4 Summit Ave Unit 1L Salem, MA 01970
South Salem NeighborhoodEstimated Value: $329,000 - $372,000
1
Bed
1
Bath
790
Sq Ft
6,011
Sq Ft Lot
About This Home
As of March 2015Seller is ready to go and has established a $6,000. price reduction with a new listing price of $169,000. Great value for this turn key property. Want a low maintenance alternative to renting, or thinking of downsizing? Come tour this first floor property located in close proximity to all things Salem. This well maintained condo offers ample off street parking, great room sizes, front and back porches & low condo fee. Low interest rates and new market pricing make this a must see.
Property Details
Home Type
Condominium
Est. Annual Taxes
$3,427
Year Built
1900
Lot Details
0
Listing Details
- Unit Level: 1
- Unit Placement: Street, Front
- Special Features: None
- Property Sub Type: Condos
- Year Built: 1900
Interior Features
- Has Basement: Yes
- Number of Rooms: 4
- Amenities: Public Transportation, Shopping, Swimming Pool, Park, Medical Facility, Laundromat, Public School, University
- Energy: Storm Doors
- Flooring: Wood, Tile
- Bathroom #1: First Floor, 5X6
- Kitchen: First Floor, 12X13
- Laundry Room: Basement
- Living Room: First Floor, 13X14
- Master Bedroom: First Floor, 13X13
- Master Bedroom Description: Closet, Flooring - Hardwood
Exterior Features
- Construction: Frame
- Exterior: Clapboard
- Exterior Unit Features: Deck - Wood, Covered Patio/Deck, Storage Shed, Gutters
Garage/Parking
- Parking: Off-Street, Assigned, Paved Driveway
- Parking Spaces: 1
Utilities
- Heat Zones: 1
- Hot Water: Natural Gas
- Utility Connections: for Gas Range, for Gas Oven, for Electric Dryer
Condo/Co-op/Association
- Condominium Name: Summit Avenue Condominium
- Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping
- Association Pool: No
- Management: Owner Association
- Pets Allowed: Yes w/ Restrictions
- No Units: 4
- Unit Building: 1L
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 26, 2015
Closed on
Mar 24, 2015
Sold by
Peterson Edward M
Bought by
Velez Augusto
Seller's Agent
Hope Watt-Bucci
Coldwell Banker Realty - Manchester
Buyer's Agent
Eric Towne
Tache Real Estate, Inc.
List Price
$175,000
Sold Price
$160,000
Premium/Discount to List
-$15,000
-8.57%
Total Days on Market
29
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,392
Avg. Annual Appreciation
7.67%
Purchase Details
Listed on
Oct 11, 2011
Closed on
Nov 19, 2012
Sold by
Murphy Jana E
Bought by
Peterson Edward M
Seller's Agent
Cookie Melanson
Century 21 North East
Buyer's Agent
Cookie Melanson
Century 21 North East
List Price
$159,000
Sold Price
$144,000
Premium/Discount to List
-$15,000
-9.43%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.61%
Original Mortgage
$110,880
Interest Rate
3.39%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 26, 2004
Sold by
Collett James B
Bought by
Murphy Jana E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,405
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
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
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Velez Augusto | $160,000 | -- | |
| Peterson Edward M | $144,000 | -- | |
| Murphy Jana E | $169,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Stump Ralph L | $110,880 | |
| Previous Owner | Stump Ralph L | $28,800 | |
| Previous Owner | Stump Ralph L | $156,000 | |
| Previous Owner | Stump Ralph L | $161,405 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/24/2015 03/24/15 | Sold | $160,000 | -5.3% | $203 / Sq Ft |
| 02/24/2015 02/24/15 | Pending | -- | -- | -- |
| 02/21/2015 02/21/15 | Price Changed | $169,000 | -3.4% | $214 / Sq Ft |
| 01/26/2015 01/26/15 | For Sale | $175,000 | +21.5% | $222 / Sq Ft |
| 11/19/2012 11/19/12 | Sold | $144,000 | -0.7% | $182 / Sq Ft |
| 10/15/2012 10/15/12 | Price Changed | $145,000 | +11.6% | $184 / Sq Ft |
| 10/15/2012 10/15/12 | Pending | -- | -- | -- |
| 09/10/2012 09/10/12 | Price Changed | $129,900 | -10.4% | $164 / Sq Ft |
| 06/30/2012 06/30/12 | Price Changed | $145,000 | -3.3% | $184 / Sq Ft |
| 03/13/2012 03/13/12 | Price Changed | $149,900 | -2.7% | $190 / Sq Ft |
| 11/15/2011 11/15/11 | Price Changed | $154,000 | -3.1% | $195 / Sq Ft |
| 10/01/2011 10/01/11 | For Sale | $159,000 | -- | $201 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $3,427 | $302,200 | $0 | $302,200 |
| 2024 | $3,315 | $285,300 | $0 | $285,300 |
| 2023 | $3,274 | $261,700 | $0 | $261,700 |
| 2022 | $3,173 | $239,500 | $0 | $239,500 |
| 2021 | $3,006 | $217,800 | $0 | $217,800 |
| 2020 | $2,933 | $203,000 | $0 | $203,000 |
| 2019 | $2,612 | $173,000 | $0 | $173,000 |
| 2018 | $2,444 | $158,900 | $0 | $158,900 |
| 2017 | $2,395 | $151,000 | $0 | $151,000 |
| 2016 | $2,325 | $148,400 | $0 | $148,400 |
| 2015 | $2,350 | $143,200 | $0 | $143,200 |
Source: Public Records
Agents Affiliated with this Home
-
Hope Watt-Bucci
Seller's Agent in 2015
Hope Watt-Bucci
Coldwell Banker Realty - Manchester
(978) 808-5451
2 in this area
62 Total Sales
-
Eric Towne
E
Buyer's Agent in 2015
Eric Towne
Tache Real Estate, Inc.
(978) 979-9100
4 in this area
27 Total Sales
-
Cookie Melanson
Seller's Agent in 2012
Cookie Melanson
Century 21 North East
(978) 375-4199
1 in this area
26 Total Sales
-
Nicole Reid
Seller Co-Listing Agent in 2012
Nicole Reid
Aluxety
(978) 239-8925
35 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71787615
APN: SALE-000033-000000-000458-000801-000801
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.
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.
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