NOT LISTED FOR SALE

Estimated Value: $665,707 - $710,000

2 Beds
2 Baths
1,825 Sq Ft
$375/Sq Ft Est. Value

Last Sold September 27, 2021

Last sale price $540,000 $296 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,700/month

27 Days on Market

Highlights

  • Medical Services
  • City View
  • Landscaped Professionally
  • No Units Above
  • Waterfront
  • Property is near public transit

About This Home

As of September 2021

Rarely available two-level penthouse unit located at Bowditch Place in the McIntire Historic District. This home is located on a floor with only three other units, adding to its unsurpassed privacy. This amazing corner unit has 2 large bedrooms, 2 full baths & features soaring cathedral ceiling heights of up to 22 feet. Gleaming hardwood floors run throughout this unique urban oasis. A new kitchen includes stainless steel appliances, granite countertops, and a breakfast bar. Spacious lofted master suite, with office space AND THE DRESSING ROOM OF YOUR DREAMS! If clothes are your thing, this could be your perfect home with yards and yards of California Closet brand hanging space and an in-unit laundry room adds to its many conveniences. This third-floor unit offers unobstructed views of the condo associations acre of park-like setting nestled in arguably the most beautiful neighborhood in the city. 2 off-street parking spaces and PET FRIENDLY, a true find in the center of Salem!

Last Agent to Sell the Property

David Ashton

Gibson Sotheby's International Realty Listed on: 07/06/2021

Last Buyer's Agent

Sue Hawkes

The Collaborative Companies

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,917

Year Built

  • Built in 1870

Lot Details

  • Waterfront
  • Near Conservation Area
  • No Units Above
  • Security Fence
  • Landscaped Professionally
  • Sprinkler System
  • Garden

HOA Fees

  • $419 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Slate Roof
  • Rubber Roof

Interior Spaces

  • 1,825 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Decorative Lighting
  • Home Office
  • Storage Room
  • City Views
  • Intercom

Kitchen

  • Built-In Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on fourth floor
  • Dual Closets
  • Dressing Area
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • 2 Car Parking Spaces
  • Common or Shared Parking
  • Paved Parking
  • Guest Parking
  • Open Parking
  • Off-Street Parking
  • Deeded Parking

Outdoor Features

  • Water Access
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Collins Middle School
  • Salem High School

Utilities

  • Forced Air Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone
  • Heat Pump System
  • Individual Controls for Heating
  • Hot Water Heating System
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number M:25 L:0104 S:828,2131452

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal, trash, reserve funds
  • 28 Units
  • Mid-Rise Condominium
  • Bowditch Place Condominium Community

Amenities

  • Medical Services
  • Common Area
  • Shops
  • Coin Laundry
  • Community Storage Space

Recreation

  • Recreation Facilities
  • Park

Pet Policy

  • Breed Restrictions

Security

  • Storm Windows

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,917

Year Built

Built in 1870

Lot Details

0

HOA Fees

$419 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Townhouse, Mid-Rise, Loft
  • Year Built: 1870
  • Buyer Agency: 2.0
  • Buyer Agency Type: %
  • Entry Level: 3
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Hardwood, Flooring - Wood
  • Interior Amenities: High Speed Internet Hookup, Lighting - Pendant, Closet/Cabinets - Custom Built, Countertops - Upgraded, Dressing Room, Home Office, Internet Available - Broadband
  • Entry Location: Unit Placement(Back)
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Disposal,Microwave,Countertop Range,Refrigerator,Freezer,Washer,Dryer, Electric Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Gas Dryer, Utility Connections for Electric Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: Main
  • Room Bedroom2 Features: Flooring - Wood, Cable Hookup, Closet - Double
  • Room Bedroom2 Area: 203
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Room Master Bedroom Features: Bathroom - Full, Flooring - Wood
  • Room Master Bedroom Level: Fourth Floor
  • Room Master Bedroom Area: 227.5
  • Master Bathroom Features: No
  • Bathroom 1 Area: 44
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
  • Bathroom 1 Level: Third
  • Bathroom 2 Level: Fourth Floor
  • Bathroom 2 Area: 44
  • Bathroom 2 Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
  • Room Dining Room Features: Cathedral Ceiling(s), Ceiling Fan(s), Beamed Ceilings, Flooring - Hardwood
  • Room Dining Room Level: Main
  • Room Kitchen Level: Main
  • Room Kitchen Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Stainless Steel Appliances, Storage, Peninsula, Lighting - Pendant
  • Room Kitchen Area: 143
  • Laundry Features: Electric Dryer Hookup, Washer Hookup, Fourth Floor, In Unit
  • Room Living Room Level: Main
  • Room Living Room Area: 420
  • Room Living Room Features: Cathedral Ceiling(s), Ceiling Fan(s), Beamed Ceilings, Flooring - Hardwood, Cable Hookup
  • Room Office Level: Fourth Floor
  • Room Office Area: 161
  • Room Office Features: Flooring - Wood, High Speed Internet Hookup, Lighting - Pendant
  • Accessibility Features: No
  • Living Area: 1825
  • Other Equipment: Intercom
  • Stories Total: 2
  • Window Features: Storm Window(s)
  • MAIN LO: BB5918
  • LIST PRICE PER Sq Ft: 300.82
  • PRICE PER Sq Ft: 295.89
  • MAIN SO: AN1584

Exterior Features

  • Exterior Features: Garden, Rain Gutters, Professional Landscaping, Sprinkler System
  • Common Walls: No One Above, Corner
  • Construction Materials: Brick
  • Fencing: Security, Fenced
  • Home Warranty YN: No
  • Roof: Slate, Rubber
  • View: City
  • View YN: Yes
  • Waterfront Features: Beach Front, Harbor, Ocean, Direct Access, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Deeded, Common, Guest, Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven, for Gas Dryer, for Electric Dryer, Washer Hookup
  • Cooling: Central Air, Heat Pump, Individual, Unit Control
  • Heating: Central, Forced Air, Heat Pump, Electric, Individual, Unit Control
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public
  • SEWAGE DISTRICT: Essex
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Amenities: Hot Water, Laundry, Park, Recreation Facilities, Storage
  • Association Fee: 419
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Conservation Area, House of Worship, Private School, Public School, T-Station
  • Senior Community YN: No
  • UNIT BUILDING: 304
  • MANAGEMENT: Professional - Off Site, Owner Association

Fee Information

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

Lot Info

  • Parcel Number: M:25 L:0104 S:828,2131452
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 470
  • OUTDOOR SPACE AVAILABLE: Yes - Common

Rental Info

  • Pets Allowed: Breed Restrictions

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5917
  • Tax Book Number: 37639

Multi Family

  • Number Of Units Total: 28
  • NO UNITS OWNER OCC: 25

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2022
Sold by
Cinque Michael G
Bought by
5 Families Llc
Current Estimated Value
$672,970

Purchase Details

Listed on
Jul 6, 2021
Closed on
Sep 27, 2021
Sold by
Arillo Jesus E and Johnson Fred G
Bought by
Cinque Michael G
Seller's Agent
David Ashton
Gibson Sotheby's International Realty
Buyer's Agent
Sue Hawkes
The Collaborative Companies
List Price
$575,000
Sold Price
$540,000
Premium/Discount to List
-$35,000
-6.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.97%
Original Mortgage
$486,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 1, 2019
Closed on
May 24, 2019
Sold by
Kitzmiller David E and Kitzmiller Deborah J
Bought by
Ponce-Arillo Jesus E and Johnson Fred G
Seller's Agent
Shari McStay
Keller Williams Realty Evolution
Buyer's Agent
Jenny May
J. Barrett & Company
List Price
$439,900
Sold Price
$449,000
Premium/Discount to List
$9,100
2.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.59%
Original Mortgage
$381,650
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 1999
Sold by
Moser Richard H
Bought by
Kitzmiller Deborah J and Kitzmiller David E

Purchase Details

Closed on
Feb 1, 1994
Sold by
Brachanow Frank and Brachanow Barbara
Bought by
Moser Richard H

Purchase Details

Closed on
Mar 25, 1993
Sold by
Shawmut Bk Na
Bought by
Brachanow Frank and Brachanow Stevens-Brachanow B
Source: Public Records

Range of Values:

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Average Value
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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
5 Families Llc -- None Available
Cinque Michael G $540,000 None Available
Ponce-Arillo Jesus E $449,000 --
Kitzmiller Deborah J $184,000 --
Moser Richard H $65,000 --
Brachanow Frank $43,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cinque Michael G $486,000
Previous Owner Ponce-Arillo Jesus E $380,000
Previous Owner Ponce-Arillo Jesus E $381,650
Previous Owner Kitzmiller David E $50,000
Previous Owner Brachanow Frank $225,000
Previous Owner Brachanow Frank $232,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2021 09/27/21 Sold $540,000 -1.6% $296 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/27/2021 07/27/21 Price Changed $549,000 -4.5% $301 / Sq Ft
07/06/2021 07/06/21 For Sale $575,000 +28.1% $315 / Sq Ft
07/02/2019 07/02/19 Sold $449,000 +2.1% $246 / Sq Ft
05/07/2019 05/07/19 Pending -- -- --
05/01/2019 05/01/19 For Sale $439,900 -- $241 / 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 $6,768 $596,800 $0 $596,800
2024 $6,729 $579,100 $0 $579,100
2023 $6,423 $513,400 $0 $513,400
2022 $6,043 $456,100 $0 $456,100
2021 $5,917 $428,800 $0 $428,800
2020 $5,524 $382,300 $0 $382,300
2019 $5,371 $355,700 $0 $355,700
2018 $4,968 $323,600 $0 $323,600
2017 $4,885 $308,000 $0 $308,000
2016 $4,692 $299,400 $0 $299,400
2015 $4,628 $282,000 $0 $282,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72860318

MLS Property Information Network (MLS PIN)

APN: SALE-000025-000000-000104-000828-000828