11 May St Unit A Salem, MA 01970
Gallows Hill Neighborhood
2
Beds
1
Bath
625
Sq Ft
$100/mo
HOA Fee
Highlights
- Deck
- Wood Flooring
- Window Unit Cooling System
- Property is near public transit
- Jogging Path
- 2-minute walk to Splaine Park
About This Home
As of September 2022Opportunity knocks! This bright, quaint, two-bedroom condo is centrally located, walking distance to Splaine Park and Downtown Salem. Minutes from the commuter rail station, all the amazing shops & restaurants that Salem has to offer, as well as only a short walk to Derby Wharf! This property is well maintained, with great potential for an investment property. Beautiful fenced in shared backyard with a deck capturing direct sunlight. Each bedroom is equally sized providing a great environment. Low condo fees $100 paid monthly. Shared driveway with 2 assigned parking spots.
Last Agent to Sell the Property
Coldwell Banker Realty - Boston Listed on: 07/21/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,720
Year Built
- Built in 1920
HOA Fees
- $100 Monthly HOA Fees
Home Design
- Frame Construction
- Slate Roof
Interior Spaces
- 625 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Insulated Windows
- Picture Window
- Insulated Doors
- Range
Flooring
- Wood
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
- Bathtub with Shower
Laundry
- Dryer
- Washer
Basement
- Exterior Basement Entry
- Laundry in Basement
Parking
- 2 Car Parking Spaces
- Stone Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
- Assigned Parking
Location
- Property is near public transit
- Property is near schools
Schools
- Bates Elementary School
- The Collins Middle School
- Salem High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- 1 Heating Zone
- Heating System Uses Natural Gas
- 200+ Amp Service
- 100 Amp Service
- Gas Water Heater
Additional Features
- Deck
- Fenced
Listing and Financial Details
- Assessor Parcel Number 2131356
Community Details
Overview
- Other Mandatory Fees include Snow Removal
- Association fees include water, sewer, insurance
- 2 Units
Amenities
- Common Area
- Shops
- Laundry Facilities
Recreation
- Park
- Jogging Path
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 21, 2022
Closed on
Sep 9, 2022
Sold by
Karen B Cushing T
Bought by
Layhe Maureen M and Layhe Michael A
Seller's Agent
Gabrielle Russo
Coldwell Banker Realty - Boston
Buyer's Agent
Paolo Jimenez
Engel & Volkers Boston
List Price
$305,000
Sold Price
$305,000
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
$43,173
Avg. Annual Appreciation
4.62%
Original Mortgage
$299,475
Outstanding Balance
$287,805
Interest Rate
5.3%
Mortgage Type
FHA
Estimated Equity
$59,444
Purchase Details
Closed on
Feb 4, 2020
Sold by
Cushing Karen B and Loos William D
Bought by
Karen B Cushing T
Purchase Details
Listed on
May 13, 2014
Closed on
Jul 30, 2014
Sold by
Orlando Michael
Bought by
Cushing Karen B and Loos William D
Seller's Agent
Dan Bernal
Atlantic Coast Homes,Inc
Buyer's Agent
Susan Keenan Faletra
L & A Realty
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.27%
Original Mortgage
$108,000
Interest Rate
4.18%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 29, 2004
Sold by
Gallant Jennifer and Silva Orlando
Bought by
Orlando Michael
Purchase Details
Closed on
May 27, 1994
Sold by
Mattern Leigh
Bought by
Fagan Thomas E
Similar Homes in Salem, MA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Condominium Deed | $305,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Not Resolvable | $145,000 | -- | |
| Deed | $168,000 | -- | |
| Deed | $60,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $299,475 | FHA | |
| Previous Owner | $108,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/09/2022 09/09/22 | Sold | $305,000 | 0.0% | $488 / Sq Ft |
| 07/29/2022 07/29/22 | Pending | -- | -- | -- |
| 07/21/2022 07/21/22 | For Sale | $305,000 | +110.3% | $488 / Sq Ft |
| 07/30/2014 07/30/14 | Sold | $145,000 | 0.0% | $232 / Sq Ft |
| 07/01/2014 07/01/14 | Pending | -- | -- | -- |
| 06/13/2014 06/13/14 | Off Market | $145,000 | -- | -- |
| 06/08/2014 06/08/14 | Price Changed | $145,000 | -3.3% | $232 / Sq Ft |
| 05/13/2014 05/13/14 | For Sale | $150,000 | -- | $240 / 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 | $3,285 | $289,700 | $0 | $289,700 |
| 2024 | $3,198 | $275,200 | $0 | $275,200 |
| 2023 | $2,755 | $220,200 | $0 | $220,200 |
| 2022 | $2,720 | $205,300 | $0 | $205,300 |
| 2021 | $2,677 | $194,000 | $0 | $194,000 |
| 2020 | $2,628 | $181,900 | $0 | $181,900 |
| 2019 | $2,473 | $163,800 | $0 | $163,800 |
| 2018 | $2,298 | $149,700 | $0 | $149,700 |
| 2017 | $2,260 | $142,500 | $0 | $142,500 |
| 2016 | $2,139 | $136,500 | $0 | $136,500 |
| 2015 | $2,140 | $130,400 | $0 | $130,400 |
Source: Public Records
Agents Affiliated with this Home
-
Gabrielle Russo
Seller's Agent in 2022
Gabrielle Russo
Coldwell Banker Realty - Boston
(978) 475-1400
1 in this area
61 Total Sales
-
Paolo Jimenez
Buyer's Agent in 2022
Paolo Jimenez
Engel & Volkers Boston
(617) 959-6386
1 in this area
61 Total Sales
-
Dan Bernal
Seller's Agent in 2014
Dan Bernal
Atlantic Coast Homes,Inc
(978) 922-3683
1 in this area
51 Total Sales
-
S
Buyer's Agent in 2014
Susan Keenan Faletra
L & A Realty
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73015821
APN: SALE-000025-000000-000046-000801-000801
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.
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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