48 Lafayette Place Unit B Salem, MA 01970
South Salem Neighborhood
2
Beds
1.5
Baths
1,478
Sq Ft
$150/mo
HOA Fee
Highlights
- Medical Services
- Property is near public transit
- Sun or Florida Room
- Waterfront
- Wood Flooring
- 4-minute walk to Palmer Cove Park
About This Home
As of June 2020What a fantastic condominium! You will love this wonderfully updated, well maintained 2 bedroom one and a half bath home in South Salem. Your new home is a short distance from beautiful, down-town Salem, close to the water and close to Forest River Park. Enjoy your enclosed, private backyard. A condo with its own back yard? Yes! Your first floor has hardwood and tile throughout. Your kitchen boast stainless steel appliances. The three season porch was expanded for year round use, adding incredible space! Your spacious bedrooms give you plenty of room to move. You will love the full basement for expanded living and storage. Your private garage rounds out a great value. Make an appointment today!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,378
Year Built
- Built in 1980
Lot Details
- Waterfront
- End Unit
HOA Fees
- $150 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Off-Street Parking
Home Design
- Frame Construction
- Shingle Roof
Interior Spaces
- 1,478 Sq Ft Home
- 2-Story Property
- Insulated Windows
- Sun or Florida Room
- Laundry in Basement
- Washer Hookup
Kitchen
- Range<<rangeHoodToken>>
- Dishwasher
Flooring
- Wood
- Wall to Wall Carpet
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary bedroom located on second floor
Outdoor Features
- Outdoor Storage
Location
- Property is near public transit
- Property is near schools
Schools
- Choice Elementary And Middle School
- Salem High School
Utilities
- Forced Air Heating and Cooling System
- 1 Cooling Zone
- 1 Heating Zone
- Heating System Uses Natural Gas
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number M:33 L:0755 S:802,2135387
Community Details
Overview
- Association fees include insurance, ground maintenance
- 2 Units
- Lafayette Place Condominium Community
Amenities
- Medical Services
- Shops
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 9, 2020
Closed on
Jun 5, 2020
Sold by
Janey Benjamin D and Janey Nicole E
Bought by
Davis Joshua D and Gordon Christine M
Seller's Agent
Jenny May
J. Barrett & Company
Buyer's Agent
Dulith Wijewardene
Dulith Wijewardene
List Price
$359,000
Sold Price
$373,000
Premium/Discount to List
$14,000
3.9%
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
$172,284
Avg. Annual Appreciation
7.91%
Purchase Details
Listed on
Jun 3, 2016
Closed on
Aug 9, 2016
Sold by
Murphy Richard A and Murphy Sherrill L
Bought by
Janey Benjamin D and Janey Nicole E
Seller's Agent
Daniel Meegan
J. Barrett & Company
Buyer's Agent
Jenny May
J. Barrett & Company
List Price
$289,900
Sold Price
$289,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.77%
Original Mortgage
$260,910
Interest Rate
3.56%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 29, 2003
Sold by
Murphy Elizabeth A and Murphy Richard A
Bought by
Murphy Richard A
Purchase Details
Closed on
Nov 1, 2002
Sold by
Schevis Frances and Schevis Richard
Bought by
Murphy Richard A and Murphy Elizabeth A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Salem, MA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $373,000 | None Available | |
| Not Resolvable | $289,900 | -- | |
| Deed | -- | -- | |
| Deed | $240,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $260,910 | New Conventional | |
| Previous Owner | $202,500 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $176,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $20,000 | No Value Available | |
| Previous Owner | $228,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/15/2020 06/15/20 | Sold | $373,000 | +3.9% | $252 / Sq Ft |
| 04/13/2020 04/13/20 | Pending | -- | -- | -- |
| 04/09/2020 04/09/20 | For Sale | $359,000 | +23.8% | $243 / Sq Ft |
| 08/09/2016 08/09/16 | Sold | $289,900 | 0.0% | $196 / Sq Ft |
| 06/14/2016 06/14/16 | Pending | -- | -- | -- |
| 06/03/2016 06/03/16 | For Sale | $289,900 | -- | $196 / 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 | $5,137 | $453,000 | $0 | $453,000 |
| 2024 | $4,882 | $420,100 | $0 | $420,100 |
| 2023 | $4,677 | $373,900 | $0 | $373,900 |
| 2022 | $4,404 | $332,400 | $0 | $332,400 |
| 2021 | $4,335 | $314,100 | $0 | $314,100 |
| 2020 | $4,352 | $301,200 | $0 | $301,200 |
| 2019 | $4,133 | $273,700 | $0 | $273,700 |
| 2018 | $3,743 | $243,400 | $0 | $243,400 |
| 2017 | $3,667 | $231,200 | $0 | $231,200 |
| 2016 | $3,378 | $215,600 | $0 | $215,600 |
| 2015 | $3,459 | $210,800 | $0 | $210,800 |
Source: Public Records
Agents Affiliated with this Home
-
Jenny May
Seller's Agent in 2020
Jenny May
J. Barrett & Company
(978) 828-4142
4 in this area
50 Total Sales
-
Dulith Wijewardene
Buyer's Agent in 2020
Dulith Wijewardene
Dulith Wijewardene
(617) 710-1350
46 Total Sales
-
Daniel Meegan
Seller's Agent in 2016
Daniel Meegan
J. Barrett & Company
(617) 388-8500
2 in this area
76 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72016692
APN: SALE-000033-000000-000755-000802-000802
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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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