2 Summit Drive #63

$250,000

● Condo - Off Market

2 Summit Drive #63

Reading, MA 01867

Studio

1 Bath

467 Ft²

$1,711

Est. Monthly

$201

HOA / Fees

7.02%

Cap Rate

About This Property

The 6th floor location within the building and the beautiful lake view more than make up for the updates needed. This PENTHOUSE studio is in a beautiful spot, making your desired improvements well worth your time and money. This is an ideal place for those starting out, as you could own it for less than this would rent for. For a "cool" look, just refinish the parquet floors...they're making a come-back! Needs a new kitchen, sliders, bath, paint and fixtures. In a space this size...should be a breeze. I can see it all done and "wicked sharp..." How about you? In-ground pool, plenty of parking, in-building laundry, extra storage unit, low fees, a GREAT expansive balcony, and easy access to major routes, restaurants and farmers market all add up to make this a tremendous opportunity. Don't delay!!

Unit Size

467 Ft²

Days on Market

Land Size

Price per sqft

$557

Property Type

Condo

Property Taxes

$233

HOA Dues

$201

Year Built

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (MLSPIN #73305855)

Price History

Date / Event	Date	Event
Dec 12, 2024	Sold	Premium
Sold
Nov 4, 2024	In contract	-
In contract
Oct 24, 2024	Listed by Colonial Manor Realty	$259,900
Listed by Colonial Manor Realty

Property Highlights

Parking Available

Elevator

Air Conditioning

Interior Details

Features: No

Full Bathrooms: 1

Appliances: Range, Refrigerator

Flooring Type: Parquet

Laundry Features: In Building

Rooms: 2

Basement: N

Parking Details

Parking Features: Off Street, Common, Guest, Paved

Exterior Details

Has Property Attached

Entry Level: 6

Security Features: Intercom

Year Built Source: Public Records

Year Built Details: Actual

PropertySubType: Condominium

Building Name: Summit Towners

Structure Type: Mid-Rise

Stories (Total): 1

Building Area Units: Square Feet

Window Features: Screens

Lead Paint: Unknown

Pool Features: Association, In Ground

Lot Size Units: Acres

Zoning: Condo

Water Source: Public

Financial Details

Tax Assessed Value: $238,700

Tax Annual Amount: $2,798

Utilities Details

Utilities: for Electric Range

Cooling Type: Central Air, Unit Control, Fan Coil

Heating Type: Central, Unit Control, Fan Coil

Sewer : Public Sewer

Location Details

HOA/Condo/Coop Fee Includes: Heat, Gas, Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds

HOA/Condo/Coop Amenities: Hot Water, Pool, Laundry, Elevator(s), Storage

Association Fee Frequency: Monthly

HOA Fee: $201

Community Features: Shopping, Pool, Highway Access

Pets Allowed: Yes w/ Restrictions

Complex is Completed

Management: Professional - Off Site, Owner Association

Request mortgage information redaction

Comparables

Past Sales

Date	Unit	Beds	Baths	Sqft	Price	Closed	Listed By
20260303 Unit 43 03/03/2026	43	Studio	1 Bath	468 ft²	$269,000 Studio 1 Bath 468 ft²	$269,000 04/16/2026	Kathy Devine ERA Key Realty Services
20250603 Unit 18 06/03/2025	18	1 Bed	1 Bath	820 ft²	$399,900 1 Bed 1 Bath 820 ft²	- -	Kathy Devine ERA Key Realty Services
20250910 Unit 67 09/10/2025	67	2 Bed	2 Bath	1073 ft²	$469,900 2 Bed 2 Bath 1073 ft²	$455,000 -3.17% 10/20/2025	The Optimium Team eXp Realty LLC - Corporate Office
20250613 Unit 68 06/13/2025	68	2 Bed	2 Bath	1074 ft²	$469,000 2 Bed 2 Bath 1074 ft²	$460,000 -1.92% 08/14/2025	Kathy Devine ERA Key Realty Services
20250315 Unit 47 03/15/2025	47	2 Bed	2 Bath	1076 ft²	$449,900 2 Bed 2 Bath 1076 ft²	$430,000 -4.42% 05/02/2025	Chrisanne Connolly Wilson Wolfe Real Estate
20241120 Unit 34 11/20/2024	34	1 Bed	1 Bath	816 ft²	$359,900 1 Bed 1 Bath 816 ft²	$385,000 +6.97% 12/18/2024	The Optimium Team eXp Realty LLC - Corporate Office
20241024 Unit 63 10/24/2024	63	Studio	1 Bath	467 ft²	$259,900 Studio 1 Bath 467 ft²	$250,000 -3.81% 12/12/2024	Rick Nazzaro Colonial Manor Realty
20240630 Unit 36 06/30/2024	36	2 Bed	2 Bath	1087 ft²	$459,900 2 Bed 2 Bath 1087 ft²	$440,000 -4.33% 08/23/2024	Kathy Devine ERA Key Realty Services
20220912 Unit 21 09/12/2022	21	2 Bed	2 Bath	1098 ft²	$389,900 2 Bed 2 Bath 1098 ft²	$420,000 +7.72% 11/02/2022	Team Ladner RE/MAX Harmony
20220304 Unit 67 03/04/2022	67	2 Bed	2 Bath	1073 ft²	$389,900 2 Bed 2 Bath 1073 ft²	$385,000 -1.26% 05/31/2022	Kathy Devine ERA Key Realty Services
20220216 Unit 59 02/16/2022	59	2 Bed	2 Bath	1116 ft²	$389,900 2 Bed 2 Bath 1116 ft²	$380,000 -2.54% 04/29/2022	Cindi Lee Mctiernan Coldwell Banker Realty - Milton
20210922 Unit 49 09/22/2021	49	2 Bed	2 Bath	1116 ft²	$369,000 2 Bed 2 Bath 1116 ft²	$400,000 +8.40% 11/12/2021	Louise Touchette Coldwell Banker Realty - Lynnfield
20210317 Unit 34 03/17/2021	34	1 Bed	1 Bath	816 ft²	$272,500 1 Bed 1 Bath 816 ft²	$275,000 +0.92% 05/06/2021	Kathy Devine ERA Key Realty Services
20200131 Unit 27 01/31/2020	27	2 Bed	2 Bath	1051 ft²	$335,000 2 Bed 2 Bath 1051 ft²	$325,000 -2.99% 04/01/2020	Kathy Devine ERA Key Realty Services
20200130 Unit 69 01/30/2020	69	2 Bed	2 Bath	1116 ft²	$359,900 2 Bed 2 Bath 1116 ft²	$359,900 05/04/2020	Mary Ann Quinn Group Wilson Wolfe Real Estate
20190805 Unit 51 08/05/2019	51	2 Bed	2 Bath	1119 ft²	$350,000 2 Bed 2 Bath 1119 ft²	$347,000 -0.86% 09/26/2019	Kathy Devine ERA Key Realty Services
20190126 Unit 65 01/26/2019	65	2 Bed	2 Bath	1118 ft²	$349,900 2 Bed 2 Bath 1118 ft²	$365,000 +4.32% 03/29/2019	Patricia DeWolfe Leading Edge Real Estate
20180910 Unit 18 09/10/2018	18	1 Bed	1 Bath	820 ft²	$285,000 1 Bed 1 Bath 820 ft²	$285,000 10/19/2018	Rita Mooney J. Mulkerin Realty
20180607 Unit 24 06/07/2018	24	1 Bed	1 Bath	818 ft²	$257,900 1 Bed 1 Bath 818 ft²	$257,900 07/30/2018	Aki Taheri Coco, Early & Associates The Andovers
20171102 Unit 33 11/02/2017	33	1 Bed	1 Bath	456 ft²	$199,900 1 Bed 1 Bath 456 ft²	$190,000 -4.95% 12/08/2017	Kathy Devine ERA Key Realty Services
20170825 Unit 51 08/25/2017	51	2 Bed	2 Bath	1119 ft²	$329,000 2 Bed 2 Bath 1119 ft²	$325,000 -1.22% 10/25/2017	Kathy Devine ERA Key Realty Services
20170203 Unit 59 02/03/2017	59	2 Bed	2 Bath	1116 ft²	$332,000 2 Bed 2 Bath 1116 ft²	$339,000 +2.11% 04/05/2017	Kathy Devine ERA Key Realty Services
20170121 Unit 24 01/21/2017	24	1 Bed	1 Bath	818 ft²	$210,000 1 Bed 1 Bath 818 ft²	$210,000 03/09/2017	Patricia Black Premier Realty Group, Inc.
20170114 Unit 49 01/14/2017	49	2 Bed	2 Bath	1122 ft²	$325,000 2 Bed 2 Bath 1122 ft²	$320,000 -1.54% 03/10/2017	Kathy Devine ERA Key Realty Services
20161114 Unit 52 11/14/2016	52	1 Bed	1 Bath	833 ft²	$215,900 1 Bed 1 Bath 833 ft²	$225,000 +4.21% 01/17/2017	Lisa Dean EXIT Realty Beatrice Associates
20161102 Unit 65 11/02/2016	65	2 Bed	2 Bath	1118 ft²	$250,000 2 Bed 2 Bath 1118 ft²	$250,000 01/27/2017	Kathy Devine ERA Key Realty Services
20151103 Unit 44 11/03/2015	44	1 Bed	1 Bath	834 ft²	$200,000 1 Bed 1 Bath 834 ft²	$195,000 -2.50% 01/15/2016	Kathy Devine ERA Key Realty Services
20150722 Unit 257 07/22/2015	257	2 Bed	2 Bath	1068 ft²	$269,000 2 Bed 2 Bath 1068 ft²	$274,000 +1.86% 09/11/2015	Don Coughlin Leading Edge Real Estate
20140611 Unit 26 06/11/2014	26	2 Bed	2 Bath	1093 ft²	$274,900 2 Bed 2 Bath 1093 ft²	$269,000 -2.15% 08/27/2014	Paul Costa HomeSmart Professionals Real Estate
20140401 Unit 11 04/01/2014	11	2 Bed	2 Bath	1074 ft²	$269,000 2 Bed 2 Bath 1074 ft²	$263,000 -2.23% 04/18/2014	subash Bansal MNG Realty
20140104 Unit 68 01/04/2014	68	2 Bed	2 Bath	1074 ft²	$250,000 2 Bed 2 Bath 1074 ft²	$225,000 -10.00% 03/28/2014	Kathy Devine ERA Key Realty Services
20131110 Unit 62 11/10/2013	62	1 Bed	1 Bath	833 ft²	$195,000 1 Bed 1 Bath 833 ft²	$175,000 -10.26% 02/03/2014	Roberta Oeser Charron Real Estate & Assoc.
20130512 Unit 18 05/12/2013	18	1 Bed	1 Bath	820 ft²	$189,000 1 Bed 1 Bath 820 ft²	$182,000 -3.70% 11/13/2013	Kathy Devine ERA Key Realty Services
20120808 Unit 67 08/08/2012	67	2 Bed	2 Bath	1073 ft²	$240,000 2 Bed 2 Bath 1073 ft²	$240,000 09/28/2012	Kathy Devine ERA Key Realty Services
20120725 Unit 28 07/25/2012	28	2 Bed	2 Bath	1077 ft²	$210,000 2 Bed 2 Bath 1077 ft²	$205,000 -2.38% 05/13/2013	Kathy Devine ERA Key Realty Services
20120620 Unit 58 06/20/2012	58	2 Bed	2 Bath	1077 ft²	$215,000 2 Bed 2 Bath 1077 ft²	$215,000 09/28/2012	Kathy Devine ERA Key Realty Services
20120527 Unit 26 05/27/2012	26	2 Bed	2 Bath	1093 ft²	$245,000 2 Bed 2 Bath 1093 ft²	$237,000 -3.27% 12/17/2012	Kathy Devine ERA Key Realty Services
20120409 Unit 38 04/09/2012	38	2 Bed	2 Bath	1100 ft²	$219,000 2 Bed 2 Bath 1100 ft²	$211,500 -3.42% 06/28/2012	Michael Rauseo Coldwell Banker Realty - Winchester
20110606 Unit 56 06/06/2011	56	2 Bed	2 Bath	1112 ft²	$223,000 2 Bed 2 Bath 1112 ft²	$210,000 -5.83% 12/02/2011	Kathy Devine ERA Key Realty Services
20110601 Unit 49 06/01/2011	49	2 Bed	2 Bath	1122 ft²	$257,000 2 Bed 2 Bath 1122 ft²	$250,000 -2.72% 07/11/2011	Elizabeth Stakem Leading Edge Real Estate
20110126 Unit 41 01/26/2011	41	2 Bed	2 Bath	1134 ft²	$225,000 2 Bed 2 Bath 1134 ft²	$207,558 -7.75% 04/29/2011	Kathy Devine ERA Key Realty Services
20100420 Unit 49 04/20/2010	49	2 Bed	2 Bath	1122 ft²	$259,900 2 Bed 2 Bath 1122 ft²	- -	Elizabeth Stakem Leading Edge Real Estate
20100411 Unit 37 04/11/2010	37	2 Bed	2 Bath	1052 ft²	$214,900 2 Bed 2 Bath 1052 ft²	$212,000 -1.35% 05/14/2010	Kathy Devine ERA Key Realty Services
20100409 Unit 21 04/09/2010	21	2 Bed	2 Bath	1100 ft²	$265,000 2 Bed 2 Bath 1100 ft²	- -	Patricia Geoffroy Coldwell Banker Residential Brokerage - Concord
20100109 Unit 34 01/09/2010	34	1 Bed	1 Bath	816 ft²	$189,900 1 Bed 1 Bath 816 ft²	$180,000 -5.21% 05/26/2010	Kathy Devine ERA Key Realty Services
20091110 Unit 19 11/10/2009	19	2 Bed	2 Bath	1096 ft²	$209,900 2 Bed 2 Bath 1096 ft²	$200,000 -4.72% 01/29/2010	Sumi Sinnatamby Berkshire Hathaway HomeServices Commonwealth Real Estate
20080307 Unit 32 03/07/2008	32	1 Bed	1 Bath	817 ft²	$185,900 1 Bed 1 Bath 817 ft²	$177,500 -4.52% 06/16/2008	Andrew Sheppard Boardwalk Real Estate
20060301 Unit 49 03/01/2006	49	2 Bed	2 Bath	1122 ft²	$279,900 2 Bed 2 Bath 1122 ft²	$273,000 -2.47% 03/29/2006	Kathy Devine ERA Key Realty Services
20060222 Unit 34 02/22/2006	34	1 Bed	1 Bath	816 ft²	$224,000 1 Bed 1 Bath 816 ft²	$222,000 -0.89% 03/29/2006	Mark Stakem Leading Edge Real Estate
20060112 Unit 11 01/12/2006	11	2 Bed	2 Bath	1100 ft²	$279,900 2 Bed 2 Bath 1100 ft²	$266,900 -4.64% 03/31/2006	Joyce Kiley Boardwalk Real Estate
20050404 Unit 59 04/04/2005	59	2 Bed	2 Bath	1124 ft²	$289,900 2 Bed 2 Bath 1124 ft²	$272,500 -6.00% 06/10/2005	Kathy Devine ERA Key Realty Services
20050216 Unit 222 02/16/2005	222	1 Bed	1 Bath	816 ft²	$225,900 1 Bed 1 Bath 816 ft²	$228,600 +1.20% 03/30/2005	Shawntel Remy Century 21 Ipswich Bay Assoc.
20050203 Unit 61 02/03/2005	61	2 Bed	2 Bath	1124 ft²	$289,900 2 Bed 2 Bath 1124 ft²	$285,000 -1.69% 04/18/2005	Beverly Morrisroe Coldwell Banker Residential Brokerage - Tewksbury
20040706 Unit 342 07/06/2004	342	1 Bed	1 Bath	816 ft²	$232,900 1 Bed 1 Bath 816 ft²	$230,000 -1.25% 08/27/2004	Eileen Hamblin Leading Edge Real Estate
20040605 Unit 18 06/05/2004	18	1 Bed	1 Bath	820 ft²	$229,900 1 Bed 1 Bath 820 ft²	$225,000 -2.13% 07/23/2004	Joyce Kiley Boardwalk Real Estate
20040316 Unit 2 03/16/2004	2	2 Bed	2 Bath	1096 ft²	$279,900 2 Bed 2 Bath 1096 ft²	$279,900 06/09/2004	Jan Triglione Re/max Top Achievers, Inc.
20040202 Unit 2332 02/02/2004	2332	1 Bed	1 Bath	456 ft²	$144,900 1 Bed 1 Bath 456 ft²	$155,000 +6.97% 03/10/2004	Diane Giglio Colonial Manor Realty
20031021 Unit 26 10/21/2003	26	2 Bed	2 Bath	1093 ft²	$244,900 2 Bed 2 Bath 1093 ft²	$235,000 -4.04% 02/02/2004	Ann Mulkerin J. Mulkerin Realty
20030609 Unit 342 06/09/2003	342	1 Bed	1 Bath	816 ft²	$189,900 1 Bed 1 Bath 816 ft²	$190,500 +0.32% 08/18/2003	Janet Gilbert - Moebius Boardwalk Real Estate
20021007 Unit 582 10/07/2002	582	2 Bed	2 Bath	1077 ft²	$249,900 2 Bed 2 Bath 1077 ft²	$245,000 -1.96% 01/21/2003	Debra Shontz-Stackpole Boardwalk Real Estate
20021001 Unit 39 10/01/2002	39	2 Bed	2 Bath	1096 ft²	$249,900 2 Bed 2 Bath 1096 ft²	$240,000 -3.96% 11/22/2002	Joyce Kiley Boardwalk Real Estate
20020129 Unit 442 01/29/2002	442	1 Bed	1 Bath	834 ft²	$179,900 1 Bed 1 Bath 834 ft²	$173,000 -3.84% 03/15/2002	Mary Ann Quinn William Raveis R.E. & Home Services
20011019 Unit 233 10/19/2001	233	Studio	1 Bath	456 ft²	$122,900 Studio 1 Bath 456 ft²	$116,000 -5.61% 01/02/2002	Joyce Kiley Boardwalk Real Estate
20010918 Unit 18 09/18/2001	18	1 Bed	1 Bath	820 ft²	$149,900 1 Bed 1 Bath 820 ft²	$145,000 -3.27% 11/20/2001	Joyce Kiley Boardwalk Real Estate
19990603 Unit 2 06/03/1999	2	2 Bed	2 Bath	1089 ft²	$149,900 2 Bed 2 Bath 1089 ft²	$150,000 +0.07% 07/29/1999	Joyce Kiley Boardwalk Real Estate
19980313 Unit 61 03/13/1998	61	2 Bed	2 Bath	1124 ft²	$149,900 2 Bed 2 Bath 1124 ft²	$148,700 -0.80% 05/01/1998	Joyce Kiley Boardwalk Real Estate
19960822 Unit 34 08/22/1996	34	1 Bed	1 Bath	816 ft²	$87,900 1 Bed 1 Bath 816 ft²	$87,000 -1.02% 11/01/1996	Joyce Kiley Boardwalk Real Estate
19960617 Unit 662 06/17/1996	662	2 Bed	2 Bath	1116 ft²	$108,500 2 Bed 2 Bath 1116 ft²	$105,000 -3.23% 09/06/1996	Lawrence Ebbs Dewolfe New England- Reading
19960522 Unit 52 05/22/1996	52	1 Bed	1 Bath	833 ft²	$84,900 1 Bed 1 Bath 833 ft²	$84,500 -0.47% 06/27/1996	Joyce Kiley Boardwalk Real Estate
19960205 Unit 68 02/05/1996	68	2 Bed	2 Bath	1071 ft²	$114,900 2 Bed 2 Bath 1071 ft²	$110,000 -4.26% 04/26/1996	Joyce Kiley Boardwalk Real Estate
19940921 Unit 261 09/21/1994	261	2 Bed	2 Bath	1100 ft²	$99,900 2 Bed 2 Bath 1100 ft²	$85,000 -14.91% 01/25/1995	Joyce Kiley Boardwalk Real Estate

Building Info

2 Summit Drive 2 Summit Drive, Reading, MA 01867

1 Unit for Sale

More about this Building

Want to find out who owns 2 Summit Drive, Reading, MA 01867? Get detailed property transactions here.

About Reading

Stats & Trends

Median Asking:

$865,000

Sale Price/ft²

$456

Below Asking

0.01%

Average Days on Market

Average Home Size

2135 ft²

Average Home Age

57.1 years

Currently For Sale

35 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Nearby Rentals

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,870 /mo

1 Bed
1 Bath
792 ft²

200 Quannapowitt Parkway #A14, Wakefield, MA, 01880 Listing by Equity Residential

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Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73305855