NOT LISTED FOR SALE

18 Ocean Terrace Unit 2 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $622,000 - $655,666

2 Beds
2 Baths
1,505 Sq Ft
$230/mo HOA Fee

Last Sold September 26, 2018

Last sale price $447,000 $297 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,333/month

37 Days on Market

Highlights

  • Harbor Views
  • French Doors
  • Forced Air Heating and Cooling System
  • Wood Flooring

About This Home

As of September 2018

Welcome Home To Historical Salem. This impressive condo with water views from multiple rooms was fully renovated in 2013-2014 while still retaining many features of the past. Enjoy this modern, sofistocated 2 bedroom 2 bath condo with hardwood floors, granite counter tops and energy efficient stainless steel appliances. Feel the inviting flow of the open concept living area & enjoy peaceful views of the harbor from the sun-filled rear deck or warm up by the fire place on those chilly New England evenings. This unit also comes with an exclusive stone patio w/ stainless steel bbq grill & water view, 1 off street parking space, 1 garage space w/storage and additional storage in the basement. Only minutes from the beach, golf course, down town shops and restaurants or the MBTA. This condo is move in ready just waiting for its new owner to enjoy. A quick close is possible. The beach is less than a 1/4 mile away.(Don't forget your chairs and a cooler !)

Last Agent to Sell the Property

Ron Messina

Keller Williams Realty Evolution Listed on: 05/31/2018

Keller Williams Realty Evolution

Last Buyer's Agent

Michelle Meiser

Corley Realty Plus License #449550735

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,594

Year Built

  • Built in 1900

Lot Details

  • Year Round Access

HOA Fees

  • $230 per month

Parking

  • 1 Car Garage

Interior Spaces

  • French Doors
  • Wood Flooring
  • Harbor Views
  • Basement

Kitchen

  • Built-In Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Water Holding Tank
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,594

Year Built

Built in 1900

Lot Details

0

HOA Fees

$230 per month

Parking

1

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: 2/3 Family
  • Other Agent: 2.00
  • Year Built Description: Renovated Since
  • List Price Per Sq Ft: 298.34
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Year Round: Yes
  • Unit Building: 2
  • Unit Level: 2
  • Unit Placement: Upper
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1900

Interior Features

  • Fireplaces: 1
  • Flooring: Hardwood
  • Interior Amenities: Cable Available, French Doors
  • Appliances: Range, Wall Oven, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Vent Hood
  • No Bedrooms: 2
  • Master Bedroom: On Level: Second Floor, Dimension: 14X12, Ceiling Fan(s), Closet - Walk-in, Flooring - Hardwood
  • Bedroom 2: On Level: Second Floor, Dimension: 18X14, Closet, Flooring - Hardwood
  • Full Bathrooms: 2
  • Bathroom 1: On Level: Second Floor, Dimension: 12X10, Bathroom - Full, Bathroom - With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Recessed Lighting, Washer Hookup
  • Bathroom 2: On Level: Second Floor, Dimension: 5X12, Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile
  • No Rooms: 5
  • Dining Room: On Level: Second Floor, Dimension: 16X11, Flooring - Hardwood
  • Family Room: On Level: Second Floor, Dimension: 11X12, Ceiling Fan(s), Flooring - Hardwood, French Doors
  • Kitchen: On Level: Second Floor, Dimension: 16X11, Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floor Plan, Recessed Lighting, Stainless Steel Appliances, Gas Stove
  • Living Room: On Level: Second Floor, Dimension: 14X14, Fireplace, Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Hardwood
  • Basement: Y
  • No Living Levels: 1
  • Main Lo: C95098
  • Main So: NB3392
  • Estimated Sq Ft: 1505.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 3/10 to 1/2 Mile
  • Waterview Features: Harbor
  • Waterview Flag: Yes
  • Construction: Frame
  • Roof Material: Rubber
  • Exterior: Clapboard, Asbestos
  • Exterior Unit Features: Deck, Patio

Garage/Parking

  • Parking Feature: Off-Street, Assigned, Deeded, Guest
  • Parking Spaces: 1
  • Garage Parking: Detached, Garage Door Opener, Storage
  • Garage Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 100 Amps
  • Cooling: Central Air
  • Cooling Zones: 1
  • Heating: Central Heat, Forced Air, Gas
  • Heat Zones: 1
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Public School, T-Station, University
  • HOA Fees: 230.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping, Extra Storage, Reserve Funds
  • Condo Association: Yes
  • Management: Owner Association

Schools

  • High School: Salem

Lot Info

  • Assessments: 367300.00
  • Acre: 0.19
  • Lot Size: 8400.00
  • Page: 225
  • Zoning: R1
  • Master Book: 33637
  • Master Page: 208

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 5690.18
  • Assessor Parcel Number: 4911593

Multi Family

  • No Units: 3
  • No Units Owner Occ: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2018
Closed on
Sep 26, 2018
Sold by
Gundy Beach Llc
Bought by
Meiser Michelle J
Seller's Agent
Ron Messina
Keller Williams Realty Evolution
Buyer's Agent
Michelle Meiser
Corley Realty Plus
List Price
$449,000
Sold Price
$447,000
Premium/Discount to List
-$2,000
-0.45%
Total Days on Market
37
Current Estimated Value
$643,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,420
Avg. Annual Appreciation
5.30%
Original Mortgage
$379,950
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 26, 2017
Closed on
Sep 29, 2017
Sold by
Leszczynski Paul S
Bought by
Gundy Beach Llc
Seller's Agent
Constantina Tzortzis
Coldwell Banker Realty - Ipswich
Buyer's Agent
Constantina Tzortzis
Coldwell Banker Realty - Ipswich
List Price
$410,000
Sold Price
$410,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.12%

Purchase Details

Closed on
Jan 22, 2016
Sold by
Guts Realty Llc
Bought by
Leszczynski Paul S and Leszczynski Rosemary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
3.98%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Meiser Michelle J $447,000 --
Gundy Beach Llc $410,000 --
Leszczynski Paul S $383,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meiser Michelle J $75,000
Open Meiser Michelle J $376,000
Closed Meiser Michelle J $376,000
Closed Meiser Michelle J $379,950
Previous Owner Leszczynski Paul S $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2018 09/26/18 Sold $447,000 -0.4% $297 / Sq Ft
07/07/2018 07/07/18 Pending -- -- --
06/11/2018 06/11/18 For Sale $449,000 0.0% $298 / Sq Ft
06/05/2018 06/05/18 Pending -- -- --
05/31/2018 05/31/18 For Sale $449,000 0.0% $298 / Sq Ft
12/02/2017 12/02/17 Rented $2,000 0.0% --
12/01/2017 12/01/17 Under Contract -- -- --
11/07/2017 11/07/17 Price Changed $2,000 -20.0% $1 / Sq Ft
10/18/2017 10/18/17 For Rent $2,500 0.0% --
09/29/2017 09/29/17 Sold $410,000 0.0% $272 / Sq Ft
08/27/2017 08/27/17 Pending -- -- --
08/26/2017 08/26/17 For Sale $410,000 -- $272 / 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 $6,594 $581,500 $0 $581,500
2024 $6,394 $550,300 $0 $550,300
2023 $6,416 $512,900 $0 $512,900
2022 $6,217 $469,200 $0 $469,200
2021 $6,182 $448,000 $0 $448,000
2020 $6,167 $426,800 $0 $426,800
2019 $5,931 $392,800 $0 $392,800
2018 $5,649 $367,300 $0 $367,300
2017 $5,681 $358,200 $0 $358,200
2016 $5,411 $345,300 $0 $345,300
2015 $2,591 $157,900 $0 $157,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72336964

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000695-000802-000802