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Sold on 04/27/2006
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20 Summit St, Salem, MA 01970

$754,000

Last sold 04/27/2006 for $365K

  • 4

    bed

  • 2

    bath

  • 1,584

    Sqft ($230/Sqft)

Multi-family not for sale
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About 20 Summit St

Property type Multi-family
Neighborhood
Year built 1870
HOA fee $0/month
Lot size 0.28 Acre
Movoto estimate
Rental estimate
Property description
Gallows Hill Park neighborhood HUGE 12,000 SF lot(runs from Summit St to Ober St) offers maximum potential for this 2-family with 1st floor 1 BR unit (previous rent $850) & 2nd floor 3 BR townhouse (current rent $1350) Historic charm & character throughout including fireplaced living rooms, variety of wood flooring & detail mouldings. Excellent as rental property, owner-occupied, or enjoy all the land to yourself & renovate into a single family! OPPORTUNITY KNOCKS!
Listed by
Listing Agent - Paul Herrick
Listing Office - Keller Williams Realty Evolution
Source: MLS Property Information Network, Inc. mls logo
MLS#70368477 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 5 minutes ago
Overview
Levels/Style 3, 3
MLS # 70368477
Type Residential Income
Status Closed
SubType Multi Family
SqFt 1584
Lot Size (SqFt) 12000
Lot Size (Acres) 0.27
Annual Property Tax 3857
Year Built 1870
Interior
Total # of Bathrooms 2
# Full Baths 2
Total # of Bedrooms 4
Total # of Rooms 8
Flooring Wood, Vinyl, Carpet
# Fireplaces 2
Interior Features Living Room, Kitchen
Exterior
Foundation Stone, Brick/Mortar
Roof Shingle
Construction Frame
Parking Desc Paved Drive, Off Street
# Parking Spaces 3
Amenities / Utilities
Sewer Public Sewer, City/Town Sewer
Water Source Public, City/Town Water
Location
County Essex
Zoning R1
APN 2128579
Directions Boston To Hanson To Butler To Summit. Parking Accessed On Ober Street.
Multifamily Details
Rent Includes Unit 1(Heat, Water), Unit 2(Heat, Water)
Net Operating Income 26400
Total Actual Rent 2200
Gross Income 26400
$754K
Range: $663K-$844K
Last 30 days 
Rental est.: $14,314/month
Gross rent multiplier: 2.1 - Excellent
  • Nov 2017
    mls logo MLS # 72259231
  • Nov 28, 2017 Listed
    $320,000 (-12.3%)
  • May 2006
    mls logo MLS # 70368477
  • May 31, 2006 Sold
    $365,000
  • Apr 17, 2006 Listed
    $364,999 (+21.7%)
  • May 2006
    Public Records
  • May 31, 2006 Sold
    $365,000
  • Sep 2002
    Public Records
  • Sep 27, 2002 Sold
    $300,000
  • Year Property taxes Tax assessment
  • 2025
    $7,129 +4.4%
    $628,700 +6.94%
  • 2024
    $6,831 -18.8%
    $587,900 +11.53%
  • 2023
    $8,415 +26.5%
    $527,100 +5.02%
  • 2022
    $6,650 +5.1%
    $501,900 +9.49%
  • 2021
    $6,326 +0.4%
    $458,400 +5.09%
  • 2020
    $6,303 +1.3%
    $436,200 +5.82%
  • 2019
    $6,224 +10.1%
    $412,200 +12.13%
  • 2018
    $5,654 +3.5%
    $367,600 +6.74%
  • 2017
    $5,462 +1.2%
    $344,400
  • 2016
    $5,397
    —
  • 20 Summit St
    $365K
  • South Salem
    $582K 0% y/y
  • 01970
    $617K -4% y/y
  • Salem
    $579K -1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Horace Mann Laboratory
public Grades PK, K-5
Salem School District
5/10
Bates Elementary School
public Grades PK, K-5
Salem School District
5/10
Witchcraft Heights Elementary School
public Grades K-5
Salem School District
3/10
Collins Middle School
public Grades 6-8
Salem School District
3/10
Salem High School
public Grades 9-12
Salem School District
Source: GreatSchools.org © 2026. All rights reserved.

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