$195,000
SOLD DEC 2, 2016

16 Forest Ave Unit 3 Salem, MA 01970

South Salem Neighborhood
2 Beds
1 Bath
1,096 Sq Ft
1920 Built

Recently Sold

$178 Per Sq Ft

2% Below List Price

21 Days on Market

About This Home

As of June 2022

~ Fabulous Penthouse Condo ~ Amazing Value ~ This bright and sunny 6 room, 2 bedroom 1 bath offers hardwood flrs, updated kitchen, replacement windows and private porch. Featuring tall ceilings, spacious and airy rooms and a flexible floor plan. Conveniently located near downtown Salem, Forest River Park, SSU and public transpiration. Low condo fee. OPEN HOUSE SUNDAY Oct 2nd 2-3pm

Last Agent to Sell the Property

Zoe Karademos

Coldwell Banker Realty - Beverly Listed on: 09/30/2016

Coldwell Banker Realty - Beverly

Last Buyer's Agent

Zoe Karademos

Coldwell Banker Realty - Beverly Listed on: 09/30/2016

Coldwell Banker Realty - Beverly

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2025
Sold by
Quillen Karen
Bought by
Kq Rental Llc
Total Days on Market
21
Current Estimated Value
$381,418

Purchase Details

Listed on
May 3, 2022
Closed on
Jun 10, 2022
Sold by
Albeilani Nour
Bought by
Quillen Karen
Seller's Agent
Zoe Karademos
Coldwell Banker Realty - Beverly
Buyer's Agent
Jim Armstrong
Aluxety
List Price
$315,000
Sold Price
$320,000
Premium/Discount to List
$5,000
1.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.84%

Purchase Details

Listed on
Sep 30, 2016
Closed on
Dec 2, 2016
Sold by
Hanlon Harold and Hanlon Judith
Bought by
Albeilani Nour
Seller's Agent
Zoe Karademos
Coldwell Banker Realty - Beverly
Buyer's Agent
Zoe Karademos
Coldwell Banker Realty - Beverly
List Price
$199,900
Sold Price
$195,000
Premium/Discount to List
-$4,900
-2.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.37%
Original Mortgage
$175,500
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 12, 2012
Closed on
Dec 28, 2012
Sold by
Day Sushila
Bought by
Hanlon Harold
Seller's Agent
Margaret Cain
D. M. Greene Realty
Buyer's Agent
Kathy Fogg
Coldwell Banker Realty - Waltham
List Price
$164,900
Sold Price
$150,000
Premium/Discount to List
-$14,900
-9.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.90%

Purchase Details

Closed on
Oct 21, 1999
Sold by
Forker James B
Bought by
Day Sushila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,900
Interest Rate
7.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 19, 1987
Sold by
Hyland Prop Mgmt Tr
Bought by
Forker James B
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Condominium Deed -- None Available
Condominium Deed -- None Available
Condominium Deed $320,000 None Available
Condominium Deed $320,000 None Available
Not Resolvable $195,000 --
Not Resolvable $150,000 --
Deed $114,900 --
Deed $114,900 --
Deed $115,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $175,000 Credit Line Revolving
Previous Owner $175,500 New Conventional
Previous Owner $90,300 No Value Available
Previous Owner $91,900 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2022 06/13/22 Sold $320,000 +1.6% $292 / Sq Ft
05/11/2022 05/11/22 Pending -- -- --
05/03/2022 05/03/22 For Sale $315,000 +61.5% $287 / Sq Ft
12/02/2016 12/02/16 Sold $195,000 -2.5% $178 / Sq Ft
10/21/2016 10/21/16 Pending -- -- --
09/30/2016 09/30/16 For Sale $199,900 +33.3% $182 / Sq Ft
12/28/2012 12/28/12 Sold $150,000 -6.2% $137 / Sq Ft
12/05/2012 12/05/12 Pending -- -- --
10/04/2012 10/04/12 Price Changed $159,900 -3.0% $146 / Sq Ft
08/12/2012 08/12/12 For Sale $164,900 -- $150 / 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 $3,784 $333,700 $0 $333,700
2024 $3,695 $318,000 $0 $318,000
2023 $3,707 $296,300 $0 $296,300
2022 $3,596 $271,400 $0 $271,400
2021 $3,538 $256,400 $0 $256,400
2020 $3,430 $237,400 $0 $237,400
2019 $3,254 $215,500 $0 $215,500
2018 $3,019 $196,300 $0 $196,300
2017 $2,958 $186,500 $0 $186,500
2016 $2,799 $178,600 $0 $178,600
2015 $2,801 $170,700 $0 $170,700
Source: Public Records

Agents Affiliated with this Home

  • Zoe Karademos

    Seller's Agent in 2022

    Zoe Karademos

    Coldwell Banker Realty - Beverly

    (781) 405-7122

    10 in this area

    73 Total Sales

    Zoe Karademos
    Section Image
  • Jim Armstrong

    Buyer's Agent in 2022

    Jim Armstrong

    Aluxety

    (978) 394-6736

    5 in this area

    64 Total Sales

    Jim Armstrong
    Section Image

  • M

    Seller's Agent in 2012

    Margaret Cain

    D. M. Greene Realty

    (781) 439-7912

    7 Total Sales

    Margaret Cain
    Section Image

  • K

    Buyer's Agent in 2012

    Kathy Fogg

    Coldwell Banker Realty - Waltham

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72075344

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000020-000803-000803

Massachusetts Essex County Salem 01970 South Salem

16 Forest Ave Unit 3, Salem, MA

This home is located at 16 Forest Ave Unit 3, Salem, MA 01970 and is currently priced at $195,000, approximately $177 per square foot. This property was built in 1920. 16 Forest Ave Unit 3 is a home located in Essex County with nearby schools including Saltonstall School, Horace Mann Laboratory, and Carlton Elementary 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.

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