194 Lafayette St Salem, MA 01970
The Point Neighborhood
5
Beds
3
Baths
2,716
Sq Ft
5,732
Sq Ft Lot
Highlights
- Colonial Architecture
- 1 Fireplace
- No HOA
- Wood Flooring
- Corner Lot
- 4-minute walk to Mary Jane Lee Park
About This Home
As of September 2024Steps from downtown Salem and Salem University, Commuter Rail T Stop on Canal St & Directly across from the Saltonstall School is 194 Lafayette St. Located on the corner of Lafayette & Gardner this 2,716 SQFT Single Family home has 4 bedrooms, 3 baths, 2 car garage, a Fabulous Grand Foyer, Fireplaced Living room, hardwood floors and High Ceilings with lots of cool period details. Enjoy hand-painted Old Salem murals painted by a local artist. Updates: Two large newly added showers, recessed lighting, new roof, interior and exterior painting. Property is tenant occupied but will be delivered vacant September 1st at expiration of lease. Sold As Is.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,934
Year Built
- Built in 1915
Lot Details
- 5,732 Sq Ft Lot
- Fenced
- Corner Lot
- Level Lot
- Property is zoned R3
Parking
- 2 Car Garage
Home Design
- Colonial Architecture
- Block Foundation
Interior Spaces
- 2,716 Sq Ft Home
- Crown Molding
- Light Fixtures
- 1 Fireplace
- Laundry in Basement
Kitchen
- Oven
- Stove
- Range
- Freezer
- Dishwasher
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary bedroom located on second floor
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Window Unit Cooling System
- 3 Heating Zones
- Hot Water Heating System
- 110 Volts
- Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 2135419
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 15, 2020
Closed on
Mar 11, 2020
Sold by
Goff John V and Goff Skillings
Bought by
Morrall Alex
Seller's Agent
Chris Blasczak
Liberty Residential Realty, LLC
Buyer's Agent
Chris Blasczak
Liberty Residential Realty, LLC
List Price
$599,900
Sold Price
$550,000
Premium/Discount to List
-$49,900
-8.32%
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
$243,569
Avg. Annual Appreciation
7.44%
Original Mortgage
$440,000
Outstanding Balance
$393,842
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$415,829
Purchase Details
Closed on
Feb 28, 2001
Sold by
Morneau Peter J and Kelly David T
Bought by
Goff John V and Skillings-Goff Janice
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 15, 1996
Sold by
Kaplan Shirley Est
Bought by
Morneau Peter J and Kelly David
Similar Homes in Salem, MA
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $550,000 | None Available | |
| Deed | $302,500 | -- | |
| Deed | $177,000 | -- | |
| Deed | $302,500 | -- | |
| Deed | $177,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $440,000 | New Conventional | |
| Previous Owner | $288,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $82,000 | No Value Available | |
| Previous Owner | $225,300 | No Value Available | |
| Previous Owner | $227,500 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2024 09/03/24 | Sold | $725,000 | -9.4% | $267 / Sq Ft |
| 06/13/2024 06/13/24 | Pending | -- | -- | -- |
| 06/12/2024 06/12/24 | Price Changed | $800,000 | -5.9% | $295 / Sq Ft |
| 06/01/2024 06/01/24 | For Sale | $850,000 | +54.5% | $313 / Sq Ft |
| 03/17/2020 03/17/20 | Sold | $550,000 | +1.9% | $203 / Sq Ft |
| 02/07/2020 02/07/20 | Pending | -- | -- | -- |
| 01/29/2020 01/29/20 | Price Changed | $539,900 | -10.0% | $199 / Sq Ft |
| 01/15/2020 01/15/20 | For Sale | $599,900 | -- | $221 / 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 | $7,956 | $701,600 | $180,200 | $521,400 |
| 2024 | $7,844 | $675,000 | $180,200 | $494,800 |
| 2023 | $7,402 | $591,700 | $165,000 | $426,700 |
| 2022 | $6,959 | $525,200 | $158,900 | $366,300 |
| 2021 | $7,032 | $509,600 | $149,700 | $359,900 |
| 2020 | $6,150 | $425,600 | $134,400 | $291,200 |
| 2019 | $5,934 | $393,000 | $122,200 | $270,800 |
| 2018 | $5,714 | $371,500 | $113,600 | $257,900 |
| 2017 | $5,638 | $355,500 | $106,900 | $248,600 |
| 2016 | $5,256 | $335,400 | $86,800 | $248,600 |
| 2015 | $5,291 | $322,400 | $86,800 | $235,600 |
Source: Public Records
Agents Affiliated with this Home
-
A
Seller's Agent in 2024
Alex Morrall
eXp Realty
(617) 969-9000
1 in this area
5 Total Sales
-
Buyer's Agent in 2024
Sarah Harrington
William Raveis R.E. & Home Services
(508) 517-8019
1 in this area
21 Total Sales
-
Seller's Agent in 2020
Chris Blasczak
Liberty Residential Realty, LLC
(978) 490-0906
1 in this area
97 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73245698
APN: SALE-000034-000000-000026
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.
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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