NOT LISTED FOR SALE

16 Leavitt St Unit 1 Salem, MA 01970

The Point Neighborhood

Estimated Value: $335,000 - $371,000

2 Beds
1 Bath
861 Sq Ft
1930 Built

Last Sold November 17, 2023

Last sale price $315,000 $366 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,166/month

5 Days on Market

Highlights

  • Marina
  • Medical Services
  • Property is near public transit
  • Golf Course Community
  • Deck
  • 4-minute walk to Mary Jane Lee Park

About This Home

As of November 2023

Here is your chance to own a home in what can arguably be called one of the most famous cities in the US! Located in the heart of historic Salem, this light filled, and utterly charming 2-bedroom condo (2nd bedroom is a pass through currently being used as an office) is the perfect opportunity for savvy first time home buyers or investors. This 1st floor unit features high ceilings, beautifully refinished hardwood floors, an eat in kitchen, a private deck, and period details throughout. With its freshly painted interior and newly tiled floors in the kitchen and bathroom, there’s nothing left to do but move in.Heat and hot water included in the condo fee. Located just minutes from downtown shopping and restaurants, Pickering Wharf, Salem State College, and the Commuter Rail.

Last Agent to Sell the Property

Ann Gray

Coldwell Banker Realty - Beverly Listed on: 10/03/2023

Coldwell Banker Realty - Beverly

Last Buyer's Agent

Lisa Ferro

Coldwell Banker Realty - Boston

Coldwell Banker Realty - Boston

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,685

Year Built

  • Built in 1930

Parking

  • Open Parking

Home Design

  • Garden Home
  • Entry on the 1st floor
  • Brick Exterior Construction

Interior Spaces

  • 861 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Range
  • Basement

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • 1 Heating Zone
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Heating System Uses Steam

Listing and Financial Details

  • Assessor Parcel Number 340040806,2135441

Community Details

Overview

  • Property has a Home Owners Association
  • Other Mandatory Fees include Heat, Hot Water, Water, Sewer, Master Insurance, Exterior Maintenance
  • Association fees include heat, water, sewer, insurance, maintenance structure
  • 11 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Golf Course Community
  • Park
  • Jogging Path
  • Bike Trail

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,685

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden
  • Year Built: 1930
  • Entry Level: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Hardwood
  • Entry Location: Unit Placement(Street,Front)
  • Fireplace YN: No
  • Appliances: Range,Refrigerator, Utility Connections for Electric Range
  • Total Bedrooms: 2
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Closet, Flooring - Hardwood
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Closet, Flooring - Hardwood
  • Room Master Bedroom Level: First
  • Room Dining Room Features: Flooring - Hardwood
  • Room Dining Room Level: First
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Stone/Ceramic Tile, Exterior Access
  • Laundry Features: Common Area, In Building
  • Room Living Room Level: First
  • Room Living Room Features: Ceiling Fan(s), Flooring - Hardwood
  • Basement: Y
  • Living Area: 861
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: AN6181
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Deck - Wood
  • Construction Materials: Brick
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood
  • Waterfront Features: Beach Front, 1/10 to 3/10 To Beach
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Cooling: None
  • Heating: Hot Water, Steam, Natural Gas
  • Cooling Y N: No
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Association Amenities: Hot Water
  • Association Fee: 305
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Marina, Public School, T-Station, University
  • Senior Community YN: No
  • OPT FEE INCLUDES: Heat, Hot Water, Water, Sewer, Master Insurance, Exterior Maintenance
  • MANAGEMENT: Owner Association

Fee Information

  • Association Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure

Lot Info

  • Parcel Number: 340040806,2135441
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2685

Multi Family

  • Number Of Units Total: 11
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2023
Closed on
Nov 17, 2023
Sold by
Cox Cynthia B and Cox Duncan B
Bought by
Chea Sokha and Chhoeun Cassidy
Seller's Agent
Ann Gray
Coldwell Banker Realty - Beverly
Buyer's Agent
Lisa Ferro
Coldwell Banker Realty - Boston
List Price
$299,000
Sold Price
$315,000
Premium/Discount to List
$16,000
5.35%
Views
104
Current Estimated Value
$358,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,821
Avg. Annual Appreciation
6.56%
Original Mortgage
$215,000
Outstanding Balance
$211,242
Interest Rate
7.49%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$147,579

Purchase Details

Listed on
Mar 17, 2022
Closed on
Apr 28, 2022
Sold by
Wood Francis A and Woodhead Gail A
Bought by
Cox Cynthia B and Cox Duncan B
Seller's Agent
Melissa Weinand
William Raveis R.E. & Home Services
Buyer's Agent
Maura Allard
Leading Edge Real Estate
List Price
$229,000
Sold Price
$241,000
Premium/Discount to List
$12,000
5.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.73%
Original Mortgage
$192,800
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 4, 2001
Sold by
Lacascia
Bought by
Wood Francis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,900
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 1993
Sold by
Fhlmc
Bought by
La Cascia

Purchase Details

Closed on
Feb 22, 1993
Sold by
Duffy Arthur J and Duffy Fhlmc
Bought by
Fhlmc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chea Sokha $315,000 None Available
Cox Cynthia B $241,000 None Available
Wood Francis A $99,900 --
La Cascia $13,390 --
Fhlmc $18,243 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chea Sokha $215,000
Previous Owner Cox Cynthia B $192,800
Previous Owner Fhlmc $96,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/17/2023 11/17/23 Sold $315,000 +5.4% $366 / Sq Ft
10/09/2023 10/09/23 Pending -- -- --
10/03/2023 10/03/23 For Sale $299,000 +24.1% $347 / Sq Ft
04/28/2022 04/28/22 Sold $241,000 +5.2% $280 / Sq Ft View Prior Sale
03/20/2022 03/20/22 Pending -- -- --
03/17/2022 03/17/22 For Sale $229,000 -- $266 / 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 $3,307 $291,600 $0 $291,600
2024 $2,796 $240,600 $0 $240,600
2023 $2,685 $214,600 $0 $214,600
2022 $2,504 $189,000 $0 $189,000
2021 $2,390 $173,200 $0 $173,200
2020 $2,324 $160,800 $0 $160,800
2019 $2,368 $156,800 $0 $156,800
2018 $2,181 $141,800 $0 $141,800
2017 $2,125 $134,000 $0 $134,000
2016 $1,899 $121,200 $0 $121,200
2015 $1,830 $111,500 $0 $111,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73166267

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000040-000806-000806