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75 Summer St APT 5, Salem, MA, 01970

2beds
1baths
760sqft
$464,900
$612price/sqft
$3,284/moest. monthly cost
$131,360/yrincome needed

About This Home

Open concept two bedroom, one bathroom penthouse condo with beautiful exposed brick, hardwood floors, large eat-in kitchen with stainless steel appliances, and in-unit laundry, This sunny corner unit features lots of windows with excellent natural light, abundant closet space, as well as additional basement storage, and one designated off-street parking space. Centrally located near Salem's vibrant downtown, the unit is in close proximity to the MBTA Commuter Rail Station to Boston or instead, stay in Salem and enjoy a variety of restaurants, trendy shops, a world class museum, tranquil waterfront and many other amenities Salem has to offer.

Getting Around

95
WalkingWalker's Paradise
39
TransitSome Transit
71
BikeVery Bikeable

Schools

5/10
Saltonstall SchoolGrades K-80.4 mi
--
Salem Prep High SchoolGrades 9-120.4 mi
6/10
Collins Middle SchoolGrades 6-80.4 mi

Construction

Condition

  • Year built: 1900

Materials

  • Construction materials: Brick

Notable Dates

  • Major remodel year: 1987

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Range,Microwave,Refrigerator,Freezer,Washer,Dryer
  • Laundry features: Third Floor,In Unit

Basement

  • Has basement: Yes

Bathroom1

  • Features: Bathroom - Full, Flooring - Stone/Ceramic Tile
  • Level: Third
  • Area: 80

Bedroom2

  • Features: Closet, Flooring - Hardwood
  • Level: Third
  • Area: 120

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Window features: Screens
  • Flooring: Wood,Tile
  • Finished area above ground: 760
  • Common walls with other units/homes: Corner

Heating & Cooling

  • Heating features: Baseboard,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 760
  • Total interior livable area: 760 sqft

Kitchen

  • Features: Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Open Floorplan
  • Level: Third
  • Area: 234

Living Room

  • Features: Flooring - Hardwood, Open Floorplan
  • Level: Third
  • Area: 195

Master Bedroom

  • Features: Closet, Flooring - Hardwood
  • Level: Third
  • Area: 144

Property

Details

  • Parcel number: M:25 L:0624 S:805,2132051
  • Attached to another structure: Yes
  • Zoning: R

Features

  • Entry location: Unit Placement(Upper)
  • Exterior features: Screens,Rain Gutters

Parking

  • Total spaces: 1
  • Parking features: Assigned,Paved
  • Has uncovered spaces: Yes
  • Uncovered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeModerate
  • Hurricane
    HurricaneModerate
  • Ice Storm
    Ice StormModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Earthquake
Hurricane
Ice Storm
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,350$28,200
Home Insurance *$140$1,680
Property Taxes $440$5,280
Electricity $354$4,259
Total$3,284$39,408
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$112,594/yr
40% on housing$98,520/yr
45% on housing$87,573/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$612This listing

vs Other Active Listings

Avg $/sqft

ZIP 01970$311
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01970$414
Essex County$387

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-07Listed for sale$469,900
2015-09-04Sold$193,000
2009-11-27Sold$175,000
2009-10-09Price change$179,900
2009-08-29Listed for sale$184,900
2007-03-15Sold$179,000
1997-03-03Sold$62,500
1987-07-01Sold$118,200

For Sale by Agent

AgentElizabeth Fair
BrokerageAluxety

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