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51 Summit Ave, Salem MA 01970

Salem, MA 01970
$972,000
Est. $5,173/month
4
Beds
3
Baths
4,439
Sq Ft
$219
Price/Sq Ft
0.16
Acres
1880
Year Built
Multi Family
Type
22
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73253398

About this home

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.

Sale Statistics

Sale Overview
Original List Price: $989,000
Final Sale Price: $972,000
Difference: $17,000 (-1.7%)
Performance Metrics
98.3%
List to Sale Ratio
Sold below asking price
22
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $223
Sale $/sq ft: $219
This property sold for $219 per square foot
Sale Summary

This property sold for 1.7% below the original asking price.

With only 22 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Multi Family
Property Category
Residential Income
Year Built
1880
Bedrooms
4
Full Bathrooms
3
Living Area
4,439 sq ft
Total Rooms
10
Stories
3
Levels
3

Interior Features

Flooring
Wood, Tile, Hardwood
Heating
Hot Water, Oil, Forced Air, Natural Gas
Has Heating
Yes
Cooling
Window Unit(s), Central Air
Has Cooling
Yes
Fireplace Features
Gas
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer, Range Hood, Disposal
Interior Features
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
Laundry Features
Washer Hookup
Basement Details
Full, Partially Finished, Walk-Out Access
Window Features
Skylight(s), Insulated Windows
Door Features
Insulated Doors

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Stone, Brick/Mortar
Exterior Features
Balcony/Deck, Rain Gutters
Patio/Porch Features
Porch, Patio
Has Spa
No
Waterfront Features
Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.16 acres
Lot Size
7,161 sq ft
Lot Size Area
0.1600
Lot Features
Level
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
4
Parking Features
Paved Drive, Off Street

Utilities & Systems

Utilities Available
for Gas Range, for Gas Oven, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Energy Efficient Features
Thermostat

Community & HOA

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

Financial & Tax Information

Annual Tax Amount
$10,444
Tax Year
2024
Tax Assessed Value
$898,800
Parcel Number
M:33 L:0721,2135351
Zoning
R1

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Utilities are not completely separated. Gas stove on 1st floor is on second floor gas meter. Electric updated/not completely separated. Appliances left as gifts with no warranties or guarantees.

Location

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Neighborhood

51 Summit Ave, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

Middle School
Collins
Rating information coming soon
High School
Salem High
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $870
Homeowners Insurance $200
PMI $0

Property History

Market Insights

1.7%
Price Range
24
Total Days on Market

Property Timeline

✓
Sold
Jul 31, 2024
$972,000
Property sold
Days on Market: 24
🏠
Listed for Sale
Jun 17, 2024
$989,000
Original listing
Office: J. Barrett & Company

Price & Status History

Date Event Price Change
Jun 17, 2024 New Listing Added $989,000 —

Market Statistics

Days on Market
22 days
Price per Sq Ft
$219

Tax History

Year Taxes Assessment
2024 $10,444 $898,800

Financial Details

Annual Property Tax
$10,444
Tax Year 2024
Assessed Value
$898,800

Listing Information

Listing Agent Mimi Smith
Listing Office J. Barrett & Company
Agent MLS ID C9500498
Office MLS ID C95243

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