NOT LISTED FOR SALE

331 Bridge St Unit 2 Salem, MA 01970

Estimated Value: $712,000 - $862,121

2 Beds
2.5 Baths
1,834 Sq Ft
$436/Sq Ft Est. Value

Last Sold March 01, 2022

Last sale price $705,000 $384 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,062/month

11 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Solid Surface Countertops
  • Deck
  • Wood Flooring
  • Stainless Steel Appliances

About This Home

As of March 2022

LIKE NEW CONSTRUCTION STEPS AWAY FROM THE HEART OF DOWNTOWN SALEM! Modern Open Concept Townhouse comes with all the bells and whistles! High ceilings, new stainless steel appliances, hardwood flooring throughout, and that luxury Downtown feel we all have been searching for. Enjoy your morning coffee on the expansive deck off of your stunning Kitchen. A commuter’s dream - easy access in and out of Boston or the ultimate work from home atmosphere. Heated, spacious one-car garage and two parking spaces. With inventory at an all time low you do not want to miss out on this amazing opportunity!

Last Agent to Sell the Property

Lillian Montalto

Lillian Montalto Signature Properties Listed on: 01/06/2022

Co-Listed By

Team Lillian Montalto

Lillian Montalto Signature Properties

Last Buyer's Agent

Kerry Connelly

Coldwell Banker Realty - Lynnfield

Coldwell Banker Realty - Lynnfield

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,478

Year Built

  • Built in 2021

Lot Details

  • 9,191

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Tuck Under Parking
  • Heated Garage
  • Off-Street Parking

Home Design

  • Entry on the 1st floor
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,834 Sq Ft Home
  • 3-Story Property
  • Recessed Lighting
  • Insulated Windows
  • Living Room with Fireplace

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on third floor

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Collins Middle School
  • Salem High School

Utilities

  • Central Air
  • 2 Cooling Zones
  • 2 Heating Zones
  • Heating System Uses Natural Gas
  • 220 Volts
  • Natural Gas Connected
  • Gas Water Heater

Additional Features

  • Energy-Efficient Thermostat
  • Near Conservation Area

Listing and Financial Details

  • Assessor Parcel Number 5156785

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal, trash, reserve funds
  • 4 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Bike Trail

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,478

Year Built

Built in 2021

Lot Details

0

HOA Fees

$200 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Townhouse
  • Year Built: 2021
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Entry Level: 1
  • Transaction Broker: 2
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Stories: 3

Interior Features

  • Flooring: Hardwood
  • Entry Location: Unit Placement(Street)
  • Fireplace Features: Living Room
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer, Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 2
  • Room Bedroom2 Level: Third
  • Room Bedroom2 Features: Closet, Flooring - Hardwood, Recessed Lighting
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bathrooms: 2.5
  • Room Master Bedroom Features: Closet, Flooring - Hardwood, Recessed Lighting
  • Room Master Bedroom Level: Third
  • Master Bathroom Features: Yes
  • Room Family Room Level: First
  • Room Family Room Features: Flooring - Stone/Ceramic Tile, Recessed Lighting
  • Room Kitchen Level: Second
  • Room Kitchen Features: Flooring - Hardwood, Balcony / Deck, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Stainless Steel Appliances
  • Laundry Features: In Unit
  • Room Living Room Level: Second
  • Room Living Room Features: Closet, Flooring - Hardwood, Recessed Lighting
  • Living Area: 1834
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: G62122
  • LIST PRICE PER Sq Ft: 381.13
  • PRICE PER Sq Ft: 384.41
  • MAIN SO: AN6527

Exterior Features

  • Construction Materials: Frame
  • Patio And Porch Features: Deck - Composite
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage YN: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Parking Features: Under, Heated Garage, Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Central Air
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Electric: 220 Volts
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 2
  • COOLING ZONES: 2

Condo/Co-op/Association

  • Association Fee: 200
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Bike Path, Conservation Area, Private School, Public School, T-Station, University
  • Senior Community YN: No
  • UNIT BUILDING: 2
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: 5156785
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • PAGE: 411
  • OUTDOOR SPACE AVAILABLE: Yes - Private

Green Features

  • Green Energy Efficient: Thermostat

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 7478.3
  • Tax Book Number: 37338

Multi Family

  • Number Of Units Total: 4
  • NO UNITS OWNER OCC: 4

MLS Schools

  • High School: Salem
  • Middle Or Junior School: Collins

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/01/2022 03/01/22 Sold $705,000 +0.9% $384 / Sq Ft
01/18/2022 01/18/22 Pending -- -- --
01/06/2022 01/06/22 For Sale $699,000 +12.4% $381 / Sq Ft
03/24/2021 03/24/21 Sold $622,000 -1.3% $339 / Sq Ft View Prior Sale
02/03/2021 02/03/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $629,900 0.0% $343 / Sq Ft
01/24/2021 01/24/21 Pending -- -- --
01/14/2021 01/14/21 For Sale $629,900 -- $343 / 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 $8,063 $711,000 $0 $711,000
2024 $7,977 $686,500 $0 $686,500
2023 $7,679 $613,800 $0 $613,800
2022 $7,478 $564,400 $0 $564,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72931721

MLS Property Information Network (MLS PIN)

APN: SALE M:26 L:0583 S:802