NOT LISTED FOR SALE

18 Lafayette Place Unit 2 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $692,000 - $828,000

3 Beds
2 Baths
2,092 Sq Ft
$364/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $485,000 $232 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,582/month

135 Days on Market

Highlights

  • Sauna
  • Forced Air Heating and Cooling System
  • ENERGY STAR Qualified Dryer
  • Wood Flooring

About This Home

As of February 2020

Incredibly spacious and light-filled townhouse located steps away from the waterfront and Forest River Park, and minutes from downtown shopping, restaurants, museums and Commuter Rail into Boston. This three bedroom, two bathroom unit features a sprawling open floor plan perfect for living and entertaining, gleaming hardwood floors throughout, and three private decks boasting garden and water views. The main floor features a generous fireplaced living room leading into a formal dining room, kitchen with stainless appliances, two large bedrooms and an office with plenty of built-in storage. The top floor features an enormous master bedroom and en-suite bath, steam shower, whirlpool tub and a large walk-in closet. Brand new roof and newly-painted siding. Beautiful outdoor patio and garden area with a gas grill and outdoor fireplace to entertain and enjoy. All in a pet friendly, low-maintenance building, with two garage parking spots and plenty of additional off-street parking.

Last Agent to Sell the Property

Jenna Lovely

The Lovely Advisory LLC Listed on: 09/13/2019

Last Buyer's Agent

James Roche

Red Tree Real Estate

Red Tree Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,002

Year Built

  • Built in 1920

Lot Details

  • Year Round Access

Parking

  • 1 Car Garage

Interior Spaces

  • Wired For Sound
  • Sauna
  • Wood Flooring
  • Basement

Kitchen

  • Oven
  • Cooktop
  • Microwave
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher

Laundry

  • ENERGY STAR Qualified Dryer
  • ENERGY STAR Qualified Washer

Utilities

  • Forced Air Heating and Cooling System
  • Radiator
  • Heating System Uses Gas
  • Natural Gas Water Heater

Community Details

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,002

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Townhouse
  • Other Agent: 1.00
  • Year Built Description: Renovated Since
  • List Price Per Sq Ft: 234.18
  • Comp Based On: Net Sale Price
  • Year Built: 1920
  • Lead Paint: Unknown
  • Year Round: Yes
  • Unit Building: 2
  • Unit Level: 2
  • Unit Placement: Upper
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 1920

Interior Features

  • Fireplaces: 1
  • Flooring: Hardwood
  • Interior Amenities: Sauna/Steam/Hot Tub, Wired for Surround Sound
  • Appliances: Microwave, Refrigerator - ENERGY STAR, Dryer - ENERGY STAR, Dishwasher - ENERGY STAR, Washer - ENERGY STAR, Cooktop - ENERGY STAR, Oven - ENERGY STAR
  • No Bedrooms: 3
  • Master Bedroom: On Level: Third Floor, Skylight, Closet - Walk-in, Flooring - Hardwood, Window(s) - Bay/Bow/Box
  • Bedroom 2: On Level: Second Floor, Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood
  • Bedroom 3: On Level: Second Floor, Closet, Flooring - Hardwood
  • Full Bathrooms: 2
  • Primary Bathroom: Yes
  • Bathroom 1: On Level: Second Floor, Bathroom - Full, Bathroom - Tiled With Tub & Shower
  • Bathroom 2: On Level: Third Floor, Bathroom - Full, Bathroom - Tiled With Shower Stall, Jacuzzi / Whirlpool Soaking Tub, Steam / Sauna
  • No Rooms: 7
  • Dining Room: On Level: Second Floor, Flooring - Hardwood
  • Kitchen: On Level: Second Floor, Countertops - Stone/Granite/Solid, Stainless Steel Appliances
  • Laundry: On Level: Basement
  • Living Room: On Level: Second Floor, Fireplace, Closet/Cabinets - Custom Built, Flooring - Hardwood, Balcony / Deck
  • Basement: Y
  • Other Room 1: Name: Office, On Level: Second Floor, Closet/Cabinets - Custom Built, Flooring - Hardwood
  • No Living Levels: 2
  • Main Lo: C95279
  • Main So: AN0907
  • Estimated Sq Ft: 2092.00

Exterior Features

  • Beachfront Flag: Yes
  • Beach Miles To: 0 to 1/10 Mile
  • Waterview Flag: Yes

Garage/Parking

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

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Central Air
  • Cooling Zones: 1
  • Heating: Central Heat, Forced Air, Hot Water Radiators, Gas
  • Heat Zones: 2
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Marina, Public School, T-Station, University
  • HOA Fees: 225.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping
  • Condo Association: Yes

Association/Amenities

  • Condominium Name: 18 Lafayette Place Condominium

Lot Info

  • Assessments: 317200.00
  • Page: 532
  • Zoning: R2

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Taxes: 4789.72
  • Assessor Parcel Number: 2135106

Multi Family

  • No Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2019
Closed on
Feb 28, 2020
Sold by
Ramsey Lincoln A
Bought by
Roche James and Townsend Sara
Seller's Agent
Jenna Lovely
The Lovely Advisory LLC
Buyer's Agent
James Roche
Red Tree Real Estate
List Price
$489,900
Sold Price
$485,000
Premium/Discount to List
-$4,900
-1%
Current Estimated Value
$762,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,267
Avg. Annual Appreciation
8.15%
Original Mortgage
$455,750
Outstanding Balance
$404,394
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$357,873

Purchase Details

Closed on
Sep 14, 2015
Sold by
Ramsey Lincoln A and Ramsey Tracy A
Bought by
Ramsey Lincoln A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 1987
Sold by
Batson Suzanne U
Bought by
Ramsey Lincoln A
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
Roche James $485,000 None Available
Ramsey Lincoln A -- --
Ramsey Lincoln A $229,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roche James $455,750
Previous Owner Ramsey Lincoln A $292,000
Previous Owner Ramsey Lincoln A $331,000
Previous Owner Ramsey Lincoln A $350,000
Previous Owner Ramsey Lincoln A $349,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2020 02/28/20 Sold $485,000 -1.0% $232 / Sq Ft
01/26/2020 01/26/20 Pending -- -- --
01/22/2020 01/22/20 For Sale $489,900 0.0% $234 / Sq Ft
01/11/2020 01/11/20 Pending -- -- --
11/04/2019 11/04/19 Price Changed $489,900 -2.0% $234 / Sq Ft
09/13/2019 09/13/19 For Sale $499,900 -- $239 / 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 $7,002 $617,500 $0 $617,500
2024 $6,877 $591,800 $0 $591,800
2023 $6,744 $539,100 $0 $539,100
2022 $6,410 $483,800 $0 $483,800
2021 $6,311 $457,300 $0 $457,300
2020 $5,043 $349,000 $0 $349,000
2019 $4,790 $317,200 $0 $317,200
2018 $4,449 $289,300 $0 $289,300
2017 $4,365 $275,200 $0 $275,200
2016 $4,131 $263,600 $0 $263,600
2015 $4,135 $252,000 $0 $252,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72564849

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000493-000802-000802