NOT LISTED FOR SALE

260 Lafayette St Unit 1 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $582,000 - $762,000

3 Beds
2 Baths
1,978 Sq Ft
$540/mo HOA Fee

Last Sold September 14, 2023

Last sale price $625,000 $316 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,635/month

3 Days on Market

Highlights

  • Marina
  • Medical Services
  • Wood Flooring
  • Golf Course Community
  • Property is near public transit
  • Tennis Courts

About This Home

As of September 2023

This stunning property seamlessly blends the charm of history with modern amenities all while offering convenient access to Salem's rich cultural heritage, shops, restaurants, beaches and University. As you step into Unit 1, you'll immediately be captivated by the unique character and timeless appeal that emanates throughout. The historical elements, such as original fire place, intricate woodwork and elegant crown molding, pay homage to the area's rich past, creating a warm and inviting ambiance. The oversized living room is complimented by a connected wet bar and a dining room with ornate original windows making it perfect for entertaining. A large eat-in kitchen is a chef's dream with loads of storage and counter space. The primary bedroom is a tranquil retreat with a newly appointed en-suite bath, walk-in closet and reading nook. Rounding out this unit are two additional bedrooms, another full bath, in-unit laundry, central AC and 2 parking spots. Move right in and call Salem home!

Last Agent to Sell the Property

Melissa Weinand

The Proper Nest Real Estate Listed on: 07/20/2023

Last Buyer's Agent

Carla Husak

Coldwell Banker Realty - Lynnfield

Coldwell Banker Realty - Lynnfield

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,833

Year Built

  • Built in 1851 | Remodeled

HOA Fees

  • $540 Monthly HOA Fees

Home Design

  • Garden Home
  • Entry on the 1st floor
  • Shingle Roof

Interior Spaces

  • 1,978 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Beamed Ceilings
  • Recessed Lighting
  • Living Room with Fireplace
  • Dining Area
  • Basement
  • Exterior Basement Entry

Kitchen

  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

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

Outdoor Features

  • Patio
  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Forced Air Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number M:33 L:0339 S:811,2134917

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal, trash
  • 16 Units

Amenities

  • Medical Services
  • Common Area
  • Shops

Recreation

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,833

Year Built

Built in 1851 | Remodeled

Lot Details

0

HOA Fees

$540 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden
  • Year Built: 1851
  • Entry Level: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile, Hardwood
  • Interior Amenities: Wet Bar
  • Entry Location: Unit Placement(Ground)
  • Fireplace Features: Living Room
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Dishwasher,Disposal,Microwave,Refrigerator,Freezer,Washer,Dryer
  • Total Bedrooms: 3
  • Room Bedroom2 Level: Main,First
  • Room Bedroom2 Features: Flooring - Hardwood
  • Room Bedroom3 Features: Flooring - Hardwood
  • Room Bedroom3 Level: Main,First
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Main Level Bathrooms: 2
  • Room Master Bedroom Features: Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood
  • Room Master Bedroom Level: Main,First
  • Master Bathroom Features: Yes
  • Bathroom 1 Features: Bathroom - Tiled With Tub & Shower
  • Bathroom 1 Level: Main,First
  • Bathroom 2 Level: Main,First
  • Bathroom 2 Features: Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Remodeled
  • Room Dining Room Features: Flooring - Hardwood
  • Room Dining Room Level: Main,First
  • Room Kitchen Level: Main,First
  • Room Kitchen Features: Dining Area, Cabinets - Upgraded, Recessed Lighting
  • Laundry Features: First Floor, In Unit
  • Room Living Room Level: Main,First
  • Room Living Room Features: Beamed Ceilings, Flooring - Hardwood, Wet Bar, Exterior Access
  • Basement: Y
  • Living Area: 1978
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: AN6899
  • MAIN SO: C95243

Exterior Features

  • Exterior Features: Porch, Patio, Rain Gutters
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Patio
  • Roof: Shingle
  • Waterfront Features: Beach Front, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Fee: 540
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Tennis Court(s), Walk/Jog Trails, Golf, Medical Facility, Bike Path, 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, Trash

Lot Info

  • Parcel Number: M:33 L:0339 S:811,2134917
  • Zoning: R
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5833

Multi Family

  • Number Of Units Total: 16
  • Basement Included Sq Ft: No

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2012
Sold by
Barton James and Barton Jay M
Bought by
Palermo Jay M
Current Estimated Value
$674,838

Purchase Details

Closed on
Sep 10, 2009
Sold by
Benson Gayle S
Bought by
Barton James

Purchase Details

Closed on
Jul 2, 2004
Sold by
Dw Rt and Weisberg
Bought by
Benson Gayle S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.3%

Purchase Details

Closed on
Jul 16, 1996
Sold by
Daugherty Betty A
Bought by
Colby Mary M
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
Palermo Jay M -- --
Barton James $313,500 --
Benson Gayle S $129,000 --
Colby Mary M $71,280 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Colby Mary M $25,000
Previous Owner Colby Mary M $75,000
Previous Owner Colby Mary M $103,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/14/2023 09/14/23 Sold $625,000 +13.8% $316 / Sq Ft
07/24/2023 07/24/23 Pending -- -- --
07/20/2023 07/20/23 For Sale $549,000 +48.4% $278 / Sq Ft
10/10/2017 10/10/17 Sold $370,000 +1.4% $199 / Sq Ft View Prior Sale
09/08/2017 09/08/17 Pending -- -- --
09/05/2017 09/05/17 For Sale $364,900 -- $197 / 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 $6,672 $588,400 $0 $588,400
2024 $6,392 $550,100 $0 $550,100
2023 $5,833 $466,300 $0 $466,300
2022 $5,569 $420,300 $0 $420,300
2021 $5,443 $394,400 $0 $394,400
2020 $5,452 $377,300 $0 $377,300
2019 $5,330 $353,000 $0 $353,000
2018 $5,198 $338,000 $0 $338,000
2017 $5,229 $329,700 $0 $329,700
2016 $5,166 $329,700 $0 $329,700
2015 $5,046 $307,500 $0 $307,500
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Melissa Weinand

    The Proper Nest Real Estate

    (781) 254-8669

    9 in this area

    237 Total Sales

    Melissa Weinand
    Section Image
  • Carla Husak

    Buyer's Agent in 2023

    Carla Husak

    Coldwell Banker Realty - Lynnfield

    (617) 901-3101

    1 in this area

    29 Total Sales

    Carla Husak
    Section Image
  • Dana Bull

    Seller's Agent in 2017

    Dana Bull

    Compass

    (978) 501-6971

    2 in this area

    8 Total Sales

    Dana Bull
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73138803

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000339-000811-000811

Massachusetts Essex County Salem 01970 South Salem

260 Lafayette St Unit 1, Salem, MA

Not Listed for Sale

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