S
Seller's Agent in 2020
Stephen Hines
Lantern Residential
304 Essex St Unit 5 Salem, MA 01970
Downtown Salem NeighborhoodEstimated Value: $373,000 - $541,000
1
Bed
2
Baths
726
Sq Ft
2,178
Sq Ft Lot
Highlights
- Wood Flooring
- Forced Air Heating and Cooling System
- 5-minute walk to Piperpont Park
About This Home
As of July 2020304 Essex Street #5 is a spectacular example of loft-style living in the heart of historic Downtown Salem. Exposed brick and duct work, floor to ceiling cabinetry, and enormous windows over looking The Witch House. The first level of living space features an open-concept kitchen and living room with powder room, while the master bedroom and master bathroom encompass the upper level. The lofts at 304 Essex offer the best of urban life in Salem. Incredibly close to the commuter rail station, chic restaurants, boutiques, and the Salem waterfront. Just out the front door a YMCA gym, several cafes, and the Peabody Essex Museum provide culture, entertainment, and access to amenities usually found in much larger cities. Downtown Salem has become a formidable housing destination for those whom appreciate urban life coupled with quaint, New England vibes. Come and see why Salem has become Massachusetts ideal spot for first-time home buyers and downsizers alike.
Last Agent to Sell the Property
Stephen Hines
Lantern Residential License #449595339 Listed on: 05/19/2020
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,263
Year Built
- Built in 1800
Lot Details
- 2,178
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Tile
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Individual Controls for Heating
- Water Holding Tank
- Natural Gas Water Heater
Additional Features
- Basement
Community Details
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 19, 2020
Closed on
Jul 13, 2020
Sold by
Lucerto Michael
Bought by
Schneider Elyssa
Seller's Agent
Stephen Hines
Lantern Residential
Buyer's Agent
Shereen Berlin
Coldwell Banker Realty - Wellesley
List Price
$315,000
Sold Price
$332,000
Premium/Discount to List
$17,000
5.4%
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
$102,869
Avg. Annual Appreciation
3.07%
Original Mortgage
$15,000
Outstanding Balance
$10,920
Interest Rate
2.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$377,073
Purchase Details
Listed on
May 31, 2019
Closed on
Jul 3, 2019
Sold by
Melin David M
Bought by
Lucerto Michael
Seller's Agent
Gary Blattberg
RE/MAX Beacon
Buyer's Agent
Stephen Hines
Lantern Residential
List Price
$285,000
Sold Price
$290,000
Premium/Discount to List
$5,000
1.75%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.89%
Original Mortgage
$233,000
Interest Rate
4%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 19, 2006
Sold by
Holloran Dev Llc
Bought by
Melin David M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,920
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Schneider Elyssa | $331,000 | None Available | |
| Lucerto Michael | $290,000 | -- | |
| Melin David M | $219,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Schneider Elyssa | $15,000 | |
| Open | Schneider Elyssa | $291,000 | |
| Previous Owner | Lucerto Michael | $60,000 | |
| Previous Owner | Lucerto Michael | $233,000 | |
| Previous Owner | Melin David M | $202,500 | |
| Previous Owner | Melin David M | $175,920 | |
| Previous Owner | Melin David M | $32,985 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2020 07/21/20 | Sold | $332,000 | +5.4% | $457 / Sq Ft |
| 05/24/2020 05/24/20 | Pending | -- | -- | -- |
| 05/19/2020 05/19/20 | For Sale | $315,000 | +8.6% | $434 / Sq Ft |
| 07/09/2019 07/09/19 | Sold | $290,000 | +1.8% | $399 / Sq Ft |
| 06/04/2019 06/04/19 | Pending | -- | -- | -- |
| 05/31/2019 05/31/19 | For Sale | $285,000 | -- | $393 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $4,263 | $375,900 | $0 | $375,900 |
| 2024 | $4,238 | $364,700 | $0 | $364,700 |
| 2023 | $3,968 | $317,200 | $0 | $317,200 |
| 2022 | $3,890 | $293,600 | $0 | $293,600 |
| 2021 | $3,686 | $267,100 | $0 | $267,100 |
| 2020 | $3,299 | $228,300 | $0 | $228,300 |
| 2019 | $3,206 | $212,300 | $0 | $212,300 |
| 2018 | $3,027 | $196,800 | $0 | $196,800 |
| 2017 | $2,942 | $185,500 | $0 | $185,500 |
| 2016 | $2,857 | $182,300 | $0 | $182,300 |
| 2015 | $2,698 | $164,400 | $0 | $164,400 |
Source: Public Records
Agents Affiliated with this Home
-
-
Gui Moreira
G
Seller Co-Listing Agent in 2020
Gui Moreira
Coldwell Banker Realty - Boston
(781) 290-9162
29 Total Sales
-
Shereen Berlin
Buyer's Agent in 2020
Shereen Berlin
Coldwell Banker Realty - Wellesley
(617) 799-8150
39 Total Sales
-
Gary Blattberg
Seller's Agent in 2019
Gary Blattberg
RE/MAX
(978) 882-4469
2 in this area
128 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72658681
APN: SALE-000026-000000-000443-000805-000805
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.
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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