51 Summit Ave
Salem, MA 01970
4 bd 3 ba 4,439 sqft Built 1880 Lot 7,161 sqft multi_family
Most recent sale
$905,000
May 27, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 31, 2024 | Sold | $972,000 | MLSPIN |
| Jun 17, 2024 | Listed | $989,000 | MLSPIN |
| May 27, 2022 | Sold | $905,000 | MLS #72956547 |
| Apr 6, 2022 | Relisted | $814,999 | MLS #72956547 |
| Mar 23, 2022 | Listed | $814,999 | MLS #72956547 |
| Sep 28, 2007 | Listing removed | $529,900 | MLSPIN |
| Sep 28, 2007 | Sold | $493,500 | Public Record |
| Jun 15, 2007 | Listed | $529,900 | MLS #70598972 |
| Nov 12, 2006 | Listing removed | $549,000 | MLSPIN |
| Aug 11, 2006 | Listed | $549,000 | MLS #70439135 |
| Aug 5, 2006 | Listing removed | $549,000 | MLSPIN |
| Jun 23, 2006 | Listed | $549,000 | MLS #70412174 |
| Apr 26, 2006 | Listed | $549,000 | MLS #70374523 |
| Jan 1, 1979 | Sold | $64,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $783,400 | $216,300 | $999,700 | $11,337 |
| 2024 | $693,300 | $205,500 | $898,800 | $10,444 |
| 2023 | $631,200 | $189,700 | $820,900 | $10,269 |
| 2022 | $585,200 | $183,400 | $768,600 | $10,184 |
| 2021 | $529,300 | $170,700 | $700,000 | $9,660 |
| 2020 | $485,500 | $161,300 | $646,800 | $9,346 |
| 2019 | $394,400 | $153,000 | $547,400 | $8,266 |
| 2018 | $340,400 | $145,500 | $485,900 | $7,473 |
| 2017 | $318,700 | $122,700 | $441,400 | $7,001 |
| 2016 | $318,700 | $117,000 | $435,700 | $6,827 |
| 2015 | $297,500 | $107,500 | $405,000 | $6,646 |
| 2014 | $254,300 | $107,500 | $361,800 | $6,053 |
| 2006 | $263,500 | $138,600 | $402,100 | $4,508 |
| 2005 | $248,400 | $128,400 | $376,800 | $4,288 |
| 2004 | $234,400 | $118,900 | $353,300 | $4,137 |
| 2003 | $138,600 | $134,200 | $272,800 | $3,511 |
Property facts
Year built
1880
Property type
multi_family
Stories
3
Beds
4
Baths
3
Living area
4,439 sqft
Lot size
7,161 sqft
ZIP code
01970
City
Salem
Street
Summit Ave
Coordinates
42.50744, -70.88951
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$5,430
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 51 Summit Ave last sell?
51 Summit Ave most recently sold on May 27, 2022 for $905,000.
What is the current tax assessment for 51 Summit Ave?
The most recent total assessment for 51 Summit Ave (year 2025) is $999,700 with $11,337 in property tax.
How does 51 Summit Ave's assessment compare to its last sale price?
The current assessment is 10.5% above the last sale price of $905,000.
When was 51 Summit Ave built?
51 Summit Ave was built in 1880.
How does 51 Summit Ave compare to others on Summit Ave?
We track 7 other properties on Summit Ave. Browse the list under "Other properties on Summit Ave" to compare beds, baths, and sale history.
What are the property facts for 51 Summit Ave?
51 Summit Ave is a 4 bed, 3 bath, 4,439 sqft, 7,161 sqft lot multi_family.
Is 51 Summit Ave a flip candidate?
No — 51 Summit Ave does not appear in our flips dataset.
Is 51 Summit Ave a tax-appeal candidate?
No — 51 Summit Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
0.0%
Implied 1-yr
-0.1%
2026 Q3
$565.8K
2026 Q4
$565.7K
ZIP 01970 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Summit Ave