83 Summer St, Salem MA 01970

Salem, MA 01970
$800,000
Est. $4,258/month
5
Beds
2
Baths
1,960
Sq Ft
$408
Price/Sq Ft
0.04
Acres
1870
Year Built
Multi Family
Type
6
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73350432

About this home

Step 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.

Sale Statistics

Sale Overview
Original List Price: $749,900
Final Sale Price: $800,000
Difference: +$50,100 (+6.7%)
Performance Metrics
106.7%
List to Sale Ratio
Sold above asking price
6
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $383
Sale $/sq ft: $408
This property sold for $408 per square foot
Sale Summary

This property sold for 6.7% above the original asking price, indicating strong buyer demand.

With only 6 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
1870
Bedrooms
5
Full Bathrooms
2
Living Area
1,960 sq ft
Total Rooms
12
Stories
2
Levels
2

Interior Features

Has Fireplace
No
Basement Details
Full, Unfinished

Exterior & Structure

Construction Materials
Frame
Foundation
Stone, Brick/Mortar
Has Spa
No
Waterfront Features
Ocean
Waterfront Property
No

Lot & Land

Lot Size
0.04 acres
Lot Size
1,542 sq ft
Lot Size Area
0.0400
Lot Features
Corner Lot
Road Surface Type
Paved
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

Senior Community
No

Financial & Tax Information

Annual Tax Amount
$6,162
Tax Year
2024
Tax Assessed Value
$530,300
Parcel Number
M:25 L:0639,2132108
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Exclusions
Tenants Belongings

Location

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Neighborhood

83 Summer St, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $514
Homeowners Insurance $200
PMI $0

Property History

Market Insights

6.3%
Price Range
7
Total Days on Market

Property Timeline

Sold
May 1, 2025
$800,000
Property sold
Days on Market: 7
🏠
Listed for Sale
Mar 26, 2025
$749,900
Original listing
Agent: Shannon McInnis Office: Keller Williams Realty Evolution

Price & Status History

Date Event Price Change
Mar 26, 2025 New Listing Added $749,900

Market Statistics

Days on Market
6 days
Price per Sq Ft
$408

Tax History

Year Taxes Assessment
2024 $6,162 $530,300

Financial Details

Annual Property Tax
$6,162
Tax Year 2024
Assessed Value
$530,300

Listing Information

Listing Agent Shannon McInnis
Listing Office Keller Williams Realty Evolution
Agent MLS ID CN254155
Office MLS ID C95098

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