NOT LISTED FOR SALE

Estimated Value: $518,000 - $558,000

2 Beds
1 Bath
1,016 Sq Ft
$200/mo HOA Fee

Last Sold August 15, 2023

Last sale price $526,000 $518 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,720/month

6 Days on Market

Highlights

  • Marina
  • No Units Above
  • Wood Flooring
  • Medical Services
  • Property is near public transit
  • 1-minute walk to Swiniuch Park

About This Home

As of August 2023

Looking for that perfect combination of a fully renovated 2+ bedroom condo nestled in the heart of the popular, historic Derby Wharf area? Close to neighborhood restaurants, ferry and train service to Boston, the waterfront area and popular Salem landmarks, sits this freshly painted condo ready for its next buyer. The light, bright open plan, living/dining/kitchen area includes wooden floors throughout, numerous windows, custom shades and a private porch overlooking several backyard gardens.The designer kitchen includes an island, granite countertops and SS appliances. The additional home office is tucked away and can be closed off if needed. There are two generous bedrooms with wooden floors and closets. The large bathroom has a double vanity sink unit and the laundry is in a hall closet. There is a secret garden to the rear of the property lovingly maintained, used by all for grilling and entertaining. Fully owner occupied. Basement storage. See the best Salem has to offer!

Last Listed By

Katherine McKnight

Coldwell Banker Realty - Beverly Listed on: 06/13/2023

Coldwell Banker Realty - Beverly

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,513

Year Built

  • Built in 1870

Lot Details

  • No Units Above
  • Fenced
  • Sprinkler System

HOA Fees

  • $200 Monthly HOA Fees

Home Design

  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 1,016 Sq Ft Home
  • 1-Story Property
  • Sheet Rock Walls or Ceilings
  • Insulated Windows
  • Home Office
  • Basement

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • ENERGY STAR Qualified Dryer
  • ENERGY STAR Qualified Washer

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Balcony
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Salem Public Elementary And Middle School
  • Salem High School

Utilities

  • Window Unit Cooling System
  • 1 Heating Zone
  • Heating System Uses Oil
  • Baseboard Heating
  • 100 Amp Service
  • Oil Water Heater

Listing and Financial Details

  • Legal Lot and Block 803 / 0371
  • Assessor Parcel Number M:35 L:0371 S: 803,5033458

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, ground maintenance, reserve funds
  • 4 Units

Amenities

  • Medical Services
  • Community Garden
  • Common Area
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Tennis Courts
  • Park

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,513

Year Built

Built in 1870

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Other (See Remarks)
  • Year Built: 1870
  • Buyer Agency: 2.0
  • Entry Level: 2
  • Transaction Broker: 0.0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood, Tile
  • Interior Amenities: Office, Finish - Sheetrock
  • Entry Location: Unit Placement(Front)
  • Fireplace YN: No
  • Appliances: Range,Microwave,ENERGY STAR Qualified Refrigerator,ENERGY STAR Qualified Dryer,ENERGY STAR Qualified Dishwasher,ENERGY STAR Qualified Washer,Range Hood,Range - ENERGY STAR, Oil Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: First
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Level: First
  • Master Bathroom Features: Yes
  • Bathroom 1 Level: First
  • Room Dining Room Level: First
  • Room Kitchen Level: First
  • Laundry Features: First Floor, In Unit
  • Room Living Room Level: First
  • Room Office Level: First
  • Basement: Y
  • Accessibility Features: No
  • Living Area: 1016
  • Spa YN: No
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 457.68
  • PRICE PER Sq Ft: 517.72
  • MAIN SO: AN4850

Exterior Features

  • Exterior Features: Balcony, Sprinkler System
  • Common Walls: No One Above
  • Construction Materials: Frame
  • Fencing: Fenced
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Roof: Rubber
  • Waterfront Features: Beach Front, Harbor, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven, for Electric Dryer
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Oil
  • Cooling Y N: Yes
  • Electric: 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: Salem
  • HEAT ZONES: 1
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Association Amenities: Garden Area
  • Association Fee: 200
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Medical Facility, Laundromat, House of Worship, Marina, Public School, T-Station, University
  • Senior Community YN: No
  • UNIT BUILDING: 3
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: M:35 L:0371 S: 803,5033458
  • Zoning: B1
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4299
  • Lot Size Units: Acres
  • PAGE: 195
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5513
  • Tax Block: 0371
  • Tax Book Number: 36144
  • Tax Lot: 803
  • Tax Map Number: 35

Multi Family

  • Number Of Units Total: 4
  • Basement Included Sq Ft: No
  • NO UNITS OWNER OCC: 4

MLS Schools

  • High School: Salem High
  • Elementary School: Salem Public
  • Middle Or Junior School: Salem Public

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2023
Closed on
Aug 15, 2023
Sold by
Struble David
Bought by
Costello Karen J
Seller's Agent
Katherine McKnight
Coldwell Banker Realty - Beverly
Buyer's Agent
Rachel Person
William Raveis Real Estate
List Price
$465,000
Sold Price
$526,000
Premium/Discount to List
$61,000
13.12%
Total Days on Market
6
Views
93
Current Estimated Value
$546,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,594
Avg. Annual Appreciation
1.76%
Original Mortgage
$276,000
Outstanding Balance
$270,947
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$271,487

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
Costello Karen J $526,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Costello Karen J $276,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2023 08/15/23 Sold $526,000 +13.1% $518 / Sq Ft
06/20/2023 06/20/23 Pending -- -- --
06/13/2023 06/13/23 For Sale $465,000 +33.2% $458 / Sq Ft
08/31/2017 08/31/17 Sold $349,000 0.0% $344 / Sq Ft
07/14/2017 07/14/17 Pending -- -- --
07/05/2017 07/05/17 Price Changed $349,000 -5.4% $344 / Sq Ft
06/23/2017 06/23/17 For Sale $369,000 0.0% $363 / Sq Ft
06/20/2017 06/20/17 Pending -- -- --
05/04/2017 05/04/17 Price Changed $369,000 -7.5% $363 / Sq Ft
05/01/2017 05/01/17 For Sale $399,000 0.0% $393 / Sq Ft
04/21/2017 04/21/17 Pending -- -- --
04/11/2017 04/11/17 For Sale $399,000 -- $393 / 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 $5,704 $503,000 $0 $503,000
2024 $5,697 $490,300 $0 $490,300
2023 $5,513 $440,700 $0 $440,700
2022 $5,336 $402,700 $0 $402,700
2021 $5,251 $380,500 $0 $380,500
2020 $5,182 $358,600 $0 $358,600
2019 $4,912 $325,300 $0 $325,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73124016

MLS Property Information Network (MLS PIN)

APN: 35-0371-803