162 Ocean Ave W Salem, MA 01970
Castle Hill Neighborhood
3
Beds
3
Baths
2,352
Sq Ft
7,405
Sq Ft Lot
Highlights
- Deck
- Attic
- Tankless Water Heater
- Wood Flooring
- Fenced Yard
- 4-minute walk to St. Annes Park
About This Home
As of September 2021This is a FABULOUS opportunity for a large 3 Bedroom Colonial built in 1998! The OPEN concept first floor features a HUGE kitchen with PENINSULA seating, some newer STAINLESS appliances, lots of maple cabinetry PLUS a separate dining area with sliders to the deck! Through the French doors is a SPACIOUS dining room that connects to the living room. A half bath is also on this level. Upstairs you will love the LARGE MASTER bedroom with an ABUNDANCE of closet space and a full EN-SUITE bath! There are two additional good-sized bedrooms - one with a walk-up to the AWESEOME attic space. The second full bath completes this floor. BONUS - the finished (but unheated) basement is large enough for 2 or 3 additional rooms and offers a separate laundry room, closet and utility room! The FENCED yard is great for entertaining PLUS there's 2 car driveway parking! Your sweat equity and some cosmetic updates will make this BEAUTY shine - this is PRICED TO SELL AS IS!!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,546
Year Built
- Built in 1998
Lot Details
- Fenced Yard
- Property is zoned R2
Kitchen
- Range
- Dishwasher
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Vinyl
Laundry
- Dryer
- Washer
Utilities
- Window Unit Cooling System
- Hot Water Baseboard Heater
- Heating System Uses Oil
- Tankless Water Heater
Additional Features
- French Doors
- Deck
- Attic
- Basement
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 30, 2021
Closed on
Sep 14, 2021
Sold by
Durango Monica and Mora Joshua
Bought by
Cabrera Benjamin and Cabrera Kelly P
Seller's Agent
Borinquen Jimenez
Madelyn Garcia Real Estate
Buyer's Agent
Sarah Alvarado
Keller Williams Realty Evolution
List Price
$639,900
Sold Price
$690,000
Premium/Discount to List
$50,100
7.83%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,412
Avg. Annual Appreciation
3.68%
Original Mortgage
$520,000
Outstanding Balance
$478,288
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$318,356
Purchase Details
Listed on
Oct 1, 2020
Closed on
Nov 12, 2020
Sold by
Weiss Bonnie L
Bought by
Durango Monica and Mora Joshua
Seller's Agent
Pam McKee
Keller Williams Realty Evolution
Buyer's Agent
Borinquen Jimenez
Madelyn Garcia Real Estate
List Price
$509,000
Sold Price
$510,000
Premium/Discount to List
$1,000
0.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.61%
Original Mortgage
$484,500
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 1, 2005
Sold by
Rakauskas Jason C and Rakauskas Sarah M
Bought by
Weiss Bonnie L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 23, 2002
Sold by
Delisi Anthony F and Delisi Christine
Bought by
Rakauskas Sarah M and Rakauskas Jason C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,720
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Salem, MA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $690,000 | None Available | |
| Not Resolvable | $510,000 | None Available | |
| Deed | $402,000 | -- | |
| Deed | $315,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $520,000 | Purchase Money Mortgage | |
| Previous Owner | $484,500 | New Conventional | |
| Previous Owner | $320,000 | Purchase Money Mortgage | |
| Previous Owner | $251,000 | No Value Available | |
| Previous Owner | $252,720 | Purchase Money Mortgage | |
| Previous Owner | $28,200 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/14/2021 09/14/21 | Sold | $690,000 | +7.8% | $293 / Sq Ft |
| 07/06/2021 07/06/21 | Pending | -- | -- | -- |
| 06/30/2021 06/30/21 | For Sale | $639,900 | +25.5% | $272 / Sq Ft |
| 11/30/2020 11/30/20 | Sold | $510,000 | +0.2% | $217 / Sq Ft |
| 10/11/2020 10/11/20 | Pending | -- | -- | -- |
| 10/01/2020 10/01/20 | For Sale | $509,000 | -- | $216 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $7,546 | $665,400 | $216,900 | $448,500 |
| 2024 | $7,381 | $635,200 | $206,100 | $429,100 |
| 2023 | $7,151 | $571,600 | $190,200 | $381,400 |
| 2022 | $6,466 | $488,000 | $183,900 | $304,100 |
| 2021 | $6,489 | $470,200 | $171,200 | $299,000 |
| 2020 | $6,479 | $448,400 | $161,700 | $286,700 |
| 2019 | $6,356 | $420,900 | $153,500 | $267,400 |
| 2018 | $6,167 | $401,000 | $145,800 | $255,200 |
| 2017 | $5,859 | $369,400 | $123,000 | $246,400 |
| 2016 | $5,699 | $363,700 | $117,300 | $246,400 |
| 2015 | $5,676 | $345,900 | $107,800 | $238,100 |
Source: Public Records
Agents Affiliated with this Home
-
Borinquen Jimenez
Seller's Agent in 2021
Borinquen Jimenez
Madelyn Garcia Real Estate
(617) 839-3202
2 in this area
38 Total Sales
-
S
Buyer's Agent in 2021
Sarah Alvarado
Keller Williams Realty Evolution
-
Pam McKee
Seller's Agent in 2020
Pam McKee
Keller Williams Realty Evolution
(978) 500-4047
4 in this area
98 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72735921
APN: SALE-000024-000000-000226
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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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