18 Ocean Terrace Unit 3 Salem, MA 01970
South Salem Neighborhood
2
Beds
2
Baths
1,714
Sq Ft
8,276
Sq Ft Lot
About This Home
As of November 2019This fabulous unit combines the character and charm of an historic home with wonderful modern amenities in an ideal location. Overlooking Salem Harbor, unit three offers tremendous ocean views from a two-level deck, one of which is located on the rooftop! The chef's kitchen is highlighted by stainless steel appliances, granite counter tops, and upgraded cabinetry. The master bedroom has a walk-in closet with ample storage, along with a spa-like master bath, complete with a claw foot soaking tub and a separate tiled shower. Restored hardwood floors throughout and a separate outdoor patio give this unit a unique feel. In unit laundry, central heat, central air conditioning, and a two car garage all make life easier and more enjoyable. Enjoy a walk to nearby Forest River Park, which has public beaches, a public pool, and gorgeous ocean views. Two wall-mounted TVs to stay as gifts. Do not miss out on this wonderful unit located in a beautiful restored home.
Property Details
Home Type
Condominium
Est. Annual Taxes
$7,224
Year Built
1900
Lot Details
0
Listing Details
- Unit Level: 3
- Unit Placement: Top/Penthouse
- Property Type: Condominium/Co-Op
- Other Agent: 1.00
- Lead Paint: Unknown
- Year Round: Yes
- Special Features: None
- Property Sub Type: Condos
- Year Built: 1900
Interior Features
- Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
- Has Basement: Yes
- Number of Rooms: 5
- Bedroom 2: Third Floor
- Bathroom #1: Third Floor
- Bathroom #2: Third Floor
- Kitchen: Third Floor
- Living Room: Third Floor
- Master Bedroom: Third Floor
- Master Bedroom Description: Bathroom - Full, Closet - Walk-in, Flooring - Hardwood
- Dining Room: Third Floor
- No Living Levels: 3
Exterior Features
- Exterior Unit Features: Deck, Deck - Roof, Patio
- Beach Ownership: Public
- Waterview Flag: Yes
Garage/Parking
- Garage Parking: Detached
- Garage Spaces: 2
- Parking Spaces: 1
Utilities
- Cooling: Central Air
- Heating: Forced Air, Gas
- Cooling Zones: 1
- Heat Zones: 1
- Hot Water: Natural Gas
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Association Fee Includes: Water, Sewer, Exterior Maintenance, Landscaping, Snow Removal
- Management: Owner Association
- Pets Allowed: Yes
- No Units: 3
- Unit Building: 3
Fee Information
- Fee Interval: Monthly
Lot Info
- Assessor Parcel Number: M:33 L:0695 S:803
- Zoning: R1
Multi Family
- Waterview: Harbor
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 21, 2019
Closed on
Nov 8, 2019
Sold by
Khaddar Alexander
Bought by
Sever Ivan and Naylor Kathleen
Seller's Agent
Ryan Guilmartin
MerryFox Realty
Buyer's Agent
Judi Moccia
REAL ESTATE and Company
List Price
$515,000
Sold Price
$508,000
Premium/Discount to List
-$7,000
-1.36%
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
$213,367
Avg. Annual Appreciation
5.67%
Original Mortgage
$355,600
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 1, 2013
Sold by
Morse Nt
Bought by
Guts Realty Llc
Similar Homes in Salem, MA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Condominium Deed | $508,000 | -- | |
| Not Resolvable | $285,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $317,000 | Purchase Money Mortgage | |
| Closed | $317,000 | Purchase Money Mortgage | |
| Closed | $355,600 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/12/2019 11/12/19 | Sold | $508,000 | -1.4% | $296 / Sq Ft |
| 09/04/2019 09/04/19 | Pending | -- | -- | -- |
| 08/21/2019 08/21/19 | For Sale | $515,000 | +27.2% | $300 / Sq Ft |
| 07/28/2016 07/28/16 | Sold | $405,000 | +1.3% | $236 / Sq Ft |
| 05/11/2016 05/11/16 | Pending | -- | -- | -- |
| 05/06/2016 05/06/16 | For Sale | $399,900 | -- | $233 / 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 | $7,224 | $637,000 | $0 | $637,000 |
| 2024 | $7,017 | $603,900 | $0 | $603,900 |
| 2023 | $7,156 | $572,000 | $0 | $572,000 |
| 2022 | $6,915 | $521,900 | $0 | $521,900 |
| 2021 | $6,878 | $498,400 | $0 | $498,400 |
| 2020 | $6,858 | $474,600 | $0 | $474,600 |
| 2019 | $6,659 | $441,000 | $0 | $441,000 |
| 2018 | $6,395 | $415,800 | $0 | $415,800 |
| 2017 | $6,557 | $413,400 | $0 | $413,400 |
| 2016 | $6,219 | $396,900 | $0 | $396,900 |
| 2015 | $2,747 | $167,400 | $0 | $167,400 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Guilmartin
Seller's Agent in 2019
Ryan Guilmartin
MerryFox Realty
(617) 852-0040
3 in this area
45 Total Sales
-
Judi Moccia
Buyer's Agent in 2019
Judi Moccia
REAL ESTATE and Company
(781) 799-7777
1 in this area
72 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72000683
APN: SALE-000033-000000-000695-000803-000803
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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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