NOT LISTED FOR SALE

421 Essex St Unit 1 Salem, MA 01970

Chestnut Street Neighborhood

Estimated Value: $454,000 - $546,000

2 Beds
1 Bath
1,186 Sq Ft
7,231 Sq Ft Lot

Last Sold November 26, 2019

Last sale price $350,000 $295 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $3,205/month

76 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 2-minute walk to Splaine Park

About This Home

As of November 2019

The 421 Essex Street Condominium is Federalist style three¬family brick residence in Salem's McIntire Historic District. Inside and out, entire building has been painstakingly renovated. Although exterior retains the charm of yesteryear, the interior and mechanicals are all new or renovated in 2008. Unit 2 is under agreement. We are now offering Unit 1 on the first floor. Kitchen has granite countertops, shaker¬style oak cabinets and ceramic tile mosaics with washer/dryer. Bathroom has contemporary vessel-style sink, maple cabinetry with detailed ceramic tile. Oak floors and crown molding throughout. Lighting, plumbing, electrical, gas, central air all new in 2008. Living room (13X12) with fireplace. Dining room (17X10). Bedrooms (13X11 and 14X12) are roomy. Closets galore. Over 100 sq ft of storage area in basement. Private deck off bedroom. Off street parking for 2 cars. Building becomes a condominium with first closing (8/23/19). Estimated unit taxes: $5,406/yr.

Last Agent to Sell the Property

Jorge Zea

Jorge Andres Zea Listed on: 08/13/2019

Last Buyer's Agent

Andrea Bennett

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,140

Year Built

  • Built in 1920

Lot Details

  • 7,231

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Floor Furnace
  • Heating System Uses Gas
  • Individual Controls for Heating
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Basement

Community Details

  • Call for details about the types of pets allowed

Listing and Financial Details

  • Assessor Parcel Number M:25 L:0192

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,140

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: 2/3 Family
  • Year Built Description: Approximate, Renovated Since
  • List Price Per Sq Ft: 301.85
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1920
  • Lead Paint: Unknown
  • Unit Building: 1
  • Unit Level: 1
  • Unit Placement: Street, Front
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1920

Interior Features

  • Fireplaces: 1
  • Flooring: Wood, Tile
  • Interior Amenities: Cable Available
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • No Bedrooms: 2
  • Full Bathrooms: 1
  • No Rooms: 5
  • Basement: Y
  • No Living Levels: 1
  • Main Lo: AN3096
  • Main So: NB9147
  • Estimated Sq Ft: 1186.00

Exterior Features

  • Beachfront Flag: Yes
  • Roof Material: Slate
  • Exterior: Brick
  • Insulation Feature: Partial, Fiberglass, Unknown
  • Exterior Unit Features: Porch, Deck, Deck - Wood, Covered Patio/Deck, Fenced Yard, Screens, Gutters, Professional Landscaping

Garage/Parking

  • Parking Feature: Off-Street, On Street Permit, Assigned, Paved Driveway
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Central Air, Individual, Unit Control
  • Heating: Forced Air, Gas, Individual, Floor Furnace
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • HOA Fees: 400.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Road Maintenance, Landscaping, Snow Removal, Refuse Removal, Garden Area, Reserve Funds
  • Condo Association: Yes
  • Association Security: Fenced
  • Management: Owner Association

Lot Info

  • Assessments: 678200.00
  • Page: 468
  • Parcel Number: M:25 L:0192
  • Zoning: R2

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 10241.00
  • Assessor Parcel Number: 4131344

Multi Family

  • No Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2019
Closed on
Nov 26, 2019
Sold by
Balich George T and Balich Paulette M
Bought by
Kane Brian M and Kane Bridget M
Seller's Agent
Jorge Zea
Jorge Andres Zea
Buyer's Agent
Andrea Bennett
William Raveis R.E. & Home Services
List Price
$358,000
Sold Price
$350,000
Premium/Discount to List
-$8,000
-2.23%
Current Estimated Value
$502,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,893
Avg. Annual Appreciation
6.34%
Original Mortgage
$339,500
Outstanding Balance
$300,676
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$194,477
Source: Public Records

Range of Values:

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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
Kane Brian M $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kane Brian M $339,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2019 11/26/19 Sold $350,000 -2.2% $295 / Sq Ft
10/28/2019 10/28/19 Pending -- -- --
08/29/2019 08/29/19 Price Changed $358,000 0.0% $302 / Sq Ft
08/29/2019 08/29/19 For Sale $358,000 0.0% $302 / Sq Ft
08/13/2019 08/13/19 For Sale $358,000 -- $302 / 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 $5,140 $453,300 $0 $453,300
2024 $5,000 $430,300 $0 $430,300
2023 $4,923 $393,500 $0 $393,500
2022 $4,769 $359,900 $0 $359,900
2021 $4,692 $340,000 $0 $340,000
Source: Public Records

Agents Affiliated with this Home

  • Jorge Zea

    Seller's Agent in 2019

    Jorge Zea

    Jorge Andres Zea

    (855) 550-0528

    1,446 Total Sales

    Jorge Zea
    Section Image
  • Andrea Bennett

    Buyer's Agent in 2019

    Andrea Bennett

    William Raveis R.E. & Home Services

    (978) 578-5024

    3 in this area

    51 Total Sales

    Andrea Bennett
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72548935

MLS Property Information Network (MLS PIN)

APN: 25-0192-801

Massachusetts Essex County Salem 01970 Chestnut Street

421 Essex St Unit 1, Salem, MA

This home is located at 421 Essex St Unit 1, Salem, MA 01970 since 13 August 2019 and is currently estimated at $502,893, approximately $424 per square foot. This property was built in 1920. 421 Essex St Unit 1 is a home located in Essex County with nearby schools including Horace Mann Laboratory, Saltonstall School, and Witchcraft Heights Elementary School.

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MLS Property Information Network (MLS PIN) 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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