NOT LISTED FOR SALE

46 Summit Ave Unit 3 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $431,000 - $538,000

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

Last Sold March 30, 2021

Last sale price $357,500 $409 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $3,165/month

7 Days on Market

About This Home

As of March 2021

Stunning Salem penthouse condo only 2 blocks from the ocean & Forest River Park! Sunny & bright, this 2 BR unit features a massive eat-in kitchen w/granite counters, stainless steel appliances, oak cabinets, slow-close drawers, & new modern pendant lighting. Entertain at the enormous island w/glass mosaic tile top & plenty of under cabinet storage! Both the kitchen & living room are equipped w/cathedral ceilings & skylights, creating tons of natural light. Gleaming hardwood floors in the living room & both bedrooms, & stackable laundry in the unit is a huge plus. Enjoy the private outdoor deck for a morning coffee or for drinks w/family or friends! Converted to condos just recently, (2018), all three units in the building are owner occupied & building is pet friendly. Unit comes with 2 off-street parking spaces, gas heat, & additional storage area in the basement as well. Walkable to historic downtown Salem, ocean, parks, Hocus Pocus House, Salem State University & plenty more!

Last Agent to Sell the Property

Paul Hryb

Maloney Properties, Inc. Listed on: 02/10/2021

Last Buyer's Agent

Ellen Grubert

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,458

Year Built

  • Built in 1885

Lot Details

  • Year Round Access

HOA Fees

  • $330 per month

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Hot Water Baseboard Heater
  • Heating System Uses Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Basement

Community Details

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,458

Year Built

Built in 1885

Lot Details

0

HOA Fees

$330 per month

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: 2/3 Family
  • Year Built Description: Approximate, Renovated Since
  • List Price Per Sq Ft: 388.46
  • Comp Based On: Net Sale Price
  • Year Built: 1885
  • Lead Paint: Unknown
  • Year Round: Yes
  • Unit Building: 3
  • Unit Level: 3
  • Unit Placement: Upper, Top/Penthouse
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1885

Interior Features

  • Flooring: Wood, Tile
  • Interior Amenities: Cable Available
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • No Bedrooms: 2
  • Master Bedroom: On Level: Third Floor, Closet, Flooring - Hardwood
  • Bedroom 2: On Level: Third Floor, Closet, Flooring - Hardwood
  • Full Bathrooms: 1
  • Bathroom 1: On Level: Third Floor, Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
  • No Rooms: 4
  • Kitchen: On Level: Third Floor, Skylight, Flooring - Stone/Ceramic Tile, Balcony / Deck, Countertops - Stone/Granite/Solid, Kitchen Island, Dryer Hookup - Electric, Stainless Steel Appliances, Washer Hookup, Gas Stove, Lighting - Pendant, Lighting - Overhead
  • Laundry Features: In Unit
  • Living Room: On Level: Third Floor, Skylight, Closet, Flooring - Hardwood, Lighting - Overhead
  • Basement: Y
  • No Living Levels: 1
  • Main Lo: BB3875
  • Main So: AN2383
  • Estimated Sq Ft: 875.00

Exterior Features

  • Beachfront Flag: Yes
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Shingles, Wood
  • Insulation Feature: Full, Fiberglass - Batts
  • Exterior Unit Features: Deck, Screens, Gutters

Garage/Parking

  • Parking Feature: Off-Street, Tandem, Assigned, Paved Driveway
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Heating: Hot Water Baseboard, Gas
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, Washer Hookup

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Swimming Pool, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, House of Worship, Marina, Private School, Public School, T-Station, University
  • HOA Fees: 330.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping, Snow Removal, Extra Storage
  • Condo Association: Yes
  • Management: Owner Association

Association/Amenities

  • Condominium Name: 46 Summit Avenue Condominium Trust

Lot Info

  • Assessments: 270500.00
  • Page: 320
  • Zoning: R1

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 3908.73
  • Assessor Parcel Number: 5075329
  • Tax Year: 2020

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2021
Closed on
Mar 30, 2021
Sold by
Auster Erin C and Auster Ryan R
Bought by
Cannalonga Alicia M and Power Julia A
Seller's Agent
Paul Hryb
Maloney Properties, Inc.
Buyer's Agent
Ellen Grubert
Compass
List Price
$339,900
Sold Price
$357,500
Premium/Discount to List
$17,600
5.18%
Current Estimated Value
$466,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,043
Avg. Annual Appreciation
5.50%
Original Mortgage
$317,500
Outstanding Balance
$286,046
Interest Rate
2.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$168,391
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
Cannalonga Alicia M $357,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cannalonga Alicia M $317,500
Previous Owner Auster Erin C $255,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2021 03/30/21 Sold $357,500 +5.2% $409 / Sq Ft
02/17/2021 02/17/21 Pending -- -- --
02/10/2021 02/10/21 For Sale $339,900 +18.8% $388 / Sq Ft
08/27/2018 08/27/18 Sold $286,000 +4.0% $327 / Sq Ft
07/16/2018 07/16/18 Pending -- -- --
07/09/2018 07/09/18 For Sale $275,000 -- $314 / 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 $4,458 $393,100 $0 $393,100
2024 $4,332 $372,800 $0 $372,800
2023 $4,138 $330,800 $0 $330,800
2022 $4,005 $302,300 $0 $302,300
2021 $3,958 $286,800 $0 $286,800
2020 $3,909 $270,500 $0 $270,500
Source: Public Records

Agents Affiliated with this Home

  • Paul Hryb

    Seller's Agent in 2021

    Paul Hryb

    Maloney Properties, Inc.

    (781) 943-0200

    1 in this area

    105 Total Sales

    Paul Hryb
    Section Image
  • Ellen Grubert

    Buyer's Agent in 2021

    Ellen Grubert

    Compass

    (617) 256-8455

    1 in this area

    276 Total Sales

    Ellen Grubert
    Section Image
  • Jorge Zea

    Seller's Agent in 2018

    Jorge Zea

    Jorge Andres Zea

    (855) 550-0528

    1,352 Total Sales

    Jorge Zea
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72784247

MLS Property Information Network (MLS PIN)

APN: 33-0420-803

Massachusetts Essex County Salem 01970 South Salem

46 Summit Ave Unit 3, Salem, MA

This home is located at 46 Summit Ave Unit 3, Salem, MA 01970 since 10 February 2021 and is currently estimated at $466,543, approximately $533 per square foot. This property was built in 1885. 46 Summit Ave Unit 3 is a home located in Essex County with nearby schools including Saltonstall School, Horace Mann Laboratory, and Carlton 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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