NOT LISTED FOR SALE

4 Summit Ave Unit 1L Salem, MA 01970

South Salem Neighborhood

Estimated Value: $336,000 - $386,000

1 Bed
1 Bath
790 Sq Ft
6,011 Sq Ft Lot

Last Sold March 24, 2015

Last sale price $160,000 $203 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $2,196/month

29 Days on Market

About This Home

As of March 2015

Seller 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.

Last Agent to Sell the Property

Hope Watt-Bucci

Coldwell Banker Realty - Manchester Listed on: 01/26/2015

Coldwell Banker Realty - Manchester

Last Buyer's Agent

Eric Towne

Tache Real Estate, Inc.

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%
Current Estimated Value
$362,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,672
Avg. Annual Appreciation
7.95%

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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 Murphy Jana E $110,880
Previous Owner Murphy Jana E $28,800
Previous Owner Murphy Jana E $156,000
Previous Owner Murphy Jana E $161,405
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

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 $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

    61 Total Sales

    Hope Watt-Bucci
    Section Image

  • E

    Buyer's Agent in 2015

    Eric Towne

    Tache Real Estate, Inc.

    (978) 979-9100

    2 in this area

    21 Total Sales

    Eric Towne
    Section Image
  • Cookie Melanson

    Seller's Agent in 2012

    Cookie Melanson

    Century 21 North East

    (978) 375-4199

    1 in this area

    25 Total Sales

    Cookie Melanson
    Section Image
  • Nicole Reid

    Seller Co-Listing Agent in 2012

    Nicole Reid

    Aluxety

    (978) 239-8925

    38 Total Sales

    Nicole Reid
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71787615

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000458-000801-000801

Massachusetts Essex County Salem 01970 South Salem

4 Summit Ave Unit 1L, Salem, MA

Not Listed for Sale

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