NOT LISTED FOR SALE

20 Central St Unit 407 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $515,235 - $620,000

2 Beds
2 Baths
1,395 Sq Ft
1980 Built

Last Sold February 01, 2016

Last sale price $300,000 $215 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $3,456/month

50 Days on Market

About This Home

As of February 2016

This penthouse condo is a MUST SEE! Come check out this bright, sunny, 2 bedroom 2 bath corner unit in an extremely well maintained building in the center of downtown Salem. This freshly painted unit features an open concept living/dining room that leads to a large 23x6' private deck. The master bedroom features a large 8x6' walk in closet, full bath as well an additional private deck. A new heating/central air conditioning unit, in unit washer/ dryer, and abundance of closet space are only a few of the bonus features this unit has to offer. The underground, secure, parking spot will keep you and your car out of the elements all year round. Additional storage and coin operated washer and dryers available in the basement for all to use. This condo is in the heart of Salem and a short distance from the train, restaurants, museums and the waterfront.

Last Agent to Sell the Property

Steven Lynch

Real Broker MA, LLC Listed on: 10/21/2015

Real Broker MA, LLC

Last Buyer's Agent

Jennifer Crowe

Atlantic Coast Homes,Inc

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,435

Year Built

1980

Lot Details

0

Listing Details

  • Unit Level: 4
  • Unit Placement: Top/Penthouse
  • Other Agent: 1.00
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1980

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Has Basement: Yes
  • Primary Bathroom: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Park, Medical Facility, Marina, T-Station, University
  • Electric: 100 Amps
  • Energy: Storm Doors
  • Flooring: Tile, Wall to Wall Carpet, Concrete, Laminate
  • Interior Amenities: Intercom
  • Bedroom 2: Fourth Floor, 12X14
  • Kitchen: Fourth Floor, 11X9
  • Laundry Room: Fourth Floor
  • Living Room: Fourth Floor, 25X15
  • Master Bedroom: Fourth Floor, 12X14
  • Master Bedroom Description: Bathroom - Full, Closet - Walk-in, Flooring - Wall to Wall Carpet, Deck - Exterior
  • Dining Room: Fourth Floor

Exterior Features

  • Construction: Brick, Stone/Concrete
  • Exterior: Brick
  • Exterior Unit Features: Deck - Roof

Garage/Parking

  • Garage Parking: Under, Assigned
  • Garage Spaces: 1
  • Parking Spaces: 0

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Electric
  • Cooling Zones: 1
  • Heat Zones: 1
  • Hot Water: Electric
  • Utility Connections: for Electric Oven, for Electric Dryer, Washer Hookup

Condo/Co-op/Association

  • Condominium Name: Central Plaza
  • Association Fee Includes: Water, Sewer, Master Insurance, Security, Laundry Facilities, Elevator, Exterior Maintenance, Landscaping
  • Association Security: Intercom, TV Monitor
  • Management: Professional - Off Site
  • No Units: 50
  • Unit Building: 407

Lot Info

  • Assessor Parcel Number: M:35 L:0248 S:849

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2015
Closed on
Feb 1, 2016
Sold by
Alh Rt
Bought by
Adler James A and Culhane Ida L
Seller's Agent
Steven Lynch
Real Broker MA, LLC
Buyer's Agent
Jennifer Crowe
Atlantic Coast Homes,Inc
List Price
$318,000
Sold Price
$300,000
Premium/Discount to List
-$18,000
-5.66%
Current Estimated Value
$570,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,309
Avg. Annual Appreciation
6.76%
Original Mortgage
$240,000
Outstanding Balance
$191,448
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$378,861

Purchase Details

Closed on
May 10, 1996
Sold by
Aldrich James A and Aldrich Cynthia L
Bought by
Hloude Alice L and Fitreau Rohert I
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Adler James A $300,000 --
Hloude Alice L $126,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adler James A $240,000
Previous Owner Hloude Alice L $80,000
Previous Owner Hloude Alice L $28,500
Previous Owner Hloude Alice L $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2016 02/01/16 Sold $300,000 -5.7% $215 / Sq Ft
12/10/2015 12/10/15 Pending -- -- --
10/21/2015 10/21/15 For Sale $318,000 -- $228 / 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 $5,435 $479,300 $0 $479,300
2024 $5,783 $497,700 $0 $497,700
2023 $5,577 $445,800 $0 $445,800
2022 $5,190 $391,700 $0 $391,700
2021 $5,092 $369,000 $0 $369,000
2020 $5,068 $350,700 $0 $350,700
2019 $4,963 $328,700 $0 $328,700
2018 $4,503 $292,800 $0 $292,800
2017 $4,349 $274,200 $0 $274,200
2016 $4,013 $256,100 $0 $256,100
2015 $4,181 $254,800 $0 $254,800
Source: Public Records

Agents Affiliated with this Home

  • Steven Lynch

    Seller's Agent in 2016

    Steven Lynch

    Real Broker MA, LLC

    (508) 641-7478

    1 in this area

    20 Total Sales

    Steven Lynch
    Section Image
  • Jennifer Crowe

    Buyer's Agent in 2016

    Jennifer Crowe

    Atlantic Coast Homes,Inc

    (978) 505-1158

    1 in this area

    45 Total Sales

    Jennifer Crowe
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71922236

MLS Property Information Network (MLS PIN)

APN: SALE-000035-000000-000248-000849-000849

Massachusetts Essex County Salem 01970 Downtown Salem

20 Central St Unit 407, Salem, MA

Not Listed for Sale

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