NOT LISTED FOR SALE

Estimated Value: $340,000 - $423,000

1 Bed
1 Bath
731 Sq Ft
$175/mo HOA Fee

Last Sold July 30, 2020

Last sale price $267,900 $366 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,495/month

19 Days on Market

Highlights

  • Marina
  • Medical Services
  • No Units Above
  • Golf Course Community
  • Spa
  • 1-minute walk to High Street Park

About This Home

As of July 2020

This dramatic penthouse unit is located in a Federal-style building in the heart of Salem, just a few blocks from Salem's vital downtown, which offers fine eateries, museums, Derby Wharf and the commuter rail. The unit is stunning from its cathedral ceilings with antique post & beam construction to the towering antique ornamental fireplaces in both the huge living and bedrooms. In addition, a staircase leads to a great open loft large enough to accommodate a queen-size bed or office. Both kitchen and bath are updated, laundry is separately assigned in basement as is the parking space on the premises. In addition, there is an unfinished, walk-up attic offering wonderful storage as well as basement storage and a low condo fee. Fantastic unit with great value!

Last Agent to Sell the Property

Judith Zissulis

Keller Williams Realty Evolution Listed on: 05/29/2020

Keller Williams Realty Evolution

Last Buyer's Agent

Judith Zissulis

Keller Williams Realty Evolution Listed on: 05/29/2020

Keller Williams Realty Evolution

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,004

Year Built

  • Built in 1804

Lot Details

  • Waterfront
  • Near Conservation Area
  • No Units Above
  • End Unit

HOA Fees

  • $175 Monthly HOA Fees

Home Design

  • Post and Beam
  • Entry on the 3rd floor
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof
  • Stone

Interior Spaces

  • 731 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Cathedral Ceiling
  • Light Fixtures
  • Bay Window
  • Living Room with Fireplace
  • 2 Fireplaces
  • Home Office
  • Laundry in Basement
  • Attic Access Panel

Kitchen

  • Stove
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • 1 Full Bathroom
  • Soaking Tub
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Car Parking Space
  • Unpaved Parking
  • Open Parking
  • Off-Street Parking
  • Deeded Parking

Outdoor Features

  • Spa
  • Walking Distance to Water
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • 1 Heating Zone
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Baseboard Heating
  • Natural Gas Connected
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number M:25 L:0582 S:805,4523238

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, snow removal
  • 6 Units
  • Mid-Rise Condominium

Amenities

  • Medical Services
  • Common Area
  • Shops
  • Coin Laundry
  • Community Storage Space

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Pet Policy

  • Pets Allowed

Security

  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,004

Year Built

Built in 1804

Lot Details

0

HOA Fees

$175 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise, Loft
  • Year Built: 1804
  • Buyer Agency: 2.0
  • Buyer Agency Type: %
  • Entry Level: 3
  • Transaction Broker: 1.0
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Vinyl, Carpet
  • Interior Amenities: Home Office, Internet Available - Broadband
  • Entry Location: Unit Placement(Back,Garden)
  • Fireplace Features: Living Room, Master Bedroom
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Appliances: Dishwasher,Refrigerator,Washer,Dryer, Gas Water Heater,Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Dryer
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Cathedral Ceiling(s), Beamed Ceilings, Closet, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box, Attic Access, High Speed Internet Hookup, Lighting - Overhead
  • Room Master Bedroom Level: Main
  • Bathroom 1 Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Laminate, Countertops - Upgraded, Jacuzzi / Whirlpool Soaking Tub
  • Bathroom 1 Level: Main
  • Room Kitchen Level: Main
  • Room Kitchen Features: Flooring - Laminate, Window(s) - Bay/Bow/Box, Stainless Steel Appliances, Gas Stove
  • Laundry Features: In Basement, In Building
  • Room Living Room Level: Main
  • Room Living Room Features: Cathedral Ceiling(s), Beamed Ceilings, Closet, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box, Cable Hookup, High Speed Internet Hookup, Lighting - Overhead
  • Room Office Level: Fourth Floor
  • Living Area: 731
  • Spa YN: Yes
  • Stories Total: 2
  • Window Features: Storm Window(s)
  • MAIN LO: C95098
  • LIST PRICE PER Sq Ft: 366.48
  • PRICE PER Sq Ft: 366.48
  • MAIN SO: C95098

Exterior Features

  • Exterior Features: Rain Gutters
  • Common Walls: No One Above, End Unit
  • Construction Materials: Frame, Brick, Stone, Post & Beam
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, Ocean, Walk to, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Deeded, Unpaved
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Dryer
  • Cooling: Window Unit(s), Individual
  • Heating: Baseboard, Natural Gas, Unit Control
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1

Condo/Co-op/Association

  • Association Amenities: Laundry, Storage
  • Association Fee: 175
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University
  • Senior Community YN: No
  • UNIT BUILDING: 5
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Snow Removal

Lot Info

  • Parcel Number: M:25 L:0582 S:805,4523238
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4791.6
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • LOT SIZE: 4700
  • PAGE: 284
  • OUTDOOR SPACE AVAILABLE: Yes - Common

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3004
  • Tax Book Number: 36946

Multi Family

  • Number Of Units Total: 6
  • NO UNITS OWNER OCC: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2020
Closed on
Jul 6, 2020
Sold by
Fanelli Christen A
Bought by
Capano Stephen R
Seller's Agent
Judith Zissulis
Keller Williams Realty Evolution
Buyer's Agent
Judith Zissulis
Keller Williams Realty Evolution
List Price
$267,900
Sold Price
$267,900
Current Estimated Value
$381,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,222
Avg. Annual Appreciation
7.00%
Original Mortgage
$241,110
Outstanding Balance
$213,800
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$167,322

Purchase Details

Listed on
Jul 12, 2018
Closed on
Aug 17, 2018
Sold by
Hayes Brian M
Bought by
Fanelli Christen A
Seller's Agent
Mark Wade
Coldwell Banker Realty - Marblehead
Buyer's Agent
Maggie Gibson
MerryFox Realty
List Price
$219,000
Sold Price
$225,000
Premium/Discount to List
$6,000
2.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.36%
Original Mortgage
$180,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2005
Sold by
Holloran Dev Llc
Bought by
Hayes Brian M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Capano Stephen R $267,900 None Available
Fanelli Christen A $225,000 --
Hayes Brian M $245,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Capano Stephen R $241,110
Previous Owner Fanelli Christen A $180,000
Previous Owner Hayes Brian M $50,200
Previous Owner Hayes Brian M $196,000
Previous Owner Hayes Brian M $49,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/30/2020 07/30/20 Sold $267,900 0.0% $366 / Sq Ft
06/16/2020 06/16/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $267,900 +19.1% $366 / Sq Ft
08/17/2018 08/17/18 Sold $225,000 +2.7% $271 / Sq Ft View Prior Sale
07/17/2018 07/17/18 Pending -- -- --
07/12/2018 07/12/18 For Sale $219,000 0.0% $264 / Sq Ft
01/05/2012 01/05/12 Rented $1,100 0.0% --
01/05/2012 01/05/12 For Rent $1,100 -- --
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 $3,598 $317,300 $0 $317,300
2024 $3,400 $292,600 $0 $292,600
2023 $3,340 $267,000 $0 $267,000
2022 $3,270 $246,800 $0 $246,800
2021 $3,097 $224,400 $0 $224,400
2020 $3,004 $207,900 $0 $207,900
2019 $2,762 $182,900 $0 $182,900
2018 $2,548 $166,800 $0 $166,800
2017 $2,500 $157,600 $0 $157,600
2016 $2,349 $149,900 $0 $149,900
2015 $2,335 $142,300 $0 $142,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72663643

MLS Property Information Network (MLS PIN)

APN: SALE-000025-000000-000582-000805-000805