NOT LISTED FOR SALE

35 Summit Ave Unit 2 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $479,000 - $526,000

3 Beds
1 Bath
1,206 Sq Ft
1896 Built

Last Sold December 17, 2019

Last sale price $360,000 $299 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,297/month

54 Days on Market

About This Home

As of December 2019

This classic and elegantly unique 3 bedroom 1 bathroom condo in a very sought after neighborhood of Salem is available for you today. Excellent location with close proximity to the ocean, parks, shops, schools and much more. This unit has an updated kitchen, large bedrooms and private outdoor space making it great for entertaining. The property boasts mature, picturesque landscaping and a strong association. Come be apart of thriving Salem and call this condo your home. First Open House will take place on Thursday 9/26 from 5:30-7. Also join us for another Open House Sunday 9/29 from 11-1.

Last Listed By

Kevin Farrar

Atlantic Coast Homes,Inc Listed on: 09/24/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,430

Year Built

  • Built in 1896

Flooring

  • Wood Flooring

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Natural Gas Water Heater

Additional Features

  • Basement

Community Details

  • Call for details about the types of pets allowed

Listing and Financial Details

  • Assessor Parcel Number M:33 L:0654 S:802

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,430

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Attached
  • Other Agent: 1.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 315.01
  • Comp Based On: Net Sale Price
  • Year Built: 1896
  • Lead Paint: Unknown
  • Unit Building: 2
  • Unit Level: 2
  • Unit Placement: Middle
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1896

Interior Features

  • Fireplaces: 2
  • Flooring: Hardwood
  • No Bedrooms: 3
  • Full Bathrooms: 1
  • No Rooms: 5
  • Basement: Y
  • No Living Levels: 3
  • Main Lo: NB9147
  • Main So: NB9147
  • Estimated Sq Ft: 1206.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 0 to 1/10 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Wood
  • Exterior Unit Features: Deck - Composite, Garden Area, Gutters

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Window AC
  • Heating: Gas
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Medical Facility, Laundromat, House of Worship, Marina, Private School, Public School, T-Station, University
  • HOA Fees: 314.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Laundry Facilities, Exterior Maintenance, Landscaping, Snow Removal, Refuse Removal, Reserve Funds
  • Condo Association: Yes
  • Management: Owner Association

Association/Amenities

  • Condominium Name: Thirty Five Summit Ave Condominiums

Lot Info

  • Assessments: 303100.00
  • Page: 411
  • Parcel Number: M:33 L:0654 S:802
  • Zoning: R1

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 4577.00
  • Assessor Parcel Number: 2135282

Multi Family

  • No Units: 3
  • No Units Owner Occ: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2019
Closed on
Dec 16, 2019
Sold by
Peppe Zannino and Peppe Jayne
Bought by
Hautau Carol E
Seller's Agent
Kevin Farrar
Atlantic Coast Homes,Inc
Buyer's Agent
Kevin Farrar
Atlantic Coast Homes,Inc
List Price
$379,900
Sold Price
$360,000
Premium/Discount to List
-$19,900
-5.24%
Total Days on Market
54
Current Estimated Value
$508,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,048
Avg. Annual Appreciation
6.52%
Original Mortgage
$118,000
Outstanding Balance
$105,336
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$402,712

Purchase Details

Closed on
Aug 7, 2019
Sold by
Gilbert Aaron M
Bought by
Zannino-Peppe Jayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 23, 2016
Closed on
Aug 24, 2016
Sold by
Whitehouse Joanne M
Bought by
Gilbert Aaron M
Seller's Agent
Karen Dirocco
Keller Williams Realty Evolution
Buyer's Agent
Kate Richard
J. Barrett & Company
List Price
$259,900
Sold Price
$259,000
Premium/Discount to List
-$900
-0.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.99%
Original Mortgage
$249,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 1989
Sold by
Gabrielli David
Bought by
Whitehouse Joanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
9.82%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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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
Hautau Carol E $360,000 None Available
Zannino-Peppe Jayne $310,000 --
Gilbert Aaron M $259,000 --
Whitehouse Joanne $134,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hautau Carol E $118,000
Previous Owner Zannino-Peppe Jayne $263,500
Previous Owner Gilbert Aaron M $249,000
Previous Owner Whitehouse Joanne $70,000
Previous Owner Whitehouse Joanne $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2019 12/17/19 Sold $360,000 -5.2% $299 / Sq Ft
11/17/2019 11/17/19 Pending -- -- --
09/24/2019 09/24/19 For Sale $379,900 +46.7% $315 / Sq Ft
08/24/2016 08/24/16 Sold $259,000 -0.3% $215 / Sq Ft
06/30/2016 06/30/16 Pending -- -- --
06/23/2016 06/23/16 For Sale $259,900 -- $216 / 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 $5,430 $478,800 $0 $478,800
2024 $5,329 $458,600 $0 $458,600
2023 $5,219 $417,200 $0 $417,200
2022 $5,012 $378,300 $0 $378,300
2021 $4,932 $357,400 $0 $357,400
2020 $4,825 $333,900 $0 $333,900
2019 $2,889 $303,100 $0 $303,100
2018 $4,245 $276,000 $0 $276,000
2017 $3,973 $250,500 $0 $250,500
2016 $3,759 $239,900 $0 $239,900
2015 $3,761 $229,200 $0 $229,200
Source: Public Records

Agents Affiliated with this Home

  • Kevin Farrar

    Seller's Agent in 2019

    Kevin Farrar

    Atlantic Coast Homes,Inc

    (978) 578-3448

    1 in this area

    32 Total Sales

    Kevin Farrar
    Section Image

  • K

    Seller's Agent in 2016

    Karen Dirocco

    Keller Williams Realty Evolution

    (781) 718-7392

    14 Total Sales

    Karen Dirocco
    Section Image
  • Kate Richard

    Buyer's Agent in 2016

    Kate Richard

    J. Barrett & Company

    (978) 252-0322

    4 in this area

    71 Total Sales

    Kate Richard
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72569858

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000654-000802-000802

Massachusetts Essex County Salem 01970 South Salem

35 Summit Ave Unit 2, Salem, MA

Homes for Sale in Salem, MA

This home is located at 35 Summit Ave Unit 2, Salem, MA 01970 since 24 September 2019 and is currently estimated at $508,048, approximately $421 per square foot. This property was built in 1896. 35 Summit Ave Unit 2 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Horace Mann Laboratory.

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