NOT LISTED FOR SALE

Estimated Value: $387,798 - $417,000

1 Bed
1 Bath
560 Sq Ft
$170/mo HOA Fee

Last Sold September 02, 2021

Last sale price $351,000 $627 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,654/month

3 Days on Market

Highlights

  • Wood Flooring
  • Beamed Ceilings
  • Recessed Lighting
  • Solid Surface Countertops
  • Bay Window
  • 2-minute walk to Swiniuch Park

About This Home

As of September 2021

Adorable harborside one-bedroom condo located on the first floor of a Georgian-style home dating to 1782, this property is a true blend of historic charm and modern amenities. This condo features exposed beams, Brazilian cherry floors, two fireplaces, an updated kitchen with stainless steel appliances, central air conditioning, and in-unit laundry. Enjoy the seaside breezes on the front porch or private back deck. This unit is located on a side street mere moments from the Salem Ferry, in the heart of the vibrant Historic Derby Street Neighborhood with many restaurants and cultural sights at your doorstep. Offers if any due on Monday, July 26 at 5 PM. Seller reserves the right to accept an offer prior to the deadline.

Last Agent to Sell the Property

Melissa Weinand

William Raveis R.E. & Home Services Listed on: 07/23/2021

William Raveis R.E. & Home Services

Co-Listed By

Tyson Lynch

The Proper Nest Real Estate

Last Buyer's Agent

Mary Stewart

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,277

Year Built

  • 1850

Lot Details

  • 6,098

HOA Fees

  • $170 per month

Home Design

  • Updated or Remodeled

Interior Spaces

  • Separate Shower
  • Beamed Ceilings
  • Recessed Lighting
  • Light Fixtures
  • Bay Window
  • Solid Surface Countertops

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Utilities

  • 1 Cooling Zone
  • 1 Heating Zone

Community Details

  • Common Area

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,277

Year Built

1850

Lot Details

0

HOA Fees

$170 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • Directions: Derby Street to Blaney Street
  • Garage Yn: No
  • Structure Type: Low-Rise
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1850

Interior Features

  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Dryer, Utility Connections for Electric Dryer
  • Entry Location: Unit Placement(Ground)
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Beamed Ceilings, Flooring - Wall to Wall Carpet
  • Room Master Bedroom Level: First
  • Room Master Bedroom Area: 231
  • Master Bathroom Features: No
  • Bathroom 1 Area: 36.166666
  • Bathroom 1 Features: Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
  • Bathroom 1 Level: First
  • Room Dining Room Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box
  • Room Dining Room Level: First
  • Room Dining Room Area: 18.027777
  • Room Kitchen Level: First
  • Room Kitchen Features: Countertops - Stone/Granite/Solid, Countertops - Upgraded, Exterior Access, Recessed Lighting
  • Room Living Room Level: Main
  • Room Living Room Area: 268.576388
  • Room Living Room Features: Beamed Ceilings, Flooring - Hardwood, Recessed Lighting, Remodeled, Lighting - Overhead
  • MAIN LO: M59500
  • LIST PRICE PER Sq Ft: 533.93
  • PRICE PER Sq Ft: 626.79
  • MAIN SO: AN6181
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: Yes
  • Fireplaces: 2
  • Flooring: Hardwood
  • Stories: 1

Exterior Features

  • Disclosures: Unit Was Rented For Several Years. Seller Has Not Resided In Property For Some Time. Shower Head Leaks; Shower Door In Need Of Repair And Some Tile Work. Seller Offering Up To $750 Towards Buyers Closing Costs. Sold As Is Where Is.
  • Home Warranty: No
  • Patio And Porch Features: Porch, Deck
  • Waterfront Features: Beach Front, Harbor, 1/10 to 3/10 To Beach
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Off Street, Assigned
  • Total Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • HEAT ZONES: 1
  • COOLING ZONES: 1
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating Yn: Yes
  • Laundry Features: First Floor, In Unit, Washer Hookup
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Dryer, for Electric Dryer, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • UNIT BUILDING: 2
  • MANAGEMENT: Owner Association
  • Amenities: Storage
  • Association Fee: 170
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, House of Worship, Marina, T-Station, University
  • Pets Allowed: Yes

Fee Information

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

Lot Info

  • LOT SIZE: 6277
  • PAGE: 220
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 6098.4
  • Zoning: I

Multi Family

  • NO UNITS OWNER OCC: 4
  • Number Of Units Total: 5

Tax Info

  • Tax Annual Amount: 3091
  • Tax Book Number: 27005
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2021
Closed on
Sep 2, 2021
Sold by
Dorsey Jerry and Dorsey Maria
Bought by
Cwt Rt
Seller's Agent
Melissa Weinand
William Raveis R.E. & Home Services
Buyer's Agent
Mary Stewart
Compass
List Price
$299,000
Sold Price
$351,000
Premium/Discount to List
$52,000
17.39%
Current Estimated Value
$402,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,950
Avg. Annual Appreciation
3.74%
Original Mortgage
$263,250
Outstanding Balance
$241,810
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$165,604

Purchase Details

Closed on
Oct 17, 2013
Sold by
Dorsey Maria
Bought by
Dorsey Maria and Dorsey Jerry

Purchase Details

Closed on
Jul 9, 2007
Sold by
4 Blaney Street Salem
Bought by
Castro Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,800
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
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
Cwt Rt $351,000 None Available
Dorsey Maria -- --
Castro Maria $224,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cwt Rt $263,250
Closed Cwt Rt $263,250
Previous Owner Castro Maria $212,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2021 09/02/21 Sold $351,000 +17.4% $627 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $299,000 -- $534 / 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 $4,277 $377,200 $0 $377,200
2024 $4,198 $361,300 $0 $361,300
2023 $3,916 $313,000 $0 $313,000
2022 $3,505 $264,500 $0 $264,500
2021 $3,091 $224,000 $0 $224,000
2020 $3,092 $214,000 $0 $214,000
2019 $3,263 $216,100 $0 $216,100
2018 $3,196 $207,800 $0 $207,800
2017 $3,148 $198,500 $0 $198,500
2016 $3,035 $193,700 $0 $193,700
2015 $3,023 $184,200 $0 $184,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72870855

MLS Property Information Network (MLS PIN)

APN: SALE-000041-000000-000334-000802-000802