$199,000
SOLD JUN 16, 2017

245 Lafayette St Unit 2F Salem, MA 01970

South Salem Neighborhood
1 Bed
1 Bath
668 Sq Ft
0.55 Acres

Recently Sold

$298 Per Sq Ft

8 Days on Market

About This Home

As of May 2021

Conveniently located one bedroom condo in well run Salem building. This pet friendly unit features, gleaming hardwood floors, an abundance of light, exclusive outdoor space, and off street parking. The well run association is ideal for owner occupant or investor alike. Conveniently located between downtown Salem and Salem State University. Showings begin at open houses on Wednesday April 19 5:30pm to 7pm and Saturday April 22 12pm to 2pm. Any offers will be reviewed on Sunday April 23 at 6PM. Please allow 48hrs for a response. Sale subject to seller finding suitable housing.

Last Agent to Sell the Property

Tyson Lynch

The Proper Nest Real Estate Listed on: 04/17/2017

Last Buyer's Agent

William Mcclory

Dream Seekers Realty, LLC

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,263

Year Built

1971

Lot Details

0

Listing Details

  • Unit Level: 2
  • Unit Placement: Upper, Middle
  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Mid-Rise
  • Year Built Description: Actual
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1971

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 4
  • Electric: Circuit Breakers, 100 Amps
  • Flooring: Hardwood
  • Bathroom #1: First Floor
  • Kitchen: First Floor
  • Laundry Room: Basement
  • Living Room: First Floor, 12X16
  • Master Bedroom: First Floor, 12X13
  • Master Bedroom Description: Closet
  • Dining Room: First Floor, 13X9
  • No Bedrooms: 1
  • Full Bathrooms: 1
  • No Living Levels: 3
  • Main Lo: C95243
  • Main So: C95263

Exterior Features

  • Exterior: Brick
  • Exterior Unit Features: Deck - Wood

Garage/Parking

  • Parking: Off-Street, Deeded
  • Parking Spaces: 1

Utilities

  • Hot Water: Natural Gas
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Condominium Name: Continental Condominiums
  • Association Fee Includes: Water, Sewer, Master Insurance, Security, Laundry Facilities, Exterior Maintenance, Landscaping, Snow Removal, Extra Storage
  • Association Security: Intercom
  • Management: Professional - Off Site
  • Pets Allowed: Yes
  • No Units: 24
  • Unit Building: 2F

Fee Information

  • Fee Interval: Monthly

Lot Info

  • Assessor Parcel Number: M:33 L:0464 S:814
  • Zoning: R3
  • Acre: 0.55
  • Lot Size: 24000.00

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
$362,534

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
$152,368
Interest Rate
3.13%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$196,902

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
6.38%
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:

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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 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 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

    2 in this area

    72 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

    3 in this area

    151 Total Sales

    Henry Pizzo
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    Jaclyn O'Neil

    Coldwell Banker Realty - Concord

    1 in this area

    5 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

    66 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: 72146452

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

This home is located at 245 Lafayette St Unit 2F, Salem, MA 01970 and is currently priced at $199,000, approximately $297 per square foot. This property was built in 1971. 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.

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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