$985,000
SOLD SEP 6, 2024

324-328 Essex St Unit 3 Salem, MA 01970

Chestnut Street Neighborhood
2 Beds
2.5 Baths
1,751 Sq Ft
$628/mo HOA Fee

Recently Sold

$563 Per Sq Ft

1 Day on Market

Highlights

  • 0.54 Acre Lot
  • 3 Fireplaces
  • Forced Air Heating and Cooling System
  • Marble Flooring
  • Storm Windows

About This Home

As of September 2024

Erected in 1818, this grand home now elegantly parceled into 4 condos, gets its name from the diplomat and statesman, George P Loring and the great philanthropist and preservationist Caroline Emmerton, under whose leadership the House of Seven Gables museum was established. Enter this sprawling condo to the serene open living areas overlooking the Ropes Garden. The custom kitchen has floor to ceiling cabinets & durable quartz counters providing plenty of room to spread-out. BR 1 delights with a gently arched ceiling, Miss Emmerton’s ornately carved meditation room, and a glamorous bath with a five-sided bay window offering panoramic views of an array of 19th century houses and gardens. The multifunctional 2nd BR offers the dramatic surprise of a groin-vault ceiling, cantilevered bay window (used as an exercise space), side room (used as an office), a fabulous paneling, and spa like marble mosaic bath. Parking for 2 cars, lovely grounds, and best of all...30 seconds downtown Salem!

Last Agent to Sell the Property

Michael Selbst

Gibson Sotheby's International Realty Listed on: 07/16/2024

Last Buyer's Agent

Michael Selbst

Gibson Sotheby's International Realty Listed on: 07/16/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,924

Year Built

  • Built in 1818

HOA Fees

  • $628 Monthly HOA Fees

Parking

  • 2 Car Parking Spaces

Interior Spaces

  • 1,751 Sq Ft Home
  • 1-Story Property
  • 3 Fireplaces
  • Basement

Kitchen

  • Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Utilities

  • Forced Air Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone
  • Heating System Uses Natural Gas
  • 110 Volts

Listing and Financial Details

  • Assessor Parcel Number M:26 L:0521 S:803

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal
  • 5 Units
  • Mid-Rise Condominium

Security

  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,924

Year Built

Built in 1818

Lot Details

0

HOA Fees

$628 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 1818
  • Buyer Agency: 2
  • Entry Level: 2
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Plans
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Wood, Marble
  • Fireplace YN: Yes
  • Fireplaces: 3
  • Appliances: Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bathrooms: 2.5
  • Master Bathroom Features: Yes
  • Laundry Features: In Unit, Electric Dryer Hookup, Washer Hookup
  • Basement: Y
  • Living Area: 1751
  • Spa YN: No
  • Stories Total: 1
  • Window Features: Storm Window(s)
  • MAIN LO: BB5918
  • LIST PRICE PER Sq Ft: 562.54
  • PRICE PER Sq Ft: 562.54
  • MAIN SO: BB5918

Exterior Features

  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Electric: 110 Volts
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Fee: 628
  • Association Fee Frequency: Monthly
  • Senior Community YN: No
  • UNIT BUILDING: 3
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: M:26 L:0521 S:803
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.54
  • Lot Size Area: 0.54
  • Lot Size Sq Ft: 23714
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 28
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8924
  • Tax Book Number: 39316

Multi Family

  • Number Of Units Total: 5
  • Basement Included Sq Ft: No
  • NO UNITS OWNER OCC: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2024
Closed on
Aug 30, 2024
Sold by
Frigand Steven A
Bought by
Cahill Kathleen
Seller's Agent
Michael Selbst
Gibson Sotheby's International Realty
Buyer's Agent
Michael Selbst
Gibson Sotheby's International Realty
List Price
$985,000
Sold Price
$985,000
Views
10
Current Estimated Value
$1,002,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,597
Avg. Annual Appreciation
-0.28%

Purchase Details

Closed on
Dec 14, 2020
Sold by
Maclean Anne C
Bought by
Frigand Steven A

Purchase Details

Closed on
Aug 10, 2017
Sold by
Burrington John and Burrington Michele
Bought by
Maclean Anne C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,800
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2016
Sold by
Cantor Massachusetts R
Bought by
Burrington Michele and Burrington John

Purchase Details

Closed on
Dec 11, 2012
Sold by
Cantor Howard B and Cantor Roberta E
Bought by
Cantor Massachusetts R

Purchase Details

Closed on
Aug 26, 2005
Sold by
Overlook Salem Llc
Bought by
Cantor Howard B
Source: Public Records

Similar Homes in Salem, MA

  • 17 Central St Unit 10, Salem, MA 01970

    $799,000

    • 2 Beds
    • 2.5 Baths
    • 1,401 Sq Ft
    • 17 Central St
    • Unit 10
    • Salem, MA

    Words fall short describing the Grandeur of The Residences at Museum Place. Sophisticated "Penthouse" bi-level, 5 rm/2 bdrm, 2 1/2 bath condominium in C.1913, Brick Georgian Colonial/Federal Architectural Gem in the Heart of Downtown Salem. Original Salem Police Sta., converted 2005 into award winning condominiums in elevatored bldg. Unit 10 has a Chef's Kitchen w/ new quartz counters & SS

    Gary Blattberg RE/MAX Beacon

    Section Image
  • 18 Franklin St Unit 303, Salem, MA 01970

    $899,900

    • 3 Beds
    • 2 Baths
    • 1,523 Sq Ft
    • 18 Franklin St
    • Unit 303
    • Salem, MA

    The luxury boutique condominiums at RIVERWALK SALEM offer the best in modern single-level living on the North Shore. This spacious new three-bedroom, two-bath condo features oversized windows, high ceilings, top-of-the-line finishes, plentiful amenities, and personalized finishes with a signature designer aesthetic. The large Chef's kitchen boasts stainless Bosch appliances, custom cabinetry,

    Merry Fox Team MerryFox Realty

    Section Image
  • 18 Franklin St Unit 203, Salem, MA 01970

    $1,150,000

    • 3 Beds
    • 2 Baths
    • 1,505 Sq Ft
    • 18 Franklin St
    • Unit 203
    • Salem, MA

    Designed to take advantage of beautiful water views, the luxury boutique condominiums at RIVERWALK SALEM offer the best in modern single-level living on the North Shore. This spacious new three-bedroom, two-bath condo features oversized windows, high ceilings, top-of-the-line finishes, plentiful amenities, and personalized finishes with a signature designer aesthetic. The large Chef's kitchen

    Merry Fox Team MerryFox Realty

    Section Image
  • 18 Franklin St Unit 201, Salem, MA 01970

    $975,000

    • 3 Beds
    • 2 Baths
    • 1,572 Sq Ft
    • 18 Franklin St
    • Unit 201
    • Salem, MA

    RIVERWALK SALEM is the newest in luxury boutique condominiums on the North Shore. Designed to take advantage of water and city skyline views, these residences offer the best in modern single-level living. This beautifully appointed 3 bedroom, 2 bath condo features oversized windows, high ceilings, top-of-the-line finishes, plentiful amenities, and a signature designer aesthetic. The Chef's

    Merry Fox Team MerryFox Realty

    Section Image

Range of Values:

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 Type Sale Price Title Company
Condominium Deed $985,000 None Available
Condominium Deed $985,000 None Available
Not Resolvable $725,000 None Available
Not Resolvable $601,000 --
Not Resolvable $515,000 --
Quit Claim Deed -- --
Quit Claim Deed -- --
Deed $598,000 --
Deed $598,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $510,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $480,800 New Conventional
Previous Owner $200,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2024 09/06/24 Sold $985,000 0.0% $563 / Sq Ft
07/19/2024 07/19/24 Pending -- -- --
07/17/2024 07/17/24 For Sale $985,000 -- $563 / 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 $9,133 $805,400 $0 $805,400
2024 $8,924 $768,000 $0 $768,000
2023 $9,172 $733,200 $0 $733,200
2022 $9,143 $690,000 $0 $690,000
2021 $9,069 $657,200 $0 $657,200
2020 $9,369 $648,400 $0 $648,400
2019 $8,827 $584,600 $0 $584,600
2018 $8,702 $565,800 $0 $565,800
2017 $8,614 $543,100 $0 $543,100
2016 $8,062 $514,500 $0 $514,500
2015 $8,162 $497,400 $0 $497,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73265539

MLS Property Information Network (MLS PIN)

APN: SALE-000026-000000-000521-000803-000803