NOT LISTED FOR SALE

Estimated Value: $313,000 - $354,000

1 Bed
1 Bath
635 Sq Ft
1950 Built

Last Sold January 13, 2012

Last sale price $59,900 $94 Per Sq Ft

Est. 458% increase in value since last sale

Current estimated payment $2,134/month

76 Days on Market

Highlights

  • Waterfront
  • Jogging Path
  • Baseboard Heating
  • Property is near public transit
  • Shops
  • 2-minute walk to Salem Common

About This Home

As of January 2012

Great location just off Historic Salem Common! Established, well managed complex. This lower level condo has plenty of windows offering good light, fresh paint, new stove and off street parking. Close by October 31, 2011 and request up to 3.5 % of the sales price to be used for closing cost assistance! See firm remarks for Special offers & more details or ask me. Eligibility restrictions apply.

Last Listed By

Elizabeth Wood

Tache Real Estate, Inc. Listed on: 08/10/2011

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1950

Home Design

  • Garden Home

Interior Spaces

  • 635 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Car Parking Space
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System

Additional Features

  • Waterfront
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 2136991

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include water, sewer, insurance, maintenance structure
  • 12 Units

Amenities

  • Shops
  • Laundry Facilities

Recreation

  • Jogging Path

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden
  • Year Built: 1950
  • Buyer Agency: 3
  • Buyer Agency Type: %
  • Entry Level: 1
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • ResoPropertyType: Residential
  • Special Features: 20
  • Stories: 1

Interior Features

  • Entry Location: Unit Placement(Below Grade)
  • Fireplace YN: No
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Master Bathroom Features: No
  • Bathroom 1 Level: Basement
  • Living Area: 635
  • Stories Total: 1
  • MAIN LO: C86500
  • LIST PRICE PER Sq Ft: 94.33
  • PRICE PER Sq Ft: 94.33
  • MAIN SO: an6181

Exterior Features

  • Waterfront Features: Beach Front, Bay, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public, City/Town Water, City/Town Sewer

Condo/Co-op/Association

  • Association Amenities: Hot Water, Laundry
  • Association Fee: 110
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Walk/Jog Trails
  • UNIT BUILDING: 2
  • MANAGEMENT: Owner Association

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure

Lot Info

  • Parcel Number: 2136991
  • Zoning: Res
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • PAGE: 101

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 1657.01
  • Tax Book Number: 17030

Multi Family

  • Number Of Units Total: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2011
Closed on
Jan 13, 2012
Sold by
Fnma
Bought by
Butler Nicholas E
Seller's Agent
Elizabeth Wood
Tache Real Estate, Inc.
Buyer's Agent
Tom Courtney
Coldwell Banker Realty - Lynnfield
List Price
$79,900
Sold Price
$59,900
Premium/Discount to List
-$20,000
-25.03%
Total Days on Market
76
Current Estimated Value
$334,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,504
Avg. Annual Appreciation
14.09%
Original Mortgage
$47,920
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2011
Sold by
Dow Stephen
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 2, 2001
Sold by
Wong Peter K
Bought by
Dow Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,850
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Butler Nicholas E $59,900 --
Federal National Mortgage Association $81,757 --
Dow Stephen $83,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Butler Nicholas E $32,000
Closed Dow Stephen $47,920
Previous Owner Dow Stephen $78,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2012 01/13/12 Sold $59,900 0.0% $94 / Sq Ft
10/24/2011 10/24/11 Pending -- -- --
10/13/2011 10/13/11 Price Changed $59,900 -20.0% $94 / Sq Ft
09/09/2011 09/09/11 Price Changed $74,900 -6.3% $118 / Sq Ft
08/09/2011 08/09/11 For Sale $79,900 -- $126 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,250 $286,600 $0 $286,600
2024 $3,137 $270,000 $0 $270,000
2023 $2,648 $211,700 $0 $211,700
2022 $2,329 $175,800 $0 $175,800
2021 $2,276 $164,900 $0 $164,900
2020 $2,204 $152,500 $0 $152,500
2019 $2,045 $135,400 $0 $135,400
2018 $1,961 $127,500 $0 $127,500
2017 $1,829 $115,300 $0 $115,300
2016 $1,691 $107,900 $0 $107,900
2015 $1,547 $94,300 $0 $94,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71272979

MLS Property Information Network (MLS PIN)

APN: SALE-000035-000000-000517-000802-000802