$267,000
SOLD MAY 20, 2021

245 Lafayette St Unit 2F Salem, MA 01970

South Salem Neighborhood
1 Bed
1 Bath
668 Sq Ft
$201/mo HOA Fee

Recently Sold

$400 Per Sq Ft

17% Above List Price

7 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Main Floor Primary Bedroom
  • 0.55 Acre Lot
  • Wood Flooring
  • Elevator

About This Home

As of May 2021

Conveniently located and well-maintained condo just minutes to both Salem State and downtown Salem! Enjoy all that downtown has to offer from this bright and airy one bedroom one bathroom unit. Enjoy a morning cup of coffee on the private balcony that overlooks the deeded off-street parking space that accompanies this unit. This professionally managed building is pet-friendly and offers an elevator for accessibility as well as private locked storage. Why rent when you can own this cozy condo in the heart of Salem? No showings before first open house. Open SATURDAY 3/27 12:30-2:30 and SUNDAY 11-1. One group at a time in unit. Masks required and all COVID protocol to be followed. Offers, if any, will be due Tuesday 3/30 at NOON. Seller requests 24 hours to respond.

Last Agent to Sell the Property

Henry Pizzo

Aluxety

Co-Listed By

Jaclyn O'Neil

Coldwell Banker Realty - Concord

Last Buyer's Agent

Shari McGuirk

Sagan Harborside Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,691

Year Built

  • Built in 1971

HOA Fees

  • $201 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 668 Sq Ft Home
  • 1-Story Property
  • Sliding Doors
  • Laundry in Basement

Kitchen

  • Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • 1 Full Bathroom
  • Pedestal Sink

Parking

  • 1 Car Parking Space
  • Off-Street Parking
  • Deeded Parking

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Collins Middle School
  • SHS High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System

Additional Features

  • Balcony
  • Two or More Common Walls

Listing and Financial Details

  • Assessor Parcel Number M:33 L:0464 S:814,4330900

Community Details

Overview

  • Association fees include sewer, insurance, security, maintenance structure, road maintenance, ground maintenance, snow removal, trash
  • 24 Units
  • Mid-Rise Condominium
  • The Continental Community

Amenities

  • Medical Services
  • Shops
  • Laundry Facilities
  • Elevator

Recreation

  • Park

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,691

Year Built

Built in 1971

Lot Details

0

HOA Fees

$201 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 1971
  • Buyer Agency: 2
  • Entry Level: 2
  • Transaction Broker: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood, Tile, Laminate
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Refrigerator
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Walk-In Closet(s), Flooring - Laminate
  • Room Master Bedroom Level: First
  • Bathroom 1 Features: Bathroom - Full, Pedestal Sink
  • Bathroom 1 Level: First
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Stone/Ceramic Tile
  • Laundry Features: In Basement, Common Area, In Building
  • Room Living Room Level: First
  • Room Living Room Features: Flooring - Hardwood, Balcony - Exterior, Slider
  • Basement: N
  • Living Area: 668
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: AN1532
  • LIST PRICE PER Sq Ft: 342.81
  • PRICE PER Sq Ft: 399.7
  • MAIN SO: AN4471

Exterior Features

  • Exterior Features: Balcony
  • Common Walls: 2+ Common Walls
  • Construction Materials: Brick
  • Home Warranty YN: No
  • Waterfront Features: Beach Front
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Deeded
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: No
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Hot Water, Laundry, Elevator(s)
  • Association Fee: 201
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, House of Worship, University
  • Senior Community YN: No
  • UNIT BUILDING: 2F
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Sewer, Insurance, Security, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash

Lot Info

  • Parcel Number: M:33 L:0464 S:814,4330900
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.55
  • Lot Size Area: 0.55
  • Lot Size Sq Ft: 24002
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 264
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2691
  • Tax Book Number: 35946

Multi Family

  • Number Of Units Total: 24

MLS Schools

  • High School: Shs
  • Middle Or Junior School: Collins

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
Total Days on Market
7
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

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Salem, MA

  • 6R Hazel Terrace Unit 8, Salem, MA 01970

    $299,900

    • 1 Bed
    • 1 Bath
    • 559 Sq Ft
    • 6R Hazel Terrace
    • Unit 8
    • Salem, MA

    This sun-splashed 1-bedroom condo in a well-maintained Brick building is located in the heart of Salem! Featuring modern conveniences while retaining charming period details! Features include an eat-in kitchen with Granite countertop, gas stove, microwave and dishwasher, a tiled bathroom, high ceilings and hardwood flooring throughout!. With oversized replacement windows for ample natural light

    Mark Vadala Vadala Real Estate

    Section Image
  • 44 Pingree St Unit 3, Salem, MA 01970

    $259,000

    • 1 Bed
    • 1 Bath
    • 609 Sq Ft
    • 44 Pingree St
    • Unit 3
    • Salem, MA

    Lowest Priced 1 Bedroom in Salem is freshly painted and move in ready! Spacious living room and eat-in kitchen with one bedroom and 1 bathroom, this condo features hardwood floors and large windows bringing in lots of natural light! 1-car garage and 1 additional parking in front of garage. Low condo fee and convenient in building storage and laundry. Recent upgrades include kitchen counter

    Kim Douglas Coldwell Banker Realty - Boston

    Section Image
  • 18 Ropes St Unit 1L, Salem, MA 01970

    $330,000

    • 2 Beds
    • 1 Bath
    • 742 Sq Ft
    • 18 Ropes St
    • Unit 1L
    • Salem, MA

    Welcome to this inviting 2-bedroom, 1-bathroom condo ideally situated in the heart of downtown Salem! Just a mile from Salem State University, this home offers the perfect blend of comfort and convenience. A spacious bedroom is bathed in natural light from the large windows and features beautiful hardwood floors that flow seamlessly into the dining area. The kitchen is well-appointed with sleek

    Cristina Coppola Lamacchia Realty, Inc.

    Section Image

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
Condominium Deed -- None Available
Not Resolvable $267,000 None Available
Not Resolvable $199,000 --
Deed $131,500 --
Deed $161,000 --
Deed $157,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $161,707 Adjustable Rate Mortgage/ARM
Previous Owner $167,000 Purchase Money Mortgage
Previous Owner $189,050 New Conventional
Previous Owner $4,853 No Value Available
Previous Owner $101,255 Purchase Money Mortgage
Previous Owner $26,300 No Value Available
Previous Owner $128,800 Purchase Money Mortgage
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
Source: MLS Property Information Network (MLS PIN)

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

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72803195

MLS Property Information Network (MLS PIN)

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