375 Lafayette St Unit 2 Salem, MA 01970
South Salem NeighborhoodEstimated Value: $683,000 - $965,000
5
Beds
2
Baths
3,539
Sq Ft
$450/mo
HOA Fee
Highlights
- Wood Flooring
- Bathtub with Shower
- Dining Area
About This Home
As of January 2022A UNIQUE OPPORTUNITY...a TWO FAMILY CONDO UNIT!! Located in the much sought after Osgood Park neighborhood, this beautiful condominium is a legally deeded two apartment unit. Enjoy the benefits of owning a 2 family without the hassle of exterior maintenance. Great for owner occupancy with a rent to help with the mortgage, investment, or for development. The apartment on the second floor boasts over 2,000 sf of living space with spacious rooms, a working fireplace and hardwood floors throughout, It is currently being used as a 3 bedroom apartment and has exclusive use of of the rear deck, a one car garage and 2 off street parking spaces. The 3rd floor apartment is a large 2 BR unit with plenty of character, exclusive use of the front deck and one off street parking spot. The property is conveniently located across from Salem State University. Best of all, membership in the Osgood Park Neighborhood Association gives you use of one of Salem's hidden gems, Osgood Park.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,946
Year Built
- 1910
Lot Details
- 6,098
HOA Fees
- $450 per month
Parking
- 1
Interior Spaces
- Dining Area
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- Primary bedroom located on second floor
- Bathtub with Shower
- Linen Closet In Bathroom
Utilities
- 2 Heating Zones
- Cable TV Available
Community Details
- Common Area
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 26, 2021
Closed on
Jan 10, 2022
Sold by
Pray Sean
Bought by
Dawe Matthew
Seller's Agent
John Papanastasiou
Clements Realty Group
Buyer's Agent
Hans Nagrath
Compass
Sold Price
$600,000
Total Days on Market
16
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,170
Avg. Annual Appreciation
7.98%
Original Mortgage
$400,000
Outstanding Balance
$375,395
Interest Rate
3.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$404,253
Purchase Details
Closed on
Sep 5, 2001
Sold by
375 Lafayette St Rt
Bought by
Smith Richard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,320
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Salem, MA
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dawe Matthew | $600,000 | None Available | |
| Smith Richard | $337,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dawe Matthew | $400,000 | |
| Previous Owner | Smith Richard | $237,500 | |
| Previous Owner | Smith Richard | $50,000 | |
| Previous Owner | Smith Richard | $200,000 | |
| Previous Owner | Smith Richard | $270,320 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/10/2022 01/10/22 | Sold | $600,000 | -11.1% | $170 / Sq Ft |
| 11/12/2021 11/12/21 | Pending | -- | -- | -- |
| 11/09/2021 11/09/21 | For Sale | -- | -- | -- |
| 11/08/2021 11/08/21 | Pending | -- | -- | -- |
| 10/26/2021 10/26/21 | For Sale | $675,000 | 0.0% | $191 / Sq Ft |
| 01/01/2015 01/01/15 | Rented | $2,200 | 0.0% | -- |
| 12/02/2014 12/02/14 | Under Contract | -- | -- | -- |
| 11/19/2014 11/19/14 | For Rent | $2,200 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $6,946 | $612,500 | $0 | $612,500 |
| 2024 | $6,873 | $591,500 | $0 | $591,500 |
| 2023 | $8,123 | $649,300 | $0 | $649,300 |
| 2022 | $8,770 | $661,900 | $0 | $661,900 |
| 2021 | $8,632 | $625,500 | $0 | $625,500 |
| 2020 | $8,515 | $589,300 | $0 | $589,300 |
| 2019 | $8,074 | $534,700 | $0 | $534,700 |
| 2018 | $7,290 | $474,000 | $0 | $474,000 |
| 2017 | $7,135 | $449,900 | $0 | $449,900 |
| 2016 | $6,567 | $419,100 | $0 | $419,100 |
| 2015 | $7,133 | $434,700 | $0 | $434,700 |
Source: Public Records
Agents Affiliated with this Home
-
John Papanastasiou
J
Seller's Agent in 2022
John Papanastasiou
Clements Realty Group
2 in this area
2 Total Sales
-
Hans Nagrath
Buyer's Agent in 2022
Hans Nagrath
Compass
(646) 577-1294
1 in this area
148 Total Sales
-
Devin Caglayan
Seller's Agent in 2015
Devin Caglayan
All County Select Property Management
(978) 704-8200
5 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72913064
APN: SALE-000032-000000-000417-000802-000802
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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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