Active
3 Days on market
4 Summit Dr #001 Reading — Photo 1 of 42

4 Summit Dr #001 Reading — Photo 1 of 42

$459,900

Investment Analysis — 4 Summit Dr #001

Reading, MA 01867

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01867 carries an estimated $2,620/mo in gross rent — about a 2.37% cap rate and $10,895/yr in estimated NOI at the $459,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,040

Style

Condominium

Built

1985

Downsizing or looking to move into one of the area’s most sought after zip codes? This 2bed/2ba corner unit is a peaceful retreat just minutes to major routes and vibrant downtown Reading. The living/dining room overlooks nature views from large windows and leads to a secluded balcony that will be your favorite spot for coffee or unwinding at the end of the day. The kitchen is just off the dining area and has its own large window that brings in even more natural light. The thoughtfully designed primary suite is tucked away in its own wing, complete with a full bath, double closet, and standard closet. A generously sized second bedroom is located near the guest bath and convenient in-unit laundry. Bonus features: one deeded garage parking space, plenty of in unit storage, and additional storage unit is located directly across the hall. Move right in, settle in, and enjoy!

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$459,900
Annual Taxes$4,767
HOA Fee$686

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms4
FireplacesNone
FlooringWood Laminate
BasementN

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick, Stone
RoofRubber
Foundation--
ZoningA

Property & Lot

Acres0.8
SqFt Lot34,682
Lot Features--

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Golf • Medical Facility • Conservation Area • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Main
Living RoomKitchen
Unknown
Primary BedroomBedroom 2Bathroom 1Bathroom 2
Living Room
Lvl Main

20 x 15

Ceiling Fan(s), Flooring - Laminate, Window(s) - Picture, Balcony / Deck, Balcony - Exterior, Open Floorplan

Kitchen
Lvl Main

11 x 7

Flooring - Laminate, Stainless Steel Appliances, Lighting - Overhead

Primary Bedroom
Lvl null

13 x 13

Bathroom - Full, Closet, Flooring - Laminate, Window(s) - Picture, Closet - Double

Bedroom 2
Lvl null

14 x 13

Bathroom 1
Lvl null

8 x 5

Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Enclosed Shower - Fiberglass, Lighting - Sconce

Bathroom 2
Lvl null

8 x 5

Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Lighting - Sconce

Listing Provided By

Listing Agent: David Ladner

Listing Office: RE/MAX Harmony

MLS® Number: 73580969