$390,000
SOLD SEP 23, 2016

262 Lafayette St Unit 1 Salem, MA 01970

South Salem Neighborhood
2 Beds
3 Baths
1,763 Sq Ft
1900 Built

Recently Sold

$221 Per Sq Ft

1% Below List Price

57 Days on Market

About This Home

As of April 2020

This 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!

Last Agent to Sell the Property

Kate Richard

J. Barrett & Company Listed on: 06/15/2016

Last Buyer's Agent

Jeremy McElwain

Keller Williams Realty Evolution

Keller Williams Realty Evolution

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

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

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Range of Values:

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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
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 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

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72023479

MLS Property Information Network (MLS PIN)

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