NOT LISTED FOR SALE

48 Lafayette Place Unit A Salem, MA 01970

South Salem Neighborhood

Estimated Value: $568,000 - $641,000

2 Beds
1.5 Baths
1,276 Sq Ft
$478/Sq Ft Est. Value

Last Sold May 10, 2024

Last sale price $600,000 $470 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,030/month

7 Days on Market

Highlights

  • Marina
  • Medical Services
  • Custom Closet System
  • Golf Course Community
  • Open Floorplan
  • 4-minute walk to Palmer Cove Park

About This Home

As of May 2024

Welcome home to this charming 2-bed, 1.5-bath townhome in South Salem, just a mile from downtown. Hardwood floors, abundant storage, and natural light accentuate this inviting space. The first floor boasts a formal living room, galley kitchen flowing into the dining room, a convenient half bath, and a bonus living area with skylights, a gas stove, and backyard access. Upstairs, two well-appointed bedrooms with plentiful closet space await along with a full bath. Outdoor enthusiasts will love the fenced backyard with a spacious patio. Minutes to the ocean, parks, bike paths, the MBTA commuter rail, Salem State University, and the quaint downtown's of Salem and Marblehead.

Last Agent to Sell the Property

Benjamin Kapnis

Aluxety Listed on: 03/18/2024

Last Buyer's Agent

Michael Foxx

Amo Realty - Boston City Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,312

Year Built

  • Built in 1980

Lot Details

  • Near Conservation Area
  • Fenced Yard
  • Fenced
  • Garden

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,276 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Skylights
  • Decorative Lighting
  • Living Room with Fireplace
  • Wood Flooring
  • Basement
  • Laundry in Basement

Kitchen

  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • Custom Closet System
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Walking Distance to Water
  • Patio

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Saltonstall Elementary And Middle School
  • Salem/Charter High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 2135388

Community Details

Overview

  • Association fees include insurance, maintenance structure
  • 2 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Golf Course Community
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,312

Year Built

Built in 1980

Lot Details

0

HOA Fees

$200 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Townhouse
  • Year Built: 1980
  • Buyer Agency: 2
  • Entry Level: 1
  • Transaction Broker: 1
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Hardwood
  • Fireplace Features: Living Room
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Range, Dishwasher, Disposal, Trash Compactor, Microwave, Refrigerator, Washer, Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: Second
  • Room Bedroom2 Features: Closet, Closet/Cabinets - Custom Built
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bathrooms: 1.5
  • Room Master Bedroom Features: Walk-In Closet(s), Closet, Closet/Cabinets - Custom Built
  • Room Master Bedroom Level: Second
  • Bathroom 1 Features: Bathroom - Half
  • Bathroom 1 Level: First
  • Bathroom 2 Level: Second
  • Bathroom 2 Features: Bathroom - Full
  • Room Dining Room Features: Open Floorplan
  • Room Dining Room Level: First
  • Room Family Room Level: First
  • Room Family Room Features: Open Floorplan
  • Room Kitchen Level: First
  • Room Kitchen Features: Open Floorplan
  • Laundry Features: In Basement, In Unit, Gas Dryer Hookup, Washer Hookup
  • Room Living Room Level: First
  • Room Living Room Features: Skylight
  • Basement: Y
  • Living Area: 1276
  • Spa YN: No
  • Stories Total: 2
  • MAIN LO: AN8387
  • LIST PRICE PER Sq Ft: 430.25
  • PRICE PER Sq Ft: 470.22
  • MAIN SO: NB3599

Exterior Features

  • Exterior Features: Patio, Decorative Lighting, Fenced Yard, Garden
  • Construction Materials: Frame
  • Fencing: Fenced
  • Home Warranty YN: No
  • Patio And Porch Features: Patio
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, Walk to, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage YN: No
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Parking Features: Detached, Garage Door Opener, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup
  • Cooling: Central Air
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public, Individual Meter

Condo/Co-op/Association

  • Association Fee: 200
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University
  • Senior Community YN: No
  • UNIT BUILDING: A
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Insurance, Maintenance Structure

Lot Info

  • Parcel Number: 2135388
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • PAGE: 254
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5311.5
  • Tax Book Number: 29086

Multi Family

  • Number Of Units Total: 2
  • Basement Included Sq Ft: No

MLS Schools

  • High School: Salem/Charter
  • Elementary School: Saltonstall
  • Middle Or Junior School: Saltonstall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 23, 2009
Sold by
Greener William K and Greener Joan E
Bought by
Greenier Ft
Current Estimated Value
$610,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 1993
Sold by
Cherry John G and Long Elizabeth
Bought by
Greener William K and Greener Joan

Purchase Details

Closed on
Jul 30, 1987
Sold by
Palamara Paula
Bought by
Cherry John G
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
Greenier Ft -- --
Greener William K -- --
Greener William K -- --
Greener William K $105,000 --
Greener William K $105,000 --
Cherry John G $162,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bertoldi Lindsay N $480,000
Closed Bertoldi Lindsay N $480,000
Closed Muse James M $320,040
Closed Greener Ft $105,000
Closed Greener Ft $112,500
Closed Cherry John G $120,000
Closed Cherry John G $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2024 05/10/24 Sold $600,000 +9.3% $470 / Sq Ft
03/26/2024 03/26/24 Pending -- -- --
03/18/2024 03/18/24 For Sale $549,000 -- $430 / 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 $5,514 $486,200 $0 $486,200
2024 $5,312 $457,100 $0 $457,100
2023 $5,147 $411,400 $0 $411,400
2022 $4,872 $367,700 $0 $367,700
2021 $4,794 $347,400 $0 $347,400
2020 $4,786 $331,200 $0 $331,200
2019 $4,536 $300,400 $0 $300,400
2018 $4,094 $266,200 $0 $266,200
2017 $4,008 $252,700 $0 $252,700
2016 $3,687 $235,300 $0 $235,300
2015 $3,764 $229,400 $0 $229,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73213551

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000755-000801-000801