NOT LISTED FOR SALE

245 Lafayette St Unit 2E Salem, MA 01970

South Salem Neighborhood

Estimated Value: $381,000 - $480,000

2 Beds
1 Bath
881 Sq Ft
0.55 Acres

Last Sold April 10, 2020

Last sale price $282,000 $320 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,599/month

6 Days on Market

About This Home

As of April 2020

Great opportunity to own this Spacious 2 Bedroom condo centrally located in vibrant Salem. Bright sunny unit with gleaming hardwood floors and great balcony for morning coffee or relaxing after a long day. Recent updates include windows, slider, in unit washer/dryer, new balcony, and upgraded electrical. The building is professionally managed, equipped with elevators, pet friendly, provides extra storage, and deeded parking (spot #25.) All this and easy access to Boston, trains, shopping, schools, restaurants, and beaches. Whether your'e an investor or future home owner, this one checks all the boxes.

Last Agent to Sell the Property

Joyce Sullivan

Keller Williams Realty Evolution Listed on: 02/27/2020

Keller Williams Realty Evolution

Last Buyer's Agent

Ryan Mirisola

Lamacchia Realty, Inc.

Lamacchia Realty, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,010

Year Built

  • Built in 1971

Lot Details

  • 0.55

Flooring

  • Wood
  • Wall to Wall Carpet

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Heating System Uses Gas
  • Natural Gas Water Heater

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,010

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Low-Rise
  • Other Agent: 1.00
  • Restrictions: Smoking - In Common Areas, Smoking - In Units
  • Year Built Description: Renovated Since
  • List Price Per Sq Ft: 305.33
  • Comp Based On: Net Sale Price
  • Year Built: 1971
  • Lead Paint: Unknown
  • Unit Building: 2E
  • Unit Level: 2
  • Unit Placement: End, Middle
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1971

Interior Features

  • Flooring: Wall to Wall Carpet, Hardwood
  • No Bedrooms: 2
  • Master Bedroom: On Level: Second Floor, Dimension: 11X18
  • Bedroom 2: On Level: Second Floor, Dimension: 10X15
  • Full Bathrooms: 1
  • Bathroom 1: On Level: Second Floor, Dimension: 9X5
  • No Rooms: 5
  • Dining Room: On Level: Second Floor, Dimension: 7X11, Flooring - Hardwood
  • Kitchen: On Level: Second Floor, Dimension: 8X11
  • Laundry: On Level: Second Floor, Bathroom - Full
  • Living Room: On Level: Second Floor, Dimension: 17X13, Flooring - Hardwood, Balcony - Exterior, Slider
  • No Living Levels: 1
  • Main Lo: C95236
  • Main So: AN2314
  • Estimated Sq Ft: 881.00

Exterior Features

  • Beachfront Flag: Yes
  • Beach Miles To: 0 to 1/10 Mile
  • Exterior Unit Features: Balcony

Garage/Parking

  • Parking Feature: Off-Street, Deeded, Paved Driveway
  • Parking Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Wall AC
  • Cooling Zones: 1
  • Heating: Central Heat, Gas
  • Heat Zones: 1
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Private School, Public School, University
  • HOA Fees: 237.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Laundry Facilities, Elevator, Exterior Maintenance, Road Maintenance, Landscaping, Snow Removal
  • Condo Association: Yes
  • Association Security: Intercom
  • Management: Professional - Off Site

Association/Amenities

  • Condominium Name: CONTINENTIAL CONDOMINIUM

Lot Info

  • Assessments: 235800.00
  • Lot: 0464
  • Page: 141
  • Zoning: R3
  • Master Book: 18912
  • Master Page: 256

Green Features

  • Energy Features: Insulated Windows, Insulated Doors

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Taxes: 3407.31
  • Assessor Parcel Number: 4421186

Multi Family

  • No Units: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2020
Closed on
Apr 5, 2020
Sold by
Chephren Llc
Bought by
Keevan Alex G and Keevan Deanna S
Seller's Agent
Joyce Sullivan
Keller Williams Realty Evolution
Buyer's Agent
Ryan Mirisola
Lamacchia Realty, Inc.
List Price
$269,000
Sold Price
$282,000
Premium/Discount to List
$13,000
4.83%
Current Estimated Value
$428,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,976
Avg. Annual Appreciation
7.23%
Original Mortgage
$273,540
Outstanding Balance
$244,934
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$167,577

Purchase Details

Closed on
Sep 17, 2012
Sold by
Aegerter Sandrine S
Bought by
Chephren Llc

Purchase Details

Listed on
Mar 31, 2012
Closed on
Jul 3, 2012
Sold by
Belanger Craig J and Belanger Courtney E
Bought by
Aegerter Sandrine S
Seller's Agent
Joyce Sullivan
Keller Williams Realty Evolution
Buyer's Agent
Joe Anderson
Premier Realty Group, Inc.
List Price
$149,000
Sold Price
$139,000
Premium/Discount to List
-$10,000
-6.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.57%

Purchase Details

Closed on
Jun 30, 2006
Sold by
Hojlo Joseph
Bought by
Belanger Craig J and Munroe Courtney E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,500
Interest Rate
6.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2003
Sold by
Lafayette Llc
Bought by
Hojlo Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.53%
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
Keevan Alex G $282,000 None Available
Chephren Llc -- --
Aegerter Sandrine S $139,000 --
Belanger Craig J $213,500 --
Hojlo Joseph $211,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keevan Alex G $273,540
Previous Owner Hojlo Joseph $213,500
Previous Owner Hojlo Joseph $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2020 04/10/20 Sold $282,000 +4.8% $320 / Sq Ft
03/04/2020 03/04/20 Pending -- -- --
02/27/2020 02/27/20 For Sale $269,000 +93.5% $305 / Sq Ft
07/03/2012 07/03/12 Sold $139,000 -6.7% $158 / Sq Ft
06/28/2012 06/28/12 Pending -- -- --
03/31/2012 03/31/12 For Sale $149,000 -- $169 / 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 $4,010 $353,600 $0 $353,600
2024 $3,984 $342,900 $0 $342,900
2023 $3,869 $309,300 $0 $309,300
2022 $3,499 $264,100 $0 $264,100
2021 $3,395 $246,000 $0 $246,000
2020 $3,407 $235,800 $0 $235,800
2019 $3,277 $217,000 $0 $217,000
2018 $2,848 $185,200 $0 $185,200
2017 $2,730 $172,100 $0 $172,100
2016 $2,327 $148,500 $0 $148,500
2015 $2,342 $142,700 $0 $142,700
Source: Public Records

Agents Affiliated with this Home

  • Joyce Sullivan

    Seller's Agent in 2020

    Joyce Sullivan

    Keller Williams Realty Evolution

    (978) 852-5388

    4 in this area

    98 Total Sales

    Joyce Sullivan
    Section Image
  • Ryan Mirisola

    Buyer's Agent in 2020

    Ryan Mirisola

    Lamacchia Realty, Inc.

    (617) 775-3431

    85 Total Sales

    Ryan Mirisola
    Section Image

  • J

    Buyer's Agent in 2012

    Joe Anderson

    Premier Realty Group, Inc.

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72625350

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000464-000813-000813

Massachusetts Essex County Salem 01970 South Salem

245 Lafayette St Unit 2E, Salem, MA

This home is located at 245 Lafayette St Unit 2E, Salem, MA 01970 since 27 February 2020 and is currently estimated at $428,976, approximately $486 per square foot. This property was built in 1971. 245 Lafayette St Unit 2E 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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