$545,000
●
Condo -
Off Market
604 Gazebo Circle #604
Reading, MA 01867
2 Beds
2 Baths,
1
Half Bath
1,038 Ft²
$3,371
Est. Monthly
$351
HOA / Fees
4.44%
Cap Rate
About This Property
Discover the epitome of comfort & convenience in this townhome
located in sought after Summit Village. This beautifully maintained
townhome offers a stress free living experience. Step into a warm &
inviting living space, great for hanging out or hosting friends.
Let the sunshine & fresh air in through your slider to the Juliet
balcony. The kitchen boasts modern amenities where you can meal
prep & channel your inner chef. Head upstairs to discover 2
generously sized bedrooms, bathed in natural light. The main
bedroom features a walk in closet w access to the full bath; the
2nd bedroom has great closet space and is positioned across the
hall from the full bath. The attached garage has direct access to
the unit & additional storage space. The complex is located close
to shopping, restaurants, the YMCA, Rtes 95 & 93, the Reading &
Wakefield commuter rails, Lake Quannapowitt, Woburn Village & much
more. Come experience all Reading has to offer! Offers due Wed 5/1
@ noon.
Unit Size
1,038 Ft²
Days on Market
-
Land Size
-
Price per sqft
$506
Property Type
Condo
Property Taxes
$441
HOA Dues
$351
Year Built
1996
Payment Calculator
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Cap Rate Calculator
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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: 3 years ago (MLSPIN #73228637)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 6, 2024 | Sold | ||
| Sold | |||
| Apr 25, 2024 | Listed by Leading Edge Real Estate | $525,000 | |
| Listed by Leading Edge Real Estate | |||
| Sep 3, 2020 | Sold | ||
| Sold | |||
| Jul 9, 2020 | Listed by Leading Edge Real Estate | $399,900 | |
| Listed by Leading Edge Real Estate | |||
| | |||
|
Don't miss the opportunity to own this sunny 2 bedroom condo in Summit Village! The open concept main floor has a living room, dining room and kitchen. Relax by the wood burning fireplace while entertaining your guests! The kitchen has been updated with granite counter tops and freshly painted cabinets, and has stainless appliances. The main level half bath was completely renovated in 2019. Upstairs there are 2 bedrooms, in unit laundry, and a full bath. Hardwood flooring throughout! Freshly painted interior! Central A/C! 1 car garage (with unit access!) Newer hot water tank (2018.) This complex is close to major highways (95/93), the Reading commuter rail and Reading town center. Nothing to do but move in and enjoy!
| |||
| Sep 2, 2015 | Sold | ||
| Sold | |||
Show More
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Interior Details
Level: Main, Second
Width: 10
Length: 13
Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid, Stainless Steel Appliances
Area: 130
Level: Third
Area: 70
Width: 5
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile
Length: 14
Area: 21
Features: Bathroom - Half
Length: 7
Level: Second
Width: 3
Level: Third
Features: Closet, Flooring - Hardwood
Width: 14
Length: 12
Area: 168
Width: 10
Features: Flooring - Hardwood, Slider
Length: 9
Level: Main, Second
Area: 90
Length: 15
Level: Main, Second
Area: 150
Features: Flooring - Hardwood
Width: 10
Features: Walk-In Closet(s), Flooring - Hardwood
Level: Third
Length: 12
Width: 19
Area: 228
Features: No
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Entry Hall, Internet Available - Broadband
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Tile, Carpet, Hardwood
Laundry Features: Electric Dryer Hookup, Washer Hookup, Third Floor, In Unit
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Under, Garage Door Opener, Off Street, Deeded, Paved
Garage Spaces: 1
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Summit Village
Structure Type: Townhouse
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: RES
Parcel Number: M:008.007680087.0, 730716
Water Source: Public
Financial Details
Tax Assessed Value: $420,500
Tax Annual Amount: $5,294
Utilities Details
Utilities: for Electric Range, for Electric Dryer, Washer Hookup
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash
Association Fee Frequency: Monthly
HOA Fee: $351
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - Off 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 |
|---|---|---|---|---|---|---|---|
|
04/25/2024
|
2 Bed
|
2 Bath
|
1038 ft²
|
$525,000
2 Bed
2 Bath
1038 ft²
|
$545,000
+3.81%
06/06/2024
|
Kristen Donoghue
RE/MAX Bentley's
| |
|
07/09/2020
|
2 Bed
|
2 Bath
|
1038 ft²
|
$399,900
2 Bed
2 Bath
1038 ft²
|
$397,000
-0.73%
09/03/2020
|
Lauren O'Brien
Wilson Wolfe Real Estate
| |
|
07/09/2015
|
2 Bed
|
2 Bath
|
1038 ft²
|
$319,900
2 Bed
2 Bath
1038 ft²
|
$315,000
-1.53%
09/02/2015
|
Gail Luchini
Keller Williams - Greater Newburyport
| |
|
06/26/2013
|
2 Bed
|
2 Bath
|
1038 ft²
|
$285,900
2 Bed
2 Bath
1038 ft²
|
$285,000
-0.31%
08/30/2013
|
Lauretta Raffi
Premier Realty Group, Inc.
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017