S
Seller's Agent in 2016
Susan Olson
MerryFox Realty
(978) 902-1759
6 Total Sales
448 Lafayette St Unit 1 Salem, MA 01970
South Salem NeighborhoodEstimated Value: $493,000 - $543,000
2
Beds
1
Bath
1,093
Sq Ft
9,583
Sq Ft Lot
About This Home
As of October 2016Beautiful water views will greet you every morning in this delightful garden condominium. Located on the Marblehead/Salem line, you have easy access to shopping, transportation, walking/biking trails and restaurants. French doors lead out from the spacious living room to a large private porch and entertaining is easy in the open concept style dining room complete with a built-in china cabinet. The kitchen plays host to gorgeous granite countertops, an eye catching designer backsplash, stainless steel appliances and under counter LED lighting. Gardeners and pet lovers will enjoy the expansive back yard and patio. Many extras include, hardwood floors, slate roof, ample storage, exclusive w/d and two- car off street deeded parking. Renovated in 2011 and the entire building painted in 2016.
Property Details
Home Type
Condominium
Est. Annual Taxes
$5,155
Year Built
1945
Lot Details
0
Listing Details
- Unit Level: 1
- Unit Placement: Street
- Property Type: Condominium/Co-Op
- Other Agent: 2.00
- Lead Paint: Unknown
- Special Features: None
- Property Sub Type: Condos
- Year Built: 1945
Interior Features
- Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
- Has Basement: Yes
- Number of Rooms: 5
- Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, University
- Electric: Circuit Breakers, 100 Amps
- Energy: Insulated Windows
- Flooring: Tile, Hardwood
- Interior Amenities: Cable Available
- Bedroom 2: First Floor, 12X12
- Bathroom #1: First Floor
- Kitchen: First Floor, 15X10
- Laundry Room: Basement
- Living Room: First Floor, 15X10
- Master Bedroom: First Floor, 13X11
- Master Bedroom Description: Ceiling Fan(s), Flooring - Hardwood
- Dining Room: First Floor, 13X10
- No Living Levels: 1
Exterior Features
- Roof: Slate
- Construction: Frame
- Exterior: Wood
- Exterior Unit Features: Porch, Patio
- Waterview Flag: Yes
Garage/Parking
- Parking: Off-Street, Deeded
- Parking Spaces: 2
Utilities
- Cooling: Window AC
- Heating: Oil
- Cooling Zones: 1
- Heat Zones: 1
- Hot Water: Natural Gas
- Utility Connections: for Electric Range
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Condominium Name: 448 Lafayette Street Condominium
- Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping, Snow Removal, Reserve Funds
- Management: Owner Association
- Pets Allowed: Yes
- No Units: 2
- Unit Building: 1
Fee Information
- Fee Interval: Monthly
Lot Info
- Assessor Parcel Number: M:31 L:0213 S:801
- Zoning: R1
Multi Family
- Waterview: Harbor
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 6, 2016
Closed on
Oct 28, 2016
Sold by
Bonogofsky Elexa K and Higgins Niel
Bought by
Wilkens John and Mccauley Stacy
Seller's Agent
Susan Olson
MerryFox Realty
Buyer's Agent
Amy Ruocco
LPT Realty, LLC
List Price
$289,000
Sold Price
$320,000
Premium/Discount to List
$31,000
10.73%
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
$190,733
Avg. Annual Appreciation
5.38%
Original Mortgage
$272,000
Outstanding Balance
$221,807
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$288,979
Purchase Details
Closed on
Mar 12, 2010
Sold by
Flaherty Tracy and Rice Thomas
Bought by
Rice Thomas
Purchase Details
Closed on
Jul 31, 2008
Sold by
Read David C
Bought by
Rice Thomas and Flaherty Tracy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 29, 1999
Sold by
Crocker Sandra A
Bought by
Read David C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 1, 1992
Sold by
Gauthier Robert J and Gauthier Marilyn J
Bought by
Clewell Sandra A and Crocker Ronald F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Interest Rate
7.83%
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 |
|---|---|---|---|
| Wilkens John | $320,000 | -- | |
| Rice Thomas | -- | -- | |
| Rice Thomas | $495,000 | -- | |
| Rice Thomas | $495,000 | -- | |
| Read David C | $330,000 | -- | |
| Clewell Sandra A | $215,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wilkens John | $272,000 | |
| Previous Owner | Read David C | $396,000 | |
| Previous Owner | Rice Thomas | $396,000 | |
| Previous Owner | Read David C | $264,000 | |
| Previous Owner | Clewell Sandra A | $193,500 | |
| Previous Owner | Read David C | $70,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/28/2016 10/28/16 | Sold | $320,000 | +10.7% | $293 / Sq Ft |
| 09/17/2016 09/17/16 | Pending | -- | -- | -- |
| 09/06/2016 09/06/16 | For Sale | $289,000 | -- | $264 / 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 | $5,155 | $454,600 | $0 | $454,600 |
| 2024 | $5,357 | $461,000 | $0 | $461,000 |
| 2023 | $5,205 | $416,100 | $0 | $416,100 |
| 2022 | $5,170 | $390,200 | $0 | $390,200 |
| 2021 | $5,080 | $368,100 | $0 | $368,100 |
| 2020 | $4,974 | $344,200 | $0 | $344,200 |
| 2019 | $4,720 | $312,600 | $0 | $312,600 |
| 2018 | $4,380 | $284,800 | $0 | $284,800 |
| 2017 | $4,295 | $270,800 | $0 | $270,800 |
| 2016 | $4,063 | $259,300 | $0 | $259,300 |
| 2015 | $4,066 | $247,800 | $0 | $247,800 |
Source: Public Records
Agents Affiliated with this Home
-
Susan Olson
-
Amy Ruocco
Buyer's Agent in 2016
Amy Ruocco
LPT Realty, LLC
(781) 576-9275
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72062058
APN: SALE-000031-000000-000213-000801-000801
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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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