NOT LISTED FOR SALE

245 Lafayette St Unit 2B Salem, MA 01970

South Salem Neighborhood

Estimated Value: $395,000 - $428,000

2 Beds
1 Bath
874 Sq Ft
$237/mo HOA Fee

Last Sold November 02, 2021

Last sale price $334,000 $382 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,866/month

4 Days on Market

Highlights

  • Wood Flooring
  • Walk-In Closet
  • 2 Cooling Zones
  • Balcony

About This Home

As of November 2021

This sunny, two bedroom condo with open floor plan is move-in ready and will not disappoint! The unit offers a private balcony with plenty of sun and warmth, an in-unit washer/dryer and one car deeded parking. Some recent improvements include gorgeous refinished white oak floors, new bedroom carpet, fresh paint throughout, ceiling fan, wall AC unit and Nest Smart thermostat. The large primary bedroom with walk-in closet is adjacent to the second bedroom. Located close to Historic downtown Salem, Salem State University and two blocks from the Harbor. Nearby Forest River Park is completing its public outdoor pool renovation and offers two beaches. This professionally managed building has an elevator, private basement storage, is non-smoking and pet friendly. Offers due Tuesday, September 21st by noon.

Last Agent to Sell the Property

Lise Danforth

Coldwell Banker Realty - Marblehead Listed on: 09/16/2021

Coldwell Banker Realty - Marblehead

Last Buyer's Agent

Herrick Lutts Realty Partners

Herrick Lutts Realty Partners

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,979

Year Built

  • 1971

Lot Details

  • 0.55

HOA Fees

  • $237 per month

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Primary bedroom located on second floor
  • Walk-In Closet
  • Separate Shower

Utilities

  • 2 Cooling Zones
  • 1 Heating Zone

Additional Features

  • Washer and Electric Dryer Hookup
  • Balcony

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,979

Year Built

1971

Lot Details

0

HOA Fees

$237 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • Directions: On Rt 114 on the way to Salem State University
  • Garage Yn: No
  • Efficiency: Thermostat
  • Structure Type: Low-Rise
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1971

Interior Features

  • Appliances: Range,Dishwasher,Disposal,Refrigerator,Washer,Dryer, Utility Connections for Electric Range, Utility Connections for Electric Dryer
  • Room Bedroom2 Level: Second
  • Room Bedroom2 Features: Flooring - Wall to Wall Carpet
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Walk-In Closet(s), Flooring - Wall to Wall Carpet
  • Room Master Bedroom Level: Second
  • Bathroom 1 Features: Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Washer Hookup
  • Bathroom 1 Level: Second
  • Room Dining Room Features: Flooring - Hardwood
  • Room Dining Room Level: Second
  • Room Kitchen Level: Second
  • Room Kitchen Features: Flooring - Hardwood
  • Room Living Room Level: Second
  • Room Living Room Features: Flooring - Hardwood, Balcony - Exterior
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 343.14
  • PRICE PER Sq Ft: 382.15
  • MAIN SO: AN6507
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Insulated Doors
  • Fireplace: No
  • Flooring: Wood, Tile, Carpet
  • Other Equipment: Intercom
  • Stories: 1
  • Window Features: Insulated Windows

Exterior Features

  • Exterior Features: Balcony
  • Disclosures: Seller's Representative Has Never Lived In The Property. Age Of Systems And Appliances Unknown. 12 Month Rentals Allowed, No Short Term. Non-Smoking Building.
  • Waterfront Features: Beach Front, Harbor, 1/2 to 1 Mile To Beach
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Assigned, Deeded
  • Total Parking Spaces: 1

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Baseboard, Natural Gas
  • HEAT ZONES: 1
  • COOLING ZONES: 2
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating Yn: Yes
  • Laundry Features: Second Floor, In Unit
  • Security: Intercom
  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Dryer
  • Water Source: Public

Condo/Co-op/Association

  • UNIT BUILDING: 2B
  • MANAGEMENT: Professional - Off Site
  • Amenities: Hot Water, Laundry, Elevator(s), Storage
  • Association Fee: 237
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Public Transportation, Public School, T-Station, University
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds

Lot Info

  • PAGE: 388
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • Farm Land Area Units: Square Feet
  • Zoning: R3

Multi Family

  • NO UNITS OWNER OCC: 20
  • Number Of Units Total: 24

Tax Info

  • Tax Annual Amount: 3415
  • Tax Book Number: 21994
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2021
Closed on
Nov 2, 2021
Sold by
Taylor Julia C
Bought by
Garfield Nicole and Myers Patrick
Seller's Agent
Lise Danforth
Coldwell Banker Realty - Marblehead
Buyer's Agent
Herrick Lutts Realty Partners
Herrick Lutts Realty Partners
List Price
$299,900
Sold Price
$334,000
Premium/Discount to List
$34,100
11.37%
Current Estimated Value
$415,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,833
Avg. Annual Appreciation
4.95%
Original Mortgage
$322,000
Outstanding Balance
$297,431
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$103,124

Purchase Details

Closed on
Oct 30, 2003
Sold by
Lafayette Llc
Bought by
Taylor Julia C and Taylor Julie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.05%
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
Garfield Nicole $334,000 None Available
Taylor Julia C $208,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garfield Nicole $322,000
Previous Owner Taylor Julia C $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2021 11/02/21 Sold $334,000 +11.4% $382 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $299,900 -- $343 / 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 $3,979 $350,900 $0 $350,900
2024 $3,953 $340,200 $0 $340,200
2023 $3,836 $306,600 $0 $306,600
2022 $3,469 $261,800 $0 $261,800
2021 $3,366 $243,900 $0 $243,900
2020 $3,378 $233,800 $0 $233,800
2019 $3,250 $215,200 $0 $215,200
2018 $2,824 $183,600 $0 $183,600
2017 $2,706 $170,600 $0 $170,600
2016 $2,307 $147,200 $0 $147,200
2015 $2,322 $141,500 $0 $141,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72896039

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000464-000810-000810