NOT LISTED FOR SALE

245 Lafayette St Unit 2F Salem, MA 01970

South Salem Neighborhood

Estimated Value: $316,000 - $372,000

1 Bed
1 Bath
668 Sq Ft
$509/Sq Ft Est. Value

Last Sold May 20, 2021

Last sale price $267,000 $400 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,165/month

About This Home

As of May 2021

Embrace city vibes with this chic one-bedroom hideaway, minutes from the heart of downtown Salem! As soon as you step in, the gleaming hardwood floors invite you into an airy living room filled with natural sunlight from the sliders to your private balcony - perfect for a morning coffee. A compact and functional kitchen makes cooking a breeze, while a good sized bedroom offers a peaceful retreat and super sized closet. The white full bathroom has been nicely updated. Offered furnished with style for your convenience. Well maintained building with laundry room, private storage unit and one car deeded parking enhance your living experience. Take advantage of fantastic restaurants, boutique shops, electric nightlife and the commuter rail nearby and make vibrant Salem your next best move.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2022
Sold by
Olguin-Gallardo Alfredo and Gannon Ella M
Bought by
Gallardo Alfredo O
Current Estimated Value
$339,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,707
Outstanding Balance
$153,250
Interest Rate
3.13%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$186,467

Purchase Details

Listed on
Mar 24, 2021
Closed on
May 20, 2021
Sold by
Macphee Gregory C
Bought by
Olguin-Gallardo Alfredo and Peterson Elena
Seller's Agent
Henry Pizzo
Aluxety
Buyer's Agent
Shari McGuirk
Sagan Harborside Sotheby's International Realty
List Price
$229,000
Sold Price
$267,000
Premium/Discount to List
$38,000
16.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.19%
Original Mortgage
$167,000
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 17, 2017
Closed on
Jun 16, 2017
Sold by
Cahill Ryan E
Bought by
Macphee Gregory C
Seller's Agent
Tyson Lynch
The Proper Nest Real Estate
Buyer's Agent
William Mcclory
Dream Seekers Realty, LLC
List Price
$199,900
Sold Price
$199,000
Premium/Discount to List
-$900
-0.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.77%
Original Mortgage
$189,050
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2011
Sold by
Mcelhiney William and Mcelhiney Paula
Bought by
Cahill Ryan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,853
Interest Rate
3.98%

Purchase Details

Closed on
Apr 15, 2004
Sold by
Hayes Philip A
Bought by
Mcelhiney William and Mcelhiney Paula F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,800
Interest Rate
5.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2003
Sold by
Lafayette Llc
Bought by
Hayes Philip A

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Gallardo Alfredo O -- None Available
Olguin-Gallardo Alfredo $267,000 None Available
Macphee Gregory C $199,000 --
Cahill Ryan E $131,500 --
Mcelhiney William $161,000 --
Hayes Philip A $157,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallardo Alfredo O $161,707
Previous Owner Olguin-Gallardo Alfredo $167,000
Previous Owner Macphee Gregory C $189,050
Previous Owner Hayes Philip A $4,853
Previous Owner Hayes Philip A $101,255
Previous Owner Hayes Philip A $26,300
Previous Owner Hayes Philip A $128,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2023 12/18/23 Rented $1,969 -1.6% --
12/15/2023 12/15/23 Under Contract -- -- --
10/17/2023 10/17/23 For Rent $2,000 0.0% --
05/20/2021 05/20/21 Sold $267,000 +16.6% $400 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $229,000 +15.1% $343 / Sq Ft
06/16/2017 06/16/17 Sold $199,000 -0.5% $298 / Sq Ft
04/25/2017 04/25/17 Pending -- -- --
04/17/2017 04/17/17 For Sale $199,900 -- $299 / Sq Ft

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 $3,263 $287,700 $0 $287,700
2024 $3,233 $278,200 $0 $278,200
2023 $3,060 $244,600 $0 $244,600
2022 $2,772 $209,200 $0 $209,200
2021 $2,691 $195,000 $0 $195,000
2020 $2,705 $187,200 $0 $187,200
2019 $2,605 $172,500 $0 $172,500
2018 $2,267 $147,400 $0 $147,400
2017 $2,166 $136,600 $0 $136,600
2016 $1,847 $117,900 $0 $117,900
2015 $1,859 $113,300 $0 $113,300
Source: Public Records

Agents Affiliated with this Home

  • Shari McGuirk

    Seller's Agent in 2023

    Shari McGuirk

    Sagan Harborside Sotheby's International Realty

    (781) 589-7720

    3 in this area

    76 Total Sales

    Shari McGuirk
    Section Image

  • A

    Buyer's Agent in 2023

    Alyssa Leonardo

    Desired Homes Realty LLC

    1 Total Sale

    Alyssa Leonardo
    Section Image
  • Henry Pizzo

    Seller's Agent in 2021

    Henry Pizzo

    Aluxety

    (978) 317-6139

    2 in this area

    146 Total Sales

    Henry Pizzo
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    Jaclyn O'Neil

    Coldwell Banker Realty - Concord

    1 in this area

    6 Total Sales

    Jaclyn O'Neil
    Section Image
  • Tyson Lynch

    Seller's Agent in 2017

    Tyson Lynch

    The Proper Nest Real Estate

    (781) 244-5208

    5 in this area

    75 Total Sales

    Tyson Lynch
    Section Image

  • W

    Buyer's Agent in 2017

    William Mcclory

    Dream Seekers Realty, LLC

    (781) 724-9637

    Section Image
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Map

Massachusetts Essex County Salem 01970 South Salem

245 Lafayette St Unit 2F, Salem, MA

Homes for Sale in Salem, MA

This home is located at 245 Lafayette St Unit 2F, Salem, MA 01970 and is currently estimated at $339,717, approximately $508 per square foot. 245 Lafayette St Unit 2F 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.

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