NOT LISTED FOR SALE

112 Margin St Unit 2 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $658,330 - $770,000

3 Beds
2.5 Baths
1,510 Sq Ft
$200/mo HOA Fee

Last Sold June 30, 2023

Last sale price $600,000 $397 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,449/month

4 Days on Market

Highlights

  • Marina
  • Medical Services
  • Fireplace in Primary Bedroom
  • Golf Course Community
  • Open Floorplan
  • 4-minute walk to High Street Park

About This Home

As of June 2023

Welcome to The Historic Farnham House - a 3 Bed, 2.5 Bath condo home in Downtown Salem approx ½ mile to The T Station. Complete renovation in 2019 with beautiful finishes. Your inner chef will marvel at the roomy kitchen with an abundance of white cabinets accented by white granite counters & stainless appliances with gas cooking. The large living/dining area is highlighted by a white stone fireplace. A decorative peaked window adds architectural significance. French doors from the living areas lead to the massive deck perfect for entertaining. The main level features the primary bedroom suite with fireplace, in unit laundry, a well-appointed spa bath with dual vanities & oversized shower & a huge walk-in closet. A 2nd full guest bath completes the main level. Upstairs are two more bedrooms with skylights & a useful half bath. There’s more: 2 car off-street parking, updated systems, pet friendly, storage room & walkable to all the fun activities & great restaurants in Downtown Salem.

Last Agent to Sell the Property

EdVantage Home Group

RE/MAX Encore Listed on: 05/11/2023

RE/MAX Encore

Last Buyer's Agent

The DiPietro and Bekkenhuis Group

LAER Realty Partners

LAER Realty Partners

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,359

Year Built

  • Built in 1848 | Remodeled

Lot Details

  • 5,227

HOA Fees

  • $200 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,510 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Crown Molding
  • Sheet Rock Walls or Ceilings
  • Vaulted Ceiling
  • Skylights
  • Recessed Lighting
  • Light Fixtures
  • Insulated Windows
  • French Doors
  • Insulated Doors
  • Living Room with Fireplace
  • 2 Fireplaces
  • Basement
  • Exterior Basement Entry

Kitchen

  • Stove
  • Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Double Vanity
  • Bathtub with Shower
  • Separate Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Car Parking Spaces
  • Paved Parking
  • Open Parking
  • Off-Street Parking
  • Assigned Parking

Eco-Friendly Details

  • Energy-Efficient Thermostat

Outdoor Features

  • Deck
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Apply District Elementary School
  • Collins Middle School
  • Salem High School

Utilities

  • Forced Air Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 802 / 641
  • Assessor Parcel Number M:25 L:0641 S:802,5075281

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, ground maintenance, reserve funds
  • 2 Units
  • Farnham House Condominium Community
  • Near Conservation Area

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Golf Course Community
  • Park
  • Jogging Path
  • Bike Trail

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,359

Year Built

Built in 1848 | Remodeled

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: 2/3 Family
  • Year Built: 1848
  • Entry Level: 2
  • Year Built Details: Approximate,Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Plans
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Tile, Hardwood
  • Interior Amenities: Finish - Sheetrock, Internet Available - Broadband
  • Door Features: Insulated Doors
  • Entry Location: Unit Placement(Upper,Front,Back)
  • Fireplace Features: Living Room, Master Bedroom
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer, Gas Water Heater,Tank Water Heaterless, Plumbed For Ice Maker, Utility Connections for Gas Range, Utility Connections for Gas Dryer
  • Total Bedrooms: 3
  • Room Bedroom2 Level: Third
  • Room Bedroom2 Features: Skylight, Vaulted Ceiling(s), Flooring - Hardwood, Lighting - Overhead
  • Room Bedroom3 Features: Skylight, Vaulted Ceiling(s), Flooring - Hardwood, Lighting - Overhead
  • Room Bedroom3 Level: Third
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Main Level Bathrooms: 2
  • Room Master Bedroom Features: Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Cable Hookup, Recessed Lighting, Crown Molding
  • Room Master Bedroom Level: Main,Second
  • Master Bathroom Features: Yes
  • Bathroom 1 Features: Bathroom - 3/4, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Closet - Linen, Walk-In Closet(s), Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Recessed Lighting, Crown Molding
  • Bathroom 1 Level: Main,Second
  • Bathroom 2 Level: Main,Second
  • Bathroom 2 Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Lighting - Overhead, Crown Molding
  • Bathroom 3 Features: Bathroom - Half, Flooring - Stone/Ceramic Tile
  • Bathroom 3 Level: Third
  • Room Kitchen Level: Main,Second
  • Room Kitchen Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid, French Doors, Cabinets - Upgraded, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove, Crown Molding
  • Laundry Features: In Unit, Washer Hookup
  • Room Living Room Level: Main,Second
  • Room Living Room Features: Flooring - Hardwood, French Doors, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Crown Molding
  • Basement: Y
  • Accessibility Features: No
  • Living Area: 1510
  • Spa YN: No
  • Stories Total: 2
  • Window Features: Insulated Windows
  • MAIN LO: B95079
  • MAIN SO: AN1199

Exterior Features

  • Exterior Features: Rain Gutters
  • Common Walls: Corner
  • Construction Materials: Frame
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Paved, Exclusive Parking
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Dryer, Washer Hookup, Icemaker Connection
  • Cooling: Central Air, Individual, Unit Control
  • Heating: Forced Air, Natural Gas, Individual, Unit Control
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: SESD
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Fee: 200
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University
  • Senior Community YN: No
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Reserve Funds

Lot Info

  • Parcel Number: M:25 L:0641 S:802,5075281
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5327
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6359
  • Tax Block: 641
  • Tax Lot: 802

Multi Family

  • Number Of Units Total: 2
  • Basement Included Sq Ft: No

MLS Schools

  • High School: Salem Hs
  • Elementary School: Apply District
  • Middle Or Junior School: Collins

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2023
Closed on
Jun 30, 2023
Sold by
Brezinsky Adam J and Kopech Marcie
Bought by
Mandracchia William and Sullivan Madalyn
Seller's Agent
EdVantage Home Group
RE/MAX Encore
Buyer's Agent
The DiPietro and Bekkenhuis Group
LAER Realty Partners
List Price
$620,000
Sold Price
$600,000
Premium/Discount to List
-$20,000
-3.23%
Views
116
Current Estimated Value
$703,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,333
Avg. Annual Appreciation
6.73%
Original Mortgage
$570,000
Outstanding Balance
$555,363
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$147,970

Purchase Details

Listed on
Mar 27, 2019
Closed on
May 3, 2019
Sold by
Witch City Development
Bought by
Brezinsky Adam J and Kopech Marie
Seller's Agent
Pam McKee
Keller Williams Realty Evolution
Buyer's Agent
EdVantage Home Group
RE/MAX Encore
List Price
$489,000
Sold Price
$489,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.04%
Original Mortgage
$464,550
Interest Rate
4.2%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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 Buyer Sale Price Title Company
Mandracchia William $600,000 None Available
Brezinsky Adam J $489,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mandracchia William $570,000
Previous Owner Brezinsky Adam J $464,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2023 06/30/23 Sold $600,000 -3.2% $397 / Sq Ft
05/16/2023 05/16/23 Pending -- -- --
05/11/2023 05/11/23 For Sale $620,000 +26.8% $411 / Sq Ft
05/03/2019 05/03/19 Sold $489,000 0.0% $324 / Sq Ft View Prior Sale
04/02/2019 04/02/19 Pending -- -- --
03/27/2019 03/27/19 For Sale $489,000 -- $324 / 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 $6,719 $592,500 $0 $592,500
2024 $6,701 $576,700 $0 $576,700
2023 $6,359 $508,300 $0 $508,300
2022 $6,069 $458,000 $0 $458,000
2021 $5,973 $432,800 $0 $432,800
2020 $6,007 $415,700 $0 $415,700
Source: Public Records

Agents Affiliated with this Home

  • EdVantage Home Group

    Seller's Agent in 2023

    EdVantage Home Group

    RE/MAX

    (781) 720-9444

    2 in this area

    87 Total Sales

    EdVantage Home Group
    Section Image
  • Pam McKee

    Seller's Agent in 2019

    Pam McKee

    Keller Williams Realty Evolution

    (978) 500-4047

    25 in this area

    90 Total Sales

    Pam McKee
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73110289

MLS Property Information Network (MLS PIN)

APN: 25-0641-802

Massachusetts Essex County Salem 01970 Downtown Salem

112 Margin St Unit 2, Salem, MA

Not Listed for Sale

Condos

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