NOT LISTED FOR SALE

1 Ocean Terrace Unit 3 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $381,000 - $406,000

2 Beds
1 Bath
1,047 Sq Ft
$250/mo HOA Fee

Last Sold August 23, 2019

Last sale price $261,800 $250 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,755/month

94 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • 4-minute walk to Forest River Park

About This Home

As of August 2019

Live by the ocean in this charming two-bedroom condo just one block from Forest River park! This condo sports a beautifully renovated bathroom, hardwood floors throughout, off-street parking, exclusive attic space and a large storage area in the basement. 1 Ocean Terrace is close to the beach, parks, restaurants, museums, shops and everything Salem has to offer! Make your appointment today. Salem State University and MBTA transportation nearby.

Last Listed By

Michael Shea

Shea Real Estate Listed on: 04/10/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,791

Year Built

  • Built in 1905

Lot Details

  • 3,049

HOA Fees

  • $250 per month

Kitchen

  • Range
  • Dishwasher

Utilities

  • Window Unit Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Ocean Views
  • Wood Flooring
  • Basement

Community Details

  • Call for details about the types of pets allowed

Listing and Financial Details

  • Assessor Parcel Number M:33 L:0690 S:803

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,791

Year Built

Built in 1905

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Detached
  • Other Agent: 1.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 257.78
  • Comp Based On: Net Sale Price
  • Year Built: 1905
  • Lead Paint: Unknown
  • Unit Building: 3
  • Unit Level: 3
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1905

Interior Features

  • Flooring: Hardwood
  • Interior Amenities: Cable Available
  • Appliances: Range, Dishwasher, Refrigerator
  • No Bedrooms: 2
  • Master Bedroom: On Level: Third Floor
  • Bedroom 2: On Level: Third Floor
  • Full Bathrooms: 1
  • Bathroom 1: On Level: Third Floor
  • No Rooms: 5
  • Dining Room: On Level: Third Floor
  • Kitchen: On Level: Third Floor
  • Laundry: On Level: Basement
  • Living Room: On Level: Third Floor
  • Basement: Y
  • No Living Levels: 1
  • Main Lo: C95279
  • Main So: NB5012
  • Estimated Sq Ft: 1047.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1/10 to 3/10
  • Waterview Features: Ocean
  • Waterview Flag: Yes
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Window AC
  • Heating: Electric
  • Hot Water: Natural Gas
  • Utility Connections: for Electric Range, for Electric Oven

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, House of Worship, Marina, Public School, T-Station, University
  • HOA Fees: 250.00
  • Association Fee Includes: Water, Sewer, Master Insurance
  • Condo Association: Yes
  • Management: Owner Association

Lot Info

  • Assessments: 217400.00
  • Acre: 0.07
  • Lot Size: 3049.00
  • Page: 491
  • Parcel Number: M:33 L:0690 S:803
  • Zoning: R1

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 3283.00
  • Assessor Parcel Number: 4421197

Multi Family

  • No Units: 3
  • No Units Owner Occ: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2019
Closed on
Aug 23, 2019
Sold by
Lequin John L
Bought by
Collamer Carolyn M and Farren Matthew E
Seller's Agent
Michael Shea
Shea Real Estate
Buyer's Agent
Brandon Sweeney
Keller Williams Realty
List Price
$299,900
Sold Price
$261,800
Premium/Discount to List
-$38,100
-12.7%
Total Days on Market
94
Current Estimated Value
$391,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,338
Avg. Annual Appreciation
7.22%
Original Mortgage
$248,710
Outstanding Balance
$220,632
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$170,506

Purchase Details

Closed on
Dec 16, 2009
Sold by
Provost-Pasters Sonia M
Bought by
Lequin John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,375
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2006
Sold by
Dillon Sean R
Bought by
Goldberg Deborah E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,600
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in the area

  • 1 Loring Ave Unit 206, Swampscott, MA 01907

    $429,900

    • 2 Beds
    • 2 Baths
    • 1,080 Sq Ft
    • 1 Loring Ave
    • Unit 206
    • Swampscott, MA

    Welcome to this beautifully maintained single-level living, corner unit offering comfort, style, and convenience. This sun-splashed 2-bedroom, 2-bath home features an open concept layout with wood flooring throughout the living and dining areas, and a private balcony perfect for morning coffee or evening relaxation. The updated kitchen boasts a breakfast bar, ample cabinetry, and a brand-new

    Marcie Gingle William Raveis R.E. & Home Services

    Section Image
  • 245 Lafayette St Unit 1F, Salem, MA 01970

    $367,000

    • 1 Bed
    • 1 Bath
    • 668 Sq Ft
    • 245 Lafayette St
    • Unit 1F
    • Salem, MA

    NEW - Bright and Sunny 1st-floor condo offers one large bedroom, a private balcony and off-street parking. This turn-key home features an expansive living & dining room complete with Hardwood fls & NEW recessed lights thru-out plus access to your private southeast facing balcony. Enjoy entertaining and cooking in your Renovate kitchen complete with a NEW SS appliances, Quartz Counters and NEW

    Zoe Karademos Coldwell Banker Realty - Beverly

    Section Image
  • 2A Hazel St Unit 3, Salem, MA 01970

    $429,000

    • 2 Beds
    • 1 Bath
    • 820 Sq Ft
    • 2A Hazel St
    • Unit 3
    • Salem, MA

    A Sun Splashed upper unit--Ideally located two blocks off Lafayette Street in South Salem between downtown and Salem State University. Classy and move-in-ready Top Floor Unit features two generously sized bedrooms, hardwood floors, and a private rear deck. The unit comes with deeded off-street parking. Separate Washer and dryer and a good size storage unit in the basement. It is conveniently

    Arian Simaku Simaku Realty, LLC

    Section Image
  • 5 Gardner St Unit 2, Salem, MA 01970

    $459,000

    • 3 Beds
    • 1 Bath
    • 1,228 Sq Ft
    • 5 Gardner St
    • Unit 2
    • Salem, MA

    Tucked on a quiet one-way street, this sun-splashed Salem condo blends timeless charm with thoughtful updates. Soaring ceilings, gleaming hardwood floors, and classic millwork give the home a warm and welcoming feel. The updated kitchen features gas cooking, ample cabinetry, generous prep space, and a breakfast bar that opens to a roomy dining area—perfect for everyday living or entertaining.

    Henry Pizzo Aluxety

    Section Image
  • 24 Cabot St Unit 1, Salem, MA 01970

    $429,000

    • 2 Beds
    • 1 Bath
    • 823 Sq Ft
    • 24 Cabot St
    • Unit 1
    • Salem, MA

    Welcome to 24 Cabot Street #1 — a beautifully maintained and thoughtfully updated first-floor condo just moments from vibrant downtown Salem and the MBTA Commuter Rail. This spacious 2-bedroom, 1-bath home perfectly blends historic charm with modern conveniences. Soaring ceilings, rich hardwood floors, and original architectural details offer warmth and character in every room, while the updated

    Emily Schwartz Centre Realty Group

    Section Image
  • 15 Cabot St Unit 3, Salem, MA 01970

    $470,000

    • 2 Beds
    • 1 Bath
    • 934 Sq Ft
    • 15 Cabot St
    • Unit 3
    • Salem, MA

    This stylish and sun-filled top-floor 2 bed, 1 bath condo is beautifully updated and well maintained. The building was fully renovated in 2019 (including the addition of a sprinkler system) and all major systems and appliances are approximately five years old. The home features central AC, a spacious full bath, and in-unit full-size washer and dryer. The open-concept living area includes dark

    Rita Lu Keller Williams Realty Boston-Metro | Back Bay

    Section Image
  • 18 Ropes St Unit 1L, Salem, MA 01970

    $330,000

    • 2 Beds
    • 1 Bath
    • 742 Sq Ft
    • 18 Ropes St
    • Unit 1L
    • Salem, MA

    Welcome to this inviting 2-bedroom, 1-bathroom condo ideally situated in the heart of downtown Salem! Just a mile from Salem State University, this home offers the perfect blend of comfort and convenience. A spacious bedroom is bathed in natural light from the large windows and features beautiful hardwood floors that flow seamlessly into the dining area. The kitchen is well-appointed with sleek

    Cristina Coppola Lamacchia Realty, Inc.

    Section Image
  • 9 Kosciusko St Unit 3, Salem, MA 01970

    $379,000

    • 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • 9 Kosciusko St
    • Unit 3
    • Salem, MA

    SUPER charming condo featuring ocean views from the skylights, exposed beams, hardwood floors and a pellet stove!! WOW location just off historic Derby Street with downtown Salem, Pickering Wharf and the water shuttle to Boston just minutes away. You'll love the open concept layout with cathedral ceilings, beautifully refinished hardwood floors and lots of natural light. The gorgeous and spacious

    Pam McKee Keller Williams Realty Evolution

    Section Image
  • 42 Broad St Unit 5, Salem, MA 01970

    $479,000

    • 2 Beds
    • 2 Baths
    • 1,020 Sq Ft
    • 42 Broad St
    • Unit 5
    • Salem, MA

    Welcome to your dream home in the heart of the McIntire Historic District! This charming 2-bedroom, 2-bathroom single-level condo blends historic elegance with modern comforts. The updated kitchen is a chef's delight, featuring expansive stone countertops, sleek stainless steel appliances, and convenient access to your private deck through stylish sliding glass doors—perfect for al fresco dining

    David Wise Compass

    Section Image
See All Homes in Salem

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
Collamer Carolyn M $261,800 --
Lequin John $153,750 --
Goldberg Deborah E $242,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collamer Carolyn M $248,710
Previous Owner Lequin John $128,000
Previous Owner Goldberg Deborah E $138,375
Previous Owner Goldberg Deborah E $193,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2019 08/23/19 Sold $261,800 -3.0% $250 / Sq Ft
07/13/2019 07/13/19 Pending -- -- --
05/28/2019 05/28/19 Price Changed $269,900 -6.9% $258 / Sq Ft
05/05/2019 05/05/19 Price Changed $289,900 -3.3% $277 / Sq Ft
04/10/2019 04/10/19 For Sale $299,900 -- $286 / 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 $3,791 $334,300 $0 $334,300
2024 $3,689 $317,500 $0 $317,500
2023 $3,658 $292,400 $0 $292,400
2022 $3,550 $267,900 $0 $267,900
2021 $3,472 $251,600 $0 $251,600
2020 $3,429 $237,300 $0 $237,300
2019 $3,283 $217,400 $0 $217,400
2018 $3,093 $201,100 $0 $201,100
2017 $3,082 $194,300 $0 $194,300
2016 $2,871 $183,200 $0 $183,200
2015 $2,829 $172,400 $0 $172,400
Source: Public Records

Agents Affiliated with this Home

  • Michael Shea

    Seller's Agent in 2019

    Michael Shea

    Shea Real Estate

    (978) 548-7203

    11 in this area

    54 Total Sales

    Section Image
  • Brandon Sweeney

    Buyer's Agent in 2019

    Brandon Sweeney

    Keller Williams Realty

    (978) 987-2806

    102 Total Sales

    Brandon Sweeney
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72480359

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000690-000803-000803

Massachusetts Essex County Salem 01970 South Salem

1 Ocean Terrace Unit 3, Salem, MA

Homes for Sale in Salem, MA

This home is located at 1 Ocean Terrace Unit 3, Salem, MA 01970 since 10 April 2019 and is currently estimated at $391,138, approximately $373 per square foot. This property was built in 1905. 1 Ocean Terrace Unit 3 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.

Nearby Homes