$355,000
SOLD SEP 4, 2020

49 Washington Square Unit 2 Salem, MA 01970

Salem Common Neighborhood
4 Beds
2 Baths
2,186 Sq Ft
1834 Built

Recently Sold

$162 Per Sq Ft

14% Below List Price

91 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • 3-minute walk to Salem Common

About This Home

As of August 2023

Attractive Greek Revival Townhouse condo on historic Salem Common. Fantastic antique with Indian shutters, wide pine floors and period fireplace mantels. This home is in need of a full renovation and may not qualify for standard mortgage financing. Construction financing or cash necessary to restore this fantastic home to its rightful beauty. Comparable condos with less desirable location selling in 6 and 7 hundred thousands range.

Last Agent to Sell the Property

Ted Richard

J. Barrett & Company

Last Buyer's Agent

James Finn

James A. Finn & Sons

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $9,148

Year Built

  • Built in 1834

Lot Details

  • Year Round Access

Flooring

  • Wood
  • Tile

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Oil Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:35 L:0075 S:802

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$9,148

Year Built

Built in 1834

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Townhouse, 2/3 Family, Duplex
  • Other Agent: 1.00
  • Year Built Description: Certified Historic
  • List Price Per Sq Ft: 171.55
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1834
  • Lead Paint: Unknown
  • Year Round: Yes
  • Unit Building: 49
  • Unit Level: 1
  • Unit Placement: Street
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 1834

Interior Features

  • Fireplaces: 3
  • Flooring: Wood, Tile
  • No Bedrooms: 4
  • Master Bedroom: On Level: Second Floor
  • Bedroom 2: On Level: Second Floor
  • Bedroom 3: On Level: Third Floor
  • Bedroom 4: On Level: Third Floor
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • No Rooms: 7
  • Dining Room: On Level: First Floor
  • Kitchen: On Level: First Floor
  • Living Room: On Level: First Floor
  • Basement: Y
  • No Living Levels: 3
  • Main Lo: C95243
  • Main So: C63900
  • Estimated Sq Ft: 2186.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 0 to 1/10 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Clapboard, Wood
  • Insulation Feature: Unknown
  • Exterior Unit Features: Patio, Gutters

Garage/Parking

  • Parking Feature: Off-Street, Tandem
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers, 100 Amps
  • Sewage District: SESD
  • Heating: Forced Air, Oil
  • Heat Zones: 1
  • Hot Water: Oil

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, T-Station
  • HOA Fees: 350.00
  • Association Fee Includes: Master Insurance
  • Condo Association: Yes
  • Management: Owner Association

Association/Amenities

  • Condominium Name: 47-49 Washington Square Condominium

Lot Info

  • Assessments: 506100.00
  • Page: 1
  • Parcel Number: M:35 L:0075 S:802
  • Zoning: R2

Green Features

  • Energy Features: Storm Windows

Rental Info

  • Pets Allowed: Unknown

Tax Info

  • Taxes: 7313.00
  • Assessor Parcel Number: 2136219

Multi Family

  • No Units: 2
  • No Units Owner Occ: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Aug 31, 2023
Sold by
Finn James D and Houle Maxwell A
Bought by
Callahan Ashley and Gedarovich David S
Seller's Agent
Margaret Finn
James A. Finn & Sons
Buyer's Agent
M. J. Taglieri
Options Real Estate Services, LLC
List Price
$825,000
Sold Price
$850,000
Premium/Discount to List
$25,000
3.03%
Total Days on Market
91
Views
98
Current Estimated Value
$902,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,984
Avg. Annual Appreciation
3.62%
Original Mortgage
$680,000
Outstanding Balance
$668,361
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$234,623

Purchase Details

Closed on
Mar 22, 2021
Sold by
42 North Prop Llc
Bought by
Finn James D and Houle Maxwell A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Mar 27, 2020
Closed on
Sep 3, 2020
Sold by
Countie Jeannette S Est and Bade
Bought by
42 North Prop Llc
Seller's Agent
Ted Richard
J. Barrett & Company
Buyer's Agent
James Finn
James A. Finn & Sons
List Price
$415,000
Sold Price
$355,000
Premium/Discount to List
-$60,000
-14.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.03%
Original Mortgage
$300,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2018
Sold by
Countie Jeannette and Countie Ralph L
Bought by
Countie Jeannette

Map

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Condominium Deed $850,000 None Available
Quit Claim Deed -- None Available
Condominium Deed $355,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $680,000 Purchase Money Mortgage
Previous Owner $490,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $300,000 New Conventional
Previous Owner $319,788 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $100,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $850,000 +3.0% $381 / Sq Ft
07/01/2023 07/01/23 Pending -- -- --
06/22/2023 06/22/23 For Sale $825,000 +132.4% $370 / Sq Ft
09/04/2020 09/04/20 Sold $355,000 -5.3% $162 / Sq Ft
06/26/2020 06/26/20 Pending -- -- --
06/05/2020 06/05/20 Price Changed $375,000 -6.2% $172 / Sq Ft
04/17/2020 04/17/20 Price Changed $399,900 -3.6% $183 / Sq Ft
03/27/2020 03/27/20 For Sale $415,000 -- $190 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $9,148 $806,700 $0 $806,700
2024 $9,144 $786,900 $0 $786,900
2023 $8,662 $692,400 $0 $692,400
2022 $8,296 $626,100 $0 $626,100
2021 $6,940 $502,900 $0 $502,900
2020 $7,313 $506,100 $0 $506,100
2019 $7,844 $519,500 $0 $519,500
2018 $7,276 $473,100 $0 $473,100
2017 $7,066 $445,500 $0 $445,500
2016 $6,685 $426,600 $0 $426,600
2015 $6,690 $407,700 $0 $407,700
Source: Public Records

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72638457

MLS Property Information Network (MLS PIN)

APN: SALE-000035-000000-000075-000802-000802