NOT LISTED FOR SALE

35 Summit Ave Unit 1 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $485,000 - $600,000

2 Beds
1 Bath
1,182 Sq Ft
1896 Built

Last Sold August 01, 2016

Last sale price $280,000 $237 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $3,207/month

6 Days on Market

About This Home

As of August 2016

Great Location! Charming, first floor, five room, two bedroom condo with beautiful decorative moldings, high ceilings, wood floors and decorative fireplace. Private entrance, private use deck, separate storage area in basement, Laundry facilities in basement. Parking! Walkable to the ocean at end of street, forest river park, SSU, and downtown Salem with all it's many restaurants, shops, museums and waterfront. Beautifully landscaped yard and well cared for building.

Last Agent to Sell the Property

Andrea Dodge

Coldwell Banker Realty - Marblehead Listed on: 05/12/2016

Coldwell Banker Realty - Marblehead

Last Buyer's Agent

Stephanie Moio

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,341

Year Built

1896

Lot Details

0

Listing Details

  • Unit Level: 1
  • Unit Placement: Garden
  • Property Type: Condominium/Co-Op
  • Other Agent: 1.00
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1896

Interior Features

  • Appliances: Range, Dishwasher, Disposal, Refrigerator
  • Fireplaces: 1
  • Has Basement: Yes
  • Fireplaces: 1
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Swimming Pool, Park, Golf Course, Medical Facility, Private School, Public School, T-Station, University
  • Flooring: Wood
  • Bedroom 2: First Floor
  • Bathroom #1: First Floor
  • Kitchen: First Floor
  • Laundry Room: Basement
  • Living Room: First Floor
  • Master Bedroom: First Floor
  • Master Bedroom Description: Flooring - Wood
  • Dining Room: First Floor
  • No Living Levels: 1

Exterior Features

  • Exterior: Wood
  • Exterior Unit Features: Deck - Wood

Garage/Parking

  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 1

Utilities

  • Heating: Gas
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Condominium Name: 35 Summit Avenue Condominiums
  • Association Fee Includes: Water, Sewer, Master Insurance, Laundry Facilities, Landscaping, Snow Removal, Reserve Funds, Exterior Maintenance
  • Management: Owner Association
  • Pets Allowed: Yes w/ Restrictions
  • No Units: 3
  • Unit Building: 1

Fee Information

  • Fee Interval: Monthly

Lot Info

  • Assessor Parcel Number: M:33 L:0654 S:801
  • Zoning: R-2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2016
Closed on
Aug 1, 2016
Sold by
Frisby Erika
Bought by
Benitez Edna
Seller's Agent
Andrea Dodge
Coldwell Banker Realty - Marblehead
Buyer's Agent
Stephanie Moio
William Raveis R.E. & Home Services
List Price
$269,000
Sold Price
$280,000
Premium/Discount to List
$11,000
4.09%
Current Estimated Value
$524,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,478
Avg. Annual Appreciation
6.94%
Original Mortgage
$264,000
Outstanding Balance
$211,048
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$313,430

Purchase Details

Closed on
Dec 16, 2011
Sold by
Merolle Patricia A
Bought by
Frisby Erika M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,828
Interest Rate
4.01%

Purchase Details

Closed on
Jun 24, 1999
Sold by
Seeley Nancy C
Bought by
Merolle Patricia A

Purchase Details

Closed on
Apr 16, 1997
Sold by
Chuber Claudia and Mclaughlin Micahel A
Bought by
Seeley Nancy C
Source: Public Records

Range of Values:

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

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Benitez Edna $280,000 --
Frisby Erika M $204,000 --
Merolle Patricia A $133,000 --
Seeley Nancy C $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benitez Edna $264,000
Previous Owner Seeley Nancy C $198,828
Previous Owner Seeley Nancy C $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2016 08/01/16 Sold $280,000 +4.1% $237 / Sq Ft
05/18/2016 05/18/16 Pending -- -- --
05/12/2016 05/12/16 For Sale $269,000 -- $228 / 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 $5,341 $471,000 $0 $471,000
2024 $5,239 $450,900 $0 $450,900
2023 $5,124 $409,600 $0 $409,600
2022 $4,969 $375,000 $0 $375,000
2021 $4,889 $354,300 $0 $354,300
2020 $4,783 $331,000 $0 $331,000
2019 $4,538 $300,500 $0 $300,500
2018 $4,208 $273,600 $0 $273,600
2017 $3,938 $248,300 $0 $248,300
2016 $3,726 $237,800 $0 $237,800
2015 $3,730 $227,300 $0 $227,300
Source: Public Records

Agents Affiliated with this Home

  • Andrea Dodge

    Seller's Agent in 2016

    Andrea Dodge

    Coldwell Banker Realty - Marblehead

    (781) 953-4396

    4 in this area

    36 Total Sales

    Andrea Dodge
    Section Image
  • Stephanie Moio

    Buyer's Agent in 2016

    Stephanie Moio

    William Raveis R.E. & Home Services

    (978) 248-8657

    4 in this area

    30 Total Sales

    Stephanie Moio
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72004332

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000654-000801-000801

Massachusetts Essex County Salem 01970 South Salem

35 Summit Ave Unit 1, Salem, MA

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Nearby Homes