$342,500
●
Condo -
Off Market
3 Summit Drive #69
Reading, MA 01867
2 Beds
2 Baths
1,108 Ft²
$533,790
RealtyHop Estimate
54.72%
Since Feb 1, 2018
MA-Boston
Primary Model
About This Property
Immaculate, well maintained unit in much desired Summit Towers.
Enjoy breathtaking views from this 2-BR/2-BA Corner Penthouse level
unit in professionally managed building. Entertain with ease from
your cabinet packed kitchen that leads to a sun filled front to
back dining/ living room featuring sliders to your own private
balcony. Down the hall you'll find a second bedroom with over sized
closet, an updated full bath, and a master bedroom with its own
private bath and large walk-in closet. This tree top unit is
nestled in a handy, easy commute location, near downtown with its
beautiful restaurants and shops, the commuter rail and all major
travel routes. Don't miss the opportunity to live in this great
community !!!
Unit Size
1,108 Ft²
Days on Market
-
Land Size
-
Price per sqft
$311
Property Type
Condo
Property Taxes
$298
HOA Dues
$389
Year Built
-
Payment Calculator
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Cap Rate Calculator
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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 years ago (MLSPIN #72263133)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 25, 2018 | Sold | ||
| Sold | |||
| Dec 11, 2017 | Listed by RE/MAX Andrew Realty Services | $345,000 | |
| Listed by RE/MAX Andrew Realty Services | |||
| Mar 7, 2016 | Sold | ||
| Sold | |||
| Dec 1, 2015 | Listed by RE/MAX Innovative Properties - Nashua | $279,900 | |
| Listed by RE/MAX Innovative Properties - Nashua | |||
| | |||
|
Enjoy the BEST views in the building from this spacious top floor corner unit. This home features an expanded kitchen with extra cabinets, under mount lighting,pantry closet and breakfast bar. You will love entertaining in the open concept dining/living area with triple wide sliders allowing access to an over sized balcony with beautiful views of Reading and Wakefield. The master bedroom can accommodate a king bed, has a large walk-in closet with built in storage and a full bath. A second bedroom with over sized closet and updated full bath complete this unit. Owners have ordered the new heating coils, that will be installed before closing. The lower level has private storage and laundry facilities. Summit Towers is located with in easy access to all major highways, town, train and all of the areas great amenities. Don't miss the opportunity to live in this great community call for a showing today.
| |||
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: First
Width: 11
Length: 15
Features: Flooring - Stone/Ceramic Tile
Area: 165
Level: First
Features: Closet, Flooring - Wood
Width: 10
Length: 12
Area: 120
Width: 12
Features: Flooring - Wood, Open Floorplan
Length: 12
Level: First
Area: 144
Length: 19
Level: First
Area: 266
Features: Flooring - Wood, Balcony / Deck, Open Floorplan
Width: 14
Features: Bathroom - Full, Walk-In Closet(s), Flooring - Wood
Level: First
Length: 16
Width: 12
Area: 192
Features: Yes
Full Bathrooms: 2
Appliances: Range, Dishwasher, Microwave, Refrigerator, Gas Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven
Flooring Type: Wood, Tile
Laundry Features: Common Area, In Building
Rooms: 5
Basement: N
Parking Details
Parking Features: Off Street
Exterior Details
Entry Level: 6
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Brick
Lead Paint: Unknown
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: condo
Water Source: Public
Financial Details
Tax Assessed Value: $254,800
Tax Annual Amount: $3,575
Utilities Details
Utilities: for Electric Range, for Electric Oven
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Hot Water, Pool, Laundry, Elevator(s), Storage
Association Fee Frequency: Monthly
HOA Fee: $389
Community Features: Public Transportation, Shopping, Golf, Highway Access, House of Worship, Public School, T-Station
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - On Site
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 |
|---|---|---|---|---|---|---|---|
|
04/23/2025
|
1 Bed
|
1 Bath
|
800 ft²
|
$409,900
1 Bed
1 Bath
800 ft²
|
$420,000
+2.46%
05/28/2025
|
The New Home Collective Group
Boston Connect Real Estate
| |
|
01/24/2024
|
2 Bed
|
2 Bath
|
1095 ft²
|
$423,500
2 Bed
2 Bath
1095 ft²
|
$460,000
+8.62%
02/29/2024
|
Matthew Basteri
Flow Realty, Inc.
| |
|
01/11/2024
|
1 Bed
|
1 Bath
|
788 ft²
|
$357,900
1 Bed
1 Bath
788 ft²
|
$370,000
+3.38%
02/13/2024
|
John Laffy
LAER Realty Partners
| |
|
11/29/2023
|
2 Bed
|
2 Bath
|
1095 ft²
|
$379,900
2 Bed
2 Bath
1095 ft²
|
$375,000
-1.29%
01/05/2024
|
Karen Dame
Century 21 North East
| |
|
10/06/2023
|
2 Bed
|
2 Bath
|
1086 ft²
|
$399,900
2 Bed
2 Bath
1086 ft²
|
$430,000
+7.53%
11/09/2023
|
Stephen Conroy
The Thomson Companies
| |
|
09/21/2023
|
1 Bed
|
1 Bath
|
785 ft²
|
$360,000
1 Bed
1 Bath
785 ft²
|
$360,000
11/06/2023
|
Kathy Devine
ERA Key Realty Services
| |
|
08/07/2023
|
1 Bed
|
1 Bath
|
782 ft²
|
$350,000
1 Bed
1 Bath
782 ft²
|
$367,500
+5.00%
09/21/2023
|
Kathy Devine
ERA Key Realty Services
| |
|
09/19/2022
|
1 Bed
|
1 Bath
|
786 ft²
|
$299,900
1 Bed
1 Bath
786 ft²
|
$315,000
+5.04%
10/24/2022
|
Bobbie Botticelli
Colonial Manor Realty
| |
|
03/16/2022
|
2 Bed
|
2 Bath
|
1105 ft²
|
$379,900
2 Bed
2 Bath
1105 ft²
|
$397,500
+4.63%
05/19/2022
|
Tempel Realty Group
Gibson Sotheby's International Realty
| |
|
08/25/2021
|
1 Bed
|
1 Bath
|
795 ft²
|
$299,900
1 Bed
1 Bath
795 ft²
|
$350,000
+16.71%
10/06/2021
|
Steven Mortell
RE/MAX Andrew Realty Services
| |
|
06/20/2021
|
1 Bed
|
1 Bath
|
797 ft²
|
$299,900
1 Bed
1 Bath
797 ft²
|
$345,000
+15.04%
09/09/2021
|
The Deborah Lucci Team
William Raveis R.E. & Home Services
| |
|
09/24/2020
|
2 Bed
|
2 Bath
|
1086 ft²
|
$369,900
2 Bed
2 Bath
1086 ft²
|
$371,900
+0.54%
11/23/2020
|
Jan - Eileen Team
Keller Williams Realty Evolution
| |
|
07/09/2020
|
2 Bed
|
2 Bath
|
1113 ft²
|
$325,000
2 Bed
2 Bath
1113 ft²
|
$330,000
+1.54%
09/11/2020
|
June Sparks
Advisors Living - Andover
| |
|
03/08/2020
|
2 Bed
|
2 Bath
|
1095 ft²
|
$365,000
2 Bed
2 Bath
1095 ft²
|
$360,000
-1.37%
04/21/2020
|
Lorraine Gately
Compass
| |
|
03/05/2020
|
2 Bed
|
2 Bath
|
1093 ft²
|
$350,000
2 Bed
2 Bath
1093 ft²
|
$350,000
04/24/2020
|
Barbara Coppinger
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
07/25/2019
|
1 Bed
|
1 Bath
|
806 ft²
|
$250,000
1 Bed
1 Bath
806 ft²
|
$250,000
09/13/2019
|
The D & Z Group
Keller Williams Realty Evolution
| |
|
06/06/2019
|
1 Bed
|
1 Bath
|
782 ft²
|
$289,000
1 Bed
1 Bath
782 ft²
|
$285,000
-1.38%
07/18/2019
|
Mary Ann Quinn Group
Wilson Wolfe Real Estate
| |
|
12/11/2017
|
2 Bed
|
2 Bath
|
1108 ft²
|
$345,000
2 Bed
2 Bath
1108 ft²
|
$342,500
-0.72%
01/25/2018
|
Kathleen Fitzgerald
RE/MAX Andrew Realty Services
| |
|
06/22/2017
|
1 Bed
|
1 Bath
|
776 ft²
|
$224,900
1 Bed
1 Bath
776 ft²
|
$240,000
+6.71%
07/19/2017
|
Marjorie Falla
Leading Edge Real Estate
| |
|
11/30/2016
|
1 Bed
|
1 Bath
|
776 ft²
|
$209,900
1 Bed
1 Bath
776 ft²
|
$220,000
+4.81%
12/23/2016
|
Christine Ball
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
03/10/2016
|
1 Bed
|
1 Bath
|
782 ft²
|
$220,000
1 Bed
1 Bath
782 ft²
|
$222,000
+0.91%
05/25/2016
|
Kathy Devine
ERA Key Realty Services
| |
|
12/01/2015
|
2 Bed
|
2 Bath
|
1108 ft²
|
$279,900
2 Bed
2 Bath
1108 ft²
|
$270,000
-3.54%
03/07/2016
|
Susan J. Guarino
Advancian Realty Inc
| |
|
11/23/2015
|
2 Bed
|
2 Bath
|
1113 ft²
|
$289,900
2 Bed
2 Bath
1113 ft²
|
$280,000
-3.41%
01/29/2016
|
Rob Mailey
Wilson Wolfe Real Estate
| |
|
09/08/2015
|
1 Bed
|
1 Bath
|
800 ft²
|
$199,900
1 Bed
1 Bath
800 ft²
|
$207,900
+4.00%
11/19/2015
|
Joyce Kiley
Boardwalk Real Estate
| |
|
01/06/2015
|
1 Bed
|
1 Bath
|
801 ft²
|
$219,000
1 Bed
1 Bath
801 ft²
|
$213,000
-2.74%
02/24/2015
|
Lawrence Hemstreet
RE/MAX Prof Associates
| |
|
10/10/2014
|
2 Bed
|
2 Bath
|
1113 ft²
|
$264,000
2 Bed
2 Bath
1113 ft²
|
$275,000
+4.17%
12/19/2014
|
Tammy Arcuri
Tammy L. Arcuri
| |
|
03/26/2014
|
2 Bed
|
2 Bath
|
1100 ft²
|
$245,900
2 Bed
2 Bath
1100 ft²
|
$247,900
+0.81%
05/05/2014
|
Janice Lucas
Voila Residential Brokerage
| |
|
02/21/2014
|
1 Bed
|
1 Bath
|
797 ft²
|
$184,900
1 Bed
1 Bath
797 ft²
|
$184,900
04/16/2014
|
The Optimium Team
eXp Realty LLC - Corporate Office
| |
|
11/30/2013
|
2 Bed
|
2 Bath
|
1086 ft²
|
$249,900
2 Bed
2 Bath
1086 ft²
|
$250,000
+0.04%
01/29/2014
|
Sheila McDougall
Leading Edge Real Estate
| |
|
04/01/2013
|
2 Bed
|
2 Bath
|
1086 ft²
|
$210,000
2 Bed
2 Bath
1086 ft²
|
$205,000
-2.38%
06/28/2013
|
Kathy Devine
ERA Key Realty Services
| |
|
02/18/2013
|
2 Bed
|
2 Bath
|
1100 ft²
|
$219,900
2 Bed
2 Bath
1100 ft²
|
$217,500
-1.09%
04/17/2013
|
Lawson Team
Leading Edge Real Estate
| |
|
01/01/2013
|
1 Bed
|
1 Bath
|
782 ft²
|
$190,000
1 Bed
1 Bath
782 ft²
|
$184,000
-3.16%
05/21/2013
|
Kathy Devine
ERA Key Realty Services
| |
|
10/28/2012
|
2 Bed
|
2 Bath
|
1113 ft²
|
$240,000
2 Bed
2 Bath
1113 ft²
|
$237,000
-1.25%
03/15/2013
|
Kathy Devine
ERA Key Realty Services
| |
|
07/14/2012
|
1 Bed
|
1 Bath
|
785 ft²
|
$140,000
1 Bed
1 Bath
785 ft²
|
$136,000
-2.86%
02/28/2013
|
Kathy Devine
ERA Key Realty Services
| |
|
02/07/2012
|
2 Bed
|
2 Bath
|
1105 ft²
|
$225,000
2 Bed
2 Bath
1105 ft²
|
$210,000
-6.67%
06/01/2012
|
Kathy Devine
ERA Key Realty Services
| |
|
08/05/2011
|
2 Bed
|
2 Bath
|
1090 ft²
|
$239,900
2 Bed
2 Bath
1090 ft²
|
$234,000
-2.46%
09/26/2011
|
Jill T. Jorgenson
ZipRealty, Inc
| |
|
03/01/2011
|
2 Bed
|
2 Bath
|
1090 ft²
|
$249,999
2 Bed
2 Bath
1090 ft²
|
-
-
|
April Viera
Synergy Real Estate
| |
|
05/17/2010
|
1 Bed
|
1 Bath
|
795 ft²
|
$179,999
1 Bed
1 Bath
795 ft²
|
$176,000
-2.22%
08/19/2010
|
Samantha Moynihan
Century 21 North East
| |
|
03/20/2010
|
2 Bed
|
2 Bath
|
1113 ft²
|
$212,000
2 Bed
2 Bath
1113 ft²
|
$210,000
-0.94%
04/30/2010
|
Kathy Devine
ERA Key Realty Services
| |
|
02/09/2010
|
1 Bed
|
1 Bath
|
315 ft²
|
$75,000
1 Bed
1 Bath
315 ft²
|
$75,000
10/04/2010
|
Alison Socha Group
Leading Edge Real Estate
| |
|
02/08/2010
|
2 Bed
|
2 Bath
|
1090 ft²
|
$257,900
2 Bed
2 Bath
1090 ft²
|
-
-
|
April Viera
Synergy Real Estate
| |
|
10/23/2009
|
2 Bed
|
2 Bath
|
1113 ft²
|
$264,000
2 Bed
2 Bath
1113 ft²
|
$255,000
-3.41%
05/06/2010
|
Lynette DeLucia
Leading Edge Real Estate
| |
|
08/04/2009
|
1 Bed
|
1 Bath
|
778 ft²
|
$179,900
1 Bed
1 Bath
778 ft²
|
$160,000
-11.06%
03/05/2010
|
Kathy Devine
ERA Key Realty Services
| |
|
05/31/2009
|
2 Bed
|
2 Bath
|
1095 ft²
|
$218,000
2 Bed
2 Bath
1095 ft²
|
$210,000
-3.67%
07/31/2009
|
Kathy Devine
ERA Key Realty Services
| |
|
03/16/2009
|
1 Bed
|
1 Bath
|
803 ft²
|
$174,000
1 Bed
1 Bath
803 ft²
|
$165,000
-5.17%
10/09/2009
|
Noreen Opidee
Advantage Realty & Rentals
| |
|
10/29/2008
|
1 Bed
|
1 Bath
|
801 ft²
|
$137,900
1 Bed
1 Bath
801 ft²
|
$150,000
+8.77%
10/16/2009
|
Team Zingales
Team Zingales Realty, LLC
| |
|
11/08/2006
|
1 Bed
|
1 Bath
|
776 ft²
|
$184,900
1 Bed
1 Bath
776 ft²
|
$183,000
-1.03%
01/31/2007
|
Sandra Niemszyk
Century 21 North East
| |
|
08/08/2006
|
1 Bed
|
1 Bath
|
801 ft²
|
$189,900
1 Bed
1 Bath
801 ft²
|
$189,000
-0.47%
01/25/2007
|
Michael Barrett
Toohey & Barrett Assist 2 Selll
| |
|
07/29/2006
|
1 Bed
|
1 Bath
|
806 ft²
|
$204,900
1 Bed
1 Bath
806 ft²
|
$202,900
-0.98%
10/31/2006
|
Kathy Devine
ERA Key Realty Services
| |
|
04/17/2006
|
1 Bed
|
1 Bath
|
797 ft²
|
$215,000
1 Bed
1 Bath
797 ft²
|
$210,000
-2.33%
08/16/2006
|
Catherine Johnston
Boardwalk Real Estate
| |
|
08/15/2005
|
2 Bed
|
2 Bath
|
1113 ft²
|
$299,900
2 Bed
2 Bath
1113 ft²
|
$284,000
-5.30%
02/03/2006
|
Kathy Devine
ERA Key Realty Services
| |
|
07/27/2005
|
2 Bed
|
2 Bath
|
1090 ft²
|
$265,000
2 Bed
2 Bath
1090 ft²
|
$258,000
-2.64%
01/03/2006
|
Dorothy Algiers
CENTURY 21 GR Associates
| |
|
06/01/2005
|
1 Bed
|
1 Bath
|
785 ft²
|
$215,900
1 Bed
1 Bath
785 ft²
|
$215,900
10/20/2005
|
Thomas O Connor
Realty Executives of Cape Cod
| |
|
02/22/2005
|
Studio
|
1 Bath
|
315 ft²
|
$129,900
Studio
1 Bath
315 ft²
|
$130,000
+0.08%
05/24/2005
|
Kathy Devine
ERA Key Realty Services
| |
|
01/03/2005
|
1 Bed
|
1 Bath
|
785 ft²
|
$208,000
1 Bed
1 Bath
785 ft²
|
$208,000
04/08/2005
|
Rick Nazzaro
Colonial Manor Realty
| |
|
08/11/2004
|
1 Bed
|
1 Bath
|
798 ft²
|
$220,900
1 Bed
1 Bath
798 ft²
|
$219,000
-0.86%
12/08/2004
|
Michele Deangelo
Colonial Manor Realty
| |
|
06/18/2004
|
2 Bed
|
2 Bath
|
1117 ft²
|
$287,000
2 Bed
2 Bath
1117 ft²
|
$283,500
-1.22%
09/27/2004
|
Pamela Jervey
Carlson GMAC Real Estate
| |
|
04/28/2004
|
2 Bed
|
2 Bath
|
1082 ft²
|
$259,900
2 Bed
2 Bath
1082 ft²
|
$259,900
07/02/2004
|
Lauretta Raffi
Premier Realty Group, Inc.
| |
|
03/01/2004
|
2 Bed
|
2 Bath
|
1090 ft²
|
$249,900
2 Bed
2 Bath
1090 ft²
|
$249,900
05/28/2004
|
Joyce Kiley
Boardwalk Real Estate
| |
|
10/28/2003
|
1 Bed
|
1 Bath
|
798 ft²
|
$194,900
1 Bed
1 Bath
798 ft²
|
$196,000
+0.56%
12/23/2003
|
Bobbie Botticelli
Colonial Manor Realty
| |
|
10/04/2003
|
1 Bed
|
1 Bath
|
775 ft²
|
$199,900
1 Bed
1 Bath
775 ft²
|
$199,900
11/20/2003
|
Stephen Conroy
The Thomson Companies
| |
|
09/26/2003
|
2 Bed
|
2 Bath
|
1105 ft²
|
$270,900
2 Bed
2 Bath
1105 ft²
|
$265,000
-2.18%
01/22/2004
|
Janet Thompson
Barrett, Chris. J., REALTORS®
| |
|
04/05/2003
|
1 Bed
|
1 Bath
|
797 ft²
|
$189,900
1 Bed
1 Bath
797 ft²
|
$180,000
-5.21%
06/30/2003
|
Joyce Kiley
Boardwalk Real Estate
| |
|
04/04/2003
|
1 Bed
|
1 Bath
|
785 ft²
|
$169,900
1 Bed
1 Bath
785 ft²
|
$165,000
-2.88%
06/27/2003
|
Janet Thompson
Barrett, Chris. J., REALTORS®
| |
|
07/18/2002
|
2 Bed
|
2 Bath
|
1108 ft²
|
$259,900
2 Bed
2 Bath
1108 ft²
|
$259,900
09/09/2002
|
Cathy Stygles
Leading Edge Real Estate
| |
|
01/15/2002
|
2 Bed
|
2 Bath
|
1113 ft²
|
$209,900
2 Bed
2 Bath
1113 ft²
|
$208,000
-0.91%
02/28/2002
|
Mary Anastos
Advancian Realty Inc
| |
|
10/19/2001
|
1 Bed
|
1 Bath
|
815 ft²
|
$169,000
1 Bed
1 Bath
815 ft²
|
$156,000
-7.69%
01/23/2002
|
Phyllis Larkin
Phyllis Larkin
| |
|
06/07/1999
|
2 Bed
|
2 Bath
|
-
|
$159,900
2 Bed
2 Bath
|
$159,000
-0.56%
08/30/1999
|
Barbara Lenox
Dagnese & Strout Real Estate
| |
|
04/28/1999
|
1 Bed
|
1 Bath
|
797 ft²
|
$119,900
1 Bed
1 Bath
797 ft²
|
$119,000
-0.75%
06/18/1999
|
Joyce Kiley
Boardwalk Real Estate
| |
|
04/14/1999
|
1 Bed
|
1 Bath
|
797 ft²
|
$119,900
1 Bed
1 Bath
797 ft²
|
$119,900
06/01/1999
|
Regina Murphy
Boardwalk Real Estate
| |
|
03/04/1998
|
1 Bed
|
1 Bath
|
797 ft²
|
$94,500
1 Bed
1 Bath
797 ft²
|
$90,000
-4.76%
06/02/1998
|
Joyce Kiley
Boardwalk Real Estate
| |
|
07/26/1996
|
2 Bed
|
2 Bath
|
1082 ft²
|
$104,900
2 Bed
2 Bath
1082 ft²
|
$100,000
-4.67%
02/25/1997
|
Joyce Kiley
Boardwalk Real Estate
| |
|
06/04/1996
|
2 Bed
|
2 Bath
|
1086 ft²
|
$121,900
2 Bed
2 Bath
1086 ft²
|
$118,000
-3.20%
07/12/1996
|
Joyce Kiley
Boardwalk Real Estate
| |
|
03/20/1996
|
1 Bed
|
1 Bath
|
850 ft²
|
$87,900
1 Bed
1 Bath
850 ft²
|
$81,000
-7.85%
09/26/1996
|
Bobbie Botticelli
Colonial Manor Realty
| |
|
04/30/1995
|
1 Bed
|
1 Bath
|
786 ft²
|
$69,900
1 Bed
1 Bath
786 ft²
|
$69,900
06/28/1995
|
Steven Vavoudes
Coldwell Banker Residential Brokerage - Lynnfield
|
Building Info
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