NOT LISTED FOR SALE

245 Lafayette St Unit 3H Salem, MA 01970

South Salem Neighborhood

Estimated Value: $374,000 - $462,000

2 Beds
1 Bath
1,000 Sq Ft
$410/Sq Ft Est. Value

Last Sold December 17, 2015

Last sale price $195,000 $195 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $2,490/month

About This Home

As of August 2016

This sunny Penthouse unit at 245 Lafayette Street has been freshly renovated and features hardwood floors, crown molding, granite kitchen with new stainless steel appliances, new bath, designer lights,private veranda, elevator and 2 deeded parking spaces. Walk to transportation, Salem State University, museums, shopping and night life. No smoking, no pets.

Last Agent to Rent the Property

Merry Fox Team

MerryFox Realty Listed on: 08/01/2016

Last Renter's Agent

Merry Fox Team

MerryFox Realty Listed on: 08/01/2016

Property Details

Home Type

Other

Est. Annual Taxes

$3,986

Year Built

1971

Lot Details

0

Rental Info

  • Insurance Required: Yes
  • Last Month Req: Yes
  • Lead Paint: Unknown
  • References Req: Yes
  • Rental Terms: Lease
  • Rent Includes: Water, Refuse Removal, Snow Removal, Extra Storage
  • Term Of Rental: 12
  • Unit In Building: 3H
  • Unit Level: 1
  • Date Available: 08/01/2016

Listing Details

  • Property Class: Rental
  • Special Features: None
  • Year Built: 1971

Interior Features

  • Appliances: Range, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Number of Rooms: 5

Exterior Features

  • Exterior Features: Deck - Composite

Garage/Parking

  • Parking Spaces: 2

Condo/Co-op/Association

  • Condo Association: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2017
Sold by
Merry Betsy
Bought by
Merrymakers Rt
Current Estimated Value
$409,840

Purchase Details

Listed on
Dec 28, 2015
Closed on
Dec 17, 2015
Sold by
Young Raymond L
Bought by
Merry Betsy
Seller's Agent
Merry Fox Team
MerryFox Realty
Buyer's Agent
Merry Fox Team
MerryFox Realty
Sold Price
$1,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.73%
Original Mortgage
$146,250
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2010
Sold by
Georgakakis Nikos
Bought by
Young Raymond L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 3, 2003
Sold by
Lafayette Llc
Bought by
Georgakakis Nikos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,500
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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

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
Merrymakers Rt -- --
Merry Betsy $195,000 --
Young Raymond L $160,000 --
Georgakakis Nikos $200,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Merry Betsy $146,250
Previous Owner Georgakakis Nikos $120,000
Previous Owner Georgakakis Nikos $135,600
Previous Owner Georgakakis Nikos $150,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/15/2016 08/15/16 Rented $1,750 0.0% --
08/01/2016 08/01/16 For Rent $1,750 0.0% --
01/19/2016 01/19/16 Rented $1,750 +6.1% --
01/03/2016 01/03/16 Price Changed $1,650 -5.7% $2 / Sq Ft
12/28/2015 12/28/15 For Rent $1,750 0.0% --
12/17/2015 12/17/15 Sold $195,000 -2.5% $222 / Sq Ft View Prior Sale
11/12/2015 11/12/15 Pending -- -- --
11/09/2015 11/09/15 Price Changed $199,900 -7.0% $227 / Sq Ft
10/08/2015 10/08/15 For Sale $214,900 -- $244 / 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 $3,986 $351,500 $0 $351,500
2024 $3,960 $340,800 $0 $340,800
2023 $3,843 $307,200 $0 $307,200
2022 $3,477 $262,400 $0 $262,400
2021 $3,373 $244,400 $0 $244,400
2020 $3,386 $234,300 $0 $234,300
2019 $3,256 $215,600 $0 $215,600
2018 $2,830 $184,000 $0 $184,000
2017 $2,712 $171,000 $0 $171,000
2016 $2,311 $147,500 $0 $147,500
2015 $2,327 $141,800 $0 $141,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Landlord's Agent in 2016

    Merry Fox Team

    MerryFox Realty

    20 in this area

    264 Total Sales

    Merry Fox Team
    Section Image
  • Terryanne St. Pierre

    Seller's Agent in 2015

    Terryanne St. Pierre

    MerryFox Realty

    (978) 580-9396

    3 in this area

    25 Total Sales

    Terryanne St. Pierre
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72046519

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000464-000824-000824

Massachusetts Essex County Salem 01970 South Salem

245 Lafayette St Unit 3H, Salem, MA

Not Listed for Sale

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.

Nearby Homes