NOT LISTED FOR SALE

40 Hanson St Unit 1 Salem, MA 01970

Gallows Hill Neighborhood

Estimated Value: $497,000 - $543,000

3 Beds
2 Baths
1,160 Sq Ft
$140/mo HOA Fee

Last Sold December 30, 2021

Last sale price $449,000 $387 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,293/month

13 Days on Market

About This Home

As of December 2021

Stunning 2018 condo conversion located in quiet, family friendly neighborhood overlooking scenic Gallows Hill Park. This beautifully remodeled 3 bedroom condominium features an open and contemporary kitchen design, including stainless steel appliances, gas cooking, quartz countertops with breakfast bar, and soft closed cabinets. Extremely spacious master bedroom with walk-in closet and en suite bathroom, highlighted by a double vanity and an oversized walk-in shower. High ceilings and hardwood floors throughout. 3 year old roof and systems will give comfort to the next owner to move right in without worry. Central air and in-unit laundry complete this wonderful home. Parents and dog owners alike will absolutely love having an amazing park right at their doorstep. Or simply enjoy morning coffee and the views from the front porch. One deeded parking space and enormous private storage in basement. Just a 10 minute bike ride to historic Salem center and easy access to the highway.

Last Agent to Sell the Property

Josh Drawas

Compass Listed on: 11/17/2021

Compass

Last Buyer's Agent

Allison Campbell

J. Barrett & Company License #454008569

Property Details

Home Type

Condominium

Year Built

1915

Lot Details

0

HOA Fees

$140 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • Directions: Off of Boston Street and at corner of South Street
  • Garage Yn: No
  • Structure Type: 2/3 Family
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1915

Interior Features

  • Appliances: Range,Oven,Dishwasher,Disposal,Microwave,Refrigerator,Freezer,Washer,Dryer
  • Master Bathroom Features: Yes
  • MAIN LO: AN2383
  • MAIN SO: C95243
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Stories: 1

Exterior Features

  • Disclosures: Minor Seepage In Basement On Two Events During 3+ Years Ownership, Due To Very Heavy Rain Storms.
  • Exclusions: White Curtains And Gold Curtain Rods In Nursery.
  • Patio And Porch Features: Porch, Covered
  • Waterfront: No

Garage/Parking

  • Parking Features: Deeded
  • Total Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 140
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Electricity, Water, Sewer, Insurance

Lot Info

  • Farm Land Area Units: Square Feet
  • Zoning: RES

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4693.38
  • Tax Book Number: 999
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2021
Closed on
Dec 30, 2021
Sold by
Blieden Benjamin and Blieden Dorie
Bought by
Campbell Allison M and Likaj Brion
Seller's Agent
Josh Drawas
Compass
Buyer's Agent
Allison Campbell
J. Barrett & Company
List Price
$449,000
Sold Price
$449,000
Current Estimated Value
$517,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,302
Avg. Annual Appreciation
3.66%
Original Mortgage
$426,550
Outstanding Balance
$393,119
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$124,183

Purchase Details

Listed on
Sep 23, 2018
Closed on
Jan 23, 2019
Sold by
Jdr Realty Investments
Bought by
Blieden Benjamin and Neely Dorie
Seller's Agent
Candice Hodgson
Lyv Realty
Buyer's Agent
Josh Drawas
Compass
List Price
$382,495
Sold Price
$390,000
Premium/Discount to List
$7,505
1.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.93%
Original Mortgage
$290,000
Interest Rate
4.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Campbell Allison M $449,000 None Available
Blieden Benjamin $390,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Campbell Allison M $426,550
Previous Owner Blieden Benjamin $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2021 12/30/21 Sold $449,000 0.0% $387 / Sq Ft
12/01/2021 12/01/21 Pending -- -- --
11/17/2021 11/17/21 For Sale $449,000 +15.1% $387 / Sq Ft
01/25/2019 01/25/19 Sold $390,000 +2.0% $336 / Sq Ft View Prior Sale
12/07/2018 12/07/18 Pending -- -- --
11/26/2018 11/26/18 For Sale $382,495 0.0% $330 / Sq Ft
11/25/2018 11/25/18 Pending -- -- --
11/15/2018 11/15/18 Price Changed $382,495 -0.6% $330 / Sq Ft
11/01/2018 11/01/18 For Sale $384,995 0.0% $332 / Sq Ft
09/24/2018 09/24/18 Pending -- -- --
09/23/2018 09/23/18 For Sale $384,995 -- $332 / 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 $5,281 $465,700 $0 $465,700
2024 $5,209 $448,300 $0 $448,300
2023 $4,993 $399,100 $0 $399,100
2022 $4,769 $359,900 $0 $359,900
2021 $4,693 $340,100 $0 $340,100
2020 $4,469 $309,300 $0 $309,300
Source: Public Records

Agents Affiliated with this Home

  • Josh Drawas

    Seller's Agent in 2021

    Josh Drawas

    Compass

    (617) 212-1188

    1 in this area

    47 Total Sales

    Josh Drawas
    Section Image

  • A

    Buyer's Agent in 2021

    Allison Campbell

    J. Barrett & Company

  • Candice Hodgson

    Seller's Agent in 2019

    Candice Hodgson

    Lyv Realty

    (978) 979-9964

    178 Total Sales

    Candice Hodgson
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72920867

MLS Property Information Network (MLS PIN)

APN: 15-0258-801

Massachusetts Essex County Salem 01970 Gallows Hill

40 Hanson St Unit 1, Salem, MA

Not Listed for Sale

Condos

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