NOT LISTED FOR SALE

113 Bridge St Unit 2R Salem, MA 01970

Collins Cove Neighborhood

Estimated Value: $271,000 - $376,000

1 Bed
1 Bath
595 Sq Ft
1798 Built

Last Sold February 25, 2022

Last sale price $231,000 $388 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $1,954/month

5 Days on Market

Highlights

  • Wood Flooring
  • Bathtub with Shower
  • 3-minute walk to Collins Cove Park

About This Home

As of February 2022

Start the new year off with affordable home ownership! If you have grown weary of paying rent, then this may be your opportunity to own in vibrant, desirable Salem. This one-bedroom condo in a 4 unit complex, boasts a sunlit living room with refinished hardwood floors, and an eat-in kitchen with new wood flooring and in-unit laundry. An oversized closet with a custom shelving system, basement storage, one car off-street parking, low condo fee, pet friendly, gardens and a surprise backyard retreat add to value! Enjoy the ease of living in close proximity to the Commuter Rail to Boston, shopping, endless dining options, bike/walking path, beach, Salem Willows, museums and more!

Last Agent to Sell the Property

Maura Allard

Leading Edge Real Estate Listed on: 01/12/2022

Last Buyer's Agent

Cathy Johnson

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,735

Year Built

  • 1798

Interior Spaces

  • Light Fixtures
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • Primary bedroom located on second floor
  • Bathtub with Shower

Utilities

  • 4 Heating Zones

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,735

Year Built

1798

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • Directions: Bridge Street is Route 1A.
  • Garage Yn: No
  • Structure Type: Garden
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1798

Interior Features

  • Appliances: Range,Dishwasher,Disposal,Refrigerator,Washer,Dryer, Gas Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Dryer
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Flooring - Wall to Wall Carpet
  • Room Master Bedroom Level: Second
  • Room Master Bedroom Area: 156
  • Master Bathroom Features: No
  • Bathroom 1 Area: 42
  • Bathroom 1 Features: Bathroom - With Tub & Shower
  • Bathroom 1 Level: Second
  • Room Kitchen Level: Second
  • Room Kitchen Features: Flooring - Wood, Dryer Hookup - Electric, Exterior Access, Washer Hookup, Lighting - Overhead
  • Room Kitchen Area: 165
  • Room Living Room Level: Second
  • Room Living Room Area: 225
  • Room Living Room Features: Closet, Flooring - Hardwood
  • MAIN LO: AN4643
  • LIST PRICE PER Sq Ft: 335.97
  • PRICE PER Sq Ft: 388.24
  • MAIN SO: AN6181
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Flooring: Tile, Carpet, Hardwood
  • Stories: 1
  • Window Features: Insulated Windows

Exterior Features

  • Roof: Shingle
  • Exterior Features: Garden
  • Common Walls: 2+ Common Walls, Corner
  • Construction Type: Frame
  • Disclosures: Antique Property, Floors Are Uneven. Exterior Painting Is Planned For Spring 2022.
  • Waterfront Features: Beach Front, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Off Street, Assigned
  • Total Parking Spaces: 1

Utilities

  • Cooling: None
  • Heating: Electric Baseboard, Electric
  • HEAT ZONES: 4
  • COOLING ZONES: 0
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating Yn: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup, Second Floor, In Unit
  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Dryer, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • UNIT BUILDING: 2R
  • MANAGEMENT: Owner Association
  • Association Fee: 125
  • Association: Yes
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, House of Worship, Marina, Private School, Public School, T-Station, University
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance

Schools

  • High School: Salem His
  • Middle Or Junior School: Collins Ms

Lot Info

  • PAGE: 295
  • Farm Land Area Units: Square Feet
  • Zoning: B1

Multi Family

  • NO UNITS OWNER OCC: 2
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3013.92
  • Tax Book Number: 23488
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2022
Closed on
Feb 25, 2022
Sold by
Hayes Karen E
Bought by
Kea Ian C
Seller's Agent
Maura Allard
Leading Edge Real Estate
Buyer's Agent
Cathy Johnson
William Raveis R.E. & Home Services
List Price
$199,900
Sold Price
$231,000
Premium/Discount to List
$31,100
15.56%
Current Estimated Value
$315,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,349
Avg. Annual Appreciation
8.47%
Original Mortgage
$219,450
Outstanding Balance
$206,465
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$99,851

Purchase Details

Closed on
Oct 8, 2004
Sold by
Holloran Dev Llc
Bought by
Hayes Karen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,800
Interest Rate
5.84%
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
Kea Ian C $231,000 None Available
Hayes Karen E $171,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kea Ian C $219,450
Previous Owner Hayes Karen E $105,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2022 02/25/22 Sold $231,000 +15.6% $388 / Sq Ft
01/18/2022 01/18/22 Pending -- -- --
01/12/2022 01/12/22 For Sale $199,900 0.0% $336 / Sq Ft
11/29/2014 11/29/14 Rented $1,200 -14.3% --
10/30/2014 10/30/14 Under Contract -- -- --
08/18/2014 08/18/14 For Rent $1,400 0.0% --
09/24/2013 09/24/13 Rented $1,400 0.0% --
08/25/2013 08/25/13 Under Contract -- -- --
08/01/2013 08/01/13 For Rent $1,400 -- --
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 $2,735 $241,200 $0 $241,200
2024 $2,654 $228,400 $0 $228,400
2023 $2,937 $234,800 $0 $234,800
2022 $3,159 $238,400 $0 $238,400
2021 $3,014 $218,400 $0 $218,400
2020 $2,977 $206,000 $0 $206,000
2019 $2,824 $187,000 $0 $187,000
2018 $2,555 $166,100 $0 $166,100
2017 $2,460 $155,100 $0 $155,100
2016 $2,327 $148,500 $0 $148,500
2015 $2,329 $141,900 $0 $141,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72933045

MLS Property Information Network (MLS PIN)

APN: SALE-000036-000000-000423-000803-000803