NOT LISTED FOR SALE

434 Essex St Unit 2L Salem, MA 01970

Gallows Hill Neighborhood

Estimated Value: $317,000 - $457,000

2 Beds
1 Bath
1,081 Sq Ft
8,276 Sq Ft Lot

Last Sold May 27, 2020

Last sale price $258,000 $239 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $2,380/month

9 Days on Market

About This Home

As of May 2020

This sun-filled and spacious home is located just outside of all the amenities of downtown Salem. This second floor unit offers an eat-in kitchen, hardwood floors, an abundance of windows, and in unit laundry! Bonus room offers a great space for a home office. Pet - friendly! Move in ready with, opportunity for personalization and additional upgrades. One parking spot included and the condo fee includes heat! Convenient to train, restaurants, libraries, museums, hospitals, YMCA and shopping!

Last Agent to Sell the Property

The Ternullo Real Estate Team

Leading Edge Real Estate Listed on: 04/09/2020

Co-Listed By

John Ternullo

Leading Edge Real Estate

Last Buyer's Agent

Sheri Trocchi

J. Barrett & Company

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1915

Lot Details

  • 8,276

Kitchen

  • Range

Flooring

  • Wood
  • Laminate
  • Tile

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Hot Water Baseboard Heater
  • Heating System Uses Oil
  • Natural Gas Water Heater

Additional Features

  • Basement

Community Details

  • Pets Allowed

Listing and Financial Details

  • Assessor Parcel Number M:25 L:0671 S:805

Property Details

Home Type

Condominium

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Garden
  • Other Agent: 2.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 249.68
  • Comp Based On: Net Sale Price
  • Year Built: 1915
  • Lead Paint: Unknown
  • Unit Building: 2L
  • Unit Level: 2
  • Unit Placement: End
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1915

Interior Features

  • Flooring: Tile, Laminate, Hardwood
  • Appliances: Range, Refrigerator, Washer, Dryer
  • No Bedrooms: 2
  • Master Bedroom: On Level: Second Floor, Dimension: 16X11, Flooring - Hardwood
  • Bedroom 2: On Level: Second Floor, Dimension: 14X11, Flooring - Hardwood
  • Full Bathrooms: 1
  • Bathroom 1: On Level: Second Floor, Dimension: 8X7, Bathroom - Full, Flooring - Laminate
  • Bathroom 3: On Level: Second Floor
  • No Rooms: 6
  • Dining Room: On Level: Second Floor, Dimension: 13X12, Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box
  • Kitchen: On Level: Second Floor, Dimension: 17X10, Flooring - Stone/Ceramic Tile
  • Laundry: On Level: Second Floor
  • Living Room: On Level: Second Floor, Dimension: 16X13, Ceiling Fan(s), Flooring - Hardwood
  • Basement: Y
  • Other Room 1: Name: Bonus Room, On Level: Second Floor, Dimension: 10X7, Flooring - Stone/Ceramic Tile
  • No Living Levels: 1
  • Main Lo: AN4643
  • Main So: C95243
  • Estimated Sq Ft: 1081.00

Exterior Features

  • Exterior: Stucco
  • Exterior Unit Features: Porch - Enclosed, Deck - Roof

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Window AC
  • Heating: Hot Water Baseboard, Oil
  • Hot Water: Natural Gas
  • Utility Connections: for Electric Range, for Electric Dryer, Washer Hookup

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, University
  • HOA Fees: 350.00
  • Association Fee Includes: Heat, Water, Sewer, Master Insurance, Exterior Maintenance, Extra Storage, Refuse Removal
  • Condo Association: Yes
  • Management: Owner Association

Association/Amenities

  • Condominium Name: Residence at 432-436 Essex St

Lot Info

  • Assessments: 220300.00
  • Acre: 0.19
  • Lot Size: 8350.00
  • Page: 596
  • Parcel Number: M:25 L:0671 S:805
  • Zoning: B1

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Taxes: 3183.00
  • Assessor Parcel Number: 4684030

Multi Family

  • No Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2020
Closed on
May 20, 2020
Sold by
Avetisyan Samvel and Sargsyan Veronica
Bought by
Lamson Andrew and Landry Lorraine J
Seller's Agent
The Ternullo Real Estate Team
Leading Edge Real Estate
Buyer's Agent
Sheri Trocchi
J. Barrett & Company
List Price
$269,900
Sold Price
$258,000
Premium/Discount to List
-$11,900
-4.41%
Current Estimated Value
$396,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,703
Avg. Annual Appreciation
8.09%
Original Mortgage
$245,100
Outstanding Balance
$216,239
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$180,464

Purchase Details

Listed on
May 24, 2017
Closed on
Jul 31, 2017
Sold by
Ottaway Alyssa
Bought by
Sargsyan Veronica and Avetisyan Samvel
Seller's Agent
Northshorist Group
RE/MAX 360
Buyer's Agent
The Ternullo Real Estate Team
Leading Edge Real Estate
List Price
$175,000
Sold Price
$232,500
Premium/Discount to List
$57,500
32.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.76%
Original Mortgage
$162,500
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 30, 2014
Closed on
Dec 29, 2014
Sold by
Hayes Gregory T
Bought by
Ottaway Alyssa
Seller's Agent
Shannon Barror
Keller Williams Realty Evolution
Buyer's Agent
Northshorist Group
RE/MAX 360
List Price
$154,900
Sold Price
$150,000
Premium/Discount to List
-$4,900
-3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.44%

Purchase Details

Closed on
Jan 20, 2005
Sold by
Manning Virginia M and Creedon William J
Bought by
Scott Wayne J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lamson Andrew $258,000 None Available
Sargsyan Veronica $232,500 --
Ottaway Alyssa $150,000 --
Scott Wayne J $650,000 --
Scott Wayne J $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lamson Andrew $245,100
Previous Owner Sargsyan Veronica $162,500
Previous Owner Scott Wayne J $97,600
Previous Owner Scott Wayne J $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/27/2020 05/27/20 Sold $258,000 -4.4% $239 / Sq Ft
04/18/2020 04/18/20 Pending -- -- --
04/09/2020 04/09/20 For Sale $269,900 +16.1% $250 / Sq Ft
07/31/2017 07/31/17 Sold $232,500 +32.9% $215 / Sq Ft View Prior Sale
05/29/2017 05/29/17 Pending -- -- --
05/24/2017 05/24/17 For Sale $175,000 +16.7% $162 / Sq Ft
12/29/2014 12/29/14 Sold $150,000 0.0% $139 / Sq Ft View Prior Sale
12/22/2014 12/22/14 Pending -- -- --
11/28/2014 11/28/14 Off Market $150,000 -- --
10/30/2014 10/30/14 For Sale $154,900 -- $143 / 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 $3,585 $316,100 $0 $316,100
2024 $3,498 $301,000 $0 $301,000
2023 $3,385 $270,600 $0 $270,600
2022 $3,279 $247,500 $0 $247,500
2021 $3,226 $233,800 $0 $233,800
2020 $3,183 $220,300 $0 $220,300
2019 $3,017 $199,800 $0 $199,800
2018 $2,732 $177,100 $0 $177,100
2017 $2,666 $168,100 $0 $168,100
2016 $2,452 $156,500 $0 $156,500
2015 $2,386 $145,400 $0 $145,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller Co-Listing Agent in 2020

    John Ternullo

    Leading Edge Real Estate

    (781) 517-4224

    54 Total Sales

    John Ternullo
    Section Image
  • Sheri Trocchi

    Buyer's Agent in 2020

    Sheri Trocchi

    J. Barrett & Company

    (617) 852-4051

    68 Total Sales

    Sheri Trocchi
    Section Image

  • N

    Seller's Agent in 2017

    Northshorist Group

    RE/MAX

  • S

    Seller's Agent in 2014

    Shannon Barror

    Keller Williams Realty Evolution

    (978) 317-5842

    1 in this area

    92 Total Sales

    Shannon Barror
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72641694

MLS Property Information Network (MLS PIN)

APN: SALE-000025-000000-000671-000805-000805

Massachusetts Essex County Salem 01970 Gallows Hill

434 Essex St Unit 2L, Salem, MA

Not Listed for Sale

Condos

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