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12 Summit Avenue # 1, Salem MA 01970

Salem, MA 01970
$341,500
Est. $2,429/month
2
Beds
1
Baths
1,170
Sq Ft
$292
Price/Sq Ft
1890
Year Built
15
Days on Market
Closed Listed Jun 5, 2019 • MLS# 72513205 Copied!

About this home

Location Location Location! Absolutely beautiful Victorian style home featuring 1st floor living situated right in the heart of Salem. This home will check all of your boxes: open concept living, high ceilings, bay windows with tons of natural sunlight, large bedrooms with plenty of closet space, hardwood floors throughout, antique fireplace, eat-in kitchen, stainless steel appliances, granite countertops, tons of cabinet space, in-unit laundry/mudroom, cedar closet, exclusive garage parking, newer Harvey windows, newer high efficiency heating system and plenty of storage space in the basement. Additionally it's also conveniently situated just 2 blocks from the ocean and in close proximity to Forest River Park, Salem State University, Downtown Salem, Pickering Wharf, the Salem Commuter Rail, Salem Commons and Routes 1A, 114 & 107. This is the one you don't want to miss out on! Open Houses Saturday & Sunday 12-1:30. Offers are due Tuesday 6/11/19 at 2pm.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1890
Bedrooms
2
Full Bathrooms
1
Living Area
1,170 sq ft
Total Rooms
6
Stories
3
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $319,000
Final Sale Price: $341,500
Difference: +$22,500 (+7.1%)
Performance Metrics
107.1%
List to Sale Ratio
Sold above asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $273
Sale $/sq ft: $292
This property sold for $292 per square foot
Sale Summary

This property sold for 7.1% above the original asking price, indicating strong buyer demand.

With only 15 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 8 similar properties sold within 0.5 miles in the last 90 days

This Property
$292/sq ft
Area Average
$384/sq ft
Difference
24.0%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Condominium
Year Built 1890
Living Area 1,170 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 6

Interior

Heating Baseboard, Natural Gas
Cooling None
Flooring Tile, Hardwood
Appliances Range, Dishwasher, Washer, Dryer, Energy Star Qualified Refrigerator
Fireplace Dining Room
Fireplaces 1
Basement Y
Laundry First Floor, In Unit, Washer Hookup
Features Mud Room

Exterior

Construction Frame
Architecture None
Roof None
Features Porch
Pool None
Spa None
Fencing None
Patio/Porch Porch

Parking

Garage Spaces 1
Has Garage Yes
Features Detached, Off Street, On Street
Total Spaces 1

Utilities

Electric Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, Washer Hookup

Financial

Annual Tax $3,924
Assessed Value $259,900

Interior Features

Flooring: Tile, Hardwood
Appliances: Range, Dishwasher, Washer, Dryer, ENERGY STAR Qualified Refrigerator
Interior Features: Mud Room
Windows:
Basement: Y
Laundry: First Floor, In Unit, Washer Hookup
Security:

Construction & Materials

Year Built: 1890
Effective Year (Renovated): 2005
Structure Type: Detached
Exterior Materials: Frame
Roof:
Foundation:
Stories: 3

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 1
Parking Features: Detached, Off Street, On Street

Special Features

Fireplaces: 1
Fireplace Type: Dining Room
Community Amenities: Public Transportation, Pool, Tennis Court(s), Park, Walk/Jog Trails, University

Location

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Neighborhood

12 Summit Avenue # 1, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School District
Salem School District local
B-
School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
1.9% below state avg
E

Elementary Schools

9 schools
The Greenhouse School
0.9 mi
Grades PK-08
The Phoenix School
1.2 mi
Grades PK-08
B-
Saltonstall School
0.2 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
C-
Horace Mann Laboratory School
1.0 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
C+
Bentley Academy Innovation School
1.4 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.4 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Carlton School
1.5 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
B
Witchcraft Heights School
1.6 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
B+
Bates School
1.9 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
M

Middle Schools

1 school
C+
Collins Middle School
0.8 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
0.5 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.1 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $327
Homeowners Insurance $200
HOA Fee $175/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

41.7%
Price Range
23
Total Days on Market
2
Previous Sales

Property Timeline

Previous Transaction - MLS #73393022
Full transaction history available when tracking began
🏷️
Previously Sold
Aug 25, 2025
$480,000
MLS #73393022
Sold
Jul 15, 2019
$341,500
Property sold
Days on Market: 23
🏠
Listed for Sale
Jun 5, 2019
$319,000
Original listing
Agent: Jason Berroa Office: RE/MAX 360
Previous Transaction - MLS #72027119
Full transaction history available when tracking began
🏷️
Previously Sold
Jul 25, 2016
$280,000
MLS #72027119

Price & Status History

Date Event Price Change
Aug 25, 2025 Sold $480,000
Jun 5, 2019 New Listing Added $319,000
Jul 25, 2016 Sold $280,000

Market Statistics

Days on Market
15 days
Price per Sq Ft
$292

Tax History

Year Taxes Assessment
2019 $3,924 $259,900

Financial Details

Annual Property Tax
$3,924
Tax Year 2019
HOA Fee
$175
Monthly
Assessed Value
$259,900

Listing Information

Listing Agent Jason Berroa
Listing Office RE/MAX 360
Agent MLS ID CN219516
Office MLS ID AN4305
Listing Data Updated Jul 18, 2019 10:37 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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