NOT LISTED FOR SALE

50 Summit Ave Unit 52 Winthrop, MA 02152

Downtown Winthrop Neighborhood

Estimated Value: $943,000 - $1,013,192

7 Beds
4 Baths
4,100 Sq Ft
$236/Sq Ft Est. Value

Sale Details

Date Sold: November 18, 2016

Last sale price $600,000 $146 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $5,979 / mo

13 Days on Market

About This Home

As of November 2016

UNIQUE OPPORTUNITY……...Two 2 families on one lot. The smaller rear building has 2 one bedroom apartments and the larger front building has a large one+ bedroom on the first floor and the second floor unit is on 2 levels with a possibility of 3 bedrooms. This property works many different ways, as an owner occupy ( collect your rents and live for a fraction of the mortgage), as an investment for a landlord with the opportunity to just own it outright some day as retirement income or, as a condo conversion for a the real estate developer who is looking for their next project !!! Winthrop-by the Sea, so much to offer…..discover this quaint seaside town just minutes to Boston!

Last Agent to Sell the Property

Sharon Tallent

Compass Listed on: 08/17/2016

Compass

Last Buyer's Agent

Samir Bouchareb

Coleman Real Estate

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Lot Description: Paved Drive
  • Property Type: Multi-family
  • Other Agent: 1.00
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 5
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 17
  • Amenities: Public Transportation, Shopping, Park, Golf Course, Marina
  • Electric: Circuit Breakers
  • Flooring: Hardwood
  • Basement: Full, Unfinished Basement
  • Total Levels: 5

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Aluminum
  • Foundation: Fieldstone, Brick
  • Beach: Ocean, Walk to
  • Beach Ownership: Public

Garage/Parking

  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 6

Utilities

  • Hot Water: Oil, Natural Gas, Tankless
  • Utility Connections: Varies per Unit
  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Sewage District: MWRA

Condo/Co-op/Association

  • Total Units: 4

Lot Info

  • Zoning: Res.

Multi Family

  • Cooling Common: Other (See Remarks)
  • Total Bedrooms: 7
  • Total Floors: 6
  • Total Full Baths: 4
  • Total Levels: 5
  • Total Rms: 17
  • Total Rent_1: 3250

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2023
Sold by
Bought by
Current Estimated Value
$967,798

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,000
Outstanding Balance
$742,408
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$225,390
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$960,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $768,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/18/2016 11/18/16 Sold $600,000 -4.7% $146 / Sq Ft
08/30/2016 08/30/16 Pending -- -- --
08/17/2016 08/17/16 For Sale $629,900 -- $154 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,006 $872,700 $354,700 $518,000
2024 $8,263 $793,000 $340,900 $452,100
2023 $8,205 $766,800 $312,100 $454,700
2022 $8,072 $686,400 $278,300 $408,100
2021 $7,990 $630,100 $248,500 $381,600
2020 $7,785 $616,900 $248,500 $368,400
2019 $7,664 $581,500 $229,000 $352,500
2018 $7,476 $528,000 $196,600 $331,400
2017 $5,868 $407,200 $174,000 $233,200
2016 $5,839 $379,900 $151,300 $228,600
2015 $5,220 $364,000 $146,900 $217,100
2014 $4,831 $310,100 $136,700 $173,400
Source: Public Records

Agents Affiliated with this Home

  • Sharon Tallent

    Seller's Agent in 2016

    Sharon Tallent

    Compass

    (617) 206-3333

    19 in this area

    50 Total Sales

    Sharon Tallent
    Section Image

  • S

    Buyer's Agent in 2016

    Samir Bouchareb

    Coleman Real Estate

    (781) 205-4888

    1 in this area

    2 Total Sales

    Samir Bouchareb
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72054650

MLS Property Information Network (MLS PIN)

APN: WINT-000062-000000-000029

Massachusetts Suffolk County Winthrop 02152 Downtown Winthrop

50 Summit Ave Unit 52, Winthrop, MA

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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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