NOT LISTED FOR SALE

1 Broad St Unit 7 Salem, MA 01970

Broad Street Neighborhood

Estimated Value: $429,000 - $502,000

2 Beds
1 Bath
967 Sq Ft
1900 Built

Last Sold April 30, 2020

Last sale price $385,700 $399 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,916/month

7 Days on Market

About This Home

As of April 2020

Salem's historic McIntire District is home to One Broad Street - where elegant architecture meets vibrant city living. Enter your home - the original Salem State University - and fall in love with your soaring 11' ceilings and 8' high windows that allow natural light to pour into your open living space. Enjoy cooking in your tasteful kitchen featuring less than 1-year-old appliances, a tiled backsplash, and granite counters. Make your life comfortable with amenities like central cooling, elevator access, heated whirlpool tub, in-unit laundry, and extra storage. This condo has the rare added value of having TWO DEEDED parking spaces - only 2 of 12 units offer this! This highly desirable location will enhance your day to day lifestyle. Just steps from award-winning restaurants, quaint shops, nightlife/attractions, Salem Waterfront, and Commuter Rail to Boston. This home offers the unique, yet perfect, blend of historic charm and modern amenities. Welcome home! OPEN HOUSE 3/7-3/8 11-1pm

Last Agent to Sell the Property

The Movement Group

Compass Listed on: 03/05/2020

Compass

Co-Listed By

Torin Hanlon

Compass

Last Buyer's Agent

Jessica Schenkel

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,944

Year Built

  • Built in 1900

Utilities

  • Central Air
  • Heat Pump System

Additional Features

  • Basement

Community Details

  • Call for details about the types of pets allowed

Listing and Financial Details

  • Assessor Parcel Number M:25 L:0663 S:807

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,944

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Other Agent: 1.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 381.59
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Unit Building: 7
  • Unit Level: 2
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1900

Interior Features

  • No Bedrooms: 2
  • Full Bathrooms: 1
  • No Rooms: 4
  • Basement: Y
  • No Living Levels: 1
  • Main Lo: AN2383
  • Main So: AN4471
  • Estimated Sq Ft: 967.00

Exterior Features

  • Beachfront Flag: Yes
  • Exterior: Brick

Garage/Parking

  • Parking Feature: Off-Street, Assigned, Deeded
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Central Air
  • Heating: Heat Pump, Electric

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, T-Station, University
  • HOA Fees: 252.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Elevator, Exterior Maintenance, Landscaping, Snow Removal, Refuse Removal
  • Condo Association: Yes

Association/Amenities

  • Condominium Name: One Broad Street Condominiums

Lot Info

  • Assessments: 283700.00
  • Page: 1358
  • Parcel Number: M:25 L:0663 S:807

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 4099.00
  • Assessor Parcel Number: 2132101

Multi Family

  • No Units: 12
  • No Units Owner Occ: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2020
Closed on
Apr 23, 2020
Sold by
Damegreene Susan
Bought by
Jones Jill E
Seller's Agent
The Movement Group
Compass
Buyer's Agent
Jessica Schenkel
William Raveis R.E. & Home Services
List Price
$369,000
Sold Price
$385,700
Premium/Discount to List
$16,700
4.53%
Current Estimated Value
$472,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,650
Avg. Annual Appreciation
3.78%
Original Mortgage
$150,000
Outstanding Balance
$133,379
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$338,971

Purchase Details

Closed on
Jan 25, 2005
Sold by
Wagman Nicholas E and Damegreene Susan
Bought by
Damegreene Susan

Purchase Details

Closed on
Sep 12, 2002
Sold by
Schild Leanne M
Bought by
Wagman Nicholas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,900
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 29, 1999
Sold by
Heenan Erin Doherty
Bought by
Schild Leanne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 1993
Sold by
Bouyer Mark J
Bought by
Doherty Erin

Purchase Details

Closed on
Aug 1, 1989
Sold by
Singleton Philip
Bought by
Bouyer Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,600
Interest Rate
9.9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Jones Jill E $385,700 None Available
Damegreene Susan -- --
Wagman Nicholas E $219,900 --
Schild Leanne M $127,700 --
Doherty Erin $74,000 --
Bouyer Mark $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Jill E $150,000
Previous Owner Bouyer Mark $197,900
Previous Owner Bouyer Mark $100,000
Previous Owner Bouyer Mark $93,600
Closed Bouyer Mark $14,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2020 04/30/20 Sold $385,700 +4.5% $399 / Sq Ft
03/12/2020 03/12/20 Pending -- -- --
03/05/2020 03/05/20 For Sale $369,000 -- $382 / 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 $4,944 $436,000 $0 $436,000
2024 $4,918 $423,200 $0 $423,200
2023 $4,667 $373,100 $0 $373,100
2022 $4,671 $352,500 $0 $352,500
2021 $4,177 $302,700 $0 $302,700
2020 $4,099 $283,700 $0 $283,700
2019 $5,452 $265,200 $0 $265,200
2018 $3,226 $256,000 $0 $256,000
2017 $3,887 $245,100 $0 $245,100
2016 $3,631 $231,700 $0 $231,700
2015 $3,582 $218,300 $0 $218,300
Source: Public Records

Agents Affiliated with this Home

  • The Movement Group

    Seller's Agent in 2020

    The Movement Group

    Compass

    (781) 854-1624

    334 Total Sales

    The Movement Group
    Section Image
  • Torin Hanlon

    Seller Co-Listing Agent in 2020

    Torin Hanlon

    Compass

    (781) 307-6304

    35 Total Sales

    Torin Hanlon
    Section Image
  • Jessica Schenkel

    Buyer's Agent in 2020

    Jessica Schenkel

    William Raveis R.E. & Home Services

    (339) 206-3302

    69 Total Sales

    Jessica Schenkel
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72628490

MLS Property Information Network (MLS PIN)

APN: SALE-000025-000000-000663-000807-000807

Massachusetts Essex County Salem 01970 Broad Street

1 Broad St Unit 7, Salem, MA

This home is located at 1 Broad St Unit 7, Salem, MA 01970 since 05 March 2020 and is currently estimated at $472,350, approximately $488 per square foot. This property was built in 1900. 1 Broad St Unit 7 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Horace Mann Laboratory.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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