NOT LISTED FOR SALE

343 Lafayette St Unit 2 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $415,000 - $457,000

3 Beds
1 Bath
1,100 Sq Ft
$393/Sq Ft Est. Value

Last Sold April 18, 2019

Last sale price $330,000 $300 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,595/month

About This Home

As of June 2023

This charming 3-bedroom, one full-bath unit is in a sought-after Salem neighborhood. It features classic New England architecture, a cozy living room, a fully equipped kitchen, a washer and dryer in the unit, three generously sized bedrooms, and a private porch. The home is just steps away from Salem State College and various coffee shops and restaurants, offering the perfect blend of urban convenience and small-town charm.

Last Agent to Rent the Property

Richard Peterson

Douglas Elliman Real Estate - The Sarkis Team Listed on: 05/24/2023

Douglas Elliman Real Estate - The Sarkis Team

Last Renter's Agent

Richard Peterson

Douglas Elliman Real Estate - The Sarkis Team Listed on: 05/24/2023

Douglas Elliman Real Estate - The Sarkis Team

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,824

Year Built

  • 1890

Lot Details

  • 4,704

Parking

  • 1 Car Parking Space

Home Design

  • 1,100 Sq Ft Home
  • Apartment
  • Entry on the 2nd floor

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • No Cooling

Listing and Financial Details

  • Security Deposit $2,850
  • Property Available on 7/1/23
  • Rent includes water
  • 12 Month Lease Term
  • Assessor Parcel Number 5075310

Community Details

Overview

  • No Home Owners Association

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,824

Year Built

1890

Lot Details

0

Rental Info

  • Pets Allowed: Yes w/ Restrictions
  • Available Date: 2023-07-01
  • Lease Term: Term of Rental(12)
  • Available Now: No
  • Deposit Required: Yes
  • FIRST MON REQD: Yes
  • INSURANCE REQD: No
  • LAST MON REQD: Yes
  • REFERENCES REQD: Yes
  • SEC DEPOSIT: 2850

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Apartment
  • Entry Level: 2
  • CoOp Comp: 50/50
  • ResoPropertyType: ResidentialLease
  • ResoBuildingAreaSource: Other
  • Special Features: None
  • Year Built: 1890

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Living Area: 1100
  • Spa YN: No
  • MAIN LO: AN5445
  • MAIN SO: AN5445

Exterior Features

  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Total Parking Spaces: 1

Utilities

  • Cooling Y N: No

Condo/Co-op/Association

  • Association YN: No
  • Rent Includes: Water
  • Senior Community YN: No

Lot Info

  • Parcel Number: 5075310
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2019
Closed on
Apr 17, 2019
Sold by
343 Lafayette Llc
Bought by
Truchanovicius Viktoras
Seller's Agent
Tyson Lynch
The Proper Nest Real Estate
Buyer's Agent
Tyson Lynch
The Proper Nest Real Estate
List Price
$350,000
Sold Price
$330,000
Premium/Discount to List
-$20,000
-5.71%
Current Estimated Value
$432,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,226
Avg. Annual Appreciation
4.15%
Original Mortgage
$247,500
Outstanding Balance
$218,035
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$214,191
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
Truchanovicius Viktoras $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Truchanovicius Viktoras $247,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2023 06/30/23 Rented $2,700 -3.6% --
06/12/2023 06/12/23 Under Contract -- -- --
05/29/2023 05/29/23 Price Changed $2,800 -1.8% $3 / Sq Ft
05/24/2023 05/24/23 For Rent $2,850 +9.6% --
06/04/2022 06/04/22 Rented $2,600 0.0% --
06/03/2022 06/03/22 Under Contract -- -- --
04/06/2022 04/06/22 For Rent $2,600 +8.3% --
06/01/2021 06/01/21 Rented -- -- --
04/27/2021 04/27/21 Under Contract -- -- --
03/18/2021 03/18/21 For Rent $2,400 +9.1% --
07/01/2020 07/01/20 Rented $2,200 0.0% --
05/11/2020 05/11/20 Under Contract -- -- --
04/13/2020 04/13/20 For Rent $2,200 -4.3% --
06/27/2019 06/27/19 Rented $2,300 0.0% --
06/19/2019 06/19/19 Price Changed $2,300 -4.2% $2 / Sq Ft
06/13/2019 06/13/19 Price Changed $2,400 0.0% $2 / Sq Ft
04/18/2019 04/18/19 Sold $330,000 0.0% $275 / Sq Ft View Prior Sale
04/11/2019 04/11/19 For Rent $2,450 0.0% --
03/06/2019 03/06/19 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 $3,824 $337,200 $0 $337,200
2024 $3,731 $321,100 $0 $321,100
2023 $4,409 $352,400 $0 $352,400
2022 $4,278 $322,900 $0 $322,900
2021 $4,216 $305,500 $0 $305,500
2020 $4,166 $288,300 $0 $288,300
Source: Public Records

Agents Affiliated with this Home

  • R

    Landlord's Agent in 2023

    Richard Peterson

    Douglas Elliman Real Estate - The Sarkis Team

    24 Total Sales

    Richard Peterson
    Section Image

  • A

    Seller's Agent in 2022

    Alexandra Medina

    Byrnes Real Estate Group LLC

    Section Image

  • R

    Buyer's Agent in 2022

    Robert Heighton

    Key Realty Group, LLC

  • B

    Seller's Agent in 2021

    Ben Kovacs

    Byrnes Real Estate Group LLC

    (774) 217-2268

    87 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

    58 Total Sales

    Tyson Lynch
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73115653

MLS Property Information Network (MLS PIN)

APN: 32-0324-802

Massachusetts Essex County Salem 01970 South Salem

343 Lafayette St Unit 2, Salem, MA

Not Listed for Sale

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