86-88 Summer St, Salem MA 01970

Salem, MA 01970
$675,000
Est. $4,383/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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3
Beds
2.5
Baths
2,432
Sq Ft
$278
Price/Sq Ft
0.23
Acres
1870
Year Built
6
Parking
New today
Time on Market
For Sale Listed Nov 10, 2026 • MLS# 73600589 Copied! • Updated Nov 10, 2026

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About this home

Three-bedroom, 2.5-bath home offering approximately 1,602 square feet PLUS a separate, detached two-bedroom home—all on one lot! This unique layout offers potential for an in-law living arrangement or the opportunity to live in one home and generate rental income from the other, subject to applicable requirements. Located at 86–88 Summer Street, both residences feature private entrances, independent living spaces, and no shared walls. The larger home at 88 Summer Street offers 3 bedrooms and 2.5 bathrooms, while 86 Summer Street provides approximately 830 square feet with 2 bedrooms and 1 full bathroom. Both homes need improvements, presenting an opportunity to build equity through renovation and bring your vision to life. Six off-street parking spaces, with rear access from Downing Street, add exceptional convenience in downtown Salem. Conveniently located near restaurants, shops, the waterfront, and commuter rail service to Boston. Two detached homes with flexible living options and income potential!

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Price & Status History

Property Timeline

🏠
Listed for Sale
Nov 10, 2026
$675,000
Original listing
Agent: Herrick Lutts Realty Partners Office: Herrick Lutts Realty Partners

Tax History

Year Taxes Assessment
2026 $9,242 $857,300

Financial Details

Annual Property Tax
$9,242
Tax Year 2026
Assessed Value
$857,300

Facts & Features

Home Facts

Type Residential
Style Single Family Residence
Year Built 1870
Living Area 2,432 sq ft
Lot Size 0.23 acres
Bedrooms 3
Full Baths 2
Half Baths 1
Total Rooms 5

Interior

Heating Oil
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full, Unfinished
Laundry None
Features None

Exterior

Construction Frame
Architecture Other (see Remarks)
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive, Off Street
Total Spaces 6
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $9,242
Assessed Value $857,300
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures Property Will Not Qualify For Traditional Financing, Cash, Possibly Construction/rehab Finance Is Preferred
Possession None
Accepted Financing None
Structure Type []
House Color white/grey
Sq Ft Source Public Record
Documents None
County Essex

Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1870
Bedrooms
3
Full Bathrooms
2
Half Bathrooms
1
Living Area
2,432 sq ft
Total Rooms
5

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Full, Unfinished
Laundry:
Security:

Construction & Materials

Style: Other (See Remarks)
Year Built: 1870
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter, Stone

Utilities & Systems

Heating: Oil
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 6
Parking Features: Paved Drive, Off Street
School District
Salem School District local
B-
⚠ School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
↓ 1.9% below state avg
E

Elementary Schools

9 schools
The Phoenix School
0.7 mi
Grades PK-08
The Greenhouse School
1.3 mi
Grades PK-08
C+
Saltonstall School
0.4 mi | #525 of 825 | Score: 43.9
Improved 43 spots from last year
-14.3 below state avg
267 students Diverse
Rising School Diverse Student Body Strong Attendance
Grades K-05
C
Horace Mann Laboratory School
0.9 mi | #654 of 825 | Score: 38.1
Improved 67 spots from last year
-20.1 below state avg
320 students Diverse
Rising School Diverse Student Body
Grades PK-05
B-
Carlton School
1.1 mi | #470 of 825 | Score: 45.5
Dropped 49 spots from last year
-12.7 below state avg
249 students Diverse
Diverse Student Body
Grades K-05
B
Witchcraft Heights School
1.1 mi | #340 of 825 | Score: 49.4
Improved 210 spots from last year
-8.8 below state avg
465 students Diverse
Rising School Diverse Student Body
Grades K-05
C+
Bentley Academy Innovation School
1.3 mi | #531 of 825 | Score: 43.7
Improved 180 spots from last year
-14.5 below state avg
277 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.3 mi
107 students Diverse
Diverse Student Body
Grades PK
B+
Bates School
1.4 mi | #319 of 825 | Score: 50.0
Improved 260 spots from last year
-8.2 below state avg
415 students Diverse
Rising School Diverse Student Body
Grades PK-05
M

Middle Schools

1 school
B-
Collins Middle School
0.4 mi | #203 of 352 | Score: 40.3
Improved 76 spots from last year
-17.9 below state avg
753 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
0.6 mi | #141 of 346 | Score: 57.0
Improved 95 spots from last year
-1.2 below state avg
477 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B+
Salem High School
1.0 mi | #124 of 346 | Score: 58.3
Dropped 4 spots from last year
+0.1 above state avg
960 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $770
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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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.

Location

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Neighborhood

86-88 Summer St, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Herrick Lutts Realty Partners
Listing Office Herrick Lutts Realty Partners
Office Phone 978-927-1959
Agent MLS ID TM312527
Office MLS ID AN6507
Listing Data Updated Nov 10, 2026 11:04 AM EST
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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Steve Novak Real Estate
Steve Novak Real Estate
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