$145,000
SOLD JUL 30, 2014

11 May St Unit A Salem, MA 01970

Gallows Hill Neighborhood
2 Beds
1 Bath
625 Sq Ft
1920 Built

Recently Sold

$232 Per Sq Ft

3% Below List Price

49 Days on Market

About This Home

As of September 2022

This newly refreshed two-bedroom condo on a quiet side street off Highland Ave on the Salem/Peabody line is less than a mile to downtown Salem and the commuter rail. It's perfect for owner occupants or as an investment property. You'll find freshly refinished hardwood flooring, insulated windows, two-car parking, a large shared deck and yard space, a well-maintained slate roof, and vinyl siding, plus enjoy a minimal condo fee. Area rents are strong and growing, so come take a look and make this great condo your own home or investment today!

Last Agent to Sell the Property

Dan Bernal

Atlantic Coast Homes,Inc Listed on: 05/13/2014

Last Buyer's Agent

Susan Keenan Faletra

L & A Realty License #456011844

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,285

Year Built

1920

Lot Details

0

Listing Details

  • Unit Level: 1
  • Unit Placement: Lower Level
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1920

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Medical Facility, University
  • Electric: 100 Amps
  • Energy: Insulated Windows
  • Flooring: Hardwood

Exterior Features

  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Unit Features: Deck

Garage/Parking

  • Parking: Off-Street, Common
  • Parking Spaces: 2

Utilities

  • Heat Zones: 1
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup

Condo/Co-op/Association

  • Association Fee Includes: Water, Sewer, Master Insurance
  • Association Pool: No
  • Management: Owner Association
  • No Units: 2
  • Unit Building: A

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
$348,173

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
Source: Public Records

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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

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 $3,285 $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

    Gabrielle Russo
    Section Image
  • Paolo Jimenez

    Buyer's Agent in 2022

    Paolo Jimenez

    Engel & Volkers Boston

    (617) 959-6386

    1 in this area

    61 Total Sales

    Paolo Jimenez
    Section Image
  • Dan Bernal

    Seller's Agent in 2014

    Dan Bernal

    Atlantic Coast Homes,Inc

    (978) 922-3683

    1 in this area

    51 Total Sales

    Dan Bernal
    Section Image

  • S

    Buyer's Agent in 2014

    Susan Keenan Faletra

    L & A Realty

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71680274

MLS Property Information Network (MLS PIN)

APN: SALE-000025-000000-000046-000801-000801

Massachusetts Essex County Salem 01970 Gallows Hill

11 May St Unit A, Salem, MA

This home is located at 11 May St Unit A, Salem, MA 01970 and is currently priced at $145,000, approximately $232 per square foot. This property was built in 1920. 11 May St Unit A is a home located in Essex County with nearby schools including Horace Mann Laboratory, Saltonstall School, and Witchcraft Heights Elementary School.

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