NOT LISTED FOR SALE

254 Lafayette St Unit 1R Salem, MA 01970

South Salem Neighborhood

Estimated Value: $440,000 - $589,000

2 Beds
1 Bath
1,113 Sq Ft
$425/mo HOA Fee

Last Sold April 12, 2024

Last sale price $540,000 $485 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $3,481/month

4 Days on Market

Highlights

  • Marina
  • Property is near public transit
  • Sun or Florida Room
  • Medical Services
  • Wood Flooring
  • Solid Surface Countertops

About This Home

As of April 2024

Charming sun drenched Queen Anne Victorian boasts coffered ceilings, original mahogany woodwork, stain glassed windows, gas fireplace, Central air conditioning, 2 car deeded parking spaces and in unit washer and dryer enhance this restored Victorian the original home of William H. Gove. The Commuter Train, Salem Ferry and Bus Lines are a short distance away. Welcome to vibrant Salem. Offers due Sunday February 4th. at 6:00pm

Last Agent to Sell the Property

Joshua Molk

John E. Murphy Listed on: 01/31/2024

Co-Listed By

Jeanette Molk

John E. Murphy

Last Buyer's Agent

Thomas Beauregard

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,914

Year Built

  • Built in 1880

Lot Details

  • 0.39

HOA Fees

  • $425 Monthly HOA Fees

Home Design

  • Garden Home
  • Entry on the 1st floor
  • Frame Construction
  • Blown Fiberglass Insulation
  • Shingle Roof

Interior Spaces

  • 1,113 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Wainscoting
  • Stained Glass
  • Bay Window
  • Picture Window
  • French Doors
  • Living Room with Fireplace
  • Sun or Florida Room
  • Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Car Parking Spaces
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 4701403

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal, reserve funds
  • 6 Units

Amenities

  • Medical Services
  • Shops
  • Community Storage Space

Recreation

  • Marina
  • Park

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,914

Year Built

Built in 1880

Lot Details

0

HOA Fees

$425 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden
  • Year Built: 1880
  • Entry Level: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Hardwood, Flooring - Stone/Ceramic Tile
  • Interior Amenities: Sun Room
  • Door Features: French Doors
  • Entry Location: Unit Placement(Street)
  • Fireplace Features: Living Room
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Closet, Flooring - Hardwood
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Closet, Flooring - Hardwood
  • Room Master Bedroom Level: First
  • Bathroom 1 Features: Bathroom - Full
  • Bathroom 1 Level: First
  • Room Dining Room Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box, Window(s) - Stained Glass
  • Room Dining Room Level: First
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid
  • Laundry Features: First Floor
  • Room Living Room Level: First
  • Room Living Room Features: Flooring - Hardwood, Window(s) - Picture, Window(s) - Stained Glass, Wainscoting, Crown Molding
  • Basement: Y
  • Living Area: 1113
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: NB2812
  • MAIN SO: C95098
  • Insulation: Fiberglass

Exterior Features

  • Exterior Features: Porch
  • Construction Materials: Frame
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Assigned
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Central Air
  • Heating: Hot Water, Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Storage
  • Association Fee: 425.43
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, House of Worship, Marina, Public School, T-Station, University
  • Senior Community YN: No
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Reserve Funds

Lot Info

  • Parcel Number: 4701403
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4914.06

Multi Family

  • Number Of Units Total: 6
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2024
Closed on
Mar 20, 2024
Sold by
White Jaclyn E
Bought by
Huang Chihchen
Seller's Agent
Joshua Molk
John E. Murphy
Buyer's Agent
Thomas Beauregard
Keller Williams Realty Evolution
List Price
$489,999
Sold Price
$540,000
Premium/Discount to List
$50,001
10.2%
Views
115
Current Estimated Value
$502,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,432
Avg. Annual Appreciation
-4.29%

Purchase Details

Closed on
Oct 29, 2008
Sold by
Hodges Court Re Llc
Bought by
White Jaclyn E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Buyer Sale Price Title Company
Huang Chihchen $540,000 None Available
Huang Chihchen $540,000 None Available
White Jaclyn E $280,000 --
White Jaclyn E $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner White Jaclyn E $200,000
Previous Owner White Jaclyn E $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2024 04/12/24 Sold $540,000 +10.2% $485 / Sq Ft
02/05/2024 02/05/24 Pending -- -- --
01/31/2024 01/31/24 For Sale $489,999 -- $440 / 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 $4,922 $434,000 $0 $434,000
2024 $4,877 $419,700 $0 $419,700
2023 $4,786 $382,600 $0 $382,600
2022 $4,623 $348,900 $0 $348,900
2021 $4,714 $341,600 $0 $341,600
2020 $4,621 $319,800 $0 $319,800
2019 $4,532 $300,100 $0 $300,100
2018 $4,251 $276,400 $0 $276,400
2017 $4,273 $269,400 $0 $269,400
2016 $4,030 $257,200 $0 $257,200
2015 $4,119 $251,000 $0 $251,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Joshua Molk

    John E. Murphy

    (508) 864-0296

    1 in this area

    27 Total Sales

    Joshua Molk
    Section Image
  • Jeanette Molk

    Seller Co-Listing Agent in 2024

    Jeanette Molk

    John E. Murphy

    (978) 618-2904

    1 in this area

    26 Total Sales

    Jeanette Molk
    Section Image
  • Thomas Beauregard

    Buyer's Agent in 2024

    Thomas Beauregard

    Keller Williams Realty Evolution

    (781) 690-3837

    2 in this area

    33 Total Sales

    Thomas Beauregard
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73198091

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000341-000802-000802

Massachusetts Essex County Salem 01970 South Salem

254 Lafayette St Unit 1R, Salem, MA

Not Listed for Sale

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