38 Ocean Ave Salem, MA 01970
South Salem NeighborhoodEstimated Value: $723,087 - $823,000
3
Beds
1
Bath
1,190
Sq Ft
$655/Sq Ft
Est. Value
Highlights
- Medical Services
- Colonial Architecture
- Property is near public transit
- Waterfront
- Deck
- Wood Flooring
About This Home
As of December 2022Welcome to 38R Ocean Ave where serenity and comfort blend into one cozy home! This turnkey 3BR and 1 BA home in a highly-sought Salem neighborhood offers natural-light filled rooms and charming details throughout. This home welcomes you with a sun-splashed living room, a sweet eat-in kitchen with plenty of storage space, and a dining room that is perfect for holiday dinners and entertaining. Second level offers 3 bedrooms and an updated full bathroom. Enjoy some time on the large deck that overlooks a front yard with enough yard and patio space for outdoor fun galore! This home is located with easy walking distance of the ocean and scenic Forest River Park. New roof (2021), on-demand hot water, and lovely updates throughout. Off street parking is available for rent. Take delight in all that downtown Salem has to offer: nearby restaurants, shops, as well as the Forest River park - this is the home you've been looking for, come and move right in!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,598
Year Built
- Built in 1900
Lot Details
- 2,701 Sq Ft Lot
- Waterfront
- Fenced
- Level Lot
- Garden
- Property is zoned R1
Home Design
- Colonial Architecture
- Stone Foundation
- Shingle Roof
Interior Spaces
- 1,190 Sq Ft Home
- Ceiling Fan
- Bay Window
- Entrance Foyer
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary bedroom located on second floor
- 1 Full Bathroom
- Bathtub with Shower
Laundry
- Dryer
- Washer
Parking
- 1 Car Parking Space
- Leased Parking
- On-Street Parking
- Open Parking
Outdoor Features
- Walking Distance to Water
- Deck
- Patio
- Outdoor Storage
Location
- Property is near public transit
- Property is near schools
Schools
- Saltonstall Elementary School
- Collins Middle School
- Salem High School
Utilities
- Window Unit Cooling System
- 1 Heating Zone
- Heating System Uses Natural Gas
- Natural Gas Connected
Listing and Financial Details
- Assessor Parcel Number M:33 L:0435,2135026
Community Details
Amenities
- Medical Services
Recreation
- Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 14, 2007
Sold by
Nichols Corey L
Bought by
Murphy Mary T
Total Days on Market
6
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 22, 2005
Sold by
Villani Joyce L
Bought by
Nichols Corey L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
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Similar Homes in Salem, MA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Murphy Mary T | -- | -- | |
| Nichols Corey L | $400,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Murphy Mary T | $265,000 | |
| Closed | Nichols Corey L | $288,308 | |
| Closed | Villani Joyce L | $313,700 | |
| Closed | Villani Joyce L | $319,000 | |
| Previous Owner | Villani Joyce L | $320,000 | |
| Previous Owner | Villani Joyce L | $30,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/05/2022 12/05/22 | Sold | $545,000 | +6.9% | $458 / Sq Ft |
| 11/02/2022 11/02/22 | Pending | -- | -- | -- |
| 10/26/2022 10/26/22 | For Sale | $510,000 | -- | $429 / Sq Ft |
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 | $7,370 | $649,900 | $197,700 | $452,200 |
| 2024 | $7,051 | $606,800 | $187,800 | $419,000 |
| 2023 | $6,825 | $545,600 | $173,400 | $372,200 |
| 2022 | $7,030 | $530,600 | $167,600 | $363,000 |
| 2021 | $6,670 | $483,300 | $156,100 | $327,200 |
| 2020 | $6,542 | $452,700 | $147,400 | $305,300 |
| 2019 | $6,476 | $428,900 | $139,900 | $289,000 |
| 2018 | $5,989 | $389,400 | $132,900 | $256,500 |
| 2017 | $5,587 | $352,300 | $112,100 | $240,200 |
| 2016 | $5,439 | $347,100 | $106,900 | $240,200 |
| 2015 | $5,279 | $321,700 | $98,300 | $223,400 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Guilmartin
Seller's Agent in 2022
Ryan Guilmartin
MerryFox Realty
(617) 852-0040
4 in this area
49 Total Sales
-
Christine Cowden
Buyer's Agent in 2022
Christine Cowden
Compass
(617) 429-8877
1 in this area
33 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73052304
APN: SALE-000033-000000-000433
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.
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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