NOT LISTED FOR SALE

245 Lafayette St Unit 2F Salem, MA 01970

South Salem Neighborhood

Estimated Value: $330,000 - $392,000

1 Bed
1 Bath
668 Sq Ft
0.55 Acres

Last Sold May 20, 2021

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

Est. 36% increase in value since last sale

Current estimated payment $2,187/month

Highlights

  • Property is near public transit
  • Main Floor Primary Bedroom
  • Jogging Path
  • Wood Flooring
  • No HOA
  • Balcony

About This Home

As of December 2023

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.

Last Agent to Rent the Property

Shari McGuirk

Sagan Harborside Sotheby's International Realty Listed on: 10/17/2023

Last Renter's Agent

Alyssa Leonardo

Desired Homes Realty LLC

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,263

Year Built

  • Built in 1971

Lot Details

  • 0.55

Parking

  • 1 Car Parking Space

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 668 Sq Ft Home
  • French Doors
  • Laundry in Basement

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • Balcony
  • Cooling Available

Listing and Financial Details

  • Security Deposit $2,000
  • Property Available on 11/15/23
  • Rent includes water, extra storage, furnishings (see remarks), air conditioning, laundry facilities, parking
  • 12 Month Lease Term
  • Assessor Parcel Number 4346010

Community Details

Overview

  • No Home Owners Association

Amenities

  • Shops
  • Laundry Facilities

Recreation

  • Park
  • Jogging Path

Pet Policy

  • No Pets Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$3,263

Year Built

Built in 1971

Lot Details

0

Rental Info

  • Pets Allowed: No
  • Available Date: 2023-11-15
  • Lease Term: Term of Rental(12)
  • Available Now: No
  • Deposit Required: Yes
  • FIRST MON REQD: Yes
  • INSURANCE REQD: No
  • LAST MON REQD: Yes
  • REFERENCES REQD: Yes
  • SEC DEPOSIT: 2000

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Year Built: 1971
  • Entry Level: 2
  • Year Built Details: Approximate
  • Year Round: Yes
  • CoOp Comp: 1,000
  • ResoPropertyType: ResidentialLease
  • Special Features: None

Interior Features

  • Fireplace YN: No
  • Appliances: Range,Oven,Dishwasher,Microwave,Refrigerator,Freezer,Washer,Dryer
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Closet, Flooring - Hardwood
  • Room Master Bedroom Level: First
  • Master Bathroom Features: No
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Tub & Shower
  • Bathroom 1 Level: First
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Laminate, Countertops - Paper Based
  • Laundry Features: In Basement, In Building
  • Room Living Room Level: First
  • Room Living Room Features: Flooring - Hardwood, Balcony / Deck, French Doors
  • Living Area: 668
  • Spa YN: No
  • MAIN LO: AN4471
  • MAIN SO: AN8052

Exterior Features

  • Exterior Features: Balcony
  • Home Warranty YN: No
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Total Parking Spaces: 1

Utilities

  • Cooling Y N: Yes

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, University
  • Rent Includes: Water, Extra Storage, Furnishings (See Remarks), Air Conditioning, Laundry Facilities, Parking
  • Senior Community YN: No

Lot Info

  • Parcel Number: 4346010
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • ResoLotSizeUnits: Acres

Multi Family

  • Basement Included Sq Ft: No

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
$363,725

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
$152,072
Interest Rate
3.13%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$211,653

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
7.03%
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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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 View Prior Sale
04/25/2017 04/25/17 Pending -- -- --
04/17/2017 04/17/17 For Sale $199,900 -- $299 / 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 $3,263 $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

    Landlord's Agent in 2023

    Shari McGuirk

    Sagan Harborside Sotheby's International Realty

    (781) 589-7720

    2 in this area

    69 Total Sales

    Shari McGuirk
    Section Image

  • A

    Tenant'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

    3 in this area

    142 Total Sales

    Henry Pizzo
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    Jaclyn O'Neil

    Coldwell Banker Realty - Concord

    (978) 692-2121

    1 in this area

    7 Total Sales

    Jaclyn O'Neil
    Section Image
  • Tyson Lynch

    Seller's Agent in 2017

    Tyson Lynch

    The Proper Nest Real Estate

    (781) 244-5208

    6 in this area

    58 Total Sales

    Tyson Lynch
    Section Image

  • W

    Buyer's Agent in 2017

    William Mcclory

    Dream Seekers Realty, LLC

    (781) 724-9637

    11 Total Sales

    William Mcclory
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73171175

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000464-000814-000814

Massachusetts Essex County Salem 01970 South Salem

245 Lafayette St Unit 2F, Salem, MA

Not Listed for Sale

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