$435,000
SOLD JUN 1, 2022

254 Lafayette St Unit 2F Salem, MA 01970

South Salem Neighborhood
2 Beds
1 Bath
1,241 Sq Ft
0.39 Acres

Recently Sold

$351 Per Sq Ft

9% Above List Price

4 Days on Market

Highlights

  • Marina
  • Medical Services
  • 0.39 Acre Lot
  • Golf Course Community
  • Waterfront
  • Property is near public transit

About This Home

As of May 2023

This beautiful 2 bedroom Victorian is conveniently located near the commuter rail, ferries, shopping, dining, beaches, and all that Salem has to offer! The sunny open floor plan has hardwood floors and a cozy gas fireplace. The spacious eat-in kitchen boasts granite countertops, stainless steel appliances, and a breakfast bar. Two spacious bedrooms with ample closet space, including one inside turret! The roomy shared bath features marble counters and a stained glass window. With in-unit laundry, two deeded parking spots, pet friendly HOA, and basement storage, there is nothing left to do but move in!

Last Agent to Sell the Property

Kristen Barsanti

Chinatti Realty Group, Inc. Listed on: 04/21/2022

Last Buyer's Agent

Brian Reardon

Five Mark Realty Group LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,753

Year Built

  • Built in 1880

Lot Details

  • Waterfront
  • Near Conservation Area

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,241 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Wood Flooring
  • Intercom
  • Basement

Kitchen

  • Oven
  • Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Car Parking Spaces
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • 100 Amp Service

Listing and Financial Details

  • Assessor Parcel Number M:33 L:0341 S:803,4694577

Community Details

Overview

  • 6 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,753

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Other (See Remarks)
  • Year Built: 1880
  • Buyer Agency: 2
  • Dual Variable: Yes
  • Entry Level: 2
  • Transaction Broker: 0
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Hardwood
  • Entry Location: Unit Placement(Upper)
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Range, Oven, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Master Bathroom Features: No
  • Laundry Features: In Unit
  • Basement: Y
  • Living Area: 1241
  • Other Equipment: Intercom
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: NB3534
  • LIST PRICE PER Sq Ft: 321.51
  • PRICE PER Sq Ft: 350.52
  • MAIN SO: AN6890

Exterior Features

  • Construction Materials: Frame
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: Yes
  • Electric: 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 367.42
  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • Senior Community YN: No
  • UNIT BUILDING: 2F

Fee Information

  • Association Fee Includes: N/A

Lot Info

  • Parcel Number: M:33 L:0341 S:803,4694577
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.39
  • Lot Size Area: 0.39
  • Lot Size Sq Ft: 17180
  • Lot Size Units: Acres
  • PAGE: 272
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4753
  • Tax Book Number: 39214

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2023
Closed on
May 5, 2023
Sold by
Femino Nicole
Bought by
Olivier Richard and Olivier Donna
Seller's Agent
Krissy Ventura
RE/MAX Bentley's
Buyer's Agent
Michelle Mineo
Coldwell Banker Realty - Beverly
List Price
$460,000
Sold Price
$470,000
Premium/Discount to List
$10,000
2.17%
Views
90
Current Estimated Value
$516,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,974
Avg. Annual Appreciation
4.54%
Original Mortgage
$446,500
Outstanding Balance
$435,097
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$85,876

Purchase Details

Closed on
Dec 11, 2015
Sold by
Balentine John M
Bought by
John M Balentine T

Purchase Details

Listed on
Mar 10, 2014
Closed on
Jun 20, 2014
Sold by
Dupell Janet
Bought by
Balentine John M
Seller's Agent
Jill Jorgenson
Coldwell Banker Realty - Lynnfield
Buyer's Agent
Matthew Hanson
StartPoint Realty
List Price
$279,900
Sold Price
$270,000
Premium/Discount to List
-$9,900
-3.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.04%
Original Mortgage
$243,000
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 29, 2011
Closed on
May 4, 2012
Sold by
Smarsh Bonnie J and Hungler Joseph C
Bought by
Dupell Janet
Seller's Agent
Paul Herrick
Herrick Lutts Realty Partners
Buyer's Agent
Jill Jorgenson
Coldwell Banker Realty - Lynnfield
List Price
$269,900
Sold Price
$253,000
Premium/Discount to List
-$16,900
-6.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.10%
Original Mortgage
$202,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2009
Sold by
Hodges Court Re Llc
Bought by
Smarsh Bonnie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,600
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage
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
Condominium Deed $470,000 None Available
Deed -- --
Deed $270,000 --
Deed $253,000 --
Deed $257,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $446,500 Purchase Money Mortgage
Previous Owner $348,000 Purchase Money Mortgage
Previous Owner $330,000 New Conventional
Previous Owner $212,250 Unknown
Previous Owner $243,000 New Conventional
Previous Owner $202,000 New Conventional
Previous Owner $205,600 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2023 05/08/23 Sold $470,000 +2.2% $379 / Sq Ft
03/19/2023 03/19/23 Pending -- -- --
03/15/2023 03/15/23 For Sale $460,000 +5.7% $371 / Sq Ft
06/01/2022 06/01/22 Sold $435,000 +9.0% $351 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $399,000 0.0% $322 / Sq Ft
06/04/2021 06/04/21 Rented $2,500 0.0% --
06/01/2021 06/01/21 Under Contract -- -- --
05/23/2021 05/23/21 For Rent $2,500 0.0% --
11/23/2020 11/23/20 Sold $370,000 0.0% $298 / Sq Ft
10/05/2020 10/05/20 Pending -- -- --
10/01/2020 10/01/20 Price Changed $369,900 0.0% $298 / Sq Ft
09/16/2020 09/16/20 For Sale $370,000 +37.0% $298 / Sq Ft
06/20/2014 06/20/14 Sold $270,000 0.0% $218 / Sq Ft
05/31/2014 05/31/14 Pending -- -- --
05/13/2014 05/13/14 Off Market $270,000 -- --
04/10/2014 04/10/14 For Sale $279,900 +3.7% $226 / Sq Ft
03/25/2014 03/25/14 Off Market $270,000 -- --
03/19/2014 03/19/14 Price Changed $279,900 -1.8% $226 / Sq Ft
03/10/2014 03/10/14 For Sale $284,900 +12.6% $230 / Sq Ft
05/04/2012 05/04/12 Sold $253,000 -2.7% $204 / Sq Ft
04/05/2012 04/05/12 Pending -- -- --
03/21/2012 03/21/12 Price Changed $259,950 -1.9% $209 / Sq Ft
02/23/2012 02/23/12 Price Changed $264,900 -1.9% $213 / Sq Ft
12/29/2011 12/29/11 For Sale $269,900 -- $217 / 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 $5,115 $451,100 $0 $451,100
2024 $5,073 $436,600 $0 $436,600
2023 $4,943 $395,100 $0 $395,100
2022 $4,753 $358,700 $0 $358,700
2021 $4,847 $351,200 $0 $351,200
2020 $4,745 $328,400 $0 $328,400
2019 $4,648 $307,800 $0 $307,800
2018 $4,217 $274,200 $0 $274,200
2017 $4,239 $267,300 $0 $267,300
2016 $3,997 $255,100 $0 $255,100
2015 $4,086 $249,000 $0 $249,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72969879

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000341-000803-000803