NOT LISTED FOR SALE

414 Lafayette St Salem, MA 01970

South Salem Neighborhood

Estimated Value: $999,172 - $1,299,000

6 Beds
2 Baths
2,794 Sq Ft
$408/Sq Ft Est. Value

Last Sold July 12, 2013

Last sale price $300,000 $107 Per Sq Ft

Est. 272% increase in value since last sale

Current estimated payment $6,732/month

40 Days on Market

About This Home

As of July 2013

HIGHEST & BEST by 4:50 pm on 5/7/2013.Wonderful opportunity to own property near University and Salem Harbor. This big 2 family offers Victorian features that needs your special attention, come see! This property is approved for Hompath Renovation Financing. Seller requests ALL OFFERS BE SUBMITTED AT THEIR ONLINE SITE; SEE FIRM REMARKS AND DOCUMENT ATTACHED. Seller's First Look Program is for Owner Occupants and NSP buyers only thru May 18, 2013.

Last Agent to Sell the Property

Elizabeth Wood

Tache Real Estate, Inc. Listed on: 05/03/2013

Last Buyer's Agent

Mindy Reichman

Coldwell Banker Realty - Marblehead

Coldwell Banker Realty - Marblehead

Property Details

Home Type

Multi-Family

Year Built

1880

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Other (See Remarks)
  • Other Agent: 3.00
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1880

Interior Features

  • Fireplaces: 2
  • Has Basement: Yes
  • Fireplaces: 2
  • Number of Rooms: 10
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Public School, University
  • Electric: Circuit Breakers

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Foundation: Fieldstone

Garage/Parking

  • Garage Spaces: 1
  • Parking: Off-Street
  • Parking Spaces: 2

Lot Info

  • Assessor Parcel Number: M:32 L:0169

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2013
Closed on
Jul 12, 2013
Sold by
Fnma
Bought by
Keane Matthew
Seller's Agent
Elizabeth Wood
Tache Real Estate, Inc.
Buyer's Agent
Mindy Reichman
Coldwell Banker Realty - Marblehead
List Price
$276,000
Sold Price
$300,000
Premium/Discount to List
$24,000
8.7%
Current Estimated Value
$1,114,914

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$814,914
Avg. Annual Appreciation
11.34%
Original Mortgage
$240,000
Outstanding Balance
$173,849
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$965,944

Purchase Details

Closed on
Nov 7, 1997
Sold by
Ryan Roger and Ryan Roger
Bought by
Kosofsky Benjamin and Kosofsky Sheila
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
Keane Matthew $300,000 --
Kosofsky Benjamin $176,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kosofsky Benjamin $92,407
Open Kosofsky Benjamin $240,000
Closed Kosofsky Benjamin $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2013 07/12/13 Sold $300,000 +8.7% $107 / Sq Ft
06/12/2013 06/12/13 Pending -- -- --
05/03/2013 05/03/13 For Sale $276,000 -- $99 / 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 $10,418 $918,700 $214,500 $704,200
2024 $9,540 $821,000 $204,700 $616,300
2023 $9,072 $725,200 $188,500 $536,700
2022 $8,952 $675,600 $175,500 $500,100
2021 $8,533 $618,300 $169,000 $449,300
2020 $6,780 $469,200 $163,800 $305,400
2019 $6,482 $429,300 $159,100 $270,200
2018 $5,592 $363,600 $148,900 $214,700
2017 $5,147 $324,500 $123,500 $201,000
2016 $4,994 $318,700 $117,700 $201,000
2015 $5,003 $304,900 $117,700 $187,200
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2013

    Elizabeth Wood

    Tache Real Estate, Inc.

    (351) 201-0512

    4 Total Sales

    Elizabeth Wood
    Section Image

  • M

    Buyer's Agent in 2013

    Mindy Reichman

    Coldwell Banker Realty - Marblehead

    (978) 745-2004

    1 in this area

    21 Total Sales

    Mindy Reichman
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71519526

MLS Property Information Network (MLS PIN)

APN: SALE-000032-000000-000169

Massachusetts Essex County Salem 01970 South Salem

414 Lafayette St, Salem, MA

Not Listed for Sale

MultiFamily

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