Seller's Agent in 2025
Shannon McInnis
Coldwell Banker Realty - Lynnfield
(508) 531-3822
2 in this area
70 Total Sales
83 Summer St Salem, MA 01970
Downtown Salem Neighborhood
5
Beds
2
Baths
1,960
Sq Ft
1,542
Sq Ft Lot
About This Home
As of May 2025Step into the magic of Salem with this charming two-family home! Perfectly located near the train, downtown, and the bustling Pickering Wharf, this property offers the best of city convenience with a touch of historic charm. The vacant second unit offers 3 bedrooms and 1 bath, featuring a stylishly kitchen and bath, beautifully refinished hardwood floors, and brand-new appliances. The tenant-at-will first unit includes 2 bedrooms, 1 bath, and a versatile flex space—perfect for a home office or bonus room. This home has been thoughtfully maintained with a newer roof, updated electrical, recently replaced hot water tanks, and the added convenience of off-street parking. With modern updates and plenty of original charm, it’s the perfect opportunity to live in one unit and rent the other or expand your investment portfolio. Seize this enchanting opportunity—your Salem story begins here! Seller is a licensed real estate agent.
Last Agent to Sell the Property
Coldwell Banker Realty - Lynnfield Listed on: 03/26/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,162
Year Built
- Built in 1870
Lot Details
- 1,542 Sq Ft Lot
- Corner Lot
Parking
- 1 Car Parking Space
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
Interior Spaces
- 1,960 Sq Ft Home
- Property has 1 Level
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Community Details
- 2 Units
- Net Operating Income $30,600
Listing and Financial Details
- Total Actual Rent $2,550
- Assessor Parcel Number M:25 L:0639,2132108
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 26, 2025
Closed on
May 1, 2025
Sold by
Mcinnis Shannon
Bought by
Demiri Jorgaq and Demiri Sinorela
Seller's Agent
Shannon McInnis
Coldwell Banker Realty - Lynnfield
Buyer's Agent
AnnMarie Caldwell
Coldwell Banker Realty - Lexington
List Price
$749,900
Sold Price
$800,000
Premium/Discount to List
$50,100
6.68%
Views
38
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
-$53,963
Avg. Annual Appreciation
-9.50%
Original Mortgage
$450,000
Outstanding Balance
$447,606
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$298,431
Purchase Details
Listed on
Nov 2, 2022
Closed on
Dec 28, 2022
Sold by
83 Summer Street Salem Nt and Takis-Welch
Bought by
Mcinnis Shannon
Seller's Agent
Donna Lambert
Churchill Properties
Buyer's Agent
Joshua Green
Coldwell Banker Realty - Lynnfield
List Price
$649,000
Sold Price
$635,039
Premium/Discount to List
-$13,961
-2.15%
Views
127
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.37%
Original Mortgage
$416,178
Interest Rate
6.61%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 3, 2014
Sold by
Perroni Nancy
Bought by
83 Summer Street Salem and 83 Perroni
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $800,000 | None Available | |
| Quit Claim Deed | $800,000 | None Available | |
| Quit Claim Deed | $800,000 | None Available | |
| Quit Claim Deed | $635,039 | None Available | |
| Quit Claim Deed | $635,039 | None Available | |
| Quit Claim Deed | $635,039 | None Available | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $450,000 | Purchase Money Mortgage | |
| Closed | $450,000 | Purchase Money Mortgage | |
| Previous Owner | $416,178 | Commercial | |
| Previous Owner | $101,500 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/01/2025 05/01/25 | Sold | $800,000 | +6.7% | $408 / Sq Ft | |
| 04/02/2025 04/02/25 | Pending | -- | -- | -- | |
| 03/26/2025 03/26/25 | For Sale | $749,900 | +18.1% | $383 / Sq Ft | |
| 12/28/2022 12/28/22 | Sold | $635,039 | -2.2% | $324 / Sq Ft | View Prior Sale |
| 11/08/2022 11/08/22 | Pending | -- | -- | -- | |
| 11/06/2022 11/06/22 | For Sale | $649,000 | 0.0% | $331 / Sq Ft | |
| 11/06/2022 11/06/22 | Off Market | $649,000 | -- | -- | |
| 11/02/2022 11/02/22 | For Sale | $649,000 | -- | $331 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $6,432 | $567,200 | $187,500 | $379,700 |
| 2024 | $6,162 | $530,300 | $178,100 | $352,200 |
| 2023 | $5,970 | $477,200 | $164,400 | $312,800 |
| 2022 | $6,151 | $464,200 | $158,900 | $305,300 |
| 2021 | $5,839 | $423,100 | $148,000 | $275,100 |
| 2020 | $5,729 | $396,500 | $139,800 | $256,700 |
| 2019 | $5,672 | $375,600 | $132,600 | $243,000 |
| 2018 | $5,255 | $341,700 | $126,100 | $215,600 |
| 2017 | $4,888 | $308,200 | $106,300 | $201,900 |
| 2016 | $4,753 | $303,300 | $101,400 | $201,900 |
| 2015 | -- | $280,800 | $93,200 | $187,600 |
Source: Public Records
Agents Affiliated with this Home
-
Shannon McInnis
-
AnnMarie Caldwell
Buyer's Agent in 2025
AnnMarie Caldwell
Coldwell Banker Realty - Lexington
(781) 999-3430
1 in this area
33 Total Sales
-
Donna Lambert
Seller's Agent in 2022
Donna Lambert
Churchill Properties
(978) 360-0088
2 in this area
39 Total Sales
-
Joshua Green
Buyer's Agent in 2022
Joshua Green
Coldwell Banker Realty - Lynnfield
(978) 210-9226
4 in this area
24 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73350432
APN: SALE-000025-000000-000639
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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