P
Seller's Agent in 2021
Phil O'Donnell
Aluxety
(978) 210-6098
3 in this area
34 Total Sales
5 Summit St Salem, MA 01970
Gallows Hill NeighborhoodEstimated Value: $742,000 - $880,000
5
Beds
4
Baths
2,725
Sq Ft
$300/Sq Ft
Est. Value
About This Home
As of April 2021Large side by side two family home on a nice lot. This home sits on top of a hill in a great residential neighborhood. Close to the highways, minutes to downtown Salem and commuter rail to Boston. The original house was built around 1850 with the second unit added in the 20th century. The front unit has two bedrooms, living room dining area kitchen. The back unit has 3 large bedrooms, dining area, kitchen and living area with hardwood floors.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1850
Lot Details
- 8,276
Schools
- SHS High School
Utilities
- Water Holding Tank
- Natural Gas Water Heater
Additional Features
- Enclosed Patio or Porch
- Year Round Access
- Basement
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 3, 2023
Sold by
Fallon George F
Bought by
Coelho George M and Coelho Marie T
Current Estimated Value
Purchase Details
Listed on
Jan 20, 2021
Closed on
Apr 9, 2021
Sold by
Little Daniel E and Little Douglas
Bought by
Okoh Susan I
Seller's Agent
Phil O'Donnell
Aluxety
Buyer's Agent
Ashley Tetreault
Silver Key Homes Realty
List Price
$625,000
Sold Price
$645,000
Premium/Discount to List
$20,000
3.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.86%
Original Mortgage
$623,473
Interest Rate
2.9%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 25, 2017
Sold by
Little Douglas
Bought by
Little Douglas and Little Daniel E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
4.16%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 9, 2013
Sold by
Fallon George F
Bought by
Lheureux Francis and Lheureux Valerie
Purchase Details
Listed on
Sep 13, 2012
Closed on
Nov 30, 2012
Sold by
Fallon George F
Bought by
Lanzillo Flaminio
Seller's Agent
Terryanne St. Pierre
MerryFox Realty
Buyer's Agent
Kathy Sullivan
RE/MAX Beacon
List Price
$349,900
Sold Price
$332,655
Premium/Discount to List
-$17,245
-4.93%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.92%
Original Mortgage
$326,629
Interest Rate
3.56%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 13, 2012
Closed on
Oct 30, 2012
Sold by
Fallon George F
Bought by
Little Douglas
Seller's Agent
Terryanne St. Pierre
MerryFox Realty
Buyer's Agent
Kathy Sullivan
RE/MAX Beacon
List Price
$349,900
Sold Price
$332,655
Premium/Discount to List
-$17,245
-4.93%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,629
Interest Rate
3.56%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 27, 2012
Sold by
Young William A
Bought by
Fallon George F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.86%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 21, 2007
Sold by
Young Minerva A
Bought by
Young William A
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Coelho George M | -- | None Available | |
| Okoh Susan I | $645,000 | None Available | |
| Little Douglas | -- | -- | |
| Lheureux Francis | -- | -- | |
| Lanzillo Flaminio | $99,900 | -- | |
| Little Douglas | $332,655 | -- | |
| Fallon George F | $180,000 | -- | |
| Young William A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Okoh Susan I | $623,473 | |
| Previous Owner | Little Douglas | $108,000 | |
| Previous Owner | Young William A | $326,629 | |
| Previous Owner | Young William A | $180,000 | |
| Previous Owner | Young William A | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/09/2021 04/09/21 | Sold | $645,000 | +3.2% | $237 / Sq Ft | |
| 03/03/2021 03/03/21 | Pending | -- | -- | -- | |
| 02/03/2021 02/03/21 | For Sale | $625,000 | 0.0% | $229 / Sq Ft | |
| 01/27/2021 01/27/21 | Pending | -- | -- | -- | |
| 01/20/2021 01/20/21 | For Sale | $625,000 | +87.9% | $229 / Sq Ft | |
| 10/30/2012 10/30/12 | Sold | $332,655 | -4.9% | $122 / Sq Ft | View Prior Sale |
| 09/30/2012 09/30/12 | Pending | -- | -- | -- | |
| 09/13/2012 09/13/12 | For Sale | $349,900 | -- | $128 / 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 | $8,432 | $743,600 | $229,600 | $514,000 |
| 2024 | $8,062 | $693,800 | $216,700 | $477,100 |
| 2023 | $7,819 | $625,000 | $197,300 | $427,700 |
| 2022 | $7,197 | $543,200 | $181,100 | $362,100 |
| 2021 | $6,854 | $496,700 | $168,200 | $328,500 |
| 2020 | $6,829 | $472,600 | $164,900 | $307,700 |
| 2019 | $6,759 | $447,600 | $155,200 | $292,400 |
| 2018 | $6,138 | $399,100 | $144,900 | $254,200 |
| 2017 | $5,943 | $374,700 | $135,800 | $238,900 |
| 2016 | $5,872 | $374,700 | $135,800 | $238,900 |
| 2015 | $5,627 | $342,900 | $119,600 | $223,300 |
Source: Public Records
Agents Affiliated with this Home
-
Phil O'Donnell
-
Ashley Tetreault
Buyer's Agent in 2021
Ashley Tetreault
Silver Key Homes Realty
(860) 334-1742
1 in this area
14 Total Sales
-
Terryanne St. Pierre
Seller's Agent in 2012
Terryanne St. Pierre
MerryFox Realty
(978) 580-9396
24 Total Sales
-
Kathy Sullivan
Buyer's Agent in 2012
Kathy Sullivan
RE/MAX
(781) 771-9949
61 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72776736
APN: SALE-000015-000000-000162
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