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16 Summer Street # 3, Salem MA 01970

Salem, MA 01970
$599,000
Est. $3,942/month
2
Beds
2.5
Baths
1,086
Sq Ft
$552
Price/Sq Ft
0.17
Acres
1800
Year Built
15
Days on Market
Closed Listed Apr 23, 2024 • MLS# 73227432 Copied!

About this home

Ideally located in the heart of Salem, this townhouse seamlessly integrates historic charm with modern convenience. Converted to condos in 2015, this McIntire Historic District association is pet-friendly and has low condo fees. This home radiates an air of timeless elegance coupled with contemporary comfort. Boasting two welcoming bedrooms, a thoughtfully equipped kitchen, and two and a half updated bathrooms (one with full-size laundry), it epitomizes sophistication at every corner. The wide pine flooring and expansive windows flood the interior with natural light. Additional amenities such as extra basement storage, two designated parking spots, and a shared patio space enhance its appeal. Positioned conveniently near the MBTA station, this location provides easy access to Salem's diverse culinary scene, vibrant cultural attractions, scenic waterfront, and the ferry to Boston.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1800
Bedrooms
2
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,086 sq ft
Total Rooms
5
Stories
2
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $589,000
Final Sale Price: $599,000
Difference: +$10,000 (+1.7%)
Performance Metrics
101.7%
List to Sale Ratio
Sold above asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $542
Sale $/sq ft: $552
This property sold for $552 per square foot
Sale Summary

This property sold for 1.7% 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 17 similar properties sold within 0.5 miles in the last 90 days

This Property
$552/sq ft
Area Average
$348/sq ft
Difference
+58.4%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1800
Living Area 1,086 sq ft
Lot Size 0.17 acres
Bedrooms 2
Full Baths 2
Half Baths 1
Total Rooms 5

Interior

Heating Forced Air, Natural Gas
Cooling Central Air, Individual
Flooring Wood, Tile
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Fireplace None
Basement Y
Laundry Second Floor, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

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

Parking

Features Off Street, Paved, Exclusive Parking
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer, Washer Hookup, Icemaker Connection

Financial

Annual Tax $6,060
Assessed Value $521,000

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Interior Features:
Windows: Storm Window(s)
Basement: Y
Laundry: Second Floor, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1800
Effective Year (Renovated): 2015
Structure Type: Townhouse
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air, Individual
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Paved, Exclusive Parking

Location

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Neighborhood

16 Summer Street # 3, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

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 $505
Homeowners Insurance $200
HOA Fee $208/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

1.7%
Price Range
16
Total Days on Market

Property Timeline

Sold
Jun 13, 2024
$599,000
Property sold
Days on Market: 16
🏠
Listed for Sale
Apr 23, 2024
$589,000
Original listing
Agent: Julie Andrews Office: Keller Williams Realty Evolution

Price & Status History

Date Event Price Change
Apr 23, 2024 New Listing Added $589,000

Market Statistics

Days on Market
15 days
Price per Sq Ft
$552

Tax History

Year Taxes Assessment
2024 $6,060 $521,000

Financial Details

Annual Property Tax
$6,060
Tax Year 2024
HOA Fee
$208
Monthly
Assessed Value
$521,000

Listing Information

Listing Agent Julie Andrews
Listing Office Keller Williams Realty Evolution
Agent MLS ID CN208379
Office MLS ID C95098
Listing Data Updated Jun 13, 2024 12:24 PM 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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