NOT LISTED FOR SALE

Estimated Value: $669,000 - $748,000

2 Beds
2 Baths
1,440 Sq Ft
$300/mo HOA Fee

Last Sold April 30, 2021

Last sale price $610,000 $424 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,950/month

31 Days on Market

Highlights

  • Harbor Views
  • Tankless Water Heater
  • ENERGY STAR Qualified Dryer
  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 4-minute walk to Collins Cove Park

About This Home

As of April 2021

Introducing The Cove at Spring Condominiums, newly constructed, 2yrs old modern condominium with stunning water views, just steps away from the Commuter Rail into Boston, the waterfront, and downtown Salem's shopping, restaurants and museums. This two bedroom, two full bath unit features an open floor plan perfect for living and entertaining, high ceilings and ample windows providing incredible natural sunlight, a contemporary state of the art kitchen with KitchenAid stainless appliances and Quartz countertops, gleaming hardwood floors throughout, in-unit laundry, designer tile in the baths including a custom walk-in master shower, and a Nest thermostat. ALL NEW plumbing, electrical and heating/cooling systems, gas-powered forced hot air and central air units, and a Rinnai tankless hot water heater. Brand new rubber roof and Hardie Board siding. This maintenance free building, with two deeded parking spots, and a private, beach-rail deck overlooking the water.

Last Listed By

Merry Fox Team

MerryFox Realty Listed on: 02/04/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,455

Year Built

  • Built in 1920

Lot Details

  • 7,405

HOA Fees

  • $300 per month

Kitchen

  • Oven
  • Range Hood
  • Microwave
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher
  • ENERGY STAR Range
  • Disposal

Laundry

  • Laundry in unit
  • ENERGY STAR Qualified Dryer
  • ENERGY STAR Qualified Washer

Utilities

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

Additional Features

  • Harbor Views
  • Wood Flooring
  • Year Round Access
  • Basement

Community Details

  • Call for details about the types of pets allowed

Listing and Financial Details

  • Assessor Parcel Number M:36 L:0462 S:802

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,455

Year Built

Built in 1920

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Garden
  • Other Agent: 2.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 416.32
  • Comp Based On: Net Sale Price
  • Year Built: 1920
  • Lead Paint: Unknown
  • Year Round: Yes
  • Unit Building: 2
  • Unit Level: 2
  • Unit Placement: Middle
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1920

Interior Features

  • Fireplaces: 1
  • Flooring: Hardwood
  • Appliances: Range, Disposal, Microwave, Refrigerator, Refrigerator - ENERGY STAR, Dryer - ENERGY STAR, Dishwasher - ENERGY STAR, Washer - ENERGY STAR, Vent Hood, Range - ENERGY STAR, Oven - ENERGY STAR
  • No Bedrooms: 2
  • Master Bedroom: On Level: Second Floor, Closet - Walk-in, Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting
  • Bedroom 2: On Level: Second Floor, Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting
  • Full Bathrooms: 2
  • Primary Bathroom: Yes
  • Bathroom 1: On Level: Second Floor, Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile, Recessed Lighting
  • Bathroom 2: On Level: Second Floor, Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Recessed Lighting
  • No Rooms: 5
  • Dining Room: On Level: Second Floor
  • Kitchen: On Level: Second Floor, Closet/Cabinets - Custom Built, Flooring - Hardwood, Balcony / Deck, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Stainless Steel Appliances, Lighting - Pendant
  • Laundry: On Level: Second Floor, Flooring - Stone/Ceramic Tile
  • Laundry Features: In Unit
  • Living Room: On Level: Second Floor, Fireplace, Closet/Cabinets - Custom Built, Flooring - Hardwood, Open Floor Plan, Recessed Lighting
  • Basement: Y
  • No Living Levels: 3
  • Main Lo: C95279
  • Main So: BB5733
  • Estimated Sq Ft: 1440.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 0 to 1/10 Mile
  • Waterview Features: Harbor
  • Waterview Flag: Yes
  • Construction: Frame
  • Roof Material: Rubber
  • Exterior: Wood
  • Insulation Feature: Partial
  • Exterior Unit Features: Deck - Composite, Patio

Garage/Parking

  • Parking Feature: Off-Street, Assigned, Deeded
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Cooling: Central Air
  • Cooling Zones: 1
  • Heating: Forced Air, Gas
  • Heat Zones: 1
  • Hot Water: Tankless

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Bike Path, Conservation Area, Marina, Private School, Public School, T-Station, University
  • HOA Fees: 300.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping, Snow Removal, Reserve Funds
  • Condo Association: Yes

Association/Amenities

  • Condominium Name: The Cove at Spring Condominium 13 Spring

Lot Info

  • Assessments: 481300.00
  • Acre: 0.17
  • Lot Size: 7593.00
  • Page: 399
  • Parcel Number: M:36 L:0462 S:802
  • Zoning: R2

Green Features

  • Energy Features: Insulated Windows, Insulated Doors, Prog. Thermostat

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 6955.00
  • Assessor Parcel Number: 5075358
  • Tax Year: 2020

Multi Family

  • No Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2021
Closed on
Apr 30, 2021
Sold by
Neville Kathleen M and Norton Christopher B
Bought by
Larosa Elizabeth L and Larosa Robert A
Seller's Agent
Merry Fox Team
MerryFox Realty
Buyer's Agent
Cheryl Dukeman
Dukeman Real Estate
List Price
$609,900
Sold Price
$610,000
Premium/Discount to List
$100
0.02%
Total Days on Market
31
Current Estimated Value
$723,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,339
Avg. Annual Appreciation
4.06%
Original Mortgage
$488,000
Outstanding Balance
$447,230
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$269,406

Purchase Details

Listed on
Apr 16, 2019
Closed on
May 20, 2019
Sold by
Przydzial Rt and Shea
Bought by
Neville Kathleen M and Norton Christopher B
Seller's Agent
Jenna Lovely
The Lovely Advisory LLC
Buyer's Agent
Merry Fox Team
MerryFox Realty
List Price
$544,900
Sold Price
$540,000
Premium/Discount to List
-$4,900
-0.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.45%
Original Mortgage
$350,000
Interest Rate
4%
Mortgage Type
New Conventional

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
Larosa Elizabeth L $610,000 None Available
Larosa Elizabeth L $610,000 None Available
Neville Kathleen M $540,000 --
Neville Kathleen M $540,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Larosa Elizabeth L $488,000
Closed Larosa Elizabeth L $488,000
Previous Owner Neville Kathleen M $348,700
Previous Owner Neville Kathleen M $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $610,000 +1.8% $424 / Sq Ft
03/07/2021 03/07/21 Pending -- -- --
03/03/2021 03/03/21 Price Changed $599,500 -1.7% $416 / Sq Ft
02/04/2021 02/04/21 For Sale $609,900 +12.9% $424 / Sq Ft
05/20/2019 05/20/19 Sold $540,000 -0.9% $375 / Sq Ft
04/22/2019 04/22/19 Pending -- -- --
04/16/2019 04/16/19 For Sale $544,900 -- $378 / 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 $7,455 $657,400 $0 $657,400
2024 $7,425 $639,000 $0 $639,000
2023 $7,230 $577,900 $0 $577,900
2022 $7,024 $530,100 $0 $530,100
2021 $6,912 $500,900 $0 $500,900
2020 $6,955 $481,300 $0 $481,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72782316

MLS Property Information Network (MLS PIN)

APN: 36-0462-802