$365,000
SOLD JUL 9, 2021
2 Beds
1 Bath
781 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$467 Per Sq Ft

8% Above List Price

6 Days on Market

Highlights

  • Wood Flooring
  • ENERGY STAR Qualified Dryer
  • Laundry Facilities
  • Forced Air Heating and Cooling System

About This Home

As of July 2021

Do not miss this beautiful 2BR 1BA condo with an open floor plan in an incredible location. Walk in to your large living room with lots of natural light, open to your tastefully done kitchen with wood cabinets, stainless steel appliances, nice pendant lighting and plenty of storage. Walk down the hall to two bedrooms and the bathroom. The master bedroom is large with an exposed brick wall, ceiling fan and plenty of closet space. The second bedroom also has nice hardwood flooring. Enjoy two car parking, extra storage and laundry in building. Area amenities include restaurants, shops, beaches, parks, museums, hotels, commuter rail, Salem State University and Salem Hospital.

Last Agent to Sell the Property

Kevin Farrar

Atlantic Coast Homes,Inc Listed on: 06/01/2021

Co-Listed By

Kevin Farrar

Atlantic Coast Homes,Inc

Last Buyer's Agent

Kevin Farrar

Atlantic Coast Homes,Inc Listed on: 06/01/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,264

Year Built

  • Built in 1870

Kitchen

  • Oven
  • Microwave
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher
  • ENERGY STAR Range

Flooring

  • Wood
  • Tile

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Natural Gas Water Heater

Additional Features

  • ENERGY STAR Qualified Dryer
  • Year Round Access
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:33 L:0229 S:801

Community Details

Amenities

  • Laundry Facilities

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,264

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: 2/3 Family
  • Other Agent: 1.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 434.06
  • Comp Based On: Net Sale Price
  • Year Built: 1870
  • Lead Paint: Unknown
  • Year Round: Yes
  • Unit Building: 1
  • Unit Level: 1
  • Unit Placement: Front, Lower Level
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1870

Interior Features

  • Flooring: Wood, Tile
  • Appliances: Microwave, Refrigerator - ENERGY STAR, Dryer - ENERGY STAR, Dishwasher - ENERGY STAR, Range - ENERGY STAR, Oven - ENERGY STAR
  • No Bedrooms: 2
  • Master Bedroom: On Level: First Floor, Ceiling Fan(s), Closet, Flooring - Hardwood, Cable Hookup
  • Bedroom 2: On Level: First Floor, Closet, Flooring - Hardwood
  • Full Bathrooms: 1
  • Bathroom 1: On Level: First Floor, Bathroom - Full, Flooring - Stone/Ceramic Tile
  • No Rooms: 4
  • Kitchen: On Level: First Floor, Open Floor Plan, Stainless Steel Appliances, Lighting - Pendant
  • Laundry Features: In Building
  • Living Room: On Level: First Floor, Ceiling Fan(s), Flooring - Hardwood, Open Floor Plan
  • Basement: Y
  • No Living Levels: 3
  • Main Lo: AC1991
  • Main So: AC1991
  • Estimated Sq Ft: 781.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1/2 to 1 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Aluminum
  • Insulation Feature: Full

Garage/Parking

  • Parking Feature: Off-Street, Paved Driveway
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Gas Oven

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, House of Worship, Marina, Private School, Public School, T-Station, University

Association/Amenities

  • Condominium Name: The 25 Cabot St Condominium

Lot Info

  • Assessments: 231900.00
  • Acre: 0.07
  • Lot Size: 2997.00
  • Page: 547
  • Parcel Number: M:33 L:0229 S:801
  • Zoning: R2

Green Features

  • Energy Features: Insulated Windows, Storm Windows, Insulated Doors, Attic Vent Elec.

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 3200.00
  • Assessor Parcel Number: 2134781
  • Tax Year: 2021

Multi Family

  • No Units: 2
  • No Units Owner Occ: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2021
Closed on
Jul 9, 2021
Sold by
Decandia Brian and Decandia Caitlin
Bought by
Downey Timothy R
Seller's Agent
Kevin Farrar
Atlantic Coast Homes,Inc
Buyer's Agent
Kevin Farrar
Atlantic Coast Homes,Inc
List Price
$339,000
Sold Price
$365,000
Premium/Discount to List
$26,000
7.67%
Current Estimated Value
$426,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,926
Avg. Annual Appreciation
3.32%
Original Mortgage
$346,750
Outstanding Balance
$318,012
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$99,078

Purchase Details

Listed on
Sep 19, 2014
Closed on
Dec 4, 2014
Sold by
Potamis Joshua and Dagata-Potamis Wendy
Bought by
Decandia Brian
Seller's Agent
amy copeland potamis
Coldwell Banker Realty - Lynnfield
Buyer's Agent
Jarrod Marchesi
RE/MAX Andrew Realty Services
List Price
$210,000
Sold Price
$208,000
Premium/Discount to List
-$2,000
-0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.89%
Original Mortgage
$197,600
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 26, 2011
Closed on
Apr 11, 2012
Sold by
Essex County Holdings
Bought by
Potamis Joshua
Seller's Agent
Mike Solimine
Solimine Real Estate
Buyer's Agent
amy copeland potamis
Coldwell Banker Realty - Lynnfield
List Price
$199,900
Sold Price
$177,000
Premium/Discount to List
-$22,900
-11.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%

Purchase Details

Closed on
Feb 7, 2011
Sold by
Wells Fargo Bk
Bought by
Essex County Holdings and Edgett

Purchase Details

Closed on
Dec 30, 2010
Sold by
Tsinijinni Alphonso
Bought by
Wells Fargo Bk

Purchase Details

Closed on
Dec 27, 2004
Sold by
Silva Arcelinda M and Silva Manuel S
Bought by
Tsinijinni Alphonso

Purchase Details

Closed on
May 25, 2004
Sold by
Silva Arcelinda M and Silva Manuel S J
Bought by
Silva Manuel S J

Purchase Details

Closed on
Nov 29, 2000
Sold by
Gallagher Irene
Bought by
Silva Manuel S

Purchase Details

Closed on
Dec 1, 1993
Sold by
Degrandpre J Est
Bought by
Gallagher Irene
Source: Public Records

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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
Not Resolvable $365,000 None Available
Not Resolvable $208,000 --
Not Resolvable $177,000 --
Deed $180,000 --
Deed $180,000 --
Foreclosure Deed $212,000 --
Foreclosure Deed $212,000 --
Deed $421,000 --
Deed $421,000 --
Deed -- --
Deed -- --
Deed $235,000 --
Deed $235,000 --
Deed $134,000 --
Deed $134,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $346,750 Purchase Money Mortgage
Closed $346,750 Purchase Money Mortgage
Previous Owner $35,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $188,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $197,600 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2021 07/09/21 Sold $365,000 +7.7% $467 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $339,000 0.0% $434 / Sq Ft
04/17/2020 04/17/20 Rented $2,200 0.0% --
03/03/2020 03/03/20 For Rent $2,200 0.0% --
12/04/2014 12/04/14 Sold $208,000 0.0% $266 / Sq Ft
10/31/2014 10/31/14 Pending -- -- --
10/20/2014 10/20/14 Off Market $208,000 -- --
10/07/2014 10/07/14 Price Changed $204,750 -2.5% $262 / Sq Ft
09/19/2014 09/19/14 For Sale $210,000 +18.6% $269 / Sq Ft
04/11/2012 04/11/12 Sold $177,000 -10.6% $227 / Sq Ft
01/16/2012 01/16/12 Pending -- -- --
12/05/2011 12/05/11 Price Changed $198,000 -0.9% $254 / Sq Ft
11/08/2011 11/08/11 Price Changed $199,800 -0.1% $256 / Sq Ft
09/26/2011 09/26/11 For Sale $199,900 -- $256 / 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 $4,264 $376,000 $0 $376,000
2024 $4,170 $358,900 $0 $358,900
2023 $3,899 $311,700 $0 $311,700
2022 $3,309 $249,700 $0 $249,700
2021 $3,200 $231,900 $0 $231,900
2020 $3,143 $217,500 $0 $217,500
2019 $2,991 $198,100 $0 $198,100
2018 $2,784 $181,000 $0 $181,000
2017 $2,734 $172,400 $0 $172,400
2016 $2,587 $165,100 $0 $165,100
2015 $2,589 $157,800 $0 $157,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72840315

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000229-000801-000801