NOT LISTED FOR SALE

27 Ocean Ave Unit 1 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $359,000 - $518,000

2 Beds
1 Bath
1,125 Sq Ft
$375/Sq Ft Est. Value

Last Sold December 11, 2018

Last sale price $219,900 $195 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $2,779/month

20 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Porch
  • Property is near public transit
  • 1 Car Detached Garage
  • 5-minute walk to Forest River Park

About This Home

As of December 2018

Thursday 10/11 from 5pm to 6pm..Beautifully maintained 7 rooms 2 bedrooms and 1 full bathroom. Consists of spacious living room with an extra office space, dinning room, and eat-in kitchen, e bedrooms and one full bathroom. Decent size lot with garden and 1 car-garage with additional parking space. Great neighborhood and conveniently close to many of the area's amenities and the Salem State University. Master and insurance and water bills are split equally between 2 unit owners,

Last Listed By

Van Son

Mass Broker Services Listed on: 10/06/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,331

Year Built

  • Built in 1915

Lot Details

  • 4,356 Sq Ft Lot
  • Property is zoned R1

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Open Parking
  • Off-Street Parking
  • Deeded Parking

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,125 Sq Ft Home
  • 2-Story Property
  • Insulated Windows
  • Storm Doors
  • Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Baseboard Heating
  • 100 Amp Service
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number M:33 L:0715 S:801,4671790

Community Details

Overview

  • Association fees include reserve funds

Amenities

  • Medical Services
  • Common Area
  • Shops
  • Coin Laundry

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,331

Year Built

Built in 1915

Lot Details

0

HOA Fees

$100 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Detached
  • Year Built: 1915
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Dual Variable: Yes
  • Entry Level: 1
  • Sub Agent Compensation: 2
  • Sub Agency Type: %
  • Transaction Broker: 2
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: Yes
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Tile, Hardwood
  • Door Features: Storm Door(s)
  • Entry Location: Unit Placement(Street)
  • Fireplace YN: No
  • Appliances: Range,Refrigerator,Washer,Dryer, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Oven
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Master Bathroom Features: No
  • Laundry Features: In Building
  • Living Area: 1125
  • Stories Total: 2
  • Window Features: Insulated Windows
  • MAIN LO: AN0195
  • LIST PRICE PER Sq Ft: 195.47
  • PRICE PER Sq Ft: 195.47
  • MAIN SO: AN0195

Exterior Features

  • Construction Materials: Frame
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage YN: No
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Detached, Deeded, Off Street, Paved
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Oven
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Oil
  • Cooling Y N: Yes
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public, Other

Condo/Co-op/Association

  • Association Fee: 100
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, University
  • UNIT BUILDING: 1
  • MANAGEMENT: No Management
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Reserve Funds

Lot Info

  • Parcel Number: M:33 L:0715 S:801,4671790
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4356
  • Lot Size Units: Acres
  • Property Attached YN: No
  • LOT SIZE: 4286
  • PAGE: 556
  • OUTDOOR SPACE AVAILABLE: Yes - Common

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 3331
  • Tax Book Number: 26641

Multi Family

  • Number Of Units Total: 2
  • NO UNITS OWNER OCC: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2021
Sold by
Cornforth Jane C
Bought by
Jane C Cornforth T
Total Days on Market
20
Current Estimated Value
$421,928

Purchase Details

Listed on
Oct 6, 2018
Closed on
Dec 11, 2018
Sold by
Alexopoulos Tomes
Bought by
Cornforth Jane C
Seller's Agent
Van Son
Mass Broker Services
Buyer's Agent
Van Son
Mass Broker Services
List Price
$219,900
Sold Price
$219,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.62%
Original Mortgage
$118,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2007
Sold by
Alexopoulos Alexandros and Alexopoulos Tomes
Bought by
Alexopoulos Alexandros

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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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
Jane C Cornforth T -- None Available
Cornforth Jane C $219,900 --
Alexopoulos Alexandros -- --
Alexopoulos Tomes -- --
Alexopoulos Tomes -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cornforth Jane C $160,000
Previous Owner Cornforth Jane C $118,000
Previous Owner Alexopoulos Tomes $92,500
Previous Owner Alexopoulos Tomes $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2018 12/11/18 Sold $219,900 0.0% $195 / Sq Ft
10/26/2018 10/26/18 Pending -- -- --
10/06/2018 10/06/18 For Sale $219,900 -- $195 / 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 $3,798 $334,900 $0 $334,900
2024 $3,713 $319,500 $0 $319,500
2023 $3,617 $289,100 $0 $289,100
2022 $3,511 $265,000 $0 $265,000
2021 $3,461 $250,800 $0 $250,800
2020 $3,420 $236,700 $0 $236,700
2019 $3,585 $237,400 $0 $237,400
2018 $3,331 $216,600 $0 $216,600
2017 $3,267 $206,000 $0 $206,000
2016 $3,095 $197,500 $0 $197,500
2015 $3,100 $188,900 $0 $188,900
Source: Public Records

Agents Affiliated with this Home

  • Van Son

    Seller's Agent in 2018

    Van Son

    Mass Broker Services

    (781) 558-3411

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72406855

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000715-000801-000801

Massachusetts Essex County Salem 01970 South Salem

27 Ocean Ave Unit 1, Salem, MA

Homes for Sale in Salem, MA

This home is located at 27 Ocean Ave Unit 1, Salem, MA 01970 since 06 October 2018 and is currently estimated at $421,928, approximately $375 per square foot. This property was built in 1915. 27 Ocean Ave Unit 1 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Horace Mann Laboratory.

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