NOT LISTED FOR SALE

4 Summit Ave Unit 2R Salem, MA 01970

South Salem Neighborhood

Estimated Value: $515,000 - $549,000

3 Beds
1 Bath
1,560 Sq Ft
$344/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $490,000 $314 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,610/month

5 Days on Market

Highlights

  • Marina
  • Deck
  • Wood Flooring
  • Custom Closet System
  • Property is near public transit
  • Solid Surface Countertops

About This Home

As of July 2023

Spacious, Six room, three bedroom plus office area home with many updates including kitchen appliances, granite countertops, and newer gas heating system. Handsome townhouse property located in a beautiful Lafayette Street Neighborhood. Near Forest River park, and beaches but also near all that down-town Salem has to offer. Private deck area off of the kitchen to enjoy these beautiful summer evenings and sea breezes. Laundry room and storage area in the unit. One car off street parking at the rear of the property. A wonderful single family home alternative.

Last Agent to Sell the Property

Douglas Desrocher

Desrocher Real Estate Listed on: 06/21/2023

Last Buyer's Agent

Team Lillian Montalto

Lillian Montalto Signature Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,001

Year Built

  • Built in 1900

Lot Details

  • 5,998 Sq Ft Lot
  • Two or More Common Walls

HOA Fees

  • $246 Monthly HOA Fees

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,560 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Home Office
  • Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • Custom Closet System
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • 1 Car Parking Space
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number M:33 L:0458 S:804,4404365

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, snow removal, reserve funds
  • 4 Units
  • Summit Avenue Condminium Community

Amenities

  • Common Area
  • Shops
  • Community Storage Space

Recreation

  • Marina
  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path

Pet Policy

  • Call for details about the types of pets allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,001

Year Built

Built in 1900

Lot Details

0

HOA Fees

$246 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Townhouse
  • Year Built: 1900
  • Buyer Agency: 2
  • Entry Level: 2
  • Transaction Broker: 1.5
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Tile, Hardwood, Flooring - Wall to Wall Carpet
  • Interior Amenities: Closet/Cabinets - Custom Built, Office
  • Entry Location: Unit Placement(Upper)
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer, Gas Water Heater,Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 3
  • Room Bedroom2 Level: Third
  • Room Bedroom2 Features: Flooring - Wall to Wall Carpet
  • Room Bedroom3 Features: Flooring - Wall to Wall Carpet
  • Room Bedroom3 Level: Third
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Ceiling Fan(s), Flooring - Wall to Wall Carpet
  • Room Master Bedroom Level: Second
  • Bathroom 1 Features: Flooring - Stone/Ceramic Tile
  • Bathroom 1 Level: Second
  • Room Kitchen Level: Second
  • Room Kitchen Features: Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
  • Laundry Features: Electric Dryer Hookup, Walk-in Storage, Washer Hookup, Third Floor
  • Room Living Room Level: Second
  • Room Living Room Features: Flooring - Hardwood
  • Room Office Level: Second
  • Room Office Features: Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet
  • Basement: Y
  • Living Area: 1560
  • Spa YN: No
  • Stories Total: 2
  • MAIN LO: C27000
  • LIST PRICE PER Sq Ft: 301.09
  • PRICE PER Sq Ft: 314.1
  • MAIN SO: G62122

Exterior Features

  • Common Walls: 2+ Common Walls
  • Construction Materials: Frame
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Assigned
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer
  • Cooling: Window Unit(s), None
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Storage
  • Association Fee: 246
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Marina, Public School, T-Station, University
  • Senior Community YN: No
  • UNIT BUILDING: 2R
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Reserve Funds

Lot Info

  • Parcel Number: M:33 L:0458 S:804,4404365
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 5998
  • Lot Size Units: Acres
  • PAGE: 395
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5001
  • Tax Book Number: 39210

Multi Family

  • Number Of Units Total: 4
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2023
Closed on
Jul 31, 2023
Sold by
Davis Joanna
Bought by
Gildehaus Paul E and Lian-Whitney Sara P
Seller's Agent
Douglas Desrocher
Desrocher Real Estate
Buyer's Agent
Team Lillian Montalto
Lillian Montalto Signature Properties
List Price
$469,700
Sold Price
$490,000
Premium/Discount to List
$20,300
4.32%
Views
92
Current Estimated Value
$537,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,347
Avg. Annual Appreciation
4.71%
Original Mortgage
$392,000
Outstanding Balance
$383,257
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$155,692

Purchase Details

Listed on
Sep 23, 2020
Closed on
Nov 18, 2020
Sold by
Farrar Leela P
Bought by
Davis Joanna
Seller's Agent
Eric Towne
Tache Real Estate, Inc.
Buyer's Agent
Windward & Main Realty Group
William Raveis R.E. & Home Services
List Price
$399,000
Sold Price
$385,000
Premium/Discount to List
-$14,000
-3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.42%
Original Mortgage
$250,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2009
Sold by
Hussa Emily L and Froeschl Scott J
Bought by
Vanderwerken Nicholas R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,125
Interest Rate
4.83%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Gildehaus Paul E $490,000 None Available
Davis Joanna $385,000 None Available
Vanderwerken Nicholas R $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gildehaus Paul E $392,000
Previous Owner Davis Joanna $250,000
Previous Owner Farrar Leela P $227,300
Previous Owner Vanderwerken Nicholas R $217,125
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2023 07/31/23 Sold $490,000 +4.3% $314 / Sq Ft
06/27/2023 06/27/23 Pending -- -- --
06/21/2023 06/21/23 For Sale $469,700 +22.0% $301 / Sq Ft
11/23/2020 11/23/20 Sold $385,000 -3.5% $247 / Sq Ft
10/11/2020 10/11/20 Pending -- -- --
09/23/2020 09/23/20 For Sale $399,000 +61.5% $256 / Sq Ft
05/24/2016 05/24/16 Sold $247,000 -1.2% $158 / Sq Ft
03/13/2016 03/13/16 Pending -- -- --
03/10/2016 03/10/16 For Sale $249,900 0.0% $160 / Sq Ft
01/25/2016 01/25/16 Pending -- -- --
01/04/2016 01/04/16 For Sale $249,900 +1.2% $160 / Sq Ft
12/21/2015 12/21/15 Off Market $247,000 -- --
11/10/2015 11/10/15 For Sale $249,900 -- $160 / 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 $5,229 $461,100 $0 $461,100
2024 $4,883 $420,200 $0 $420,200
2023 $5,001 $399,800 $0 $399,800
2022 $4,757 $359,000 $0 $359,000
2021 $4,301 $311,700 $0 $311,700
2020 $4,381 $303,200 $0 $303,200
2019 $3,965 $262,600 $0 $262,600
2018 $3,702 $240,700 $0 $240,700
2017 $3,624 $228,500 $0 $228,500
2016 $3,518 $224,500 $0 $224,500
2015 $3,556 $216,700 $0 $216,700
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Douglas Desrocher

    Desrocher Real Estate

    (978) 764-4167

    4 in this area

    20 Total Sales

    Douglas Desrocher
    Section Image
  • Team Lillian Montalto

    Buyer's Agent in 2023

    Team Lillian Montalto

    Lillian Montalto Signature Properties

    (978) 815-6301

    13 in this area

    1,000 Total Sales

    Team Lillian Montalto
    Section Image

  • E

    Seller's Agent in 2020

    Eric Towne

    Tache Real Estate, Inc.

    (978) 979-9100

    3 in this area

    23 Total Sales

    Eric Towne
    Section Image

  • W

    Buyer's Agent in 2020

    Windward & Main Realty Group

    William Raveis R.E. & Home Services

    (978) 475-5100

    1 in this area

    107 Total Sales

    Windward & Main Realty Group
    Section Image

  • S

    Seller's Agent in 2016

    Sarah MacBurnie Liporto

    Keller Williams Realty Evolution

    Section Image

  • J

    Buyer's Agent in 2016

    Julie Carrozo

    Better Place Realty

    (781) 526-0207

    5 Total Sales

    Julie Carrozo
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73127914

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000458-000804-000804

Massachusetts Essex County Salem 01970 South Salem

4 Summit Ave Unit 2R, Salem, MA

This home is located at 4 Summit Ave Unit 2R, Salem, MA 01970 since 21 June 2023 and is currently estimated at $537,347, approximately $344 per square foot. This property was built in 1900. 4 Summit Ave Unit 2R is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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.

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