$588,000
●
Condo -
Off Market
613 Gazebo Circle #613
Reading, MA 01867
2 Beds
2 Baths
1,197 Ft²
$3,771
Est. Monthly
$413
HOA / Fees
4.35%
Cap Rate
About This Property
A RARE condominium opportunity at Gazebo Circle with all one floor
living and no stairs! Location is an end corner unit! This 2 bdrm,
2 full bath, home has it all. Open Floor Plan, Fireplace, Central
A/C, separate Laundry Room, Private Balcony overlooking wooded
conservation land, Oversize Garage with direct unit access &
Storage. Upgraded features include New Central A/C, all upgraded
windows & slider, New Rinnai Tankless Heating and Hot Water System,
KraftMaid solid Maple Cabinets & Granite countertops and upgraded
flooring. Summit Village is a highly desirable complex situated in
a quiet residential neighborhood conveniently located close by
shopping, restaurants, Reading & Wakefield commuter rails, Major
Routes 95 & 93, Lake Quannapowitt, and Bear Hill Country Club &
Golf Course. Move right in and make living so easy and enjoyable!
Unit Size
1,197 Ft²
Days on Market
-
Land Size
-
Price per sqft
$489
Property Type
Condo
Property Taxes
$485
HOA Dues
$413
Year Built
1996
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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: 12 months ago (MLSPIN #73429198)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 24, 2025 | Sold | ||
| Sold | |||
| Sep 18, 2025 | In contract | - | |
| In contract | |||
| Sep 10, 2025 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $585,000 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
| Dec 18, 2010 | Sold | ||
| Sold | |||
| Aug 16, 2010 | Listed by Coldwell Banker Realty - Winchester | $285,000 | |
| Listed by Coldwell Banker Realty - Winchester | |||
| | |||
|
Spacious one floor corner unit at Summit Village. This unit is located in the very back of the complex overlooking conservation land. Drive right into your own private garage that enters into the unit. Price reflects updates needed. Being sold in "as is" condition.
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Garage Door Opener, Storage, Deeded, Off Street, Paved
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Door Features: Storm Door(s)
Laundry Features: Electric Dryer Hookup, Washer Hookup, In Unit, First Floor
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Exterior Details
Has Property Attached
Square Footage: 1197
Year Built Source: Public Records
Year Built: 1996
Waterfront Features: Lake/Pond, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Building Name: Summit Village
Building Area Total: 1197
Other Structures: Gazebo
Building Area Units: Square Feet
Window Features: Insulated Windows
Pool is Private
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $510,500
Tax Annual Amount: $5,815
Utilities Details
Cooling Type: Central Air, Unit Control
Heating Type: Central, Natural Gas, Unit Control, Hydro Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Road Maintenance, Reserve Funds
HOA Fee: $413
HOA Fee Frequency: Monthly
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 |
|---|---|---|---|---|---|---|---|
|
09/10/2025
|
2 Bed
|
2 Bath
|
1197 ft²
|
$585,000
2 Bed
2 Bath
1197 ft²
|
$588,000
+0.51%
10/24/2025
|
Gayle Faller
Coldwell Banker Realty - Winchester
| |
|
08/16/2010
|
2 Bed
|
2 Bath
|
1197 ft²
|
$285,000
2 Bed
2 Bath
1197 ft²
|
$270,000
-5.26%
12/18/2010
|
Mary Anastos
Advancian Realty Inc
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017