46 Summit Ave Unit 3 Salem, MA 01970
South Salem Neighborhood
2
Beds
1
Bath
875
Sq Ft
$330/mo
HOA Fee
Highlights
- Marina
- No Units Above
- Deck
- Medical Services
- Waterfront
- 5-minute walk to Forest River Park
About This Home
As of March 2021The 46 Summit Ave Condominium was built circa 1885 as a grand Colonial style residence & completely renovated in 2009. Its located two blocks from Forest River Park where there is ocean access & plenty of walking trails. This condominium is being newly created in 2018 & the last unit offered is the penthouse on the third floor. Both the living room & kitchen have cathedral ceilings with skylights creating plenty of natural light. The Eat In Kitchen has granite & glass countertops, shaker style oak cabinets & ceramic tile mosaics & a stackable washer/dryer. A wonderful three-season deck (154 sq ft) is off the kitchen expanding your outdoor enjoyment. The Bathroom has contemporary vessel-style sink with oak cabinetry. The Master Bedroom has a walk in closet. A new, efficient gas heating system was installed with individual unit control. Additional storage is available in the clean & well-lit basement. Est Taxes after conversion: $4362. Est heating/hot water & cooking expense: $54/mo.
Property Details
Home Type
- Condominium
Year Built
- Built in 1885
Lot Details
- Waterfront
- No Units Above
HOA Fees
- $330 Monthly HOA Fees
Home Design
- Frame Construction
- Shingle Roof
Interior Spaces
- 875 Sq Ft Home
- 1-Story Property
- Sheet Rock Walls or Ceilings
- Window Screens
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Parking
- 2 Car Parking Spaces
- Paved Parking
- Open Parking
- Off-Street Parking
- Assigned Parking
Outdoor Features
- Walking Distance to Water
- Deck
- Rain Gutters
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number M:33 L:0420,2135011
Community Details
Overview
- Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal, reserve funds
- 3 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
- Community Storage Space
Recreation
- Marina
- Community Pool
- Park
- Jogging Path
- Bike Trail
Pet Policy
- Breed Restrictions
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%
Total Days on Market
7
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
$82,648
Avg. Annual Appreciation
5.13%
Original Mortgage
$317,500
Outstanding Balance
$288,600
Interest Rate
2.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$151,548
Map
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Similar Homes in Salem, MA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Condominium Deed | $357,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $317,500 | Purchase Money Mortgage | |
| Previous Owner | $255,000 | Stand Alone Refi Refinance Of Original Loan |
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
| 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
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72358412
APN: 33-0420-803
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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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