$265,000
SOLD JUN 5, 2017

198 Lafayette St Unit 1 Salem, MA 01970

South Salem Neighborhood
2 Beds
1 Bath
944 Sq Ft
8,233 Sq Ft Lot

Recently Sold

$281 Per Sq Ft

6% Above List Price

8 Days on Market

About This Home

As of October 2020

Gorgeous 2 bedroom condo full of style and design. Beautiful kitchen features dark wood cabinets, stainless appliances and granite counter tops. Crown molding and hardwood floors throughout the unit. In unit laundry. Extra storage in basement. Conveniently located within walking distance to downtown restaurants, shopping, Salem State University and waterfront. Showings begin at Open house Sunday May 21st 11:30-1pm.

Last Agent to Sell the Property

Nicole Reid

Aluxety Listed on: 05/17/2017

Last Buyer's Agent

Tina Crowley

Compass

Compass

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,211

Year Built

1954

Lot Details

0

Listing Details

  • Unit Level: 1
  • Unit Placement: Garden
  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Garden
  • Other Agent: 1.00
  • Lead Paint: Unknown
  • Year Round: Yes
  • Year Built Description: Approximate
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1954

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Medical Facility, Highway Access, House of Worship, Marina, Public School, T-Station, University
  • Flooring: Tile, Hardwood
  • Bedroom 2: First Floor
  • Bathroom #1: First Floor
  • Kitchen: First Floor
  • Laundry Room: First Floor
  • Living Room: First Floor
  • Master Bedroom: First Floor
  • No Bedrooms: 2
  • Full Bathrooms: 1
  • No Living Levels: 1
  • Main Lo: C95098
  • Main So: BB3227

Exterior Features

  • Exterior: Shingles, Wood

Garage/Parking

  • Parking: Off-Street
  • Parking Spaces: 1

Utilities

  • Hot Water: Oil
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Condominium Name: Gardner's Watch Condominium
  • Association Fee Includes: Heat, Hot Water, Master Insurance, Snow Removal
  • Management: Owner Association
  • No Units: 4
  • Unit Building: 1

Fee Information

  • Fee Interval: Monthly

Schools

  • High School: Salem High

Lot Info

  • Zoning: R3

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
$435,084

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
Source: Public Records

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Range of Values:

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Average Value
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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 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

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

    75 Total Sales

    Section Image

  • B

    Buyer's Agent in 2020

    Brian Perrin

    Brian J. Perrin Real Estate

    1 in this area

    15 Total Sales

    Section Image
  • Nicole Reid

    Seller's Agent in 2017

    Nicole Reid

    Aluxety

    (978) 239-8925

    39 Total Sales

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72166523

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 and is currently priced at $265,000, approximately $280 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.

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