$515,000
SOLD AUG 22, 2024

160 Lafayette St Unit 2 Salem, MA 01970

The Point Neighborhood
2 Beds
1 Bath
1,330 Sq Ft
$306/mo HOA Fee

Recently Sold

$387 Per Sq Ft

3% Above List Price

5 Days on Market

Highlights

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

About This Home

As of August 2024

Brimming with updates, this spacious 2+ bed condo in a hidden gem of a neighborhood is the perfect place to start your home ownership journey! Who says "adulting" needs to be boring? At 160 Lafayette, you'll truly thrive with a 97 Walk Score highlighted by vibey nightlife (hello Hotel Salem rooftop bar), delicious brunch at Ledger, cozy neighborhood hangs at The Babe, and all the culture (Peabody Essex Museum, Salem Pioneer Village) this historic community has to offer. You're close to *everything*, yet far enough away to enjoy "me time" peacefully. At home - YOUR home - you'll enjoy new appliances (in-unit laundry, dishwasher, gas stove w/ air fryer, SS fridge), recent lead paint treatment, an updated bathroom, new light fixtures, and absolutely stunning hardwood floors soaked in natural light. The living room at sunrise is a sight to behold! Private back deck, front balcony, storage space in the basement, and substantial recent exterior updates round out the property. Come see!

Last Agent to Sell the Property

Adam Shulman

Leading Edge Real Estate Listed on: 07/10/2024

Leading Edge Real Estate

Last Buyer's Agent

Paula Sughrue

Better Homes and Gardens Real Estate - The Shanahan Group

Better Homes and Gardens Real Estate - The Shanahan Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,037

Year Built

  • Built in 1915

Lot Details

  • Near Conservation Area
  • Two or More Common Walls
  • Fenced Yard
  • Fenced

HOA Fees

  • $306 Monthly HOA Fees

Home Design

  • Frame Construction
  • Slate Roof

Interior Spaces

  • 1,330 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Insulated Windows
  • French Doors
  • Sitting Room
  • Basement

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • 1 Car Parking Space
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Saltonstall Elementary School
  • Collins Middle School
  • Salem Prep High School

Utilities

  • Window Unit Cooling System
  • Central Heating
  • 1 Heating Zone
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • 100 Amp Service

Listing and Financial Details

  • Assessor Parcel Number M:34 L:0110 S:802,4421202

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal
  • 3 Units
  • 160 Lafayette Street Condominium/Trust Community

Amenities

  • Medical Services
  • Shops
  • Community Storage Space

Recreation

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

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,037

Year Built

Built in 1915

Lot Details

0

HOA Fees

$306 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: 2/3 Family
  • Year Built: 1915
  • Buyer Agency: 2
  • Entry Level: 2
  • Transaction Broker: 0
  • Year Built Details: Actual,Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Hardwood, Flooring - Hardwood
  • Interior Amenities: Kitchen, Sitting Room
  • Door Features: French Doors
  • Fireplace YN: No
  • Appliances: Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: Second
  • Room Bedroom2 Features: Closet, Flooring - Hardwood
  • Room Bedroom2 Area: 120.159722
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Closet, Flooring - Hardwood
  • Room Master Bedroom Level: Second
  • Room Master Bedroom Area: 153.923611
  • Bathroom 1 Area: 47.208333
  • Bathroom 1 Features: Bathroom - Tiled With Tub & Shower
  • Bathroom 1 Level: Second
  • Room Dining Room Features: Flooring - Hardwood, French Doors
  • Room Dining Room Level: Second
  • Room Dining Room Area: 190.520833
  • Room Kitchen Level: Second
  • Room Kitchen Features: Flooring - Hardwood, Countertops - Upgraded
  • Room Kitchen Area: 154.125
  • Laundry Features: Gas Dryer Hookup, Washer Hookup, Second Floor
  • Room Living Room Level: Second
  • Room Living Room Area: 199.375
  • Room Living Room Features: Ceiling Fan(s), Flooring - Hardwood, French Doors
  • Basement: Y
  • Living Area: 1330
  • Spa YN: No
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: AN4643
  • LIST PRICE PER Sq Ft: 375.94
  • PRICE PER Sq Ft: 387.22
  • MAIN SO: AN0122

Exterior Features

  • Exterior Features: Porch, Deck, Balcony, Fenced Yard
  • Common Walls: 2+ Common Walls
  • Construction Materials: Frame
  • Fencing: Fenced
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck
  • Roof: Slate
  • Waterfront Features: Beach Front, Harbor, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Window Unit(s)
  • Heating: Central, Hot Water, Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1

Condo/Co-op/Association

  • Association Amenities: Storage
  • Association Fee: 306
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • Senior Community YN: No
  • UNIT BUILDING: 2
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal

Lot Info

  • Parcel Number: M:34 L:0110 S:802,4421202
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5040
  • Lot Size Units: Acres
  • PAGE: 589
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4037
  • Tax Book Number: 41641

Multi Family

  • Number Of Units Total: 3
  • Basement Included Sq Ft: No
  • NO UNITS OWNER OCC: 3

MLS Schools

  • High School: Salem Prep
  • Elementary School: Saltonstall
  • Middle Or Junior School: Collins

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2019
Closed on
Aug 19, 2019
Sold by
Rodriguez Amy
Bought by
Bird & Fish Realty Llc
Seller's Agent
Natasha Ragusa
Coldwell Banker Realty - Beverly
Buyer's Agent
Natasha Ragusa
Coldwell Banker Realty - Beverly
List Price
$229,000
Sold Price
$215,000
Premium/Discount to List
-$14,000
-6.11%
Current Estimated Value
$526,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,165
Avg. Annual Appreciation
16.65%
Original Mortgage
$142,500
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2010
Sold by
Burgos Francisco and Burgos Celia
Bought by
Rodriguez Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,073
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 29, 2002
Sold by
Fisher Rose
Bought by
Burgos Francisco and Burgos Celia
Source: Public Records

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Range of Values:

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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
Not Resolvable $215,000 --
Deed $145,000 --
Deed $145,000 --
Deed $290,000 --
Deed $290,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,000 Purchase Money Mortgage
Closed $270,000 Stand Alone Refi Refinance Of Original Loan
Open $409,500 Purchase Money Mortgage
Closed $409,500 Purchase Money Mortgage
Closed $142,500 New Conventional
Previous Owner $140,000 No Value Available
Previous Owner $143,073 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2024 08/22/24 Sold $515,000 +3.0% $387 / Sq Ft
07/16/2024 07/16/24 Pending -- -- --
07/10/2024 07/10/24 For Sale $500,000 +9.9% $376 / Sq Ft
06/30/2023 06/30/23 Sold $455,000 +1.3% $342 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $449,000 0.0% $338 / Sq Ft
05/13/2023 05/13/23 Pending -- -- --
05/08/2023 05/08/23 For Sale $449,000 +108.8% $338 / Sq Ft
08/29/2019 08/29/19 Sold $215,000 -6.1% $162 / Sq Ft
07/01/2019 07/01/19 Pending -- -- --
06/25/2019 06/25/19 For Sale $229,000 -- $172 / 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 $4,408 $388,700 $0 $388,700
2024 $4,037 $347,400 $0 $347,400
2023 $3,951 $315,800 $0 $315,800
2022 $3,808 $287,400 $0 $287,400
2021 $3,748 $271,600 $0 $271,600
2020 $3,740 $258,800 $0 $258,800
2019 $3,547 $234,900 $0 $234,900
2018 $3,204 $208,300 $0 $208,300
2017 $3,136 $197,700 $0 $197,700
2016 $2,886 $184,200 $0 $184,200
2015 $2,808 $171,100 $0 $171,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73262226

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000110-000802-000802