L
Seller's Agent in 2021
Lubeck Rausch Team
William Raveis R.E. & Home Services
(781) 631-1199
1 in this area
22 Total Sales
42 Cabot St Unit 3 Salem, MA 01970
South Salem NeighborhoodEstimated Value: $353,000 - $424,000
2
Beds
1
Bath
775
Sq Ft
$225/mo
HOA Fee
About This Home
As of May 2021Beautiful 2-bedroom penthouse condominium in an ideal location within close proximity to the commuter rail, Salem State and all that Downtown Salem has to offer! This turn-key home has been freshly painted throughout & renovated with granite counters, new lighting, and many other updates! The space is flooded with sunlight & has gleaming hardwood floors. The layout features 2 equal size bedrooms on opposite sides of the home which allows for privacy and quiet space for working at home. There is an abundance of closet space and laundry & storage in the basement. If that's not enough, there is also 1-car parking and a shared, fenced yard. New washer & dryer, roof & front porch in 2021. Stop paying rent and start building equity! Don't miss out on this move-in ready home in a fabulous location! 100% owner occupied and pet-friendly. Showings by appointment starting on Friday, 4-6pm, Saturday 12-2 & Sunday 12-2. First offer review on Monday 4/12 at 3pm.
Last Agent to Sell the Property
William Raveis R.E. & Home Services Listed on: 04/08/2021
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,930
Year Built
- Built in 1917
Lot Details
- 3,920
HOA Fees
- $225 per month
Flooring
- Wood
- Tile
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Individual Controls for Heating
- Natural Gas Water Heater
- Cable TV Available
Additional Features
- Range
- Washer
- Year Round Access
- Basement
Community Details
- Call for details about the types of pets allowed
Listing and Financial Details
- Assessor Parcel Number M:33 L:0171 S:803
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 8, 2021
Closed on
May 14, 2021
Sold by
Rausch Abigail E and Rausch Lawrence A
Bought by
Clang Kevin P
Seller's Agent
Lubeck Rausch Team
William Raveis R.E. & Home Services
Buyer's Agent
Team Lillian Montalto
Lillian Montalto Signature Properties
List Price
$285,000
Sold Price
$335,000
Premium/Discount to List
$50,000
17.54%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,560
Avg. Annual Appreciation
3.50%
Original Mortgage
$301,500
Outstanding Balance
$273,234
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$117,326
Purchase Details
Listed on
Sep 30, 2013
Closed on
Jan 14, 2014
Sold by
Jp Morgan Chase Bank N
Bought by
Rausch Lawrence A
Seller's Agent
Brian Gagnon
Coldwell Banker Realty - Boston
Buyer's Agent
Kate Richard
J. Barrett & Company
List Price
$99,000
Sold Price
$96,000
Premium/Discount to List
-$3,000
-3.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.59%
Original Mortgage
$76,800
Interest Rate
4.29%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 31, 2013
Sold by
Trussell Steve
Bought by
Jp Morgan Chase Bank N
Purchase Details
Closed on
Apr 22, 2008
Sold by
Carolan Crystal John
Bought by
Trussell Steve
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,915
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 31, 2006
Sold by
Cabot Street Project L
Bought by
Carolan Crystal John
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,900
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Clang Kevin P | $335,000 | None Available | |
| Rausch Lawrence A | $96,000 | -- | |
| Jp Morgan Chase Bank N | $97,524 | -- | |
| Trussell Steve | $399,000 | -- | |
| Carolan Crystal John | $319,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Clang Kevin P | $301,500 | |
| Previous Owner | Rausch Lawrence A | $76,800 | |
| Previous Owner | Carolan Crystal John | $339,915 | |
| Previous Owner | Carolan Crystal John | $255,900 | |
| Previous Owner | Carolan Crystal John | $64,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/14/2021 05/14/21 | Sold | $335,000 | +17.5% | $432 / Sq Ft | |
| 04/15/2021 04/15/21 | Pending | -- | -- | -- | |
| 04/08/2021 04/08/21 | For Sale | $285,000 | +196.9% | $368 / Sq Ft | |
| 01/14/2014 01/14/14 | Sold | $96,000 | 0.0% | $132 / Sq Ft | View Prior Sale |
| 11/08/2013 11/08/13 | Pending | -- | -- | -- | |
| 10/24/2013 10/24/13 | Off Market | $96,000 | -- | -- | |
| 09/30/2013 09/30/13 | For Sale | $99,000 | -- | $136 / 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 | $3,930 | $346,600 | $0 | $346,600 |
| 2024 | $3,839 | $330,400 | $0 | $330,400 |
| 2023 | $3,619 | $289,300 | $0 | $289,300 |
| 2022 | $3,118 | $235,300 | $0 | $235,300 |
| 2021 | $3,015 | $218,500 | $0 | $218,500 |
| 2020 | $2,955 | $204,500 | $0 | $204,500 |
| 2019 | $2,809 | $186,000 | $0 | $186,000 |
| 2018 | $2,610 | $169,700 | $0 | $169,700 |
| 2017 | $2,561 | $161,500 | $0 | $161,500 |
| 2016 | $2,423 | $154,600 | $0 | $154,600 |
| 2015 | $2,425 | $147,800 | $0 | $147,800 |
Source: Public Records
Agents Affiliated with this Home
-
Lubeck Rausch Team
-
Team Lillian Montalto
Buyer's Agent in 2021
Team Lillian Montalto
Lillian Montalto Signature Properties
(978) 815-6301
13 in this area
1,007 Total Sales
-
Brian Gagnon
Seller's Agent in 2014
Brian Gagnon
Coldwell Banker Realty - Boston
(617) 733-3983
55 Total Sales
-
Kate Richard
Buyer's Agent in 2014
Kate Richard
J. Barrett & Company
(978) 252-0322
5 in this area
62 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72811932
APN: SALE-000033-000000-000171-000803-000803
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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