245 Lafayette St Unit 2F Salem, MA 01970
South Salem Neighborhood
1
Bed
1
Bath
668
Sq Ft
$201/mo
HOA Fee
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 2021Conveniently 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.
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
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
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
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Similar Homes in Salem, MA
Home Values in the Area
Average Home Value in this Area
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
APN: SALE-000033-000000-000464-000814-000814
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