11 May St Unit B Salem, MA 01970
Gallows Hill Neighborhood
2
Beds
1
Bath
660
Sq Ft
$75/mo
HOA Fee
Highlights
- Marina
- Medical Services
- Deck
- Golf Course Community
- Waterfront
- 2-minute walk to Splaine Park
About This Home
As of October 2023Charming, newly renovated, two- level condo features 5 rooms, living room with bay window, freshly remodeled kitchen with granite counters, new stainless appliances, new floor and cabinets; 2 bedrooms with glistening hardwood floors; new, tiled bathroom, new windows and doors. Third floor is a large 760sf Bonus Room with walk-in closet; second floor living area is 660sf for a total of 1,420 sf exclusive use area. Unit has 2-car, off-street parking in parking area abutting beautiful Splaine Park for recreation and activities. Close to downtown Salem, restaurants, historic sites, Peabody Essex Museum and commuter rail to Boston.
Last Buyer's Agent
Rachel Lutts
Sagan Harborside Sotheby's International Realty License #454007363
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,410
Year Built
- Built in 1920
Lot Details
- Waterfront
- Near Conservation Area
HOA Fees
- $75 Monthly HOA Fees
Home Design
- Frame Construction
- Slate Roof
Interior Spaces
- 660 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Skylights
- Insulated Windows
- Bay Window
- Bonus Room
- Washer and Electric Dryer Hookup
Kitchen
- Range
- Dishwasher
- Stainless Steel Appliances
- Solid Surface Countertops
Flooring
- Wood
- Wall to Wall Carpet
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary bedroom located on second floor
- Walk-In Closet
- 1 Full Bathroom
- Bathtub with Shower
Parking
- 2 Car Parking Spaces
- Off-Street Parking
- Assigned Parking
Outdoor Features
- Deck
Location
- Property is near public transit
- Property is near schools
Schools
- Collins Middle School
- Salem High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Forced Air Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 2131356
Community Details
Overview
- Association fees include water, sewer, insurance
- 2 Units
- May Fleur Condominium Iii Community
Amenities
- Medical Services
- Shops
- Laundry Facilities
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Park
- Bike Trail
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 8, 2023
Closed on
Oct 6, 2023
Sold by
Powers Mark and Powers Tamera L
Bought by
Voeller Melissa
Seller's Agent
David Picardy
Liberty Residential Realty, LLC
Buyer's Agent
Merry Fox Team
MerryFox Realty
List Price
$390,000
Sold Price
$390,000
Views
133
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
$56,563
Avg. Annual Appreciation
7.81%
Original Mortgage
$312,000
Outstanding Balance
$306,244
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$140,319
Purchase Details
Listed on
May 11, 2021
Closed on
Jul 27, 2021
Sold by
Nessen John C and Nessen Katherine E
Bought by
Powers Mark and Powers Tamera L
Seller's Agent
Julie Costa
Keller Williams Realty Evolution
Buyer's Agent
David Picardy
Liberty Residential Realty, LLC
List Price
$339,900
Sold Price
$361,000
Premium/Discount to List
$21,100
6.21%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.59%
Original Mortgage
$350,170
Interest Rate
2.96%
Mortgage Type
Purchase Money Mortgage
Similar Home 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 | $390,000 | None Available | |
| Condominium Deed | $361,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $312,000 | Purchase Money Mortgage | |
| Previous Owner | $350,170 | Purchase Money Mortgage | |
| Previous Owner | $234,200 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/06/2023 10/06/23 | Sold | $390,000 | 0.0% | $424 / Sq Ft |
| 08/14/2023 08/14/23 | Pending | -- | -- | -- |
| 08/08/2023 08/08/23 | For Sale | $390,000 | +8.0% | $424 / Sq Ft |
| 07/27/2021 07/27/21 | Sold | $361,000 | +6.2% | $254 / Sq Ft |
| 05/18/2021 05/18/21 | Pending | -- | -- | -- |
| 05/11/2021 05/11/21 | For Sale | $339,900 | +40.7% | $239 / Sq Ft |
| 06/08/2018 06/08/18 | Sold | $241,500 | +1.0% | $366 / Sq Ft |
| 03/30/2018 03/30/18 | Pending | -- | -- | -- |
| 03/21/2018 03/21/18 | For Sale | $239,000 | -- | $362 / 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 | $4,144 | $365,400 | $0 | $365,400 |
| 2024 | $4,095 | $352,400 | $0 | $352,400 |
| 2023 | $4,011 | $320,600 | $0 | $320,600 |
| 2022 | $3,817 | $288,100 | $0 | $288,100 |
| 2021 | $3,273 | $237,200 | $0 | $237,200 |
| 2020 | $3,289 | $227,600 | $0 | $227,600 |
| 2019 | $2,590 | $171,500 | $0 | $171,500 |
| 2018 | $2,405 | $156,700 | $0 | $156,700 |
| 2017 | $2,365 | $149,100 | $0 | $149,100 |
| 2016 | $2,238 | $142,800 | $0 | $142,800 |
| 2015 | $2,240 | $136,500 | $0 | $136,500 |
Source: Public Records
Agents Affiliated with this Home
-
David Picardy
Seller's Agent in 2023
David Picardy
Liberty Residential Realty, LLC
(978) 560-3411
5 in this area
76 Total Sales
-
Merry Fox Team
M
Buyer's Agent in 2023
Merry Fox Team
MerryFox Realty
4 in this area
272 Total Sales
-
Julie Costa
Seller's Agent in 2021
Julie Costa
Keller Williams Realty Evolution
(978) 828-4064
1 in this area
100 Total Sales
-
Kathy Sullivan
Seller's Agent in 2018
Kathy Sullivan
RE/MAX
(781) 771-9949
62 Total Sales
-
R
Buyer's Agent in 2018
Rachel Lutts
Sagan Harborside Sotheby's International Realty
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72296630
APN: SALE-000025-000000-000046-000802-000802
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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