M
Seller's Agent in 2019
Michael Shea
Shea Real Estate
1 Ocean Terrace Unit 3 Salem, MA 01970
South Salem NeighborhoodEstimated Value: $391,000 - $465,000
2
Beds
1
Bath
1,047
Sq Ft
$250/mo
HOA Fee
Highlights
- Ocean View
- Wood Flooring
- 4-minute walk to Forest River Park
About This Home
As of August 2019Live 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 Agent to Sell the Property
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
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%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,063
Avg. Annual Appreciation
8.24%
Original Mortgage
$248,710
Outstanding Balance
$217,824
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$212,039
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
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
Home Values in the Area
Average Home Value in this Area
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 | Goldberg Deborah E | $138,375 | |
| Previous Owner | Goldberg Deborah E | $193,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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
-
-
Brandon Sweeney
Buyer's Agent in 2019
Brandon Sweeney
Keller Williams Realty
(978) 987-2806
97 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72480359
APN: SALE-000033-000000-000690-000803-000803
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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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