$373,000
SOLD JUN 15, 2020

48 Lafayette Place Unit B Salem, MA 01970

South Salem Neighborhood
2 Beds
2 Baths
1,478 Sq Ft
1980 Built

Recently Sold

$252 Per Sq Ft

4% Above List Price

4 Days on Market

Highlights

  • Harbor Views
  • Forced Air Heating and Cooling System
  • 4-minute walk to Palmer Cove Park
  • Wood Flooring

About This Home

As of June 2020

Welcome home to this well--maintained duplex style townhome in South Salem! The first floor offers a bright living room, updated kitchen with large dining area, a half bath, and a gorgeous sunroom that leads to your private backyard. The second floor has 2 generous sized bedrooms and a full bath. Newer heat & hot water (2016), central air conditioning, attached one-car garage, and basement space ideal to finish or to use for storage. Close to Salem harbor waterfront, Forest River Park, and downtown Salem. Low condo fees & pet friendly! VIDEO TOUR LINK: https://bostonrep.mlspropertywebsite.com/public/vtour/display/1575804?idx=1#!/

Last Agent to Sell the Property

Jenny May

J. Barrett & Company Listed on: 04/09/2020

Last Buyer's Agent

Dulith Wijewardene

Dulith Wijewardene

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,137

Year Built

  • Built in 1980

Parking

  • 1 Car Garage

Property Views

  • Harbor Views

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile
  • Vinyl

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Natural Gas Water Heater

Additional Features

  • Basement

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,137

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Half-Duplex
  • Other Agent: 1.50
  • Year Built Description: Actual
  • List Price Per Sq Ft: 242.90
  • Comp Based On: Net Sale Price
  • Year Built: 1980
  • Lead Paint: Unknown
  • Unit Building: B
  • Unit Level: 1
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1980

Interior Features

  • Flooring: Tile, Vinyl, Wall to Wall Carpet, Hardwood
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
  • No Bedrooms: 2
  • Master Bedroom: On Level: Second Floor, Dimension: 16X13, Closet, Flooring - Wall to Wall Carpet
  • Bedroom 2: On Level: Second Floor, Dimension: 12X13, Closet, Flooring - Wall to Wall Carpet
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathroom 1: On Level: First Floor, Bathroom - Half
  • Bathroom 2: On Level: Second Floor, Bathroom - Full, Bathroom - With Tub & Shower
  • No Rooms: 5
  • Dining Room: On Level: First Floor, Dimension: 12X4, Flooring - Stone/Ceramic Tile
  • Kitchen: On Level: First Floor, Dimension: 8X10, Flooring - Stone/Ceramic Tile
  • Laundry: On Level: Basement
  • Living Room: On Level: First Floor, Dimension: 15X11, Closet, Flooring - Hardwood
  • Basement: Y
  • Other Room 1: Name: Sun Room, On Level: First Floor, Dimension: 22X12, Flooring - Vinyl, Exterior Access
  • No Living Levels: 2
  • Main Lo: C95243
  • Main So: AN3441
  • Estimated Sq Ft: 1478.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 0 to 1/10 Mile
  • Waterview Features: Harbor
  • Waterview Flag: Yes
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Exterior Unit Features: Patio, Fenced Yard

Garage/Parking

  • Parking Feature: Off-Street, Paved Driveway
  • Parking Spaces: 3
  • Garage Parking: Attached
  • Garage Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Hot Water: Natural Gas
  • Utility Connections: for Electric Range, for Electric Dryer

Condo/Co-op/Association

  • HOA Fees: 175.00
  • Association Fee Includes: Master Insurance, Landscaping
  • Condo Association: Yes
  • Management: Owner Association

Association/Amenities

  • Condominium Name: Lafayette Place Condominium

Lot Info

  • Assessments: 301200.00
  • Page: 28
  • Zoning: R2
  • Master Book: 6458
  • Master Page: 533

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Taxes: 4352.00
  • Assessor Parcel Number: 2135387

Multi Family

  • No Units: 2
  • No Units Owner Occ: 2

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
$545,284

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
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

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 $5,137 $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

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72642572

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000755-000802-000802