NOT LISTED FOR SALE

16 Summer St Unit 2 Salem, MA 01970

Chestnut Street Neighborhood

Estimated Value: $546,000 - $712,000

2 Beds
2 Baths
1,102 Sq Ft
7,536 Sq Ft Lot

Last Sold May 07, 2015

Last sale price $319,900 $290 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $3,909/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, 1.5 baths. 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 MLS 717949947,717949950,717949953

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

Karin Turner

Realty One Group Nest

Realty One Group Nest

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2015
Closed on
May 7, 2015
Sold by
Renewal Ventures Llc
Bought by
Flavin Gabriel
Seller's Agent
Team Harborside
Sagan Harborside Sotheby's International Realty
Buyer's Agent
Karin Turner
Realty One Group Nest
List Price
$319,900
Sold Price
$319,900
Total Days on Market
61
Current Estimated Value
$612,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,644
Avg. Annual Appreciation
6.10%
Original Mortgage
$303,905
Outstanding Balance
$237,556
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$343,034

Purchase Details

Closed on
Dec 31, 2013
Sold by
Salem 16 Summer Street
Bought by
Renewal Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$719,000
Interest Rate
4.35%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Flavin Gabriel $319,900 --
Renewal Ventures Llc $425,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flavin Gabriel $303,905
Previous Owner Renewal Ventures Llc $719,000
Previous Owner Cass William F $25,000
Previous Owner Cass William F $80,000
Previous Owner Cass William F $16,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2015 05/07/15 Sold $319,900 0.0% $290 / Sq Ft
04/29/2015 04/29/15 Pending -- -- --
03/22/2015 03/22/15 Off Market $319,900 -- --
02/27/2015 02/27/15 For Sale $319,900 -- $290 / 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 $5,766 $508,500 $0 $508,500
2024 $5,758 $495,500 $0 $495,500
2023 $5,750 $459,600 $0 $459,600
2022 $5,641 $425,700 $0 $425,700
2021 $5,324 $385,800 $0 $385,800
2020 $5,448 $377,000 $0 $377,000
2019 $5,132 $339,900 $0 $339,900
2018 $5,009 $325,700 $0 $325,700
2017 $4,894 $308,600 $0 $308,600
2016 $4,641 $296,200 $0 $296,200
2015 $8,633 $526,100 $90,600 $435,500
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

    146 Total Sales

    Team Harborside
    Section Image
  • Karin Turner

    Buyer's Agent in 2015

    Karin Turner

    Realty One Group Nest

    (978) 766-2446

    23 Total Sales

    Karin Turner
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71795949

MLS Property Information Network (MLS PIN)

APN: SALE-000026-000000-000467-000802-000802

Massachusetts Essex County Salem 01970 Chestnut Street

16 Summer St Unit 2, Salem, MA

This home is located at 16 Summer St Unit 2, Salem, MA 01970 since 27 February 2015 and is currently estimated at $612,544, approximately $555 per square foot. This property was built in 1850. 16 Summer St Unit 2 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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