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12 Summit Avenue # 1, Salem MA 01970

Salem, MA 01970 • South Salem
$480,000
Est. $3,272/month
2
Beds
1
Baths
1,170
Sq Ft
$410
Price/Sq Ft
1890
Year Built
26
Days on Market
Closed Listed Jun 18, 2025 • MLS# 73393022 Copied!

About this home

A few blocks from Forest River Park, this spacious single-level two-bedroom condominium is a true surprise when you enter. You are greeted by an open layout, high ceilings, large windows, and a huge kitchen! Hardwood floors, stainless appliances, and plenty of counter and cabinet space plus a mudroom/laundry room make this space perfect for real life and entertaining! The primary bedroom has a large walk-in closet and is located adjacent to the full bathroom. The second bedroom also features two good-sized closets. Enjoy garage parking, abundant storage in the basement, and private porch for afternoon sitting! Located close to downtown shops and dining, this home is in the middle of all the fun Salem has to offer!

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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
5
Stories
1
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $484,900
Final Sale Price: $480,000
Difference: $4,900 (-1.0%)
Performance Metrics
99.0%
List to Sale Ratio
Sold below asking price
26
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $414
Sale $/sq ft: $410
This property sold for $410 per square foot
Sale Summary

This property sold for 1.0% below the original asking price.

With only 26 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
$410/sq ft
Area Average
$330/sq ft
Difference
+24.3%

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

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 5

Interior

Heating Baseboard, Natural Gas
Cooling None
Flooring Wood, Tile
Appliances Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry First Floor, In Unit
Features Mud Room

Exterior

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

Parking

Garage Spaces 1
Has Garage Yes
Features Detached
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,647
Assessed Value $409,800

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Interior Features: Mud Room
Windows:
Basement: Y
Laundry: First Floor, In Unit
Security:

Construction & Materials

Year Built: 1890
Effective Year (Renovated): 2005
Structure Type: 2/3 Family
Exterior Materials: Frame
Roof: Slate
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Heating Zones: 1
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

Location

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Neighborhood

South Salem

12 Summit Avenue # 1, 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 $387
Homeowners Insurance $200
HOA Fee $258/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%
Price Range
28
Total Days on Market

Property Timeline

Sold
Aug 25, 2025
$480,000
Property sold
Days on Market: 28
🏠
Listed for Sale
Jun 18, 2025
$484,900
Original listing
Agent: Merry Fox Team Office: MerryFox Realty

Price & Status History

Date Event Price Change
Jun 18, 2025 New Listing Added $484,900

Market Statistics

Days on Market
26 days
Price per Sq Ft
$410

Tax History

Year Taxes Assessment
2025 $4,647 $409,800

Financial Details

Annual Property Tax
$4,647
Tax Year 2025
HOA Fee
$258
Monthly
Assessed Value
$409,800

Listing Information

Listing Agent Merry Fox Team
Listing Office MerryFox Realty
Agent MLS ID TEAM0226
Office MLS ID C95279
Listing Data Updated Aug 25, 2025 3:22 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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