NOT LISTED FOR SALE

5 Summit Ave Unit 1 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $818,000 - $971,076

3 Beds
1 Bath
1,900 Sq Ft
$484/Sq Ft Est. Value

About This Home

Location, location, location! Summit Avenue is a lovely, quiet street just a few blocks from the ocean and less than a mile to the heart of bustling downtown Salem filled with shops, Museums, restaurants and tourist attractions. Additionally, you have access to the beautiful serene oasis of Forest River Park with a walking/bike path to enjoy, playground and a brand new public pool/splash pad. This bright, spacious apartment has lovely details throughout including hardwood floors, oversized windows, and two porches. It offers three large bedrooms, a small outdoor space for grilling, off-street parking and even a garage with keypad for parking (perfect for snow storms!) and storage. Washer and dryer hookups are available in the basement. Lease starts August 1st with a one year minimum.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2022
Sold by
Corneau Arleen D and Corneau David
Bought by
Corneau David
Current Estimated Value
$918,769

Purchase Details

Closed on
Aug 21, 2008
Sold by
Morris Rt
Bought by
Comeau Arleen D

Purchase Details

Closed on
Jul 5, 1991
Sold by
Axelrod Minnie S
Bought by
Morris Morris Ruth Ruth and Milton Morris

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Corneau David -- None Available
Comeau Arleen D -- --
Morris Morris Ruth Ruth $106,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2023 07/11/23 Rented $2,750 0.0% --
07/11/2023 07/11/23 Under Contract -- -- --
06/30/2023 06/30/23 For Rent $2,750 +12.2% --
06/30/2022 06/30/22 Rented $2,450 +2.1% --
06/17/2022 06/17/22 Under Contract -- -- --
06/12/2022 06/12/22 For Rent $2,400 -- --

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 $11,410 $1,006,200 $205,200 $801,000
2024 $10,369 $892,300 $195,000 $697,300
2023 $10,053 $803,600 $180,000 $623,600
2022 $10,047 $758,300 $174,000 $584,300
2021 $8,864 $642,300 $162,000 $480,300
2020 $8,326 $576,200 $153,000 $423,200
2019 $8,168 $540,900 $145,200 $395,700
2018 $7,667 $498,500 $138,000 $360,500
2017 $7,564 $476,900 $116,400 $360,500
2016 $7,388 $471,500 $111,000 $360,500
2015 $7,015 $427,500 $102,000 $325,500
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Lindsay Otis

    William Raveis R.E. & Home Services

    4 in this area

    9 Total Sales

    Lindsay Otis
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Map

Massachusetts Essex County Salem 01970 South Salem

5 Summit Ave Unit 1, Salem, MA

Homes for Sale in Salem, MA

This home is located at 5 Summit Ave Unit 1, Salem, MA 01970 and is currently estimated at $918,769, approximately $483 per square foot. 5 Summit Ave Unit 1 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.

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