NOT LISTED FOR SALE

145 Federal St Unit 1 Salem, MA 01970

Estimated Value: $612,000 - $642,000

2 Beds
2 Baths
1,296 Sq Ft
$278/mo HOA Fee

Last Sold May 14, 2024

Last sale price $599,900 $463 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,175/month

49 Days on Market

Highlights

  • Property is near public transit
  • 1 Fireplace
  • Park
  • Wood Flooring
  • Patio
  • Shops

About This Home

As of May 2024

This unexpected gem is hidden behind a historic Italianate facade on beautiful tree-lined Federal street in the McIntire District of downtown Salem. Pass through the classic Victorian-style front hall with antique doors and original woodwork by a stunning curved staircase and step through the door into another world. High ceilings, huge sun-drenched windows, and skylight open to the first and lower levels make this space feel open and airy. The main level features an updated kitchen and dining area, laundry, and master suite with full bathroom. This space is open to a lower-level living room with two-story vaulted ceiling and windows, working fireplace and views of/access to an exclusive and private exquisite sunken garden/patio area. The lower level also includes a huge second bedroom with full bathroom. This unusual opportunity also includes deeded off-street parking. Right in the center of everything but with the feeling of being much removed, must be seen to know!

Last Agent to Sell the Property

Merry Fox Team

MerryFox Realty Listed on: 02/22/2024

Co-Listed By

Dan Fox

MerryFox Realty

Last Buyer's Agent

Melissa Addis

Buyers Choice Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,281

Year Built

  • Built in 1859

HOA Fees

  • $278 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,296 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 1 Car Parking Space
  • Off-Street Parking
  • Deeded Parking

Utilities

  • Forced Air Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone

Additional Features

  • Patio
  • Garden
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 801 / 0212
  • Assessor Parcel Number 25 0212 801,2131588

Community Details

Overview

  • Association fees include water, sewer, insurance, snow removal
  • 4 Units
  • 145 Federal Street Condominium Community

Amenities

  • Shops

Recreation

  • Park

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,281

Year Built

Built in 1859

Lot Details

0

HOA Fees

$278 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: 2/3 Family
  • Year Built: 1859
  • Buyer Agency: 2
  • Entry Level: 1
  • Transaction Broker: 2
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Wood, Tile, Carpet
  • Entry Location: Unit Placement(Street)
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: Basement
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Bathroom 1 Features: Bathroom - Full
  • Bathroom 1 Level: First
  • Bathroom 2 Level: Basement
  • Bathroom 2 Features: Bathroom - Full
  • Room Dining Room Level: First
  • Room Kitchen Level: First
  • Laundry Features: First Floor, In Unit
  • Room Living Room Level: Basement
  • Basement: N
  • Living Area: 1296
  • Spa YN: No
  • Stories Total: 2
  • MAIN LO: C95279
  • LIST PRICE PER Sq Ft: 462.89
  • PRICE PER Sq Ft: 462.89
  • MAIN SO: C01900
  • Insulation: Unknown

Exterior Features

  • Exterior Features: Patio, Garden
  • Construction Materials: Frame
  • Home Warranty YN: No
  • Patio And Porch Features: Patio
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Deeded
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Fee: 278
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Park
  • Senior Community YN: No
  • UNIT BUILDING: 1
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Snow Removal

Lot Info

  • Parcel Number: 25 0212 801,2131588
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • PAGE: 138
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6281
  • Tax Block: 0212
  • Tax Book Number: 30588
  • Tax Lot: 801
  • Tax Map Number: 25

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2024
Closed on
May 14, 2024
Sold by
Morton Keith I
Bought by
Hooke David H and Hooke Hallie
Seller's Agent
Merry Fox Team
MerryFox Realty
Buyer's Agent
Melissa Addis
Buyers Choice Realty
List Price
$619,900
Sold Price
$599,900
Premium/Discount to List
-$20,000
-3.23%
Views
439
Current Estimated Value
$623,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,517
Avg. Annual Appreciation
4.42%
Original Mortgage
$479,920
Outstanding Balance
$474,844
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$160,553

Purchase Details

Closed on
Aug 12, 2011
Sold by
Labonte Kathleen
Bought by
Morton Keith I

Purchase Details

Closed on
Dec 29, 1992
Sold by
Usovicz Stanley J and Usovicz Mary
Bought by
Lobonte Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.31%
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
Hooke David H $599,900 None Available
Hooke David H $599,900 None Available
Morton Keith I $320,000 --
Morton Keith I $320,000 --
Lobonte Kathleen $135,000 --
Lobonte Kathleen $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hooke David H $479,920
Closed Hooke David H $479,920
Previous Owner Usovicz Stanley $100,566
Previous Owner Usovicz Stanley $112,000
Previous Owner Usovicz Stanley $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2024 05/14/24 Sold $599,900 0.0% $463 / Sq Ft
04/12/2024 04/12/24 Pending -- -- --
03/12/2024 03/12/24 Price Changed $599,900 -3.2% $463 / Sq Ft
02/22/2024 02/22/24 For Sale $619,900 -- $478 / 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 $6,322 $557,500 $0 $557,500
2024 $6,281 $540,500 $0 $540,500
2023 $6,150 $491,600 $0 $491,600
2022 $6,014 $453,900 $0 $453,900
2021 $5,927 $429,500 $0 $429,500
2020 $5,753 $398,100 $0 $398,100
2019 $5,629 $372,800 $0 $372,800
2018 $5,451 $354,400 $0 $354,400
2017 $5,345 $337,000 $0 $337,000
2016 $4,997 $318,900 $0 $318,900
2015 $5,135 $312,900 $0 $312,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73204724

MLS Property Information Network (MLS PIN)

APN: SALE-000025-000000-000212-000801-000801