,000
1 Bed
1 Bath
816 ft²
|
$296,000
+3.86%
07/01/2020
|
Sandy Habashy
LAER Realty Partners
| |
|
09/26/2019
|
2 Bed
|
2 Bath
|
1048 ft²
|
$339,900
2 Bed
2 Bath
1048 ft²
|
$340,000
+0.03%
12/02/2019
|
Rick Nazzaro
Colonial Manor Realty
| |
|
12/01/2017
|
2 Bed
|
2 Bath
|
1047 ft²
|
$349,900
2 Bed
2 Bath
1047 ft²
|
$355,000
+1.46%
01/12/2018
|
Stephen Conroy
The Thomson Companies
| |
|
07/14/2017
|
1 Bed
|
1 Bath
|
813 ft²
|
$225,000
1 Bed
1 Bath
813 ft²
|
$250,000
+11.11%
09/21/2017
|
Kathy Devine
ERA Key Realty Services
| |
|
10/15/2016
|
1 Bed
|
1 Bath
|
818 ft²
|
$200,000
1 Bed
1 Bath
818 ft²
|
$220,000
+10.00%
12/14/2016
|
Kathy Devine
ERA Key Realty Services
| |
|
06/21/2016
|
2 Bed
|
2 Bath
|
1070 ft²
|
$289,000
2 Bed
2 Bath
1070 ft²
|
$307,000
+6.23%
08/15/2016
|
Andrew McCaul
Prestige Homes Real Estate, LLC
| |
|
03/12/2016
|
2 Bed
|
2 Bath
|
1123 ft²
|
$269,900
2 Bed
2 Bath
1123 ft²
|
$271,000
+0.41%
05/11/2016
|
Joyce Kiley
Boardwalk Real Estate
| |
|
11/24/2015
|
1 Bed
|
1 Bath
|
816 ft²
|
$225,000
1 Bed
1 Bath
816 ft²
|
$215,000
-4.44%
02/19/2016
|
Kathy Devine
ERA Key Realty Services
| |
|
08/14/2015
|
2 Bed
|
2 Bath
|
1074 ft²
|
$237,900
2 Bed
2 Bath
1074 ft²
|
$232,500
-2.27%
10/02/2015
|
Evan Russell
Century 21 North East Homes
| |
|
08/04/2015
|
1 Bed
|
1 Bath
|
832 ft²
|
$190,000
1 Bed
1 Bath
832 ft²
|
$190,100
+0.05%
09/10/2015
|
Kathy Devine
ERA Key Realty Services
| |
|
02/21/2015
|
2 Bed
|
2 Bath
|
1049 ft²
|
$250,000
2 Bed
2 Bath
1049 ft²
|
$250,000
04/30/2015
|
Kathy Devine
ERA Key Realty Services
| |
|
03/13/2014
|
2 Bed
|
2 Bath
|
1115 ft²
|
$239,000
2 Bed
2 Bath
1115 ft²
|
$230,000
-3.77%
04/30/2014
|
Josh Gagnon
Century 21 North East Homes
| |
|
10/10/2013
|
2 Bed
|
2 Bath
|
1072 ft²
|
$215,000
2 Bed
2 Bath
1072 ft²
|
$205,000
-4.65%
12/02/2013
|
Kathy Devine
ERA Key Realty Services
| |
|
05/13/2013
|
2 Bed
|
2 Bath
|
1125 ft²
|
$249,000
2 Bed
2 Bath
1125 ft²
|
$249,000
08/29/2013
|
Mazie Galazka
Weichert REALTORS® Blueprint Brokers
| |
|
02/14/2013
|
1 Bed
|
1 Bath
|
815 ft²
|
$174,900
1 Bed
1 Bath
815 ft²
|
$175,000
+0.06%
03/28/2013
|
Casey Elia
RE/MAX Renaissance Inc
| |
|
06/05/2012
|
1 Bed
|
1 Bath
|
766 ft²
|
$169,900
1 Bed
1 Bath
766 ft²
|
$165,000
-2.88%
01/11/2013
|
Mary Ann Quinn
William Raveis R.E. & Home Services
| |
|
06/20/2010
|
1 Bed
|
1 Bath
|
830 ft²
|
$174,900
1 Bed
1 Bath
830 ft²
|
$166,500
-4.80%
12/14/2010
|
Kathy Devine
ERA Key Realty Services
| |
|
05/14/2009
|
2 Bed
|
2 Bath
|
1125 ft²
|
$249,900
2 Bed
2 Bath
1125 ft²
|
$244,000
-2.36%
11/20/2009
|
Kenneth Leva
Gibson Sotheby's International Realty
| |
|
03/21/2009
|
2 Bed
|
2 Bath
|
1096 ft²
|
$239,900
2 Bed
2 Bath
1096 ft²
|
$220,000
-8.30%
07/10/2009
|
Kathy Devine
ERA Key Realty Services
| |
|
03/05/2009
|
2 Bed
|
2 Bath
|
1070 ft²
|
$226,500
2 Bed
2 Bath
1070 ft²
|
$216,000
-4.64%
06/29/2009
|
Kathy Devine
ERA Key Realty Services
| |
|
08/17/2007
|
2 Bed
|
2 Bath
|
1126 ft²
|
$249,900
2 Bed
2 Bath
1126 ft²
|
$235,000
-5.96%
01/30/2008
|
Kathy Devine
ERA Key Realty Services
| |
|
05/12/2007
|
2 Bed
|
2 Bath
|
1126 ft²
|
$259,000
2 Bed
2 Bath
1126 ft²
|
$250,000
-3.47%
07/31/2007
|
Carolyn Lassiter
Excelsior Realty Group
| |
|
03/09/2007
|
2 Bed
|
2 Bath
|
1046 ft²
|
$225,900
2 Bed
2 Bath
1046 ft²
|
$200,000
-11.47%
09/04/2007
|
Kathy Devine
ERA Key Realty Services
| |
|
08/04/2005
|
1 Bed
|
1 Bath
|
850 ft²
|
$215,000
1 Bed
1 Bath
850 ft²
|
$211,000
-1.86%
09/14/2005
|
Tonya Botticelli Amico
Colonial Manor Realty
| |
|
01/21/2005
|
1 Bed
|
1 Bath
|
463 ft²
|
$159,900
1 Bed
1 Bath
463 ft²
|
$155,000
-3.06%
03/28/2005
|
Kathy Devine
ERA Key Realty Services
| |
|
01/08/2005
|
1 Bed
|
1 Bath
|
815 ft²
|
$220,000
1 Bed
1 Bath
815 ft²
|
$210,000
-4.55%
03/01/2005
|
Kathy Devine
ERA Key Realty Services
| |
|
11/08/2004
|
1 Bed
|
1 Bath
|
832 ft²
|
$219,900
1 Bed
1 Bath
832 ft²
|
$219,900
03/28/2005
|
Kathy Devine
ERA Key Realty Services
| |
|
08/21/2004
|
2 Bed
|
2 Bath
|
1095 ft²
|
$279,900
2 Bed
2 Bath
1095 ft²
|
$275,000
-1.75%
10/29/2004
|
Kathy Devine
ERA Key Realty Services
| |
|
03/07/2003
|
1 Bed
|
1 Bath
|
819 ft²
|
$189,900
1 Bed
1 Bath
819 ft²
|
$190,000
+0.05%
05/20/2003
|
Mindy Widtfeldt
Coldwell Banker Realty - Lexington
| |
|
11/27/2002
|
2 Bed
|
2 Bath
|
1086 ft²
|
$244,500
2 Bed
2 Bath
1086 ft²
|
$244,500
04/30/2003
|
Sheila Johnsen
Carlson GMAC Real Estate
| |
|
10/17/2002
|
2 Bed
|
2 Bath
|
1094 ft²
|
$279,900
2 Bed
2 Bath
1094 ft²
|
$265,000
-5.32%
01/14/2003
|
Joyce Kiley
Boardwalk Real Estate
| |
|
10/03/2002
|
1 Bed
|
1 Bath
|
832 ft²
|
$175,000
1 Bed
1 Bath
832 ft²
|
$170,000
-2.86%
11/22/2002
|
Maryann Finocchiaro
Coldwell Banker Residential Brokerage - Stoneham
| |
|
03/26/2002
|
2 Bed
|
2 Bath
|
1087 ft²
|
$229,900
2 Bed
2 Bath
1087 ft²
|
$215,000
-6.48%
05/31/2002
|
Paul Rallo
Keller Williams Realty
| |
|
06/09/2001
|
2 Bed
|
2 Bath
|
1123 ft²
|
$189,900
2 Bed
2 Bath
1123 ft²
|
$190,000
+0.05%
08/24/2001
|
Joyce Kiley
Boardwalk Real Estate
| |
|
05/22/2001
|
1 Bed
|
1 Bath
|
817 ft²
|
$179,000
1 Bed
1 Bath
817 ft²
|
$170,000
-5.03%
09/03/2001
|
Mindy Widtfeldt
Coldwell Banker Realty - Lexington
| |
|
08/08/2000
|
Studio
|
1 Bath
|
463 ft²
|
$88,500
Studio
1 Bath
463 ft²
|
$86,000
-2.82%
09/25/2000
|
Joyce Kiley
Boardwalk Real Estate
| |
|
06/11/2000
|
2 Bed
|
2 Bath
|
1074 ft²
|
$165,000
2 Bed
2 Bath
1074 ft²
|
$160,000
-3.03%
09/19/2000
|
Joyce Kiley
Boardwalk Real Estate
| |
|
08/20/1999
|
Studio
|
1 Bath
|
460 ft²
|
$74,900
Studio
1 Bath
460 ft²
|
$75,000
+0.13%
10/25/1999
|
Sheila Johnsen
Carlson GMAC Real Estate
| |
|
06/18/1999
|
2 Bed
|
2 Bath
|
1071 ft²
|
$149,900
2 Bed
2 Bath
1071 ft²
|
$150,300
+0.27%
08/03/1999
|
Joyce Kiley
Boardwalk Real Estate
| |
|
06/02/1999
|
2 Bed
|
2 Bath
|
1096 ft²
|
$144,900
2 Bed
2 Bath
1096 ft²
|
$145,000
+0.07%
07/30/1999
|
Joyce Kiley
Boardwalk Real Estate
| |
|
05/07/1999
|
1 Bed
|
1 Bath
|
-
|
$119,900
1 Bed
1 Bath
|
$117,000
-2.42%
06/18/1999
|
Joyce Kiley
Boardwalk Real Estate
| |
|
04/10/1999
|
1 Bed
|
1 Bath
|
819 ft²
|
$114,900
1 Bed
1 Bath
819 ft²
|
$114,000
-0.78%
06/11/1999
|
Joyce Kiley
Boardwalk Real Estate
| |
|
08/12/1998
|
2 Bed
|
2 Bath
|
1123 ft²
|
$132,900
2 Bed
2 Bath
1123 ft²
|
$132,900
09/01/1998
|
Joyce Kiley
Boardwalk Real Estate
| |
|
08/06/1998
|
2 Bed
|
2 Bath
|
1096 ft²
|
$137,900
2 Bed
2 Bath
1096 ft²
|
$135,000
-2.10%
11/30/1998
|
Joyce Kiley
Boardwalk Real Estate
| |
|
05/29/1998
|
2 Bed
|
2 Bath
|
1123 ft²
|
$137,900
2 Bed
2 Bath
1123 ft²
|
$137,000
-0.65%
07/24/1998
|
Joyce Kiley
Boardwalk Real Estate
| |
|
06/30/1997
|
2 Bed
|
2 Bath
|
1074 ft²
|
$129,900
2 Bed
2 Bath
1074 ft²
|
$129,900
09/12/1997
|
Joyce Kiley
Boardwalk Real Estate
| |
|
08/18/1996
|
1 Bed
|
1 Bath
|
830 ft²
|
$84,900
1 Bed
1 Bath
830 ft²
|
$83,500
-1.65%
10/07/1996
|
Joseph Arsenault
Century 21 Greer's R. E.
| |
|
01/15/1996
|
1 Bed
|
1 Bath
|
835 ft²
|
$89,900
1 Bed
1 Bath
835 ft²
|
$80,000
-11.01%
05/31/1996
|
Joyce Kiley
Boardwalk Real Estate
| |
|
09/04/1995
|
2 Bed
|
2 Bath
|
1075 ft²
|
$109,900
2 Bed
2 Bath
1075 ft²
|
$100,000
-9.01%
11/15/1995
|
Joyce Kiley
Boardwalk Real Estate
| |
|
04/01/1995
|
1 Bed
|
1 Bath
|
766 ft²
|
$69,900
1 Bed
1 Bath
766 ft²
|
$69,900
08/17/1995
|
Josephine Campbell Jacobus
Carlson GMAC Real Estate
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017