NOT LISTED FOR SALE

343 Lafayette St Unit 1 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $436,000 - $469,000

3 Beds
1 Bath
1,221 Sq Ft
$210/mo HOA Fee

Last Sold February 25, 2022

Last sale price $340,000 $278 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,936/month

143 Days on Market

About This Home

As of February 2022

Blazing sunshine sparkles throughout this sprawling floor-through three bedroom condominium with garage parking in bustling Salem! Perfectly positioned between the beautiful campus of Salem State University and Forest River Park! The large living room has gleaming hardwood floors and incredible natural light! All three spacious bedrooms will appeal to owner occupants as well as investors looking to take advantage of the high demand rental market! The eat-in kitchen is fully equipped with stainless steel appliances and ample closet & counter space. There is also a laundry room which provides additional storage space. To complete the unit, residents will enjoy using the oversized sun room as well as a common yard! Fantastic investment property with a strong rental history or perfect starter home! Don't miss out on this opportunity!

Last Agent to Sell the Property

Frank Celeste

Gibson Sotheby's International Realty Listed on: 08/23/2021

Gibson Sotheby's International Realty

Last Buyer's Agent

Emmanuel Paul

Redfin Corp.

Redfin Corp.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,916

Year Built

  • 1890

Lot Details

  • 4,792

HOA Fees

  • $210 per month

Parking

  • 1

Community Details

Amenities

  • Common Area

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,916

Year Built

1890

Lot Details

0

HOA Fees

$210 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • Carport Y N: No
  • Directions: Lafayette St.
  • Garage Yn: Yes
  • Structure Type: 2/3 Family
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1890

Interior Features

  • Appliances: Range,Dishwasher,Refrigerator,Washer,Dryer, Gas Water Heater
  • Total Bathrooms: 1
  • Master Bathroom Features: No
  • MAIN LO: BB5918
  • LIST PRICE PER Sq Ft: 298.12
  • PRICE PER Sq Ft: 278.46
  • MAIN SO: NB3534
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Tile, Laminate, Hardwood
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Construction Type: Brick, Stone
  • Disclosures: Some Photos Are Virtually Staged.
  • Fencing: Fenced
  • Patio And Porch Features: Porch
  • Waterfront: No

Garage/Parking

  • Parking Features: Detached, Off Street
  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1

Utilities

  • Cooling: Window Unit(s)
  • Heating: Hot Water
  • Cooling Y N: Yes
  • Electric: 100 Amp Service
  • Heating Yn: Yes
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • UNIT BUILDING: 1
  • Association Fee: 210
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Public Transportation, Shopping
  • Pets Allowed: Breed Restrictions

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance

Lot Info

  • LOT SIZE: 4700
  • PAGE: 347
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 4791.6
  • Zoning: R3

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 4411.86
  • Tax Book Number: 37454
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2021
Closed on
Feb 25, 2022
Sold by
Fennessey David
Bought by
Little Tariana V and Meyer Jonas
Seller's Agent
Frank Celeste
Gibson Sotheby's International Realty
Buyer's Agent
Emmanuel Paul
Redfin Corp.
List Price
$379,000
Sold Price
$340,000
Premium/Discount to List
-$39,000
-10.29%
Current Estimated Value
$452,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,677
Avg. Annual Appreciation
8.30%
Original Mortgage
$272,000
Outstanding Balance
$253,053
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$199,624

Purchase Details

Listed on
Apr 11, 2019
Closed on
Apr 19, 2019
Sold by
343 Lafayette Llc
Bought by
Fennessey David
Seller's Agent
Ben Kovacs
Byrnes Real Estate Group LLC
Buyer's Agent
Ben Kovacs
Byrnes Real Estate Group LLC
Sold Price
$2,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.05%
Original Mortgage
$247,500
Interest Rate
4.4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Little Tariana V $340,000 None Available
Fennessey David $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Little Tariana V $272,000
Previous Owner Fennessey David $247,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2022 02/25/22 Sold $340,000 -10.3% $278 / Sq Ft
01/14/2022 01/14/22 Pending -- -- --
08/23/2021 08/23/21 For Sale $379,000 0.0% $310 / Sq Ft
06/01/2020 06/01/20 Rented $2,200 0.0% --
04/26/2020 04/26/20 Under Contract -- -- --
04/13/2020 04/13/20 Price Changed $2,200 -8.3% $2 / Sq Ft
02/26/2020 02/26/20 For Rent $2,400 0.0% --
06/18/2019 06/18/19 Rented $2,400 0.0% --
06/06/2019 06/06/19 Off Market $2,400 -- --
04/22/2019 04/22/19 Sold $330,000 0.0% $275 / Sq Ft
04/11/2019 04/11/19 For Rent $2,400 0.0% --
03/13/2019 03/13/19 Pending -- -- --
02/22/2019 02/22/19 For Sale $330,000 0.0% $275 / Sq Ft
02/14/2019 02/14/19 Pending -- -- --
02/12/2019 02/12/19 Price Changed $330,000 -5.7% $275 / Sq Ft
01/30/2019 01/30/19 For Sale $350,000 -- $292 / 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 $3,916 $345,300 $0 $345,300
2024 $3,823 $329,000 $0 $329,000
2023 $4,615 $368,900 $0 $368,900
2022 $4,476 $337,800 $0 $337,800
2021 $4,412 $319,700 $0 $319,700
2020 $4,358 $301,600 $0 $301,600
Source: Public Records

Agents Affiliated with this Home

  • Frank Celeste

    Seller's Agent in 2022

    Frank Celeste

    Gibson Sothebys International Realty

    (617) 872-3227

    1 in this area

    479 Total Sales

    Frank Celeste
    Section Image

  • B

    Seller's Agent in 2020

    Ben Kovacs

    Byrnes Real Estate Group LLC

    (774) 217-2268

    77 Total Sales

    Ben Kovacs
    Section Image
  • Tyson Lynch

    Seller's Agent in 2019

    Tyson Lynch

    The Proper Nest Real Estate

    (781) 244-5208

    6 in this area

    63 Total Sales

    Tyson Lynch
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72885211

MLS Property Information Network (MLS PIN)

APN: 32-0324-801

Massachusetts Essex County Salem 01970 South Salem

343 Lafayette St Unit 1, Salem, MA

This home is located at 343 Lafayette St Unit 1, Salem, MA 01970 since 23 August 2021 and is currently estimated at $452,677, approximately $370 per square foot. This property was built in 1890. 343 Lafayette St Unit 1 is a home located in Essex County with nearby schools including Saltonstall School, Horace Mann Laboratory, and Carlton Elementary School.

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.

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