NOT LISTED FOR SALE

185 Lafayette St Unit 3 Salem, MA 01970

The Point Neighborhood

Estimated Value: $298,000 - $380,000

1 Bed
1 Bath
840 Sq Ft
$325/mo HOA Fee

Last Sold August 31, 2023

Last sale price $310,000 $369 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,421/month

6 Days on Market

Highlights

  • 1 Car Detached Garage
  • Baseboard Heating
  • 3-minute walk to Mary Jane Lee Park
  • Window Unit Cooling System

About This Home

As of August 2023

Introducing a fantastic 1-bed, 840 sq ft Condo, ideal for students or remote workers. Well-designed layout with multiple in-home office areas for comfortable studying or working. Enjoy a bright, sunny ambiance with abundant natural light from many windows. Ample storage, fresh harbor breezes, and a Juliette balcony. Deeded garage, 10x12 storage room, and private washer/dryer in basement for added convenience. Multiple units are available for sale in this property! Open Houses Saturday and Sunday 12-2pm. Beginning on 07/29/23.

Last Agent to Sell the Property

Stephen Pereira

Dell Realty Inc. Listed on: 07/25/2023

Last Buyer's Agent

Nick Daher

Broad Sound Real Estate, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,871

Year Built

  • Built in 1924

Lot Details

  • 5,227

HOA Fees

  • $325 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Open Parking
  • Assigned Parking

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 840 Sq Ft Home
  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Baseboard Heating

Community Details

  • Association fees include heat, gas, insurance
  • 4 Units
  • Low-Rise Condominium

Listing and Financial Details

  • Assessor Parcel Number M:34 L:0117 S:803,4168483

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,871

Year Built

Built in 1924

Lot Details

0

HOA Fees

$325 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Low-Rise
  • Year Built: 1924
  • Entry Level: 2
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 2

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Y
  • Living Area: 840
  • Spa YN: No
  • Stories Total: 2
  • MAIN LO: AN1378
  • MAIN SO: AN3502

Exterior Features

  • Home Warranty YN: No
  • Waterfront Features: Beach Front, Ocean
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage YN: No
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Detached, Paved, Exclusive Parking
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Oil
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 325
  • Association Fee Frequency: Monthly
  • Senior Community YN: No
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Gas, Insurance

Lot Info

  • Parcel Number: M:34 L:0117 S:803,4168483
  • Zoning: B1
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5314
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2871

Multi Family

  • Number Of Units Total: 4
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2023
Closed on
Aug 31, 2023
Sold by
Oliver Julie L
Bought by
Lambert Alexander
Seller's Agent
Stephen Pereira
Dell Realty Inc.
Buyer's Agent
Nick Daher
Broad Sound Real Estate, LLC
List Price
$305,000
Sold Price
$310,000
Premium/Discount to List
$5,000
1.64%
Views
133
Current Estimated Value
$346,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,740
Avg. Annual Appreciation
5.08%
Original Mortgage
$279,000
Outstanding Balance
$272,880
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$73,860

Purchase Details

Listed on
Sep 3, 2019
Closed on
Oct 28, 2019
Sold by
Hughes Deborah and Hughes John H
Bought by
Oliver Julie L
Seller's Agent
Andrea Dodge
Coldwell Banker Realty - Marblehead
Buyer's Agent
Michaela Mahtani
Leading Edge Real Estate
List Price
$199,999
Sold Price
$202,000
Premium/Discount to List
$2,001
1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.86%
Original Mortgage
$181,800
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2008
Sold by
Thomson Sarah
Bought by
Moss Linda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,900
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 2004
Sold by
Oshaughnessy Tara
Bought by
Thomson Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,400
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2002
Sold by
Bridge St Rt and Chilton
Bought by
Oshaughnessy Tara
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lambert Alexander $310,000 None Available
Oliver Julie L $202,000 --
Moss Linda J $142,000 --
Thomson Sarah $148,000 --
Oshaughnessy Tara $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lambert Alexander $279,000
Previous Owner Oliver Julie L $181,800
Previous Owner Oshaughnessy Tara $134,900
Previous Owner Oshaughnessy Tara $118,400
Previous Owner Oshaughnessy Tara $13,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2023 08/31/23 Sold $310,000 +1.6% $369 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
07/25/2023 07/25/23 For Sale $305,000 +51.0% $363 / Sq Ft
11/04/2019 11/04/19 Sold $202,000 +1.0% $240 / Sq Ft View Prior Sale
09/12/2019 09/12/19 Pending -- -- --
09/03/2019 09/03/19 For Sale $199,999 +50.9% $238 / Sq Ft
07/31/2014 07/31/14 Sold $132,500 0.0% $158 / Sq Ft View Prior Sale
07/15/2014 07/15/14 Pending -- -- --
06/24/2014 06/24/14 Off Market $132,500 -- --
06/16/2014 06/16/14 Price Changed $134,900 -3.6% $161 / Sq Ft
05/01/2014 05/01/14 Price Changed $139,900 -6.7% $167 / Sq Ft
04/10/2014 04/10/14 For Sale $149,900 -- $178 / 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 $3,251 $286,700 $0 $286,700
2024 $3,001 $258,300 $0 $258,300
2023 $2,871 $229,500 $0 $229,500
2022 $2,741 $206,900 $0 $206,900
2021 $2,699 $195,600 $0 $195,600
2020 $2,458 $170,100 $0 $170,100
2019 $2,357 $156,100 $0 $156,100
2018 $2,221 $144,400 $0 $144,400
2017 $2,171 $136,900 $0 $136,900
2016 $2,010 $128,300 $0 $128,300
2015 $2,050 $124,900 $0 $124,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Stephen Pereira

    Dell Realty Inc.

    2 in this area

    16 Total Sales

    Stephen Pereira
    Section Image
  • Nick Daher

    Buyer's Agent in 2023

    Nick Daher

    Broad Sound Real Estate, LLC

    (978) 423-7782

    1 in this area

    95 Total Sales

    Nick Daher
    Section Image
  • Andrea Dodge

    Seller's Agent in 2019

    Andrea Dodge

    Coldwell Banker Realty - Marblehead

    (781) 953-4396

    36 Total Sales

    Andrea Dodge
    Section Image
  • Michaela Mahtani

    Buyer's Agent in 2019

    Michaela Mahtani

    Leading Edge Real Estate

    (617) 970-5671

    48 Total Sales

    Michaela Mahtani
    Section Image
  • Andrea Lacroix

    Seller's Agent in 2014

    Andrea Lacroix

    Churchill Properties

    (508) 561-1161

    110 Total Sales

    Andrea Lacroix
    Section Image
  • Timothy Knowlton

    Buyer's Agent in 2014

    Timothy Knowlton

    Beacon Properties

    (781) 589-2300

    5 Total Sales

    Timothy Knowlton
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73140472

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000117-000803-000803

Massachusetts Essex County Salem 01970 The Point

185 Lafayette St Unit 3, Salem, MA

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) 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.

Nearby Homes