NOT LISTED FOR SALE

Estimated Value: $761,000 - $843,000

2 Beds
3 Baths
1,855 Sq Ft
1985 Built

Last Sold June 24, 2016

Last sale price $500,000 $270 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $4,868/month

32 Days on Market

About This Home

As of June 2016

A Fantastic Lifestyle Awaits You at Collins Cove Condominiums at 1 Settlers Way. Fabulous Waterfront Home with Gorgeous Hardwood Floors including Brazilian Cherry in the Second Level Bedrooms. There's a Large Deck for Relaxing and Entertaining with Sliding Doors into the Generous Sized Living Room with Fireplace. Nice Kitchen Opens to Sun Splashed Dining Room. Lower level is Walkout and has Great Space for Guests or Extended Family with Full Bathroom and Kitchenette. There is an association beach, waterfront clubhouse and a dock for your boat as well. All of this is Yours and Close to Downtown, Train and Salem Ferry, not to mention Salem Willows and Winter Island.

Last Agent to Sell the Property

Ted Richard

J. Barrett & Company Listed on: 04/14/2016

Last Buyer's Agent

Dee Kerner

Compass

Compass

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,932

Year Built

1985

Lot Details

0

Listing Details

  • Unit Level: 1
  • Property Type: Condominium/Co-Op
  • Other Agent: 1.00
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1985

Interior Features

  • Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
  • Fireplaces: 1
  • Has Basement: Yes
  • Fireplaces: 1
  • Primary Bathroom: Yes
  • Number of Rooms: 8
  • Amenities: Public Transportation, Public School
  • Electric: 200 Amps
  • Energy: Insulated Windows, Storm Doors
  • Flooring: Wood, Tile, Vinyl
  • Insulation: Full
  • Bedroom 2: Second Floor
  • Bedroom 3: Basement
  • Kitchen: First Floor
  • Laundry Room: Basement
  • Living Room: First Floor
  • Master Bedroom: Second Floor
  • Master Bedroom Description: Flooring - Hardwood
  • Dining Room: First Floor
  • Family Room: Basement
  • Oth1 Room Name: Home Office
  • Oth1 Level: Basement
  • Oth2 Room Name: Kitchen
  • Oth2 Level: Basement
  • No Living Levels: 3

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Waterfront Property: Yes
  • Construction: Frame
  • Exterior: Clapboard, Wood
  • Exterior Unit Features: Deck
  • Waterfront: Ocean, Navigable
  • Beach Ownership: Public
  • Waterview Flag: Yes

Garage/Parking

  • Garage Parking: Detached
  • Garage Spaces: 1
  • Parking: Off-Street
  • Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating: Central Heat, Forced Air, Electric
  • Cooling Zones: 1
  • Hot Water: Electric
  • Utility Connections: for Electric Range
  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Sewage District: SESD

Condo/Co-op/Association

  • Condominium Name: Collins Cove Condominiums
  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Road Maintenance, Landscaping, Snow Removal, Reserve Funds
  • Management: Owner Association
  • Pets Allowed: Yes w/ Restrictions
  • No Units: 36
  • Unit Building: 1

Fee Information

  • Fee Interval: Monthly

Lot Info

  • Assessor Parcel Number: M:42 L:0005 S:801
  • Zoning: Residentia

Multi Family

  • Waterview: Bay, Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2016
Closed on
Jun 24, 2016
Sold by
Shute Francis J and Shute Cedalia M
Bought by
English Mark E and Hunt Eileen J
Seller's Agent
Ted Richard
J. Barrett & Company
Buyer's Agent
Dee Kerner
Compass
List Price
$499,900
Sold Price
$500,000
Premium/Discount to List
$100
0.02%
Current Estimated Value
$802,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$302,109
Avg. Annual Appreciation
5.12%

Purchase Details

Closed on
Jun 22, 1993
Sold by
Brown James M
Bought by
Shute Francis and Shute Cedalia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,000
Interest Rate
7.38%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
English Mark E $499,900 --
Shute Francis $147,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shute Francis $50,000
Previous Owner Shute Francis $130,000
Previous Owner Shute Francis $42,200
Previous Owner Shute Francis $107,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2016 06/24/16 Sold $500,000 0.0% $270 / Sq Ft
05/16/2016 05/16/16 Pending -- -- --
04/14/2016 04/14/16 For Sale $499,900 -- $269 / 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 $7,932 $699,500 $0 $699,500
2024 $7,889 $678,900 $0 $678,900
2023 $7,710 $616,300 $0 $616,300
2022 $7,554 $570,100 $0 $570,100
2021 $7,867 $570,100 $0 $570,100
2020 $8,388 $580,500 $0 $580,500
2019 $8,382 $555,100 $0 $555,100
2018 $7,604 $494,400 $0 $494,400
2017 $7,286 $459,400 $0 $459,400
2016 $6,735 $429,800 $0 $429,800
2015 $7,017 $427,600 $0 $427,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71988055

MLS Property Information Network (MLS PIN)

APN: SALE-000042-000000-000005-000801-000801