NOT LISTED FOR SALE

323 Lafayette St Unit 5 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $421,000 - $517,000

2 Beds
1.5 Baths
1,279 Sq Ft
$349/mo HOA Fee

Last Sold July 14, 2023

Last sale price $420,000 $328 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,269/month

15 Days on Market

Highlights

  • Marina
  • Medical Services
  • Open Floorplan
  • Golf Course Community
  • No Units Above
  • 5-minute walk to Forest River Park

About This Home

As of July 2023

The address may say Lafayette St but come and step inside to experience the calm and quiet atmosphere of this condo for yourself. Unit 5 is located in the rear building, away from the hustle and bustle but still enjoys the benefit of being centrally located near the new and improved Forest River Park, SSU and just moments from vibrant downtown Salem and Commuter Rail. This penthouse unit is bright with an open floor plan & skylights throughout. Spacious living/dining room with cathedral ceilings and a fireplace. Kitchen was updated not long ago and includes stainless steel appliances, butcher block wood countertops and leads to a newly remodeled half bath. Two spacious bedrooms and a large full bath plus a little corner nook ideal for an office or play area. Bedrooms and hallway were just updated with new Oak hardwood flooring. Plenty of storage in the oversized closets & in the basement. Large, common area yard, 2 car parking & pet friendly!

Last Agent to Sell the Property

Sarah Myles-Lennox

MerryFox Realty Listed on: 06/01/2023

Last Buyer's Agent

Shannon Sisk

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,987

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • No Units Above
  • Garden

HOA Fees

  • $349 Monthly HOA Fees

Home Design

  • Garden Home
  • Entry on the 3rd floor
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,279 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Light Fixtures
  • Living Room with Fireplace
  • Basement
  • Laundry in Basement

Kitchen

  • Dishwasher
  • Upgraded Countertops

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • Bathtub with Shower

Parking

  • 2 Car Parking Spaces
  • Paved Parking
  • Open Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Walking Distance to Water
  • Patio

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Choice Elementary School
  • Collins Middle School
  • SHS High School

Utilities

  • Window Unit Cooling System
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number M:32 L:0229 S:805,2134325

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, road maintenance, ground maintenance, snow removal, reserve funds
  • 7 Units
  • Lafayette Street Condominiums Community

Amenities

  • Medical Services
  • Community Garden
  • Common Area
  • Shops
  • Coin Laundry
  • Community Storage Space

Recreation

  • Marina
  • Golf Course Community
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,987

Year Built

Built in 1920 | Remodeled

Lot Details

0

HOA Fees

$349 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden
  • Year Built: 1920
  • Entry Level: 3
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Laminate, Hardwood
  • Fireplace Features: Living Room
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Dishwasher,Refrigerator, Electric Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven
  • Total Bedrooms: 2
  • Room Bedroom2 Level: Second
  • Room Bedroom2 Features: Skylight, Closet, Flooring - Hardwood
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Room Master Bedroom Features: Skylight, Closet, Flooring - Hardwood
  • Room Master Bedroom Level: Second
  • Master Bathroom Features: No
  • Bathroom 1 Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Skylight, Recessed Lighting
  • Bathroom 1 Level: Second
  • Bathroom 2 Level: Second
  • Bathroom 2 Features: Bathroom - Half, Remodeled
  • Room Dining Room Features: Skylight, Open Floorplan
  • Room Dining Room Level: Second
  • Room Kitchen Level: Second
  • Room Kitchen Features: Skylight, Flooring - Vinyl, Countertops - Upgraded, Lighting - Overhead
  • Laundry Features: In Basement, In Building
  • Room Living Room Level: Second
  • Room Living Room Features: Skylight, Cathedral Ceiling(s), Ceiling Fan(s), Open Floorplan, Lighting - Overhead
  • Basement: Y
  • Accessibility Features: No
  • Living Area: 1279
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: C95279
  • MAIN SO: AN2383

Exterior Features

  • Exterior Features: Garden
  • Common Walls: No One Above
  • Construction Materials: Frame
  • Home Warranty YN: No
  • Patio And Porch Features: Patio
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, Ocean, Walk to, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Assigned, Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven
  • Cooling: Window Unit(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Laundry, Storage, Garden Area
  • Association Fee: 348.71
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, House of Worship, Marina, Private School, Public School, T-Station, University
  • Senior Community YN: No
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Reserve Funds

Lot Info

  • Parcel Number: M:32 L:0229 S:805,2134325
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3987

Multi Family

  • Number Of Units Total: 7
  • Basement Included Sq Ft: No

MLS Schools

  • High School: Shs
  • Elementary School: Choice
  • Middle Or Junior School: Collins

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Jul 14, 2023
Sold by
Ericsson Vera P
Bought by
Carlson Julia
Seller's Agent
Sarah Myles-Lennox
MerryFox Realty
Buyer's Agent
Shannon Sisk
Compass
List Price
$419,000
Sold Price
$420,000
Premium/Discount to List
$1,000
0.24%
Views
248
Current Estimated Value
$482,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,643
Avg. Annual Appreciation
6.07%
Original Mortgage
$372,000
Outstanding Balance
$363,126
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$119,517

Purchase Details

Listed on
Sep 12, 2019
Closed on
Oct 24, 2019
Sold by
Spaziano Christine and Stanley Anne M
Bought by
Ericsson Vera P
Seller's Agent
Sarah Myles-Lennox
MerryFox Realty
Buyer's Agent
Samnang Tith Hutton
Redfin Corp.
List Price
$269,900
Sold Price
$272,000
Premium/Discount to List
$2,100
0.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.39%
Original Mortgage
$258,400
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2005
Sold by
Rogers Ingrid and Abrams Thomas
Bought by
Mcmillan Timea and Thompson Edward E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2003
Sold by
Labonte Patricia C
Bought by
Abrams Thomas and Rogers Ingrid J

Purchase Details

Closed on
Mar 13, 2001
Sold by
Cabot Jennifer R
Bought by
Labonte Patricia C

Purchase Details

Closed on
Dec 29, 1989
Sold by
Sherman Scott
Bought by
K A M Rt
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Carlson Julia $420,000 None Available
Ericsson Vera P $272,000 --
Mcmillan Timea $245,000 --
Abrams Thomas $195,000 --
Labonte Patricia C $127,000 --
K A M Rt $115,000 --
K A M Rt $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carlson Julia $372,000
Previous Owner Ericsson Vera P $258,400
Previous Owner K A M Rt $96,000
Previous Owner K A M Rt $220,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/14/2023 07/14/23 Sold $420,000 +0.2% $328 / Sq Ft
06/17/2023 06/17/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $419,000 +54.0% $328 / Sq Ft
10/24/2019 10/24/19 Sold $272,000 +0.8% $213 / Sq Ft View Prior Sale
09/17/2019 09/17/19 Pending -- -- --
09/12/2019 09/12/19 For Sale $269,900 +28.5% $211 / Sq Ft
10/28/2016 10/28/16 Sold $210,000 +2.4% $183 / Sq Ft View Prior Sale
08/17/2016 08/17/16 Pending -- -- --
08/08/2016 08/08/16 For Sale $205,000 +70.8% $178 / Sq Ft
07/18/2012 07/18/12 Sold $120,000 +0.1% $104 / Sq Ft View Prior Sale
04/21/2012 04/21/12 Pending -- -- --
04/13/2012 04/13/12 Price Changed $119,900 -2.4% $104 / Sq Ft
03/30/2012 03/30/12 Price Changed $122,900 -1.6% $107 / Sq Ft
03/26/2012 03/26/12 Price Changed $124,900 -3.8% $109 / Sq Ft
03/16/2012 03/16/12 Price Changed $129,900 -7.1% $113 / Sq Ft
02/27/2012 02/27/12 For Sale $139,900 +16.6% $122 / Sq Ft
02/16/2012 02/16/12 Off Market $120,000 -- --
11/15/2011 11/15/11 Price Changed $139,900 -3.5% $122 / Sq Ft
08/30/2011 08/30/11 For Sale $144,900 -- $126 / 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 $4,550 $401,200 $0 $401,200
2024 $3,921 $337,400 $0 $337,400
2023 $3,987 $318,700 $0 $318,700
2022 $3,846 $290,300 $0 $290,300
2021 $3,643 $264,000 $0 $264,000
2020 $3,578 $247,600 $0 $247,600
2019 $3,447 $228,300 $0 $228,300
2018 $3,210 $208,700 $0 $208,700
2017 $3,259 $205,500 $0 $205,500
2016 $2,692 $171,800 $0 $171,800
2015 $2,553 $155,600 $0 $155,600
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Sarah Myles-Lennox

    MerryFox Realty

    (857) 523-9733

    3 in this area

    36 Total Sales

    Sarah Myles-Lennox
    Section Image
  • Shannon Sisk

    Buyer's Agent in 2023

    Shannon Sisk

    Compass

    (781) 667-2770

    1 in this area

    45 Total Sales

    Shannon Sisk
    Section Image

  • S

    Buyer's Agent in 2019

    Samnang Tith Hutton

    Redfin Corp.

  • S

    Seller's Agent in 2016

    Sarah Navarro

    MyHomeRE, LLC

  • M

    Buyer's Agent in 2016

    Merry Fox Team

    MerryFox Realty

    20 in this area

    263 Total Sales

    Merry Fox Team
    Section Image

  • S

    Seller's Agent in 2012

    Susan Keenan

    RE/MAX

    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73118524

MLS Property Information Network (MLS PIN)

APN: SALE-000032-000000-000229-000805-000805

Massachusetts Essex County Salem 01970 South Salem

323 Lafayette St Unit 5, Salem, MA

Not Listed for Sale

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.

Nearby Homes