NOT LISTED FOR SALE

4 Herbert St Unit 2 Salem, MA 01970

Derby Street Neighborhood

Estimated Value: $429,000 - $482,000

1 Bed
1 Bath
853 Sq Ft
1,742 Sq Ft Lot

Last Sold July 31, 2015

Last sale price $171,000 $200 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $2,922/month

49 Days on Market

About This Home

As of July 2015

***MULTIPLE OFFER NOTIFICATION!! PLEASE SUBMIT ALL FINAL, HIGHEST AND BEST OFFERS BY 5PM TOMORROW, TUESDAY, JUNE 23, 2015!!!*** Great location! This cozy one bedroom unit is located in historic downtown Salem and close to public transportation and Salem Commons. The home has been recently renovated and features granite countertops and wood flooring. The unit affords a large kitchen, living room with fireplace, potential for two bedrooms and a full bathroom. Great mix of historic charm and modern convenience. With a little elbow grease, this unit could really shine. In-unit laundry! Off-street parking! Commuter's dream! Close to a ton of restaurants, stores, historical activities and more. Come see what makes Salem a great place to live!

Last Listed By

Matthew Newhall

Century 21 Tradition - Georgetown License #454004906 Listed on: 05/18/2015

Century 21 Tradition - Georgetown

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,569

Year Built

1850

Lot Details

0

Listing Details

  • Unit Level: 2
  • Unit Placement: Middle
  • Other Agent: 2.50
  • Special Features: 20
  • Property Sub Type: Condos
  • Year Built: 1850

Interior Features

  • Appliances: Microwave, Washer, Dryer
  • Fireplaces: 1
  • Has Basement: No
  • Fireplaces: 1
  • Number of Rooms: 4
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, House of Worship, Marina, Private School, Public School, T-Station, University
  • Flooring: Wood, Wall to Wall Carpet
  • Bathroom #1: Second Floor
  • Kitchen: Second Floor
  • Laundry Room: Second Floor
  • Living Room: Second Floor
  • Master Bedroom: Second Floor

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Shingles, Wood
  • Exterior Unit Features: Deck, Patio

Garage/Parking

  • Parking: Off-Street
  • Parking Spaces: 1

Utilities

  • Cooling: None
  • Heating: Hot Water Baseboard, Gas

Condo/Co-op/Association

  • Association Fee Includes: Water, Sewer, Master Insurance
  • Association Pool: No
  • Management: Owner Association
  • Pets Allowed: Unknown
  • No Units: 3
  • Unit Building: 2

Lot Info

  • Assessor Parcel Number: M:35 L:0300 S:802

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2015
Sold by
Cruger Christopher W and Cruger Chris
Bought by
Cwt Rt
Total Days on Market
49
Current Estimated Value
$454,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Outstanding Balance
$205,684
Interest Rate
3.99%
Mortgage Type
Commercial
Estimated Equity
$241,357

Purchase Details

Listed on
May 18, 2015
Closed on
Sep 14, 2015
Sold by
Cruger Christopher W and Cruger Chris
Bought by
Cwt Nt
Seller's Agent
Matthew Newhall
Century 21 Tradition - Georgetown
Buyer's Agent
Team Harborside
Sagan Harborside Sotheby's International Realty
List Price
$183,500
Sold Price
$171,000
Premium/Discount to List
-$12,500
-6.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.27%
Original Mortgage
$255,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Listed on
May 18, 2015
Closed on
Jul 31, 2015
Sold by
Us Bank Na Tr
Bought by
Cruger Chris
Seller's Agent
Matthew Newhall
Century 21 Tradition - Georgetown
Buyer's Agent
Team Harborside
Sagan Harborside Sotheby's International Realty
List Price
$183,500
Sold Price
$171,000
Premium/Discount to List
-$12,500
-6.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Listed on
May 18, 2015
Closed on
Jun 23, 2015
Sold by
Lobie George P
Bought by
Us Bank Na Tr
Seller's Agent
Matthew Newhall
Century 21 Tradition - Georgetown
Buyer's Agent
Team Harborside
Sagan Harborside Sotheby's International Realty
List Price
$183,500
Sold Price
$171,000
Premium/Discount to List
-$12,500
-6.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
May 8, 2003
Sold by
Barrowclough Prop Llc
Bought by
Lobie George P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,800
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
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 -- --
Cwt Nt -- --
Cruger Chris $171,000 --
Us Bank Na Tr $186,340 --
Lobie George P $244,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cwt Rt $255,000
Previous Owner Cruger Chris $255,000
Previous Owner Lobie George P $295,000
Previous Owner Lobie George P $259,500
Previous Owner Lobie George P $231,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2015 07/31/15 Sold $171,000 0.0% $200 / Sq Ft
07/06/2015 07/06/15 Pending -- -- --
06/25/2015 06/25/15 Off Market $171,000 -- --
06/15/2015 06/15/15 Price Changed $174,900 -4.7% $205 / Sq Ft
05/18/2015 05/18/15 For Sale $183,500 -- $215 / 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 $4,569 $402,900 $0 $402,900
2024 $4,785 $411,800 $0 $411,800
2023 $4,561 $364,600 $0 $364,600
2022 $4,435 $334,700 $0 $334,700
2021 $4,364 $316,200 $0 $316,200
2020 $4,277 $296,000 $0 $296,000
2019 $4,065 $269,200 $0 $269,200
2018 $3,779 $245,700 $0 $245,700
2017 $3,730 $235,200 $0 $235,200
2016 $3,529 $225,200 $0 $225,200
2015 $3,531 $215,200 $0 $215,200
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Matthew Newhall

    Century 21 Tradition - Georgetown

    (978) 352-5290

    Section Image

  • T

    Buyer's Agent in 2015

    Team Harborside

    Sagan Harborside Sotheby's International Realty

    (617) 816-1909

    1 in this area

    145 Total Sales

    Team Harborside
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71839588

MLS Property Information Network (MLS PIN)

APN: SALE-000035-000000-000300-000802-000802

Massachusetts Essex County Salem 01970 Derby Street

4 Herbert St Unit 2, Salem, MA

Homes for Sale in Salem, MA

This home is located at 4 Herbert St Unit 2, Salem, MA 01970 since 18 May 2015 and is currently estimated at $454,004, approximately $532 per square foot. This property was built in 1850. 4 Herbert St Unit 2 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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