NOT LISTED FOR SALE

126 Federal St Unit 2 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $603,000 - $701,000

3 Beds
2 Baths
1,600 Sq Ft
1782 Built

Last Sold October 26, 2012

Last sale price $195,000 $122 Per Sq Ft

Est. 227% increase in value since last sale

Current estimated payment $3,822/month

119 Days on Market

About This Home

As of October 2012

Antique townhouse w/FP's, wide pine flrs, raised paneling, floor to ceiling built in bookcases, skylights. Kit & dining have open layout and formal living rm awaits your stylish decor! Desirable McIntire Hist Dist, close to train & town.Seller's 1st Look for owner occupants & NSP buyers thru 6/13/12. Purchase for as little as 3% down. Qualifies for HomePath Mortgage or HomePath Renovation! Seller has directed that all offers be made using their Online Offer System, See attached Instructions.

Last Agent to Sell the Property

Carol St. Pierre

Tache Real Estate, Inc. Listed on: 05/29/2012

Last Buyer's Agent

Pam McKee

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,779

Year Built

1782

Lot Details

0

Listing Details

  • Unit Level: 2
  • Unit Placement: Upper
  • Special Features: 20
  • Property Sub Type: Condos
  • Year Built: 1782

Interior Features

  • Has Basement: Yes
  • Fireplaces: 2
  • Number of Rooms: 7
  • Amenities: Public Transportation, Shopping, Park, T-Station
  • Flooring: Wood
  • Bedroom 2: Third Floor
  • Bedroom 3: Third Floor
  • Bathroom #1: Second Floor
  • Bathroom #2: Third Floor
  • Kitchen: Second Floor
  • Laundry Room: Second Floor
  • Living Room: Second Floor
  • Master Bedroom: Second Floor
  • Dining Room: Second Floor
  • Family Room: Second Floor

Exterior Features

  • Exterior: Wood

Garage/Parking

  • Parking Spaces: 0

Utilities

  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Association Fee Includes: Water, Sewer, Master Insurance
  • No Units: 2
  • Unit Building: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2012
Closed on
Oct 30, 2012
Sold by
Fnma
Bought by
Medina-Pat Patricia
Seller's Agent
Carol St. Pierre
Tache Real Estate, Inc.
Buyer's Agent
Pam McKee
Keller Williams Realty Evolution
List Price
$189,900
Sold Price
$195,000
Premium/Discount to List
$5,100
2.69%
Current Estimated Value
$636,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$441,877
Avg. Annual Appreciation
9.43%
Original Mortgage
$185,250
Outstanding Balance
$129,037
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$507,840

Purchase Details

Closed on
Jul 10, 2012
Sold by
Bassett Eric W
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 10, 2002
Sold by
Derrico Josehp F
Bought by
Bassett Eric W and Bassett Justine N

Purchase Details

Closed on
Apr 3, 1992
Sold by
Hedstrom Carol D
Bought by
Derrico Joseph
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Medina-Pat Patricia $195,000 --
Federal National Mortgage Association $299,781 --
Bassett Eric W $349,000 --
Derrico Joseph $154,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Derrico Joseph $185,250
Previous Owner Derrico Joseph $73,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2012 10/26/12 Sold $195,000 +2.7% $122 / Sq Ft
09/25/2012 09/25/12 Pending -- -- --
09/24/2012 09/24/12 For Sale $189,900 -2.6% $119 / Sq Ft
09/23/2012 09/23/12 Off Market $195,000 -- --
08/24/2012 08/24/12 Price Changed $189,900 -5.0% $119 / Sq Ft
08/10/2012 08/10/12 Price Changed $199,900 -11.1% $125 / Sq Ft
07/16/2012 07/16/12 Price Changed $224,900 -16.7% $141 / Sq Ft
07/09/2012 07/09/12 Price Changed $269,900 -5.3% $169 / Sq Ft
05/29/2012 05/29/12 For Sale $284,900 -- $178 / 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 $5,779 $509,600 $0 $509,600
2024 $5,631 $484,600 $0 $484,600
2023 $5,438 $434,700 $0 $434,700
2022 $5,287 $399,000 $0 $399,000
2021 $5,203 $377,000 $0 $377,000
2020 $5,099 $352,900 $0 $352,900
2019 $4,830 $319,900 $0 $319,900
2018 $4,489 $291,900 $0 $291,900
2017 $4,404 $277,700 $0 $277,700
2016 $4,168 $266,000 $0 $266,000
2015 $4,171 $254,200 $0 $254,200
Source: Public Records

Agents Affiliated with this Home

  • Carol St. Pierre

    Seller's Agent in 2012

    Carol St. Pierre

    Tache Real Estate, Inc.

    (978) 578-1922

    2 in this area

    44 Total Sales

    Carol St. Pierre
    Section Image
  • Pam McKee

    Buyer's Agent in 2012

    Pam McKee

    Keller Williams Realty Evolution

    (978) 500-4047

    26 in this area

    90 Total Sales

    Pam McKee
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71389617

MLS Property Information Network (MLS PIN)

APN: SALE-000026-000000-000575-000802-000802

Massachusetts Essex County Salem 01970 Downtown Salem

126 Federal St Unit 2, Salem, MA

Not Listed for Sale

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