NOT LISTED FOR SALE

51 Summit Ave Salem, MA 01970

South Salem Neighborhood

Estimated Value: $992,000 - $1,123,000

4 Beds
3 Baths
4,439 Sq Ft
$240/Sq Ft Est. Value

Sale Details

Date Sold: July 31, 2024

Last sale price $972,000 $219 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,835 / mo

8 Days on Market

Highlights

  • Marina
  • Waterfront
  • Property is near public transit and schools
  • Medical Services
  • Open Floorplan
  • 4-minute walk to Forest River Park

About This Home

As of July 2024

Exceptional 2 Family Victorian around the corner from beautiful Forest River Park, beach & minutes to Salem State University. Perfect home for family+in-law/rental/Air B&B. Lovely combination of old & new. High ceilings, HW floors, hand-crafted moldings, large windows, & pocket doors. "Owner's" unit consists of two floors with central air. Renovated kitchen w/ custom cabinets, granite counters, large island and breakfast nook, 2-bedrooms, tiled bath, LR & DR. Entire top story is the primary suite which includes bath, walk-in closet, laundry & storage. First floor is a charming, light filled 1-bedroom, 1-bath unit with large LR, DR w/ FP, & kitchen. Walk-out basement with classic bar. Detached, oversized garage. Low maintenance backyard. Please allow 48 hours for offer to be reviewed.

Last Agent to Sell the Property

Mimi Smith

J. Barrett & Company Listed on: 06/17/2024

Last Buyer's Agent

Iris Goldman

Coldwell Banker Realty - Marblehead

Coldwell Banker Realty - Marblehead

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,444

Year Built

  • Built in 1880

Lot Details

  • 7,161 Sq Ft Lot
  • Waterfront
  • Level Lot

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 4,439 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Crown Molding
  • Cathedral Ceiling
  • Skylights
  • Gas Fireplace
  • Insulated Windows
  • Insulated Doors
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Storage

Kitchen

  • Range with Range Hood
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Patio
  • Rain Gutters
  • Porch

Schools

  • Collins Middle School
  • Salem High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Hot Water Heating System
  • High Speed Internet

Additional Features

  • Energy-Efficient Thermostat
  • Property is near public transit and schools

Listing and Financial Details

  • Assessor Parcel Number M:33 L:0721,2135351

Community Details

Overview

  • 2 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,444

Year Built

Built in 1880

Lot Details

7,161 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1880
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood, Tile, Hardwood
  • Interior Amenities: Cathedral/Vaulted Ceilings, High Speed Internet, Walk-In Closet(s), Bathroom with Shower Stall, Open Floorplan, Pantry, Storage, Crown Molding, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Remodeled, Living Room, Dining Room, Kitchen, Office/Den, Family Room
  • Door Features: Insulated Doors
  • Fireplace Features: Gas
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Range Hood, Disposal
  • Total Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup
  • Basement: Full, Partially Finished, Walk-Out Access
  • Living Area: 4439
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Skylight(s), Insulated Windows
  • MAIN LO: C95243
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Balcony/Deck, Rain Gutters
  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Patio
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, Washer Hookup
  • Cooling: Window Unit(s), Central Air
  • Heating: Hot Water, Oil, Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Oil, Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, House of Worship, Marina, Private School, Public School, T-Station, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:33 L:0721,2135351
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 7161
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 10444

Multi Family

  • Number Of Units Total: 2
  • LEVELS 1: 1
  • Basement Included Sq Ft: Yes
  • LEASE 2: N
  • LEASE 1: N

MLS Schools

  • High School: Salem High
  • Middle Or Junior School: Collins

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
Jun 17, 2024
Closed on
Jul 25, 2024
Sold by
Bought by
Seller's Agent
Mimi Smith
J. Barrett & Company
Buyer's Agent
Iris Goldman
Coldwell Banker Realty - Marblehead
List Price
$989,000
Sold Price
$972,000
Premium/Discount to List
-$17,000
-1.72%
Views
27
Current Estimated Value
$1,090,495

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,495
Avg. Annual Appreciation
4.90%

Purchase Details

Listed on
Mar 23, 2022
Closed on
May 27, 2022
Sold by
Bought by
Seller's Agent
Jennifer Crowe
Atlantic Coast Homes,Inc
Buyer's Agent
Mimi Smith
J. Barrett & Company
List Price
$814,999
Sold Price
$905,000
Premium/Discount to List
$90,001
11.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.33%
Original Mortgage
$555,000
Interest Rate
0.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,600
Interest Rate
0.0473%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,500
Interest Rate
0.0665%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
$972,000 None Available
$905,000 None Available
-- --
$493,500 --
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
Closed $150,000
Closed $25,862
Closed $555,000
Closed $386,600
Closed $393,500
Closed $65,000
Closed $40,000
Closed $25,000
Closed $50,000
Closed $50,000
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 Prior Sale
07/31/2024 07/31/24 Sold $972,000 -1.7% $219 / Sq Ft
06/26/2024 06/26/24 Pending -- -- --
06/17/2024 06/17/24 For Sale $989,000 +9.3% $223 / Sq Ft
05/27/2022 05/27/22 Sold $905,000 +11.0% $204 / Sq Ft View Prior Sale
03/28/2022 03/28/22 Pending -- -- --
03/23/2022 03/23/22 For Sale $814,999 -- $184 / 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 $11,337 $999,700 $216,300 $783,400
2024 $10,444 $898,800 $205,500 $693,300
2023 $10,269 $820,900 $189,700 $631,200
2022 $10,184 $768,600 $183,400 $585,200
2021 $9,660 $700,000 $170,700 $529,300
2020 $9,346 $646,800 $161,300 $485,500
2019 $8,266 $547,400 $153,000 $394,400
2018 $7,473 $485,900 $145,500 $340,400
2017 $7,001 $441,400 $122,700 $318,700
2016 $6,827 $435,700 $117,000 $318,700
2015 $6,646 $405,000 $107,500 $297,500
Source: Public Records

Agents Affiliated with this Home

  • Mimi Smith

    Seller's Agent in 2024

    Mimi Smith

    J. Barrett & Company

    (978) 828-4430

    2 in this area

    2 Total Sales

    Mimi Smith
    Section Image

  • I

    Buyer's Agent in 2024

    Iris Goldman

    Coldwell Banker Realty - Marblehead

    (781) 254-5372

    1 in this area

    17 Total Sales

    Iris Goldman
    Section Image
  • Jennifer Crowe

    Seller's Agent in 2022

    Jennifer Crowe

    Atlantic Coast Homes,Inc

    (978) 505-1158

    3 in this area

    45 Total Sales

    Jennifer Crowe
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73253398

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000721

Massachusetts Essex County Salem 01970 South Salem

51 Summit Ave, Salem, 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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