262 Lafayette St Unit 1 Salem, MA 01970
South Salem NeighborhoodEstimated Value: $649,836 - $687,000
2
Beds
3
Baths
1,763
Sq Ft
1900
Built
About This Home
As of April 2020Commuter's dream! 30 min to Boston via Rail or Ferry. Walk to downtown restaurants & sites. Soaring ceilings, dramatic detail & oversized rooms bathed in light, this home will exceed your expectations. An expansive chef's kitchen welcomes you w/ rich cherry flooring, honed granite counters, upgraded appliances, huge island, wood stove & wine fridge. Bath & laundry room conveniently off kitchen. Adjacent to kitchen, stunning dining room with lovely paneling, crown molding & decorative fireplace. Living room w/ fireplace off dining room. HDWD floors throughout. Beautifully appointed master w/ fireplace, massive leaded glass window & custom carved bench. Second bedroom with harbor views & plenty of closet space. Second bath has double sinks, jet tub & separate shower. Covered porches, front & back with “secret garden†patio surrounded by mature perennials. Direct access to HUGE private basement with full bath. Central A/C, New heat/hot water systems & roof. OH 12-1p Sat & Sun 2/29 & 3/1.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,763
Year Built
- Built in 1900
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number M:33 L:0374 S:801
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 25, 2020
Closed on
Mar 31, 2020
Sold by
Armsden Mary and Armsden William L
Bought by
Kouyoumjian Derek L and Kouyoumjian Sarita A
Seller's Agent
Jeremy McElwain
Keller Williams Realty Evolution
Buyer's Agent
William Raye
William Raveis R.E. & Home Services
List Price
$430,000
Sold Price
$470,000
Premium/Discount to List
$40,000
9.3%
Total Days on Market
7
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,459
Avg. Annual Appreciation
6.29%
Original Mortgage
$446,500
Interest Rate
3.4%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 15, 2016
Closed on
Sep 23, 2016
Sold by
Werthman Michael D and Mccrea-Bounty Emma
Bought by
Armsden William L
Seller's Agent
Kate Richard
J. Barrett & Company
Buyer's Agent
Jeremy McElwain
Keller Williams Realty Evolution
List Price
$395,000
Sold Price
$390,000
Premium/Discount to List
-$5,000
-1.27%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.40%
Original Mortgage
$312,000
Interest Rate
3.45%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 9, 2014
Closed on
Mar 2, 2015
Sold by
Lawrence Michael D and Lawrence Una M
Bought by
Bounty Emma M
Seller's Agent
Ted Richard
J. Barrett & Company
Buyer's Agent
Kate Richard
J. Barrett & Company
List Price
$364,900
Sold Price
$364,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.36%
Original Mortgage
$346,650
Interest Rate
3.66%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 23, 2009
Sold by
Lawrence Michael D
Bought by
Lawrence Michael D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,400
Interest Rate
4.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 30, 2008
Sold by
Waldinger James W and Perrone-Walding Siobhan M
Bought by
Lawrence Michael D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,920
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 23, 2003
Sold by
Piepgras Colin and Piepgras Leah
Bought by
Waldinger Siobhan Perrone
Purchase Details
Closed on
Sep 15, 1999
Sold by
Roberts Gail A and Roberts Brian H
Bought by
Piepgras Colin
Purchase Details
Closed on
Sep 1, 1992
Sold by
Santry Stephen W
Bought by
Fhlmc
Purchase Details
Closed on
Dec 16, 1987
Sold by
Paul A Langford
Bought by
Santry Stephen W
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Similar Homes in Salem, MA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kouyoumjian Derek L | $470,000 | None Available | |
| Armsden William L | $390,000 | -- | |
| Bounty Emma M | $364,900 | -- | |
| Lawrence Michael D | -- | -- | |
| Lawrence Michael D | $359,900 | -- | |
| Waldinger Siobhan Perrone | $330,000 | -- | |
| Piepgras Colin | $235,000 | -- | |
| Fhlmc | $194,177 | -- | |
| Santry Stephen W | $230,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kouyoumjian Derek L | $440,000 | |
| Closed | Kouyoumjian Derek L | $446,500 | |
| Previous Owner | Armsden William L | $312,000 | |
| Previous Owner | Bounty Emma M | $346,650 | |
| Previous Owner | Santry Stephen W | $326,400 | |
| Previous Owner | Santry Stephen W | $287,920 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/09/2020 04/09/20 | Sold | $470,000 | +9.3% | $267 / Sq Ft |
| 03/03/2020 03/03/20 | Pending | -- | -- | -- |
| 02/25/2020 02/25/20 | For Sale | $430,000 | +10.3% | $244 / Sq Ft |
| 09/23/2016 09/23/16 | Sold | $390,000 | -1.0% | $221 / Sq Ft |
| 08/11/2016 08/11/16 | Pending | -- | -- | -- |
| 08/06/2016 08/06/16 | Price Changed | $394,000 | -0.3% | $223 / Sq Ft |
| 06/28/2016 06/28/16 | For Sale | $395,000 | 0.0% | $224 / Sq Ft |
| 06/22/2016 06/22/16 | Pending | -- | -- | -- |
| 06/15/2016 06/15/16 | For Sale | $395,000 | +8.2% | $224 / Sq Ft |
| 03/02/2015 03/02/15 | Sold | $364,900 | 0.0% | $207 / Sq Ft |
| 01/20/2015 01/20/15 | Pending | -- | -- | -- |
| 01/04/2015 01/04/15 | Off Market | $364,900 | -- | -- |
| 09/09/2014 09/09/14 | For Sale | $364,900 | -- | $207 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $6,763 | $596,400 | $0 | $596,400 |
| 2024 | $6,568 | $565,200 | $0 | $565,200 |
| 2023 | $6,314 | $504,700 | $0 | $504,700 |
| 2022 | $6,132 | $462,800 | $0 | $462,800 |
| 2021 | $6,196 | $449,000 | $0 | $449,000 |
| 2020 | $6,581 | $455,400 | $0 | $455,400 |
| 2019 | $6,771 | $448,400 | $0 | $448,400 |
| 2018 | $6,170 | $401,200 | $0 | $401,200 |
| 2017 | $6,055 | $381,800 | $0 | $381,800 |
| 2016 | $5,729 | $365,600 | $0 | $365,600 |
| 2015 | $5,606 | $341,600 | $0 | $341,600 |
Source: Public Records
Agents Affiliated with this Home
-
Jeremy McElwain
Seller's Agent in 2020
Jeremy McElwain
Keller Williams Realty Evolution
(617) 413-6519
3 in this area
60 Total Sales
-
William Raye
Buyer's Agent in 2020
William Raye
William Raveis R.E. & Home Services
(617) 953-7959
4 in this area
21 Total Sales
-
Kate Richard
Seller's Agent in 2016
Kate Richard
J. Barrett & Company
(978) 252-0322
4 in this area
71 Total Sales
-
Ted Richard
Seller's Agent in 2015
Ted Richard
J. Barrett & Company
(978) 921-1117
4 in this area
64 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72623804
APN: SALE-000033-000000-000374-000801-000801
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.
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.
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