NOT LISTED FOR SALE

187 Federal St Salem, MA 01970

Estimated Value: $418,000 - $501,000

2 Beds
2 Baths
1,200 Sq Ft
6,098 Sq Ft Lot

Last Sold January 30, 2014

Last sale price $227,000 $189 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $2,753/month

118 Days on Market

About This Home

As of January 2014

OPEN HOUSE Saturday DECEMBER 14, 2013 11:30 PM to 1:00 PM ………… Modern duplex style condo on one of Salem's finest street's. Private fenced in yard, Deck, Storage shed, Driveway for 2-3 cars… Modern Charm throughout 5 room's 2 bedroom's, Nice dining room, 2 full bath's. Open floor plan. laundry room. Close to T, restaurants, library and shops. All new insulated windows, Granite counter tops… stainless steel appliances... Central air, Beautiful hardwood floors. Walk in closet. low condo fee $150.00. Qualifies for MASS Housing financing. Pet friendly.

Last Agent to Sell the Property

Susan Keenan

RE/MAX 360 License #454000607 Listed on: 08/23/2013

RE/MAX 360

Last Buyer's Agent

Amy Wallick

Lamacchia Realty, Inc.

Lamacchia Realty, Inc.

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,989

Year Built

1958

Lot Details

0

Listing Details

  • Unit Level: 1
  • Unit Placement: Street
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1958

Interior Features

  • Has Basement: Yes
  • Primary Bathroom: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, T-Station
  • Electric: Circuit Breakers, 100 Amps
  • Energy: Insulated Windows, Insulated Doors
  • Flooring: Tile, Wall to Wall Carpet, Hardwood
  • Interior Amenities: Cable Available
  • Bedroom 2: Basement, 15X15
  • Kitchen: First Floor, 10X10
  • Laundry Room: Basement, 6X6
  • Living Room: First Floor
  • Master Bedroom: First Floor, 14X11
  • Master Bedroom Description: Closet, Flooring - Hardwood
  • Dining Room: First Floor

Exterior Features

  • Construction: Frame
  • Exterior Unit Features: Deck, Deck - Wood, Storage Shed, Fenced Yard, Garden Area

Garage/Parking

  • Parking: Off-Street
  • Parking Spaces: 2

Utilities

  • Cooling Zones: 1
  • Heat Zones: 2
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Association Fee Includes: Master Insurance, Exterior Maintenance, Extra Storage
  • Association Pool: No
  • Management: Owner Association
  • Pets Allowed: Yes w/ Restrictions
  • No Units: 2
  • Unit Building: 187

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2013
Closed on
Jan 30, 2014
Sold by
Edwards Kristen
Bought by
Lind Mark
Seller's Agent
Susan Keenan
RE/MAX 360
Buyer's Agent
Amy Wallick
Lamacchia Realty, Inc.
List Price
$229,900
Sold Price
$227,000
Premium/Discount to List
-$2,900
-1.26%
Current Estimated Value
$454,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,382
Avg. Annual Appreciation
5.47%
Original Mortgage
$181,600
Interest Rate
4.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2012
Sold by
Fnma
Bought by
Edwards Kristen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,817
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2011
Sold by
Spencer Michael
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 27, 2006
Sold by
Reekie George
Bought by
Spencer Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Lind Mark $227,000 --
Edwards Kristen $176,100 --
Federal National Mortgage Association $238,846 --
Spencer Michael $273,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lind Mark $295,000
Closed Lind Mark $44,000
Closed Lind Mark $210,000
Closed Spencer Michael $181,600
Previous Owner Spencer Michael $172,800
Previous Owner Spencer Michael $170,817
Previous Owner Spencer Michael $273,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2014 01/30/14 Sold $227,000 +0.9% $189 / Sq Ft
12/19/2013 12/19/13 Pending -- -- --
12/14/2013 12/14/13 Price Changed $224,899 0.0% $187 / Sq Ft
12/10/2013 12/10/13 Price Changed $224,900 -2.1% $187 / Sq Ft
11/25/2013 11/25/13 Price Changed $229,800 0.0% $192 / Sq Ft
11/25/2013 11/25/13 For Sale $229,900 0.0% $192 / Sq Ft
11/21/2013 11/21/13 Pending -- -- --
10/30/2013 10/30/13 Price Changed $229,900 -4.2% $192 / Sq Ft
09/08/2013 09/08/13 Price Changed $239,900 -4.0% $200 / Sq Ft
08/23/2013 08/23/13 For Sale $249,900 -- $208 / 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 $3,989 $351,800 $0 $351,800
2024 $3,880 $333,900 $0 $333,900
2023 $3,695 $295,400 $0 $295,400
2022 $3,585 $270,600 $0 $270,600
2021 $3,527 $255,600 $0 $255,600
2020 $3,484 $241,100 $0 $241,100
2019 $3,387 $224,300 $0 $224,300
2018 $3,148 $204,700 $0 $204,700
2017 $3,088 $194,700 $0 $194,700
2016 $2,922 $186,500 $0 $186,500
2015 $2,924 $178,200 $0 $178,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71573865

MLS Property Information Network (MLS PIN)

APN: SALE-000025-000000-000124-000802-000802