198 Lafayette St Unit 1 Salem, MA 01970
South Salem Neighborhood
2
Beds
1
Bath
944
Sq Ft
8,233
Sq Ft Lot
About This Home
As of October 2020Beautiful 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.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,211
Year Built
- Built in 1954
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,084
Avg. Annual Appreciation
7.67%
Original Mortgage
$247,200
Outstanding Balance
$222,341
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$219,586
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
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 | $309,000 | None Available | |
| Not Resolvable | $265,000 | -- | |
| Deed | -- | -- | |
| Deed | $165,000 | -- | |
| Deed | $249,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $247,200 | New Conventional | |
| Previous Owner | $156,750 | Purchase Money Mortgage | |
| Previous Owner | $249,000 | Purchase Money Mortgage |
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
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
-
Seller's Agent in 2020
Tina Crowley
Compass
(781) 572-2082
1 in this area
75 Total Sales
-
B
Buyer's Agent in 2020
Brian Perrin
Brian J. Perrin Real Estate
1 in this area
15 Total Sales
-
Seller's Agent in 2017
Nicole Reid
Aluxety
(978) 239-8925
39 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72707125
APN: SALE-000033-000000-000214-000801-000801
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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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