NOT LISTED FOR SALE

16 Summer St Unit 1 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $547,000 - $597,546

2 Beds
2 Baths
1,030 Sq Ft
7,536 Sq Ft Lot

Last Sold May 12, 2015

Last sale price $325,000 $316 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,492/month

61 Days on Market

About This Home

As of May 2015

Great care has been spent on the development of this special condominium home featuring 2 BRs, 2 full baths including one in the wonderful master suite. The brand new kitchen has granite and stainless with plenty of cabinets and counter space and opens to eating/entertaining spaces. Additionally,this home features wood flooring, great period details, attractive lighting packages and in-unit laundry hookups. The infrastructure of the building has been updated to ensure low maintenance and operating costs - new plumbing, electric, heating, air-conditioning, insulation and more. Just 1 of 4 new units in The Harrison Flint House which sits in the middle of historic downtown Salem - a short walk to the wonderful restaurants, pubs, shops, harborfront, Peabody Essex Museum and so much more. And, just a few minute walk to the train. Created/renovated for the buyer who wants to enjoy a carefree luxury lifestyle and in-town living. See also 71795949,71795950,717949953

Last Agent to Sell the Property

Team Harborside

Sagan Harborside Sotheby's International Realty Listed on: 02/27/2015

Sagan Harborside Sotheby's International Realty

Last Buyer's Agent

Richard Rosa

Buyers Brokers Only, LLC

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,828

Year Built

1850

Lot Details

0

Listing Details

  • Unit Level: 1
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1850

Interior Features

  • Has Basement: Yes
  • Fireplaces: 1
  • Primary Bathroom: Yes
  • Number of Rooms: 5

Garage/Parking

  • Parking: Off-Street, Assigned
  • Parking Spaces: 2

Utilities

  • Cooling Zones: 1
  • Heat Zones: 1
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Snow Removal
  • Pets Allowed: Yes
  • No Units: 4
  • Unit Building: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2015
Closed on
May 12, 2015
Sold by
Renewal Ventures Llc
Bought by
Kamerkar Abhijit V and Zummo Halley
Seller's Agent
Team Harborside
Sagan Harborside Sotheby's International Realty
Buyer's Agent
Richard Rosa
Buyers Brokers Only, LLC
List Price
$324,900
Sold Price
$325,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
$573,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,137
Avg. Annual Appreciation
5.50%
Original Mortgage
$260,000
Outstanding Balance
$200,367
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$372,770
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kamerkar Abhijit V $325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kamerkar Abhijit V $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2015 05/12/15 Sold $325,000 0.0% $316 / Sq Ft
04/29/2015 04/29/15 Pending -- -- --
03/22/2015 03/22/15 Off Market $325,000 -- --
02/27/2015 02/27/15 For Sale $324,900 -- $315 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,828 $513,900 $0 $513,900
2024 $5,776 $497,100 $0 $497,100
2023 $5,775 $461,600 $0 $461,600
2022 $5,671 $428,000 $0 $428,000
2021 $5,353 $387,900 $0 $387,900
2020 $5,482 $379,400 $0 $379,400
2019 $5,170 $342,400 $0 $342,400
2018 $5,051 $328,400 $0 $328,400
2017 $4,939 $311,400 $0 $311,400
2016 $4,643 $296,300 $0 $296,300
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Team Harborside

    Sagan Harborside Sotheby's International Realty

    (617) 816-1909

    3 in this area

    127 Total Sales

    Team Harborside
    Section Image
  • Richard Rosa

    Buyer's Agent in 2015

    Richard Rosa

    Buyers Brokers Only, LLC

    (978) 835-5906

    67 Total Sales

    Richard Rosa
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71795947

MLS Property Information Network (MLS PIN)

APN: SALE-000026-000000-000467-000801-000801

Massachusetts Essex County Salem 01970 Downtown Salem

16 Summer St Unit 1, Salem, MA

Not Listed for Sale

Condos

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