NOT LISTED FOR SALE

46 Summit Ave Unit 2 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $431,000 - $530,000

2 Beds
1 Bath
912 Sq Ft
$330/mo HOA Fee

Last Sold December 15, 2021

Last sale price $385,000 $422 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,161/month

4 Days on Market

About This Home

As of December 2021

This spectacular sun-drenched 2 bedroom condo, which has beautifully updated features such as gleaming hardwood floors, some freshly painted walls. Enjoy entertaining in the spacious kitchen equipped with granite countertops, stainless steel appliances, oak cabinets with substantial storage space and generous seating at the large center island. The private 3-season deck provides additional space for relaxing outdoors. Additional perks include the convenience of in-unit laundry, newly installed smart home capabilities including : smart lock, smart Nest thermostat, & Wi-Fi dimmable recessed lighting. **Additional storage space in the meticulous basement and two off-street parking spaces come with this fabulous condo. This is Salem living at its finest with the ocean and Forest River Park, which is home to beaches, a pool and a playground only two blocks away and Salem’s historic downtown & restaurants within walking distance. Nothing to do but buy & move in! :)

Last Agent to Sell the Property

Michelle Theriault

Laffely Real Estate Associates Listed on: 11/10/2021

Last Buyer's Agent

Nick Cowden

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,547

Year Built

  • 1885

Lot Details

  • 7,405

HOA Fees

  • $330 per month

Community Details

Amenities

  • Common Area

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,547

Year Built

1885

Lot Details

0

HOA Fees

$330 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • Architectural Style: Other (See Remarks)
  • Directions: Take Lafayette St (Rte 1A) to Ocean Ave. Take next right on Summit Ave.
  • Garage Yn: No
  • Year Built Details: Renovated Since
  • Special Features: None
  • Year Built: 1885

Interior Features

  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator, Gas Water Heater, Utility Connections for Electric Dryer
  • MAIN LO: AN6617
  • MAIN SO: AN2383
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Tile, Hardwood
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Exterior Features: Rain Gutters, Professional Landscaping
  • Common Walls: 2+ Common Walls
  • Construction Type: Frame
  • Disclosures: Sellers Plan To Leave The Bedroom Set Including Bed Frame, Side Tables And Dressers As Well As The Kitchen Island Stools.
  • Patio And Porch Features: Covered
  • Waterfront Features: Beach Front, Ocean, 3/10 to 1/2 Mile To Beach
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Off Street, Assigned, Paved
  • Open Parking: Yes
  • Total Parking Spaces: 2

Utilities

  • Cooling: None
  • Heating: Natural Gas
  • Cooling Y N: No
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Utilities: for Electric Dryer, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • MANAGEMENT: Owner Association
  • Association Fee: 330
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, Marina, Private School, Public School, T-Station, University
  • Pets Allowed: Yes

Fee Information

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

Schools

  • Middle Or Junior School: Collins Middle

Lot Info

  • LOT SIZE: 7501
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 7405.2
  • Zoning: R1

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 4014
  • Tax Book Number: 25777
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2021
Closed on
Dec 10, 2021
Sold by
Maliawco John J and Maliawco-Elasaad Huda
Bought by
Braginskaya Irina
Seller's Agent
Michelle Theriault
Laffely Real Estate Associates
Buyer's Agent
Nick Cowden
Compass
List Price
$355,000
Sold Price
$385,000
Premium/Discount to List
$30,000
8.45%
Current Estimated Value
$465,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,647
Avg. Annual Appreciation
4.91%

Purchase Details

Listed on
May 31, 2018
Closed on
Aug 15, 2018
Sold by
Aubergine Group Llc
Bought by
Maliawco John J
Seller's Agent
Jorge Zea
Jorge Andres Zea
Buyer's Agent
Michelle Theriault
Laffely Real Estate Associates
List Price
$295,000
Sold Price
$290,000
Premium/Discount to List
-$5,000
-1.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.85%
Original Mortgage
$275,500
Interest Rate
3.5%
Mortgage Type
New Conventional
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
Braginskaya Irina $385,000 None Available
Maliawco John J $290,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maliawco John J $275,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2021 12/15/21 Sold $385,000 +8.5% $422 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
11/10/2021 11/10/21 For Sale $355,000 +22.4% $389 / Sq Ft
08/15/2018 08/15/18 Sold $290,000 -1.7% $318 / Sq Ft View Prior Sale
07/02/2018 07/02/18 Pending -- -- --
05/31/2018 05/31/18 For Sale $295,000 -- $323 / 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 $4,547 $401,000 $0 $401,000
2024 $4,426 $380,900 $0 $380,900
2023 $4,216 $337,000 $0 $337,000
2022 $4,078 $307,800 $0 $307,800
2021 $4,014 $290,900 $0 $290,900
2020 $3,964 $274,300 $0 $274,300
Source: Public Records

Agents Affiliated with this Home

  • Michelle Theriault

    Seller's Agent in 2021

    Michelle Theriault

    Laffely Real Estate Associates

    (508) 314-9550

    1 in this area

    16 Total Sales

    Michelle Theriault
    Section Image

  • N

    Buyer's Agent in 2021

    Nick Cowden

    Compass

    Section Image
  • Jorge Zea

    Seller's Agent in 2018

    Jorge Zea

    Jorge Andres Zea

    (855) 550-0528

    1,298 Total Sales

    Jorge Zea
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72918726

MLS Property Information Network (MLS PIN)

APN: 33-0420-802

Massachusetts Essex County Salem 01970 South Salem

46 Summit Ave Unit 2, Salem, MA

Not Listed for Sale

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