NOT LISTED FOR SALE

262 Lafayette St Unit 1 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $642,000 - $674,968

2 Beds
3 Baths
1,763 Sq Ft
1900 Built

Last Sold April 09, 2020

Last sale price $470,000 $267 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,212/month

7 Days on Market

About This Home

As of April 2020

Commuter'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.

Last Agent to Sell the Property

Jeremy McElwain

Keller Williams Realty Evolution Listed on: 02/25/2020

Keller Williams Realty Evolution

Last Buyer's Agent

William Raye

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,763

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: 2/3 Family
  • Other Agent: 2.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 243.90
  • Comp Based On: Net Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Unit Building: 1
  • Unit Level: 1
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1900

Interior Features

  • Fireplaces: 3
  • No Bedrooms: 2
  • Full Bathrooms: 3
  • No Rooms: 5
  • Basement: Y
  • No Living Levels: 1
  • Main Lo: C95098
  • Main So: M59500
  • Estimated Sq Ft: 1763.00

Exterior Features

  • Beachfront Flag: Yes
  • Beach Miles To: 0 to 1/10 Mile
  • Exterior: Wood

Garage/Parking

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

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Central Air
  • Heating: Forced Air, Gas

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails
  • HOA Fees: 332.40
  • Association Fee Includes: Water, Sewer, Master Insurance, Snow Removal
  • Condo Association: Yes

Lot Info

  • Assessments: 455400.00
  • Page: 78
  • Parcel Number: M:33 L:0374 S:801
  • Zoning: 999

Tax Info

  • Taxes: 6581.00
  • Assessor Parcel Number: 2134961

Multi Family

  • No Units: 3
  • No Units Owner Occ: 3

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%
Current Estimated Value
$660,492

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,492
Avg. Annual Appreciation
6.11%
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
Source: Public Records

Range of Values:

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Average Value
Not Available
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
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

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 $6,763 $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

    59 Total Sales

    Jeremy McElwain
    Section Image
  • 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

    William Raye
    Section Image
  • Kate Richard

    Seller's Agent in 2016

    Kate Richard

    J. Barrett & Company

    (978) 252-0322

    5 in this area

    71 Total Sales

    Kate Richard
    Section Image
  • Ted Richard

    Seller's Agent in 2015

    Ted Richard

    J. Barrett & Company

    (978) 921-1117

    4 in this area

    64 Total Sales

    Ted Richard
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72623804

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000374-000801-000801

Massachusetts Essex County Salem 01970 South Salem

262 Lafayette St Unit 1, Salem, MA

This home is located at 262 Lafayette St Unit 1, Salem, MA 01970 since 25 February 2020 and is currently estimated at $660,492, approximately $374 per square foot. This property was built in 1900. 262 Lafayette St Unit 1 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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.

MLS Property Information Network (MLS PIN) 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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