Diane Cadogan Hughes
Barrett Sotheby's International Realty
(781) 776-5452
73 Total Sales
1 in South Salem
$690,000 Price
51 Ocean Ave Salem, MA 01970
South Salem Neighborhood
7
Beds
3.5
Baths
3,650
Sq Ft
3,080
Sq Ft Lot
About This Home
As of December 2025This fully renovated, turn-key 3-family is ideally located just 3/4 mile to downtown Salem and 1/2 mile to the beach, park, and hiking trails. Updates include a new roof, siding, windows, and doors, plus high-efficiency gas heat & hot water, gleaming hardwood floors, modern kitchens, custom tiled baths, and private laundry in each unit. The property features a spacious wrap-around first-floor porch, second-floor porch, and off-street parking for five cars. Low-maintenance and beautifully updated, this property is perfect for owner-occupants, extended family, or investors seeking excellent rental potential near Salem State University. Incredible opportunity! All units are occupied with leases in place and a strong rent roll.
Last Agent to Sell the Property
Gibson Sotheby's International Realty Listed on: 10/21/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,040
Year Built
- Built in 1910
Lot Details
- 3,080 Sq Ft Lot
- Corner Lot
Interior Spaces
- 3,650 Sq Ft Home
- Property has 1 Level
- Basement
Bedrooms and Bathrooms
- 7 Bedrooms
Parking
- 5 Open Parking Spaces
- 5 Car Parking Spaces
Outdoor Features
- Property is near a beach
Community Details
- 3 Units
- Net Operating Income $33,600
Listing and Financial Details
- Total Actual Rent $8,550
- Assessor Parcel Number M:33 L:0395,2134983
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
Listed on
Oct 21, 2025
Closed on
Nov 26, 2025
Sold by
Bought by
Seller's Agent
Haley Paster Scimone
Gibson Sotheby's International Realty
Buyer's Agent
Haley Paster Scimone
Gibson Sotheby's International Realty
List Price
$1,295,000
Sold Price
$1,225,000
Premium/Discount to List
-$70,000
-5.41%
Views
40
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
$26,039
Avg. Annual Appreciation
3.19%
Purchase Details
Listed on
Dec 6, 2022
Closed on
Dec 23, 2022
Sold by
Bought by
Seller's Agent
David Cutler
North Shore Realty Pros
Buyer's Agent
Haley Paster Scimone
Gibson Sotheby's International Realty
List Price
$1,290,000
Sold Price
$1,250,000
Premium/Discount to List
-$40,000
-3.1%
Views
53
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.69%
Purchase Details
Listed on
May 17, 2012
Closed on
Aug 2, 2012
Sold by
Bought by
Seller's Agent
Linda Moutsoulas
Century 21 North East
Buyer's Agent
Linda Moutsoulas
Century 21 North East
List Price
$399,000
Sold Price
$380,000
Premium/Discount to List
-$19,000
-4.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.11%
Original Mortgage
$373,117
Interest Rate
3.37%
Mortgage Type
FHA
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Salem, MA
-
Diane Cadogan Hughes
-
David Brown
David Brown
Coldwell Banker Realty - Beverly
(339) 666-1240
62 Total Sales
2 in South Salem
$535K - $775K Price Range
-
Nicole Bettano
Nicole Bettano
Lantern Residential
(781) 755-3931
69 Total Sales
2 in South Salem
$505K - $700K Price Range
-
Tracey Cleversey
Tracey Cleversey
Hive Property Group
(339) 444-2143
53 Total Sales
2 in South Salem
$382K - $605K Price Range
-
Hans Nagrath
Hans Nagrath
Compass
(888) 604-7140
165 Total Sales
1 in South Salem
$600,000 Price
-
Juan Lopera-Martinez
Juan Lopera-Martinez
eXp Realty LLC
(339) 338-4961
88 Total Sales
1 in South Salem
$1,100,000 Price
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $1,225,000 | -- | |
| Quit Claim Deed | $1,250,000 | None Available | |
| Quit Claim Deed | $380,000 | -- |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $500,000 | Commercial | |
| Previous Owner | $770,500 | Commercial | |
| Previous Owner | $42,000 | Credit Line Revolving | |
| Previous Owner | $373,117 | FHA |
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 | Prior Sale |
|---|---|---|---|---|---|
| 12/01/2025 12/01/25 | Sold | $1,225,000 | -5.4% | $336 / Sq Ft | |
| 11/18/2025 11/18/25 | Pending | -- | -- | -- | |
| 10/21/2025 10/21/25 | For Sale | $1,295,000 | +3.6% | $355 / Sq Ft | |
| 12/30/2022 12/30/22 | Sold | $1,250,000 | -3.1% | $337 / Sq Ft | View Prior Sale |
| 12/15/2022 12/15/22 | Pending | -- | -- | -- | |
| 12/06/2022 12/06/22 | For Sale | $1,290,000 | +239.5% | $348 / Sq Ft | |
| 08/02/2012 08/02/12 | Sold | $380,000 | -4.8% | $102 / Sq Ft | View Prior Sale |
| 07/03/2012 07/03/12 | Pending | -- | -- | -- | |
| 05/17/2012 05/17/12 | For Sale | $399,000 | -- | $108 / 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 | $13,040 | $1,149,900 | $162,800 | $987,100 |
| 2024 | $11,917 | $1,025,600 | $154,200 | $871,400 |
| 2023 | $10,303 | $823,600 | $142,800 | $680,800 |
| 2022 | $9,885 | $746,000 | $134,200 | $611,800 |
| 2021 | $9,568 | $693,300 | $134,200 | $559,100 |
| 2020 | $8,735 | $604,500 | $116,000 | $488,500 |
| 2019 | $8,651 | $572,900 | $110,200 | $462,700 |
| 2018 | $7,941 | $516,300 | $105,100 | $411,200 |
| 2017 | $7,472 | $471,100 | $85,700 | $385,400 |
| 2016 | $7,310 | $466,500 | $81,100 | $385,400 |
| 2015 | $6,874 | $418,900 | $73,100 | $345,800 |
Source: Public Records
Agents Affiliated with this Home
-
Haley Paster Scimone
Seller's Agent in 2025
Haley Paster Scimone
Gibson Sotheby's International Realty
(781) 367-5523
2 in this area
121 Total Sales
-
David Cutler
Seller's Agent in 2022
David Cutler
North Shore Realty Pros
(978) 869-8042
2 in this area
34 Total Sales
-
L
Seller's Agent in 2012
Linda Moutsoulas
Century 21 North East
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73446144
APN: SALE-000033-000000-000395
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.
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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