NOT LISTED FOR SALE

5 Derby Square Unit 4 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $524,090 - $635,000

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. 69% increase in value since last sale

Current estimated payment $3,666/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 Listed By

Ryan O'connor-Crowe

Listed on: 08/11/2015

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%
Total Days on Market
27
Current Estimated Value
$574,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,773
Avg. Annual Appreciation
5.81%
Original Mortgage
$340,000
Outstanding Balance
$272,587
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$315,017

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

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 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

    (978) 836-8761

    Section Image

  • M

    Buyer's Agent in 2015

    Marie Farrar

    Berkshire Hathaway HomeServices Commonwealth Real Estate

    (781) 254-1481

    6 Total Sales

    Marie Farrar
    Section Image
  • Kate Fabrizio

    Seller's Agent in 2013

    Kate Fabrizio

    J. Barrett & Company

    (978) 314-0196

    28 Total Sales

    Kate Fabrizio
    Section Image
See All Agents

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

Homes for Sale in Salem, MA

This home is located at 5 Derby Square Unit 4, Salem, MA 01970 since 11 August 2015 and is currently estimated at $574,773, approximately $444 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) 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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