NOT LISTED FOR SALE

16 Summit St Salem, MA 01970

Gallows Hill Neighborhood

Estimated Value: $612,000 - $978,000

6 Beds
3 Baths
2,323 Sq Ft
$314/Sq Ft Est. Value

About This Home

This home is located at 16 Summit St, Salem, MA 01970 and is currently estimated at $729,152, approximately $313 per square foot. 16 Summit St is a home located in Essex County with nearby schools including Witchcraft Heights Elementary School, Horace Mann Laboratory, and Bates Elementary School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2017
Sold by
Lima Arlindo and Lima Victor
Bought by
16 Summit Street Salem
Current Estimated Value
$729,152

Purchase Details

Closed on
Oct 23, 2008
Sold by
Silva Manuel A and Silva Maria R
Bought by
Lima Victor

Purchase Details

Closed on
Jul 28, 2003
Sold by
Silva Manuel A and Silva Maria R
Bought by
Lima Arlindo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 31, 1991
Sold by
Wb & T Realty Corp
Bought by
Lima Lima Dinarte M Dinarte M and Lima Roberto C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,900
Interest Rate
8.23%

Purchase Details

Closed on
Oct 8, 1991
Sold by
Acquistion & Hold Tr
Bought by
W B & T Rlty Corp

Purchase Details

Closed on
Jul 1, 1987
Sold by
Marquez Maria
Bought by
Hanson Wayne D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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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
16 Summit Street Salem -- --
Lima Victor -- --
Lima Arlindo -- --
Lima Lima Dinarte M Dinarte M $150,000 --
W B & T Rlty Corp $140,000 --
Hanson Wayne D $176,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hanson Wayne D $332,000
Previous Owner Hanson Wayne D $160,000
Previous Owner Hanson Wayne D $145,900
Source: Public Records

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 $8,612 $759,400 $202,600 $556,800
2024 $8,266 $711,400 $191,200 $520,200
2023 $8,172 $653,200 $174,100 $479,100
2022 $7,803 $588,900 $159,800 $429,100
2021 $7,495 $543,100 $148,400 $394,700
2020 $7,101 $491,400 $145,500 $345,900
2019 $7,038 $466,100 $137,000 $329,100
2018 $6,509 $423,200 $127,800 $295,400
2017 $6,319 $398,400 $119,900 $278,500
2016 $6,243 $398,400 $119,900 $278,500
2015 $5,844 $356,100 $105,600 $250,500
Source: Public Records

Map

Massachusetts Essex County Salem 01970 Gallows Hill

16 Summit St, Salem, MA

Not Listed for Sale

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