NOT LISTED FOR SALE

198 Lafayette St Unit 1 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $442,737 - $501,000

2 Beds
1 Bath
944 Sq Ft
8,233 Sq Ft Lot

Last Sold October 01, 2020

Last sale price $309,000 $327 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,809/month

16 Days on Market

About This Home

As of October 2020

Beautiful 2 bedroom, pet friendly condo with character, style and a very nice layout. The renovated kitchen features granite counter tops, lovely cabinets and stainless steel appliances. The large living room has hardwood floors and a beautiful window that provides plenty of light. The dining room has beautiful molding, hardwood floors and enough room for entertaining. The bathroom includes a tub and subway tiled shower, tiled floor and a pedestal sink. Both bedrooms have hardwoods floors and offer plenty of space. In unit laundry is the perfect compliment to the unit. The unit also has extra storage in the basement. Subject to seller finding and closing on suitable housing. Seller has signed p&s on a new property.LOW CONDO FEE WITH HEAT INCLUDED. Due to COVID, please find attached COVID disclosure and have buyers sign prior to showings. OH Sunday 8/23 2-3:00 by appointment.

Last Agent to Sell the Property

Tina Crowley

Compass Listed on: 08/10/2020

Compass

Last Buyer's Agent

Brian Perrin

Brian J. Perrin Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,211

Year Built

  • Built in 1954

Lot Details

  • 8,233

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Hot Water Baseboard Heater
  • Oil Water Heater
  • Cable TV Available

Additional Features

  • Basement

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,211

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Garden
  • Year Built Description: Approximate, Renovated Since
  • List Price Per Sq Ft: 327.33
  • Comp Based On: Net Sale Price
  • Year Built: 1954
  • Lead Paint: Unknown
  • Unit Building: 1
  • Unit Level: 1
  • Unit Placement: Corner, Garden
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1954

Interior Features

  • Flooring: Wood, Tile
  • Interior Amenities: Cable Available
  • Appliances: Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • No Bedrooms: 2
  • Master Bedroom: On Level: First Floor, Closet, Flooring - Wood, Main Level
  • Bedroom 2: On Level: First Floor, Closet, Flooring - Wood
  • Full Bathrooms: 1
  • Bathroom 1: On Level: First Floor, Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Pedestal Sink
  • No Rooms: 5
  • Dining Room: On Level: First Floor, Flooring - Wood, Main Level, Chair Rail, Decorative Molding
  • Kitchen: On Level: First Floor, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Main Level, Cabinets - Upgraded, Stainless Steel Appliances
  • Laundry: On Level: First Floor
  • Living Room: On Level: First Floor, Flooring - Wood, Window(s) - Picture, Chair Rail, High Speed Internet Hookup
  • Basement: Y
  • No Living Levels: 1
  • Main Lo: BB3227
  • Main So: AN3814
  • Estimated Sq Ft: 944.00

Exterior Features

  • Construction: Frame, Brick
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Wood, Brick

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Window AC
  • Heating: Hot Water Baseboard
  • Heat Zones: 1
  • Hot Water: Oil
  • Utility Connections: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Medical Facility, Highway Access, House of Worship, Public School, T-Station, University
  • HOA Fees: 250.00
  • Association Fee Includes: Heat, Hot Water, Master Insurance, Snow Removal, Reserve Funds
  • Condo Association: Yes
  • Association Security: Intercom
  • Management: Owner Association

Association/Amenities

  • Condominium Name: Gardner's Witch Condominium

Schools

  • High School: Salem

Lot Info

  • Assessments: 259000.00
  • Page: 101
  • Zoning: R3

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Taxes: 3742.55
  • Assessor Parcel Number: 4644445

Multi Family

  • No Units: 4
  • No Units Owner Occ: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2020
Closed on
Sep 22, 2020
Sold by
Francis Sherry
Bought by
Cesareo Kathleen T and Cesareo Lawrence J
Seller's Agent
Tina Crowley
Compass
Buyer's Agent
Brian Perrin
Brian J. Perrin Real Estate
List Price
$315,000
Sold Price
$309,000
Premium/Discount to List
-$6,000
-1.9%
Current Estimated Value
$465,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,434
Avg. Annual Appreciation
7.45%
Original Mortgage
$247,200
Outstanding Balance
$220,368
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$221,559

Purchase Details

Listed on
May 17, 2017
Closed on
Jun 6, 2017
Sold by
Lassiter Kristine D
Bought by
Francis Sherry
Seller's Agent
Nicole Reid
Aluxety
Buyer's Agent
Tina Crowley
Compass
List Price
$249,900
Sold Price
$265,000
Premium/Discount to List
$15,100
6.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.72%

Purchase Details

Closed on
Nov 8, 2016
Sold by
Desroches Alison L
Bought by
Lassiter Kristine D

Purchase Details

Closed on
Apr 1, 2011
Sold by
Desroches Alison L
Bought by
Lassiter Kristine D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,750
Interest Rate
5.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 2006
Sold by
Frisch Aser
Bought by
Desroches Alison L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,000
Interest Rate
6.39%
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
Cesareo Kathleen T $309,000 None Available
Francis Sherry $265,000 --
Lassiter Kristine D -- --
Lassiter Kristine D $165,000 --
Desroches Alison L $249,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cesareo Kathleen T $247,200
Previous Owner Desroches Alison L $156,750
Previous Owner Desroches Alison L $249,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2020 10/01/20 Sold $309,000 0.0% $327 / Sq Ft
08/26/2020 08/26/20 Pending -- -- --
08/19/2020 08/19/20 Price Changed $309,000 -1.9% $327 / Sq Ft
08/10/2020 08/10/20 For Sale $315,000 +18.9% $334 / Sq Ft
06/05/2017 06/05/17 Sold $265,000 +6.0% $281 / Sq Ft
05/25/2017 05/25/17 Pending -- -- --
05/17/2017 05/17/17 For Sale $249,900 -- $265 / 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 $4,211 $371,300 $0 $371,300
2024 $4,155 $357,600 $0 $357,600
2023 $4,140 $330,900 $0 $330,900
2022 $3,967 $299,400 $0 $299,400
2021 $3,853 $279,200 $0 $279,200
2020 $3,743 $259,000 $0 $259,000
2019 $3,746 $248,100 $0 $248,100
2018 $3,511 $228,300 $0 $228,300
2017 $3,169 $199,800 $0 $199,800
2016 $2,999 $191,400 $0 $191,400
2015 $2,947 $179,600 $0 $179,600
Source: Public Records

Agents Affiliated with this Home

  • Tina Crowley

    Seller's Agent in 2020

    Tina Crowley

    Compass

    (781) 572-2082

    1 in this area

    79 Total Sales

    Tina Crowley
    Section Image

  • B

    Buyer's Agent in 2020

    Brian Perrin

    Brian J. Perrin Real Estate

    1 in this area

    15 Total Sales

    Brian Perrin
    Section Image
  • Nicole Reid

    Seller's Agent in 2017

    Nicole Reid

    Aluxety

    (978) 239-8925

    39 Total Sales

    Nicole Reid
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72707125

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000214-000801-000801

Massachusetts Essex County Salem 01970 South Salem

198 Lafayette St Unit 1, Salem, MA

This home is located at 198 Lafayette St Unit 1, Salem, MA 01970 since 10 August 2020 and is currently estimated at $465,434, approximately $493 per square foot. This property was built in 1954. 198 Lafayette St Unit 1 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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.

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