NOT LISTED FOR SALE

Estimated Value: $325,000 - $499,000

1 Bed
1 Bath
929 Sq Ft
$517/mo HOA Fee

Last Sold February 21, 2020

Last sale price $320,000 $344 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $3,174/month

7 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 1-minute walk to Piperpont Park
  • Intercom

About This Home

As of February 2020

Gorgeous Penthouse at The Essex! This coveted top floor unit with courtyard views will impress you with its open floor plan, cathedral ceilings, and abundance of natural south-facing light. The updated kitchen has stainless steel, granite, island, and skylight. The large bedroom has cathedral ceilings, double closets, and city views. In-unit front-loading washer/dryer & central air. Short distance to the Commuter Rail, Salem Common, restaurants, shopping, and the waterfront! Professionally managed with indoor pool, library, workout room, and beautiful courtyard! Monthly condo fee includes heat, hot water, and central air. Parking space with annual pass.

Last Agent to Sell the Property

Jenny May

J. Barrett & Company Listed on: 01/08/2020

Last Buyer's Agent

Zoe Karademos

Coldwell Banker Realty - Beverly

Coldwell Banker Realty - Beverly

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,190

Year Built

  • Built in 1989

HOA Fees

  • $517 per month

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,190

Year Built

Built in 1989

Lot Details

0

HOA Fees

$517 per month

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Garden
  • Other Agent: 1.50
  • Year Built Description: Actual
  • List Price Per Sq Ft: 343.38
  • Comp Based On: Net Sale Price
  • Year Built: 1989
  • Lead Paint: Unknown
  • Unit Building: 701
  • Unit Level: 7
  • Unit Placement: Top/Penthouse
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1989

Interior Features

  • Flooring: Tile, Wall to Wall Carpet, Hardwood
  • Interior Amenities: Cable Available, Intercom
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • No Bedrooms: 1
  • Master Bedroom: Dimension: 16X14, Ceiling - Cathedral, Flooring - Wall to Wall Carpet, Closet - Double
  • Full Bathrooms: 1
  • Bathroom 1: Dimension: 4X8, Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Dryer Hookup - Gas, Washer Hookup
  • No Rooms: 3
  • Dining Room: Dimension: 11X10, Flooring - Hardwood, Closet - Double
  • Kitchen: Dimension: 13X12, Skylight, Ceiling - Vaulted, Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Recessed Lighting, Remodeled
  • Living Room: Dimension: 17X14, Ceiling - Cathedral, Flooring - Hardwood, French Doors
  • No Living Levels: 1
  • Main Lo: C95243
  • Main So: K95001
  • Estimated Sq Ft: 929.00

Exterior Features

  • Construction: Stone/Concrete
  • Roof Material: Asphalt/Fiberglass Shingles, Rubber
  • Exterior: Brick
  • Exterior Unit Features: Garden Area
  • Pool Description: Indoor, Heated

Garage/Parking

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

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Utility Connections: for Electric Range, for Electric Dryer, Washer Hookup

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Park, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • HOA Fees: 517.00
  • Association Fee Includes: Heat, Hot Water, Water, Sewer, Master Insurance, Swimming Pool, Laundry Facilities, Elevator, Exterior Maintenance, Landscaping, Recreational Facilities, Exercise Room, Extra Storage, Refuse Removal, Garden Area, Air Conditioning, Clubhouse, Reserve Funds
  • Condo Association: Yes
  • Association Pool: Yes
  • Association Security: Intercom
  • Management: Professional - Off Site

Association/Amenities

  • Condominium Name: The Essex Condominium

Lot Info

  • Assessments: 268400.00
  • Page: 534
  • Zoning: B5
  • Master Book: 10169
  • Master Page: 84

Tax Info

  • Taxes: 4052.00
  • Assessor Parcel Number: 2136467

Multi Family

  • No Units: 107

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2020
Closed on
Feb 19, 2020
Sold by
Mello Emily R and Mello Linda J
Bought by
Finnegan Eileen B and Finnegan Michael J
Seller's Agent
Jenny May
J. Barrett & Company
Buyer's Agent
Zoe Karademos
Coldwell Banker Realty - Beverly
List Price
$319,000
Sold Price
$320,000
Premium/Discount to List
$1,000
0.31%
Current Estimated Value
$423,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,675
Avg. Annual Appreciation
4.58%
Original Mortgage
$200,000
Outstanding Balance
$179,331
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$229,900

Purchase Details

Listed on
Jul 26, 2013
Closed on
Sep 30, 2013
Sold by
Jellison Theresa M
Bought by
Mello Linda J and Mello Emily R
Seller's Agent
Ted Richard
J. Barrett & Company
Buyer's Agent
Tom Courtney
Coldwell Banker Realty - Lynnfield
List Price
$219,900
Sold Price
$223,000
Premium/Discount to List
$3,100
1.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.81%

Purchase Details

Closed on
Sep 30, 2008
Sold by
Perkins Barbara Est
Bought by
Jellison Theresa M

Purchase Details

Closed on
Oct 15, 2004
Sold by
Pappas Dennis G
Bought by
Perkins Barbara

Purchase Details

Closed on
Jun 3, 1993
Sold by
Bewitched Capital Ltd
Bought by
Pappas Dennis G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,300
Interest Rate
7.33%
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
Finnegan Eileen B $320,000 None Available
Mello Linda J $223,000 --
Jellison Theresa M $185,000 --
Perkins Barbara $303,900 --
Pappas Dennis G $91,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Finnegan Eileen B $200,000
Previous Owner Pappas Dennis G $87,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2020 02/21/20 Sold $320,000 +0.3% $344 / Sq Ft
01/15/2020 01/15/20 Pending -- -- --
01/08/2020 01/08/20 For Sale $319,000 +43.0% $343 / Sq Ft
09/30/2013 09/30/13 Sold $223,000 0.0% $240 / Sq Ft
08/09/2013 08/09/13 Pending -- -- --
07/29/2013 07/29/13 Off Market $223,000 -- --
07/26/2013 07/26/13 For Sale $219,900 -- $237 / 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 $4,190 $369,500 $0 $369,500
2024 $4,181 $359,800 $0 $359,800
2023 $4,278 $342,000 $0 $342,000
2022 $4,167 $314,500 $0 $314,500
2021 $4,208 $304,900 $0 $304,900
2020 $4,153 $287,400 $0 $287,400
2019 $4,053 $268,400 $0 $268,400
2018 $3,680 $239,300 $0 $239,300
2017 $3,694 $232,900 $0 $232,900
2016 $3,375 $215,400 $0 $215,400
2015 $3,305 $201,400 $0 $201,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72605902

MLS Property Information Network (MLS PIN)

APN: SALE-000035-000000-000207-000901-000901