NOT LISTED FOR SALE

262 Lafayette St Unit 2 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $550,000 - $777,000

2 Beds
2 Baths
1,502 Sq Ft
1900 Built

Last Sold April 30, 2021

Last sale price $525,000 $350 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,016/month

6 Days on Market

About This Home

As of April 2021

Surrounded by windows & bathed in light, this stunning two bed condo will exceed your expectations. From the grand 1864 architecture, to the wonderful location-close to the water & town- this home has it all. Oversized chef's kitchen welcomes you w/ granite counters, upgraded appliances & plethora of both counter & cabinet space. The open floor plan is expansive, airy & allows for graceful flow into the dining/living rooms, accentuated by soaring ceilings, dramatic windows & period detail. Guest bath & laundry conveniently located off kitchen. 2 well-proportioned bedrooms, 2nd bathroom & bonus workspace complete this floor. Accessory room in the finished/heated basement, perfect for home gym/media room/office. Common patio & "secret garden" surrounded by mature perennials. Central A/C, newer roof, updated HVAC & water heater. 2 parking spaces. 30 min to Boston via Rail/Ferry. Walk to downtown, beaches & Salem State.  OH Sat. 2/20 11:30-1 & Sunday 11-12 ***OFFERS DUE Monday 2/22 by 2pm

Last Agent to Sell the Property

Jeremy McElwain

Keller Williams Realty Evolution Listed on: 02/16/2021

Keller Williams Realty Evolution

Last Buyer's Agent

Donna Lambert

Churchill Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,649

Year Built

  • Built in 1900

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Additional Features

  • Basement

Community Details

  • Pets Allowed

Listing and Financial Details

  • Assessor Parcel Number M:33 L:0374 S:802

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,649

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: 289.61
  • Comp Based On: Net Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Unit Building: 2
  • Unit Level: 2
  • Unit Placement: Upper
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1900

Interior Features

  • No Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • No Rooms: 5
  • Basement: Y
  • No Living Levels: 1
  • Main Lo: C95098
  • Main So: AN4851
  • Estimated Sq Ft: 1502.00

Exterior Features

  • Beachfront Flag: Yes
  • Beach Miles To: 3/10 to 1/2 Mile
  • Exterior: Wood
  • Exterior Unit Features: Porch, Deck - Wood

Garage/Parking

  • Parking Feature: Paved Driveway
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Central Air
  • Heating: Central Heat, Heat Pump

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails
  • HOA Fees: 218.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Snow Removal
  • Condo Association: Yes

Lot Info

  • Assessments: 418600.00
  • Page: 122
  • Parcel Number: M:33 L:0374 S:802
  • Zoning: 999

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Taxes: 6049.00
  • Assessor Parcel Number: 2134962
  • Tax Year: 2020

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2021
Closed on
Apr 30, 2021
Sold by
Dacey Katherine O and Hojnacki Thomas W
Bought by
Kolsky Justine
Seller's Agent
Jeremy McElwain
Keller Williams Realty Evolution
Buyer's Agent
Donna Lambert
Churchill Properties
List Price
$435,000
Sold Price
$525,000
Premium/Discount to List
$90,000
20.69%
Current Estimated Value
$649,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,848
Avg. Annual Appreciation
4.72%
Original Mortgage
$498,750
Outstanding Balance
$456,122
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$186,325

Purchase Details

Listed on
Jun 9, 2016
Closed on
Aug 3, 2016
Sold by
Keegan Kevan and Keegan Cindy
Bought by
Hojnacki Thomas W
Seller's Agent
Merry Fox Team
MerryFox Realty
Buyer's Agent
Jan Pellegrini
Keller Williams Realty Evolution
List Price
$395,000
Sold Price
$391,000
Premium/Discount to List
-$4,000
-1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.40%
Original Mortgage
$351,900
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2003
Sold by
Polansky Barnard and Shafer Deborah J
Bought by
Keegan Kevan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,620
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 1987
Sold by
Langford Paul A
Bought by
Polansky Barnard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
10.97%
Mortgage Type
Purchase Money Mortgage
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
Kolsky Justine $525,000 None Available
Hojnacki Thomas W $391,000 --
Keegan Kevan $323,620 --
Polansky Barnard $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kolsky Justine $498,750
Previous Owner Dacey Katherine O $305,800
Previous Owner Hojnacki Thomas W $351,900
Previous Owner Polansky Barnard $323,620
Previous Owner Polansky Barnard $139,150
Previous Owner Polansky Barnard $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $525,000 +20.7% $350 / Sq Ft
02/22/2021 02/22/21 Pending -- -- --
02/16/2021 02/16/21 For Sale $435,000 +11.3% $290 / Sq Ft
08/02/2016 08/02/16 Sold $391,000 -1.0% $260 / Sq Ft
06/26/2016 06/26/16 Pending -- -- --
06/09/2016 06/09/16 For Sale $395,000 -- $263 / 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 $6,649 $586,300 $0 $586,300
2024 $6,670 $574,000 $0 $574,000
2023 $6,424 $513,500 $0 $513,500
2022 $6,241 $471,000 $0 $471,000
2021 $5,699 $413,000 $0 $413,000
2020 $6,049 $418,600 $0 $418,600
2019 $5,854 $387,700 $0 $387,700
2018 $5,429 $353,000 $0 $353,000
2017 $5,323 $335,600 $0 $335,600
2016 $5,036 $321,400 $0 $321,400
2015 $5,176 $315,400 $0 $315,400
Source: Public Records

Agents Affiliated with this Home

  • Jeremy McElwain

    Seller's Agent in 2021

    Jeremy McElwain

    Keller Williams Realty Evolution

    (617) 413-6519

    3 in this area

    59 Total Sales

    Jeremy McElwain
    Section Image
  • Donna Lambert

    Buyer's Agent in 2021

    Donna Lambert

    Churchill Properties

    (978) 360-0088

    2 in this area

    41 Total Sales

    Donna Lambert
    Section Image

  • M

    Seller's Agent in 2016

    Merry Fox Team

    MerryFox Realty

    22 in this area

    268 Total Sales

    Merry Fox Team
    Section Image
  • Jan Pellegrini

    Buyer's Agent in 2016

    Jan Pellegrini

    Keller Williams Realty Evolution

    (978) 810-0916

    66 Total Sales

    Jan Pellegrini
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72786374

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000374-000802-000802

Massachusetts Essex County Salem 01970 South Salem

262 Lafayette St Unit 2, Salem, MA

This home is located at 262 Lafayette St Unit 2, Salem, MA 01970 since 16 February 2021 and is currently estimated at $649,848, approximately $432 per square foot. This property was built in 1900. 262 Lafayette St Unit 2 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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