$272,000
SOLD OCT 24, 2019

323 Lafayette St Unit 5 Salem, MA 01970

South Salem Neighborhood
2 Beds
2 Baths
1,279 Sq Ft
1920 Built

Recently Sold

$213 Per Sq Ft

1% Above List Price

5 Days on Market

About This Home

As of July 2023

Don't let the address fool you....this condo is tucked back from the street in a quiet, private spot. Penthouse unit with beamed, cathedral ceilings, open concept living room and dining area with fireplace and skylights providing great natural lighting. Bonus nook that was previously used as an office but could be a play area, meditation spot or library. Updated kitchen with butcher block counters, stainless steel appliances and half bath. Two generously sized bedrooms plus full bath and tons of storage, in unit and in the basement. Two assigned parking spots plus large, shared yard with patio plus a brand new roof. Convenient location close to Downtown Salem, Commuter Rail, Rt 1A and Salem State and pet friendly! Seller has paid the condo fees through the end of 2019 as a gift to the buyer.

Last Agent to Sell the Property

Sarah Myles-Lennox

MerryFox Realty Listed on: 09/12/2019

Last Buyer's Agent

Samnang Tith Hutton

Redfin Corp. License #449592525

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,550

Year Built

  • Built in 1920

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Laminate Flooring
  • Year Round Access
  • Basement

Community Details

  • Pets Allowed

Listing and Financial Details

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,550

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Garden
  • Other Agent: 1.00
  • Restrictions: Rentals
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 211.02
  • Comp Based On: Net Sale Price
  • Year Built: 1920
  • Lead Paint: Unknown
  • Year Round: Yes
  • Unit Building: 5
  • Unit Level: 3
  • Unit Placement: Top/Penthouse
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1920

Interior Features

  • Fireplaces: 1
  • Flooring: Laminate
  • No Bedrooms: 2
  • Master Bedroom: On Level: Third Floor, Closet, Flooring - Laminate
  • Bedroom 2: On Level: Third Floor, Closet/Cabinets - Custom Built, Flooring - Laminate
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathroom 1: On Level: Third Floor, Bathroom - With Tub & Shower
  • Bathroom 2: On Level: Third Floor, Bathroom - Half
  • No Rooms: 4
  • Kitchen: On Level: Third Floor, Countertops - Upgraded, Remodeled, Stainless Steel Appliances
  • Laundry: On Level: Basement
  • Living Room: On Level: Third Floor, Fireplace, Ceiling - Cathedral, Ceiling Fan(s)
  • Basement: Y
  • No Living Levels: 1
  • Main Lo: K95001
  • Main So: NB3534
  • Estimated Sq Ft: 1279.00

Exterior Features

  • Beachfront Flag: Yes
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Wood
  • Exterior Unit Features: Patio, Garden Area

Garage/Parking

  • Parking Feature: Off-Street, Assigned
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Wall AC
  • Heating: Electric Baseboard
  • Hot Water: Electric
  • Utility Connections: for Electric Range, for Electric Oven

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, House of Worship, Marina, Private School, Public School, T-Station, University
  • HOA Fees: 325.00
  • Association Fee Includes: Water, Sewer, Laundry Facilities, Exterior Maintenance, Landscaping, Snow Removal, Extra Storage, Refuse Removal, Reserve Funds
  • Condo Association: Yes
  • Management: Professional - Off Site

Lot Info

  • Assessments: 228300.00
  • Page: 422
  • Parcel Number: M:32 L:0229 S:805
  • Zoning: R1

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Taxes: 3447.00
  • Assessor Parcel Number: 2134324

Multi Family

  • No Units: 7
  • No Units Owner Occ: 7

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
$465,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,194
Avg. Annual Appreciation
5.43%
Original Mortgage
$372,000
Outstanding Balance
$364,935
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$103,430

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

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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
Condominium Deed $420,000 None Available
Condominium Deed $272,000 --
Deed $245,000 --
Deed $195,000 --
Deed $127,000 --
Deed $115,000 --
Deed $115,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $372,000 Purchase Money Mortgage
Previous Owner $258,700 Stand Alone Refi Refinance Of Original Loan
Previous Owner $258,400 New Conventional
Previous Owner $150,000 New Conventional
Previous Owner $96,000 New Conventional
Previous Owner $220,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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
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

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72563730

MLS Property Information Network (MLS PIN)

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