NOT LISTED FOR SALE

18 Lafayette Place Unit 1 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $490,000 - $592,000

2 Beds
1 Bath
1,409 Sq Ft
1920 Built

Last Sold March 14, 2014

Last sale price $267,500 $190 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $3,547/month

88 Days on Market

About This Home

As of March 2014

Sun-filled South Salem family home steps to the harbor and a short walk to Saltonstall Elementary, downtown Salem, Forest River Park, Commuter Rail and local grocery. Expansive open layout and tasteful architectural detail give this home character and charm while offering flexible use of a large heated sun room/office and huge private basement workshop with extensive storage space and expansion potential. Brick floor to ceiling wood burning fireplace. Private fenced patio/garden space and common yard lined with mature perennials and common patio & outdoor fireplace.

Last Listed By

Dan Bernal

Atlantic Coast Homes,Inc Listed on: 11/14/2013

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,689

Year Built

1920

Lot Details

0

Listing Details

  • Unit Level: 1
  • Unit Placement: Garden
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1920

Interior Features

  • Has Basement: Yes
  • Fireplaces: 1
  • Number of Rooms: 6
  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Bike Path, House of Worship, Marina, Private School, Public School, T-Station, University
  • Electric: Circuit Breakers, 100 Amps
  • Flooring: Tile, Hardwood
  • Insulation: Partial
  • Interior Amenities: Cable Available
  • Bedroom 2: First Floor
  • Kitchen: First Floor
  • Laundry Room: Basement
  • Living Room: First Floor
  • Master Bedroom: First Floor
  • Dining Room: First Floor

Exterior Features

  • Construction: Frame
  • Exterior: Shingles, Wood
  • Exterior Unit Features: Porch, Patio, Garden Area

Garage/Parking

  • Garage Parking: Detached
  • Garage Spaces: 1
  • Parking: Off-Street, Deeded, Paved Driveway
  • Parking Spaces: 2

Utilities

  • Heat Zones: 1
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup

Condo/Co-op/Association

  • Association Fee Includes: Water, Sewer, Master Insurance
  • Association Pool: No
  • Pets Allowed: Yes
  • No Units: 2
  • Unit Building: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2013
Closed on
Mar 14, 2014
Sold by
Signore Shawn
Bought by
Tansey James R and Tansey Linda
Seller's Agent
Dan Bernal
Atlantic Coast Homes,Inc
Buyer's Agent
Merry Fox Team
MerryFox Realty
List Price
$280,000
Sold Price
$267,500
Premium/Discount to List
-$12,500
-4.46%
Total Days on Market
88
Current Estimated Value
$551,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,096
Avg. Annual Appreciation
6.75%
Original Mortgage
$214,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2013
Sold by
Signore Shawn and Sippola-Signore Anna
Bought by
Signore Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2009
Sold by
Hyman Laurie-Jane
Bought by
Signore Shawn

Purchase Details

Closed on
Apr 15, 1999
Sold by
Galpert Jane
Bought by
Hyman Laurie Jane

Purchase Details

Closed on
Jun 28, 1996
Sold by
Rocheleau M Lauretta and Rocheleau Florence
Bought by
Galpert Jane

Purchase Details

Closed on
Sep 19, 1988
Sold by
Ramsey David T
Bought by
Rocheleau Mlauretta

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 Buyer Sale Price Title Company
Tansey James R $267,500 --
Signore Shawn -- --
Signore Shawn $260,000 --
Hyman Laurie Jane $149,500 --
Galpert Jane $120,000 --
Rocheleau Mlauretta $149,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tansey James R $196,000
Closed Tansey James R $214,000
Previous Owner Rocheleau Mlauretta $241,000
Previous Owner Rocheleau Mlauretta $241,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2014 03/14/14 Sold $267,500 0.0% $190 / Sq Ft
02/10/2014 02/10/14 Pending -- -- --
01/28/2014 01/28/14 Off Market $267,500 -- --
12/02/2013 12/02/13 Price Changed $274,900 -1.8% $195 / Sq Ft
11/14/2013 11/14/13 For Sale $280,000 -- $199 / 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 $5,689 $501,700 $0 $501,700
2024 $5,562 $478,700 $0 $478,700
2023 $5,421 $433,300 $0 $433,300
2022 $5,248 $396,100 $0 $396,100
2021 $5,167 $374,400 $0 $374,400
2020 $5,060 $350,200 $0 $350,200
2019 $4,806 $318,300 $0 $318,300
2018 $4,465 $290,300 $0 $290,300
2017 $4,379 $276,100 $0 $276,100
2016 $4,145 $264,500 $0 $264,500
2015 $4,150 $252,900 $0 $252,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71608355

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000493-000801-000801