NOT LISTED FOR SALE

198 Lafayette St Unit 3 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $420,000 - $494,000

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

Last Sold March 31, 2014

Last sale price $200,000 $209 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $2,814/month

54 Days on Market

About This Home

As of March 2014

"Gardner's Watch!" Superior quality, finishes, designs - this home has it all: crown molding in every room, bull-nosed solid granite counters, under cabinet lighting, hardwood floors and brand new appliances - THERE IS NO PLACE BETTER! This property is eligible under the Freddie Mac First Look Initiative through 01/29/2014. PROPERTY SOLD AS-IS. SELLER AND SELLER AGENT MAKE NO REPRESENTATIONS, EITHER EXPRESSED OR IMPLIED. BUYERS TO PERFORM ALL DUE DILIGENCE. SELLER ADDENDUMS APPLY. ALL OFFERS MUST BE ACCOMPANIED BY PRE-APPROVAL AND/OR PROOF OF FUNDS

Last Agent to Sell the Property

Judith DiFrancesco

Berkshire Hathaway HomeServices Verani Realty Salem Listed on: 01/10/2014

Berkshire Hathaway HomeServices Verani Realty Salem

Last Buyer's Agent

Tyson Lynch

The Proper Nest Real Estate

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,090

Year Built

1954

Lot Details

0

Listing Details

  • Unit Level: 2
  • Unit Placement: Upper
  • Special Features: 20
  • Property Sub Type: Condos
  • Year Built: 1954

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping
  • Electric: Circuit Breakers
  • Flooring: Wood, Tile
  • Interior Amenities: Cable Available
  • Bedroom 2: First Floor
  • Kitchen: First Floor
  • Living Room: First Floor
  • Master Bedroom: First Floor
  • Master Bedroom Description: Flooring - Wood
  • Dining Room: First Floor

Exterior Features

  • Construction: Frame
  • Exterior: Shingles, Wood

Garage/Parking

  • Parking: Off-Street, Deeded
  • Parking Spaces: 1

Utilities

  • Hot Water: Oil
  • Utility Connections: for Electric Range

Condo/Co-op/Association

  • Association Fee Includes: Heat, Hot Water, Master Insurance, Snow Removal
  • Management: Owner Association
  • Pets Allowed: Yes
  • No Units: 4
  • Unit Building: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2014
Closed on
Mar 31, 2014
Sold by
Fhlmc
Bought by
Botelho Luke
Seller's Agent
Judith DiFrancesco
Berkshire Hathaway HomeServices Verani Realty Salem
Buyer's Agent
Tyson Lynch
The Proper Nest Real Estate
List Price
$224,900
Sold Price
$200,000
Premium/Discount to List
-$24,900
-11.07%
Current Estimated Value
$447,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,785
Avg. Annual Appreciation
7.48%
Original Mortgage
$190,000
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2013
Sold by
Nelson-Cook Tammy
Bought by
Fhlmc

Purchase Details

Closed on
Jan 29, 2007
Sold by
Frisch Aser
Bought by
Nelson-Cook Tammy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.15%
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
Botelho Luke $200,000 --
Fhlmc $203,861 --
Nelson-Cook Tammy $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Botelho Kimberly L $169,000
Closed Botelho Luke $190,000
Previous Owner Nelson-Cook Tammy $192,000
Previous Owner Nelson-Cook Tammy $36,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2014 03/31/14 Sold $200,000 0.0% $209 / Sq Ft
03/05/2014 03/05/14 Pending -- -- --
03/01/2014 03/01/14 Off Market $200,000 -- --
02/10/2014 02/10/14 Price Changed $209,900 -6.7% $220 / Sq Ft
01/10/2014 01/10/14 For Sale $224,900 -- $235 / 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 $4,090 $360,700 $0 $360,700
2024 $4,040 $347,700 $0 $347,700
2023 $4,053 $324,000 $0 $324,000
2022 $3,882 $293,000 $0 $293,000
2021 $3,770 $273,200 $0 $273,200
2020 $3,662 $253,400 $0 $253,400
2019 $3,665 $242,700 $0 $242,700
2018 $3,382 $219,900 $0 $219,900
2017 $3,183 $200,700 $0 $200,700
2016 $3,013 $192,300 $0 $192,300
2015 $2,962 $180,500 $0 $180,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71621721

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000214-000803-000803