$205,088
SOLD MAR 28, 2016

245 Lafayette St Unit 2A Salem, MA 01970

South Salem Neighborhood
2 Beds
1 Bath
864 Sq Ft
0.55 Acres

Recently Sold

$237 Per Sq Ft

2% Below List Price

11 Days on Market

About This Home

As of November 2017

Bright, sunny 2-bedroom corner unit close to University, park and ocean, yet convenient to downtown Salem restaurants, PEM and train depot. This impeccable 2nd floor unit features spacious walk-in closet in master bedroom, in-unit Bosch stackable washer/dryer, living room with hardwood floors and sliders to private balcony. Professionally Managed building , deeded onsite parking, elevator, additional unit basement storage and 2nd shared laundry in basement - low condo fee. You will love this modern pet-friendly building. Fantastic value!

Last Agent to Sell the Property

Clare White Sullivan

Coldwell Banker Realty - Beverly License #454007168 Listed on: 02/18/2016

Last Buyer's Agent

Kimberly Paula

EXIT Realty Beatrice Associates License #448554113

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,991

Year Built

1971

Lot Details

0

Listing Details

  • Unit Level: 2
  • Unit Placement: Upper, Corner
  • Property Type: Condominium/Co-Op
  • Lead Paint: Unknown
  • Year Round: Yes
  • Restrictions: RV/Boat/Trailer
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1971

Interior Features

  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Has Basement: No
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Swimming Pool, Park, Walk/Jog Trails, Golf Course, Medical Facility, Bike Path, Conservation Area, Public School, T-Station, University
  • Electric: Circuit Breakers
  • Flooring: Tile, Wall to Wall Carpet, Laminate, Hardwood
  • Interior Amenities: Cable Available, Intercom
  • No Living Levels: 1

Exterior Features

  • Roof: Tar & Gravel
  • Construction: Frame, Brick, Stone/Concrete
  • Exterior: Brick
  • Exterior Unit Features: Balcony
  • Beach Ownership: Public

Garage/Parking

  • Parking: Assigned, Deeded, Exclusive Parking
  • Parking Spaces: 1

Utilities

  • Cooling: Wall AC
  • Heating: Hot Water Baseboard, Gas
  • Cooling Zones: 2
  • Heat Zones: 1
  • Hot Water: Natural Gas
  • Utility Connections: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Sewage District: SESD

Condo/Co-op/Association

  • Condominium Name: Continental Condominium
  • Association Fee Includes: Hot Water, Water, Sewer, Master Insurance, Laundry Facilities, Elevator, Exterior Maintenance, Landscaping, Snow Removal, Extra Storage, Refuse Removal, Reserve Funds
  • Management: Professional - Off Site
  • Pets Allowed: Yes w/ Restrictions
  • No Units: 24
  • Unit Building: 2A

Fee Information

  • Fee Interval: Monthly

Schools

  • Elementary School: Saltonstall
  • Middle School: Saltonstall
  • High School: Salem High

Lot Info

  • Assessor Parcel Number: M:33 L:0464 S:809
  • Zoning: R3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2017
Closed on
Nov 9, 2017
Sold by
Fidellow Investments L
Bought by
Hichens Kelsey
Seller's Agent
Kimberly Paula
EXIT Realty Beatrice Associates
Buyer's Agent
Matthew Quinlan
Classified Realty Group
List Price
$264,988
Sold Price
$250,000
Premium/Discount to List
-$14,988
-5.66%
Current Estimated Value
$427,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,243
Avg. Annual Appreciation
6.50%
Original Mortgage
$150,000
Outstanding Balance
$127,115
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$282,213

Purchase Details

Listed on
Feb 18, 2016
Closed on
Mar 28, 2016
Sold by
Kelley Jacqueline E
Bought by
Fidellow Investments L
Seller's Agent
Clare White Sullivan
Coldwell Banker Realty - Beverly
Buyer's Agent
Kimberly Paula
EXIT Realty Beatrice Associates
List Price
$209,900
Sold Price
$205,088
Premium/Discount to List
-$4,812
-2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.00%

Purchase Details

Closed on
Nov 8, 2011
Sold by
Kelley Jacqueline E and Kelley John R
Bought by
Kelley Jacqueline E

Purchase Details

Closed on
May 26, 2011
Sold by
Gaudette James
Bought by
Kelley Jacqueline E and Kelley John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,200
Interest Rate
4.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2005
Sold by
Fincl Cendant Mobility
Bought by
Gaudette James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,000
Interest Rate
5.56%
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 Type Sale Price Title Company
Not Resolvable $250,000 --
Not Resolvable $205,088 --
Deed -- --
Deed $149,000 --
Deed $215,000 --
Deed $215,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 New Conventional
Previous Owner $119,200 Purchase Money Mortgage
Previous Owner $199,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2017 11/09/17 Sold $250,000 -4.6% $289 / Sq Ft
10/05/2017 10/05/17 Pending -- -- --
09/22/2017 09/22/17 Price Changed $262,088 -0.8% $303 / Sq Ft
09/19/2017 09/19/17 Price Changed $264,088 -0.3% $306 / Sq Ft
09/15/2017 09/15/17 Price Changed $264,888 0.0% $307 / Sq Ft
08/28/2017 08/28/17 For Sale $264,988 +29.2% $307 / Sq Ft
03/28/2016 03/28/16 Sold $205,088 -2.3% $237 / Sq Ft
02/29/2016 02/29/16 Pending -- -- --
02/18/2016 02/18/16 For Sale $209,900 -- $243 / 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 $3,991 $351,900 $0 $351,900
2024 $3,965 $341,200 $0 $341,200
2023 $3,847 $307,500 $0 $307,500
2022 $3,479 $262,600 $0 $262,600
2021 $3,377 $244,700 $0 $244,700
2020 $3,389 $234,500 $0 $234,500
2019 $3,259 $215,800 $0 $215,800
2018 $2,831 $184,100 $0 $184,100
2017 $2,714 $171,100 $0 $171,100
2016 $2,313 $147,600 $0 $147,600
2015 $2,330 $142,000 $0 $142,000
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2017

    Kimberly Paula

    EXIT Realty Beatrice Associates

    Section Image
  • Matthew Quinlan

    Buyer's Agent in 2017

    Matthew Quinlan

    Classified Realty Group

    (978) 827-8268

    148 Total Sales

    Matthew Quinlan
    Section Image

  • C

    Seller's Agent in 2016

    Clare White Sullivan

    Coldwell Banker Realty - Beverly

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71960467

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000464-000809-000809

Massachusetts Essex County Salem 01970 South Salem

245 Lafayette St Unit 2A, Salem, MA

This home is located at 245 Lafayette St Unit 2A, Salem, MA 01970 and is currently priced at $205,088, approximately $237 per square foot. This property was built in 1971. 245 Lafayette St Unit 2A is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) 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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