NOT LISTED FOR SALE

5 Derby Square Unit 4 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $527,604 - $646,000

2 Beds
2 Baths
1,292 Sq Ft
1900 Built

Last Sold October 09, 2015

Last sale price $341,000 $264 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $3,717/month

27 Days on Market

About This Home

As of October 2015

Welcome to the heart of historic downtown Salem. A commuter's dream! This condo is a mix of old world charm with modern touches. Original exposed bricks walls, wood beams, and wood staircase leading to a loft, blend with a beautifully remodeled kitchen boasting cherry cabinets, granite countertops, and stainless appliances. Wood floors throughout! Outdoor space for entertaining, along with an open concept kitchen/living area. Lots of storage in this updated unit. Central air and gas heat. Come enjoy all that downtown Salem has to offer all within less than 1/2 mile to the commuter rail. Deeded parking space included! ALL OFFERS TO BE REVIEWED MONDAY 8/17 AT 5PM.

Last Agent to Sell the Property

Ryan O'connor-Crowe

Listed on: 08/11/2015

Last Buyer's Agent

Marie Farrar

Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,389

Year Built

1900

Lot Details

0

Listing Details

  • Unit Level: 2
  • Unit Placement: Street, Upper, Top/Penthouse, End, Corner, Front, Back
  • Other Agent: 2.00
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1900

Interior Features

  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer
  • Fireplaces: 1
  • Has Basement: No
  • Fireplaces: 1
  • Number of Rooms: 4
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • Flooring: Wood, Tile, Hardwood
  • Interior Amenities: Cable Available
  • Bedroom 2: Second Floor
  • Bathroom #1: Second Floor
  • Bathroom #2: Third Floor
  • Kitchen: Second Floor
  • Laundry Room: Second Floor
  • Master Bedroom: Third Floor
  • Dining Room: Second Floor
  • Family Room: Second Floor

Exterior Features

  • Roof: Slate
  • Exterior: Brick

Garage/Parking

  • Parking: Off-Street, Assigned, Deeded, Exclusive Parking
  • Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas, ENERGY STAR
  • Cooling Zones: 1
  • Heat Zones: 1
  • Utility Connections: for Electric Range, for Gas Dryer, Washer Hookup

Condo/Co-op/Association

  • Association Fee Includes: Heat, Gas, Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping, Refuse Removal, Air Conditioning, Reserve Funds
  • Management: Professional - Off Site, Owner Association
  • Pets Allowed: Yes
  • No Units: 4
  • Unit Building: 4

Lot Info

  • Assessor Parcel Number: M:35 L:0274 S:804

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2015
Closed on
Oct 9, 2015
Sold by
Bertolino Leo P
Bought by
Weissner Wendy J
Seller's Agent
Ryan O'connor-Crowe
Buyer's Agent
Marie Farrar
Berkshire Hathaway HomeServices Commonwealth Real Estate
List Price
$334,900
Sold Price
$341,000
Premium/Discount to List
$6,100
1.82%
Current Estimated Value
$591,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,651
Avg. Annual Appreciation
5.48%
Original Mortgage
$340,000
Outstanding Balance
$271,148
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$303,625

Purchase Details

Listed on
Apr 27, 2013
Closed on
May 23, 2013
Sold by
Heath Tyler J and Heath Kerry
Bought by
Bertolino Leo P
Seller's Agent
Kate Fabrizio
J. Barrett & Company
Buyer's Agent
Kate Fabrizio
J. Barrett & Company
List Price
$299,900
Sold Price
$295,000
Premium/Discount to List
-$4,900
-1.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$185,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2003
Sold by
Tagliani Cecile W and Tagliani Jonathan M
Bought by
Heath Tyler J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,850
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 1997
Sold by
Willis William J
Bought by
Cantwell Jeanne and Cantwell Jeannie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,500
Interest Rate
7.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 18, 1994
Sold by
B & M Rt
Bought by
Willis William J
Source: Public Records

Range of Values:

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Average Value
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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
Weissner Wendy J $341,000 --
Bertolino Leo P $295,000 --
Heath Tyler J $299,900 --
Cantwell Jeanne $119,500 --
Willis William J $112,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weissner Wendy J $340,000
Previous Owner Willis William J $185,000
Previous Owner Willis William J $284,850
Previous Owner Willis William J $179,500
Previous Owner Willis William J $113,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2015 10/09/15 Sold $341,000 0.0% $264 / Sq Ft
09/07/2015 09/07/15 Pending -- -- --
08/17/2015 08/17/15 Off Market $341,000 -- --
08/11/2015 08/11/15 For Sale $334,900 +13.5% $259 / Sq Ft
05/23/2013 05/23/13 Sold $295,000 -1.6% $228 / Sq Ft
04/30/2013 04/30/13 Pending -- -- --
04/27/2013 04/27/13 For Sale $299,900 -- $232 / 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 $5,389 $475,200 $0 $475,200
2024 $5,406 $465,200 $0 $465,200
2023 $5,105 $408,100 $0 $408,100
2022 $5,525 $417,000 $0 $417,000
2021 $5,361 $388,500 $0 $388,500
2020 $5,221 $361,300 $0 $361,300
2019 $5,163 $341,900 $0 $341,900
2018 $4,928 $320,400 $0 $320,400
2017 $4,844 $305,400 $0 $305,400
2016 $4,254 $271,500 $0 $271,500
2015 $4,226 $257,500 $0 $257,500
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Ryan O'connor-Crowe

    Section Image

  • M

    Buyer's Agent in 2015

    Marie Farrar

    Berkshire Hathaway HomeServices Commonwealth Real Estate

  • Kate Fabrizio

    Seller's Agent in 2013

    Kate Fabrizio

    J. Barrett & Company

    (978) 314-0196

    28 Total Sales

    Kate Fabrizio
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71887956

MLS Property Information Network (MLS PIN)

APN: SALE-000035-000000-000274-000804-000804

Massachusetts Essex County Salem 01970 Downtown Salem

5 Derby Square Unit 4, Salem, MA

This home is located at 5 Derby Square Unit 4, Salem, MA 01970 since 11 August 2015 and is currently estimated at $591,651, approximately $457 per square foot. This property was built in 1900. 5 Derby Square Unit 4 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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