262 Lafayette St Unit 1 Salem, MA 01970
South Salem Neighborhood
2
Beds
3
Baths
1,763
Sq Ft
1900
Built
About This Home
As of April 2020This gracious 2 bedroom 3 full bath first floor condo has it all! Nearly 1800 SF containing 3 lovely carved mantles, wainscoting, custom builtins, hardwood, high ceilings, laundry room and more.The large updated kitchen features a center island, wine refrigerator, stainless appliances and granite countertops which flow into the exquiset dining room. Perfect for entertaining! The master bedroom has a fireplace and builtins and lovely window seat which is just steps to the bath which contains a large shower, double sink and jetted tub. It also has exclusive expansive heated basement space with full bath that the last owner used as his office, workout room and workshop! Exclusive outdoor space and shared garden area and a pet friendly building make this a unit that checks all of your wants and needs list. Conveniently located near Salem's vibrant sea-side downtown & Salem State University. Association has $20,000 + in reserves!
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
57
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
6.98%
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
Map
Property Details
Home Type
Condominium
Est. Annual Taxes
$6,763
Year Built
1900
Lot Details
0
Listing Details
- Unit Level: 1
- Unit Placement: Street, End, Corner
- Property Type: Condominium/Co-Op
- Other Agent: 1.00
- Lead Paint: Unknown
- Year Round: Yes
- Special Features: None
- Property Sub Type: Condos
- Year Built: 1900
Interior Features
- Appliances: Wall Oven, Dishwasher, Disposal, Microwave, Countertop Range, Refrigerator - Wine Storage
- Fireplaces: 3
- Has Basement: Yes
- Fireplaces: 3
- Number of Rooms: 5
- Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Bike Path, House of Worship, Private School, Public School, T-Station, University
- Electric: Circuit Breakers
- Flooring: Tile, Hardwood
- Insulation: Fiberglass - Batts
- Interior Amenities: Cable Available, Wetbar
- Bedroom 2: First Floor
- Bathroom #1: First Floor
- Bathroom #2: First Floor
- Bathroom #3: Basement
- Kitchen: First Floor
- Laundry Room: First Floor
- Living Room: First Floor
- Master Bedroom: First Floor
- Master Bedroom Description: Fireplace, Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting
- Dining Room: First Floor
- No Living Levels: 2
Exterior Features
- Roof: Asphalt/Fiberglass Shingles
- Construction: Frame
- Exterior: Wood
- Exterior Unit Features: Porch, Patio, Garden Area
- Beach Ownership: Public
- Waterview Flag: Yes
Garage/Parking
- Parking: Off-Street, Tandem
- Parking Spaces: 2
Utilities
- Cooling: Central Air
- Heating: Forced Air, Oil
- Utility Connections: for Gas Range
- Sewer: City/Town Sewer
- Water: City/Town Water
- Sewage District: SESD
Condo/Co-op/Association
- Condominium Name: Bates House Condominium
- Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping, Snow Removal
- Association Security: Intercom
- Management: Owner Association
- Pets Allowed: Yes
- No Units: 3
- Unit Building: 1
Fee Information
- Fee Interval: Monthly
Lot Info
- Assessor Parcel Number: M:33 L:0374 S:801
- Zoning: R1
Multi Family
- Waterview: Ocean
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Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $470,000 | None Available | |
| Not Resolvable | $390,000 | -- | |
| Not Resolvable | $364,900 | -- | |
| Deed | -- | -- | |
| Deed | $359,900 | -- | |
| Deed | $330,000 | -- | |
| Deed | $235,000 | -- | |
| Foreclosure Deed | $194,177 | -- | |
| Deed | $230,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $440,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $446,500 | New Conventional | |
| Previous Owner | $312,000 | New Conventional | |
| Previous Owner | $346,650 | New Conventional | |
| Previous Owner | $326,400 | Purchase Money Mortgage | |
| Previous Owner | $287,920 | Purchase Money Mortgage |
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
| 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
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72023479
APN: SALE-000033-000000-000374-000801-000801
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