NOT LISTED FOR SALE

343 Lafayette St Unit 3 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $359,000 - $463,000

3 Beds
1 Bath
1,100 Sq Ft
$200/mo HOA Fee

Last Sold April 12, 2019

Last sale price $282,000 $256 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $2,754/month

38 Days on Market

About This Home

As of April 2019

This top floor newly converted unit features wide pine floors, new kitchen and bathroom. This home features three bedrooms, in-unit laundry, Off-street parking, private deck, additional basement storage, common garden area, and freshly installed high efficient gas boiler. Conveniently located near, SSU, Salem Harbor and recreation of Forest River Park, and approximately 1.2 miles from vibrant downtown Salem. Easy access to MBTA bus lines and commuter lines to Boston.

Last Agent to Sell the Property

Tyson Lynch

The Proper Nest Real Estate Listed on: 01/30/2019

Last Buyer's Agent

Connolly Gallo Team

RE/MAX 360

RE/MAX 360

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,517

Year Built

  • Built in 1890

Lot Details

  • Year Round Access

HOA Fees

  • $200 per month

Kitchen

  • Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Tile

Utilities

  • Radiator
  • Individual Controls for Heating
  • Natural Gas Water Heater

Additional Features

  • Basement

Community Details

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,517

Year Built

Built in 1890

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: 2/3 Family
  • Year Built Description: Actual
  • List Price Per Sq Ft: 263.64
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1890
  • Lead Paint: Unknown
  • Year Round: Yes
  • Unit Building: 3
  • Unit Level: 3
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1890

Interior Features

  • Flooring: Tile, Laminate, Hardwood
  • Appliances: Range, Dishwasher
  • No Bedrooms: 3
  • Master Bedroom: On Level: Third Floor, Dimension: 12X8
  • Bedroom 2: On Level: Third Floor, Dimension: 12X10
  • Bedroom 3: On Level: Third Floor, Dimension: 13X11
  • Full Bathrooms: 1
  • Bathroom 1: On Level: Third Floor
  • No Rooms: 5
  • Kitchen: On Level: Third Floor, Dimension: 15X12
  • Laundry: On Level: Third Floor
  • Living Room: On Level: Third Floor, Dimension: 14X11
  • Basement: Y
  • No Living Levels: 1
  • Main Lo: C95243
  • Main So: AN4305
  • Estimated Sq Ft: 1100.00

Exterior Features

  • Exterior: Clapboard
  • Exterior Unit Features: Porch, Porch - Enclosed, Garden Area

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking: Detached

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 100 Amps
  • Heating: Hot Water Radiators, Individual, Unit Control
  • Hot Water: Natural Gas
  • Utility Connections: for Electric Range, for Electric Dryer, Washer Hookup

Condo/Co-op/Association

  • Fee Interval: Monthly
  • HOA Fees: 200.00
  • Association Fee Includes: Water, Sewer, Master Insurance
  • Condo Association: Yes
  • Association Security: Intercom

Lot Info

  • Zoning: R3

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Assessor Parcel Number: 2134422

Multi Family

  • No Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2022
Sold by
Qtf Prop Solutions Llc
Bought by
Elouche Akram
Total Days on Market
38
Current Estimated Value
$402,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Outstanding Balance
$208,216
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$194,513

Purchase Details

Closed on
Sep 3, 2019
Sold by
Elouche Akram
Bought by
Qtf Property Solutions

Purchase Details

Listed on
Jan 30, 2019
Closed on
Apr 12, 2019
Sold by
343 Lafayette Llc
Bought by
Elouche Akram
Seller's Agent
Tyson Lynch
The Proper Nest Real Estate
Buyer's Agent
Connolly Gallo Team
RE/MAX 360
List Price
$335,000
Sold Price
$282,000
Premium/Discount to List
-$53,000
-15.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.96%
Original Mortgage
$225,600
Interest Rate
4.3%
Mortgage Type
New Conventional
Source: Public Records

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 Buyer Sale Price Title Company
Elouche Akram -- None Available
Elouche Akram -- None Available
Qtf Property Solutions -- --
Elouche Akram $282,000 --
Elouche Akram $282,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elouche Akram $221,000
Closed Elouche Akram $221,000
Previous Owner Elouche Akram $225,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2019 04/12/19 Sold $282,000 -2.8% $256 / Sq Ft
03/09/2019 03/09/19 Pending -- -- --
03/02/2019 03/02/19 Price Changed $290,000 -3.0% $264 / Sq Ft
02/12/2019 02/12/19 Price Changed $299,000 -10.7% $272 / Sq Ft
01/30/2019 01/30/19 For Sale $335,000 -- $305 / 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 $3,517 $310,100 $0 $310,100
2024 $3,427 $294,900 $0 $294,900
2023 $3,867 $309,100 $0 $309,100
2022 $3,746 $282,700 $0 $282,700
2021 $3,686 $267,100 $0 $267,100
2020 $3,637 $251,700 $0 $251,700
Source: Public Records

Agents Affiliated with this Home

  • Tyson Lynch

    Seller's Agent in 2019

    Tyson Lynch

    The Proper Nest Real Estate

    (781) 244-5208

    5 in this area

    75 Total Sales

    Tyson Lynch
    Section Image
  • Connolly Gallo Team

    Buyer's Agent in 2019

    Connolly Gallo Team

    RE/MAX 360

    (978) 808-6718

    2 in this area

    93 Total Sales

    Connolly Gallo Team
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72447605

MLS Property Information Network (MLS PIN)

APN: 32-0324-803

Massachusetts Essex County Salem 01970 South Salem

343 Lafayette St Unit 3, Salem, MA

This home is located at 343 Lafayette St Unit 3, Salem, MA 01970 since 30 January 2019 and is currently estimated at $402,729, approximately $366 per square foot. This property was built in 1890. 343 Lafayette St Unit 3 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.

Nearby Homes