NOT LISTED FOR SALE

118 Federal St Salem, MA 01970

Estimated Value: $510,785 - $600,000

1 Bed
1 Bath
841 Sq Ft
1782 Built

Last Sold November 02, 2020

Last sale price $415,000 $493 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,121/month

7 Days on Market

About This Home

As of November 2020

Fall in love with this stunning, oversized one-bedroom condo in the Leach Nichols House (c.1782) located on Federal Street, in the sought-after McIntire Historic District. This home mixes Federal-style charm with the right updates set in one of the most coveted yards in the District. Rare for these condos-two private entrances to private parking and yard. Inside, period fireplaces are set against newly refinished pine floors. Enjoy an eat-in kitchen with nicely pointed updates, beamed ceilings and period brick accents. Living room boasts a large fireplace with soapstone hearth, high ceilings and beautiful garden views.The bedroom is suite-like with a stunning McIntire marble fireplace, full sofa and desk. Updated bath with in-suite laundry and a formal foyer with coat closet complete the space. Central air, newly added furnace, Nest. Additional storage in basement. 2 tandem parking spaces. Mins walk to train, waterfront, museums & all that downtown Salem has to offer ***BY APPT ONLY***

Last Agent to Sell the Property

Jeremy McElwain

Keller Williams Realty Evolution Listed on: 08/24/2020

Keller Williams Realty Evolution

Last Buyer's Agent

Maggie Gibson

MerryFox Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,504

Year Built

  • Built in 1782

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Natural Gas Water Heater

Additional Features

  • Basement

Community Details

  • Pets Allowed

Listing and Financial Details

  • Assessor Parcel Number M:26 L:0592 S:801

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,504

Year Built

Built in 1782

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Other Agent: 1.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 425.56
  • Comp Based On: Net Sale Price
  • Year Built: 1782
  • Lead Paint: Unknown
  • Unit Building: 118
  • Unit Level: 1
  • Unit Placement: Corner
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1782

Interior Features

  • Fireplaces: 3
  • No Bedrooms: 1
  • Full Bathrooms: 1
  • No Rooms: 3
  • Basement: Y
  • No Living Levels: 1
  • Main Lo: C95098
  • Main So: C95279
  • Estimated Sq Ft: 841.00

Exterior Features

  • Exterior: Wood
  • Exterior Unit Features: Patio, Fenced Yard, Garden Area

Garage/Parking

  • Parking Feature: Tandem
  • Parking Spaces: 2
  • Garage Parking: Deeded

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping
  • HOA Fees: 225.17
  • Association Fee Includes: Water, Sewer, Master Insurance, Snow Removal
  • Condo Association: Yes

Lot Info

  • Assessments: 271900.00
  • Page: 522
  • Parcel Number: M:26 L:0592 S:801
  • Zoning: 999

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Taxes: 3929.00
  • Assessor Parcel Number: 2132865
  • Tax Year: 2020

Multi Family

  • No Units: 5
  • No Units Owner Occ: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2020
Closed on
Oct 26, 2020
Sold by
Natale Diane
Bought by
Peck Barbara
Seller's Agent
Jeremy McElwain
Keller Williams Realty Evolution
Buyer's Agent
Maggie Gibson
MerryFox Realty
List Price
$357,900
Sold Price
$415,000
Premium/Discount to List
$57,100
15.95%
Current Estimated Value
$486,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,151
Avg. Annual Appreciation
5.74%
Original Mortgage
$70,000
Outstanding Balance
$62,997
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$478,699

Purchase Details

Closed on
Oct 5, 2018
Sold by
Oneil Patricia A
Bought by
Natale Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2016
Sold by
Terzian Donna
Bought by
Oneil Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,950
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 17, 2013
Closed on
Dec 27, 2013
Sold by
Anderson 3Rd Alf U and Anderson Heather
Bought by
Terzian Donna
Seller's Agent
Pam McKee
Keller Williams Realty Evolution
Buyer's Agent
Daniel Barton
Keller Williams Realty Evolution
List Price
$199,000
Sold Price
$190,000
Premium/Discount to List
-$9,000
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.43%

Purchase Details

Closed on
Jun 1, 2006
Sold by
Jaillet Tracy L
Bought by
Anderson 3Rd Alf U

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
6.59%

Purchase Details

Closed on
Jan 26, 1996
Sold by
Conrad Joanne C
Bought by
Marino Janet

Purchase Details

Closed on
Feb 28, 1989
Sold by
Bailey James A
Bought by
Conrad Joanne C
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 Buyer Sale Price Title Company
Peck Barbara $415,000 None Available
Natale Diane $327,457 --
Oneil Patricia A $235,000 --
Terzian Donna $190,000 --
Anderson 3Rd Alf U $270,000 --
Marino Janet $103,000 --
Conrad Joanne C $122,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peck Barbara $70,000
Previous Owner Natale Diane $304,000
Previous Owner Oneil Patricia A $227,950
Previous Owner Conrad Joanne C $54,000
Previous Owner Conrad Joanne C $216,000
Previous Owner Conrad Joanne C $54,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2020 11/02/20 Sold $415,000 +16.0% $493 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
08/24/2020 08/24/20 For Sale $357,900 +88.4% $426 / Sq Ft
12/27/2013 12/27/13 Sold $190,000 -4.5% $226 / Sq Ft
10/02/2013 10/02/13 Pending -- -- --
09/17/2013 09/17/13 For Sale $199,000 -- $237 / 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 $5,504 $485,400 $0 $485,400
2024 $5,080 $437,200 $0 $437,200
2023 $4,835 $386,500 $0 $386,500
2022 $4,610 $347,900 $0 $347,900
2021 $4,459 $323,100 $0 $323,100
2020 $3,929 $271,900 $0 $271,900
2019 $3,704 $241,900 $0 $241,900
2018 $3,461 $225,000 $0 $225,000
2017 $3,484 $219,700 $0 $219,700
2016 $3,159 $201,600 $0 $201,600
2015 $3,197 $194,800 $0 $194,800
Source: Public Records

Agents Affiliated with this Home

  • Jeremy McElwain

    Seller's Agent in 2020

    Jeremy McElwain

    Keller Williams Realty Evolution

    (617) 413-6519

    59 Total Sales

    Section Image
  • Maggie Gibson

    Buyer's Agent in 2020

    Maggie Gibson

    MerryFox Realty

    (978) 852-1566

    30 Total Sales

    Section Image
  • Pam McKee

    Seller's Agent in 2013

    Pam McKee

    Keller Williams Realty Evolution

    (978) 500-4047

    102 Total Sales

    Section Image

  • D

    Buyer's Agent in 2013

    Daniel Barton

    Keller Williams Realty Evolution

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72714555

MLS Property Information Network (MLS PIN)

APN: SALE-000026-000000-000592-000801-000801

Massachusetts Essex County Salem 01970

118 Federal St, Salem, MA

This home is located at 118 Federal St, Salem, MA 01970 since 24 August 2020 and is currently estimated at $541,696, approximately $644 per square foot. This property was built in 1782. 118 Federal St is a home located in Essex County with nearby schools including Horace Mann Laboratory, Carlton Elementary School, and Saltonstall 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