NOT LISTED FOR SALE

323 Lafayette St Unit 7 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $415,000 - $530,000

2 Beds
1 Bath
1,253 Sq Ft
$379/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $330,000 $263 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,858/month

7 Days on Market

Highlights

  • Tile Flooring
  • Forced Air Heating System
  • 5-minute walk to Forest River Park

About This Home

As of October 2020

Fabulous 2 bedroom townhouse with home office space! This sunny unit has 2 deeded parking spaces, private over-sized deck with sliders, leading into the living room. The beautiful dining room leads to a home office nook in the corner. Large kitchen space and a full bathroom complete this level. 2 bedrooms upstairs with ample storage and skylight. 100'% owner-occupied association!

Last Agent to Sell the Property

Jenny May

J. Barrett & Company Listed on: 09/02/2020

Last Buyer's Agent

Erin Lamb

RE/MAX 360

RE/MAX 360

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,298

Year Built

  • Built in 1920

Kitchen

  • Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Tile

Laundry

  • Dryer
  • Washer

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • Natural Gas Water Heater

Additional Features

  • Basement

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,298

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Townhouse
  • Other Agent: 1.50
  • Restrictions: Rentals
  • Year Built Description: Actual
  • List Price Per Sq Ft: 239.35
  • Comp Based On: Net Sale Price
  • Year Built: 1920
  • Lead Paint: Unknown
  • Unit Building: 7
  • Unit Level: 2
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 1920

Interior Features

  • Flooring: Tile, Wall to Wall Carpet, Laminate
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • No Bedrooms: 2
  • Master Bedroom: On Level: Third Floor, Skylight, Closet, Flooring - Wall to Wall Carpet
  • Bedroom 2: On Level: Third Floor, Closet, Flooring - Wall to Wall Carpet
  • Full Bathrooms: 1
  • Bathroom 1: On Level: Second Floor, Bathroom - Full, Flooring - Vinyl
  • No Rooms: 5
  • Dining Room: On Level: Second Floor, Closet, Flooring - Laminate
  • Kitchen: On Level: Second Floor, Flooring - Stone/Ceramic Tile
  • Living Room: On Level: Second Floor, Closet/Cabinets - Custom Built, Flooring - Laminate, Deck - Exterior, Slider
  • Basement: Y
  • No Living Levels: 2
  • Main Lo: C95243
  • Main So: AN4305
  • Estimated Sq Ft: 1253.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 3/10 to 1/2 Mile
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Clapboard
  • Exterior Unit Features: Deck - Wood

Garage/Parking

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

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Cooling: Wall AC, 2 Units
  • Heating: Forced Air, Gas
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Park, Walk/Jog Trails, Medical Facility, Bike Path, Public School, University
  • HOA Fees: 284.02
  • Association Fee Includes: Water, Sewer, Master Insurance, Landscaping, Snow Removal
  • Condo Association: Yes
  • Management: Owner Association

Association/Amenities

  • Condominium Name: Lafayette Street Condominium

Lot Info

  • Assessments: 254800.00
  • Page: 20
  • Zoning: R2

Tax Info

  • Taxes: 3681.00
  • Assessor Parcel Number: 2134324
  • Tax Year: 2020

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2020
Closed on
Oct 28, 2020
Sold by
Munroe John W and Munroe Marsha S
Bought by
Abbot Bailey J and Stewart Aria A
Seller's Agent
Jenny May
J. Barrett & Company
Buyer's Agent
Erin Lamb
RE/MAX 360
List Price
$299,000
Sold Price
$330,000
Premium/Discount to List
$31,000
10.37%
Current Estimated Value
$474,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,766
Avg. Annual Appreciation
7.39%
Original Mortgage
$264,000
Outstanding Balance
$234,922
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$239,844

Purchase Details

Closed on
Jul 5, 2005
Sold by
Labbe Vanessa M
Bought by
Munroe John W and Munroe Marsha S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 18, 2000
Sold by
Culver Edward A and Culver Edilbes
Bought by
Elashkar Emad M and Elashkar Jill F
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Abbot Bailey J $330,000 None Available
Munroe John W $265,000 --
Elashkar Emad M $147,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abbot Bailey J $264,000
Previous Owner Elashkar Emad M $222,000
Previous Owner Elashkar Emad M $245,000
Previous Owner Elashkar Emad M $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2020 10/30/20 Sold $330,000 +10.0% $263 / Sq Ft
09/09/2020 09/09/20 Pending -- -- --
09/03/2020 09/03/20 Price Changed $299,900 +0.3% $239 / Sq Ft
09/02/2020 09/02/20 For Sale $299,000 -- $239 / 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 $4,298 $379,000 $0 $379,000
2024 $3,693 $317,800 $0 $317,800
2023 $4,143 $331,200 $0 $331,200
2022 $3,998 $301,700 $0 $301,700
2021 $3,785 $274,300 $0 $274,300
2020 $3,682 $254,800 $0 $254,800
2019 $3,547 $234,900 $0 $234,900
2018 $3,387 $220,200 $0 $220,200
2017 $3,267 $206,000 $0 $206,000
2016 $2,896 $184,800 $0 $184,800
2015 $2,823 $172,000 $0 $172,000
Source: Public Records

Agents Affiliated with this Home

  • Jenny May

    Seller's Agent in 2020

    Jenny May

    J. Barrett & Company

    (978) 828-4142

    3 in this area

    43 Total Sales

    Jenny May
    Section Image
  • Erin Lamb

    Buyer's Agent in 2020

    Erin Lamb

    RE/MAX 360

    (978) 771-7083

    4 in this area

    48 Total Sales

    Erin Lamb
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72720105

MLS Property Information Network (MLS PIN)

APN: SALE-000032-000000-000229-000807-000807

Massachusetts Essex County Salem 01970 South Salem

323 Lafayette St Unit 7, Salem, MA

Not Listed for Sale

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