NOT LISTED FOR SALE

5 Larchmont Rd Unit 1 Salem, MA 01970

North Salem Neighborhood

Estimated Value: $452,000 - $497,000

2 Beds
1 Bath
1,125 Sq Ft
$424/Sq Ft Est. Value

Last Sold March 10, 2022

Last sale price $395,000 $351 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,196/month

4 Days on Market

Highlights

  • Marina
  • Medical Services
  • Property is near public transit
  • Golf Course Community
  • Open Floorplan
  • Marble Flooring

About This Home

As of March 2022

Nestled in the charming neighborhood of North Salem, this updated, light filled 2 bed/1 bath condo gives all the feels of home! Filled with character & comforts, these high ceilings, original built-in & hardwood floors are complimented by many updates. Spacious kitchen offers new quartz countertops, stainless steel appliances, vinyl plank flooring & refaced cabinetry. 2 bedrooms with newly renovated bath offers wonderful space options. Additional features & updates include beautiful ceiling fans throughout, open living & dining rooms along with completely repainted interior, smart Lutron switches, keyless entry & wireless thermostat. Lovely common green backyard space is perfect for relaxation & entertaining. Easy on street parking. Enjoy these quiet tree lined streets by the water’s edge while still being minutes from commuter rail, parks, Common & all that Salem has to offer.

Last Agent to Sell the Property

Leslie Pappas

Coldwell Banker Realty - Beverly License #454007431 Listed on: 01/06/2022

Coldwell Banker Realty - Beverly

Last Buyer's Agent

Victoria Stockdale

Custom Home Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,248

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • Near Conservation Area
  • Garden

HOA Fees

  • $271 Monthly HOA Fees

Parking

  • Open Parking

Home Design

  • Entry on the 1st floor
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,125 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Decorative Lighting
  • Light Fixtures
  • Fireplace
  • Dining Area
  • Washer and Electric Dryer Hookup

Kitchen

  • Breakfast Bar
  • Stove
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops

Flooring

  • Wood
  • Marble
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom
  • Bathtub with Shower

Basement

  • Exterior Basement Entry
  • Laundry in Basement

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Natural Gas Connected
  • Gas Water Heater
  • High Speed Internet

Additional Features

  • Energy-Efficient Thermostat
  • Porch

Listing and Financial Details

  • Assessor Parcel Number M:27 L:0513 S:801,2133493

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, reserve funds

Amenities

  • Medical Services
  • Community Garden
  • Common Area
  • Shops
  • Laundry Facilities
  • Community Storage Space

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,248

Year Built

Built in 1925 | Remodeled

Lot Details

0

HOA Fees

$271 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Detached
  • Year Built: 1925
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Entry Level: 1
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood, Vinyl, Marble, Hardwood
  • Entry Location: Unit Placement(Street,Walkout)
  • Fireplace YN: Yes
  • Appliances: Range,Dishwasher,Microwave,Refrigerator, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Closet, Flooring - Hardwood
  • Room Bedroom2 Area: 143
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Main Level Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Closet, Flooring - Hardwood
  • Room Master Bedroom Level: First
  • Room Master Bedroom Area: 144
  • Bathroom 1 Area: 42
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Cabinets - Upgraded, Remodeled, Lighting - Sconce
  • Bathroom 1 Level: Main
  • Room Dining Room Features: Ceiling Fan(s), Flooring - Hardwood, Open Floorplan
  • Room Dining Room Level: Main
  • Room Dining Room Area: 208
  • Room Kitchen Level: Main
  • Room Kitchen Features: Ceiling Fan(s), Flooring - Vinyl, Dining Area, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Breakfast Bar / Nook, Dryer Hookup - Electric, Exterior Access, Open Floorplan, Stainless Steel Appliances, Washer Hookup, Gas Stove, Lighting - Overhead
  • Room Kitchen Area: 238
  • Laundry Features: In Basement, Common Area, In Building, Washer Hookup
  • Room Living Room Level: Main
  • Room Living Room Area: 224
  • Room Living Room Features: Ceiling Fan(s), Flooring - Hardwood, Exterior Access, High Speed Internet Hookup, Open Floorplan
  • Living Area: 1125
  • Stories Total: 3
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 345.78
  • PRICE PER Sq Ft: 351.11
  • MAIN SO: AN4101

Exterior Features

  • Exterior Features: Garden
  • Construction Materials: Frame
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Laundry, Storage, Garden Area
  • Association Fee: 271.15
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University
  • UNIT BUILDING: 1
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Reserve Funds

Lot Info

  • Parcel Number: M:27 L:0513 S:801,2133493
  • Zoning: R
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: No
  • PAGE: 131
  • OUTDOOR SPACE AVAILABLE: Yes - Common

Green Features

  • Green Energy Efficient: Thermostat

Rental Info

  • Pets Allowed: Breed Restrictions

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4248
  • Tax Book Number: 38198

Multi Family

  • Number Of Units Total: 3
  • NO UNITS OWNER OCC: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2022
Closed on
Mar 10, 2022
Sold by
Decker Robert H
Bought by
Clark Cymon V and Clark Fairouz N
Seller's Agent
Leslie Pappas
Coldwell Banker Realty - Beverly
Buyer's Agent
Victoria Stockdale
Custom Home Realty, Inc.
List Price
$389,000
Sold Price
$395,000
Premium/Discount to List
$6,000
1.54%
Current Estimated Value
$477,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,287
Avg. Annual Appreciation
5.44%
Original Mortgage
$381,187
Outstanding Balance
$356,152
Interest Rate
3.92%
Mortgage Type
FHA
Estimated Equity
$121,135

Purchase Details

Listed on
Aug 9, 2019
Closed on
Jan 16, 2020
Sold by
Hefferan William P
Bought by
Decker Hunter and Decker Robert
Seller's Agent
Daniel Demers
Sell Your Home Services
Buyer's Agent
Leslie Pappas
Coldwell Banker Realty - Beverly
List Price
$349,000
Sold Price
$299,999
Premium/Discount to List
-$49,001
-14.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.65%
Original Mortgage
$299,999
Interest Rate
3.6%
Mortgage Type
VA

Purchase Details

Closed on
Nov 1, 2005
Sold by
Bank Of New York Tr
Bought by
Heffernan William P

Purchase Details

Closed on
Jan 19, 2005
Sold by
Daniels Sandra M
Bought by
Full Spectrum Lending

Purchase Details

Closed on
Jan 31, 2001
Sold by
Johnson Deborah A
Bought by
Daniels Sandra M

Purchase Details

Closed on
Oct 30, 1998
Sold by
Marcello Adam J and Marcello Krista Vahey
Bought by
Johnson Deborah A

Purchase Details

Closed on
Jul 26, 1996
Sold by
Deckman E Richard E and Deckman Jacqueline
Bought by
Marcello Adam J and Marcello Krista C

Purchase Details

Closed on
Jul 28, 1989
Sold by
Baumann Curtis
Bought by
Deckman E Richard

Purchase Details

Closed on
Aug 14, 1987
Sold by
Larchmond Rd Condo
Bought by
Baumann Carole S
Source: Public Records

Range of Values:

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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
Clark Cymon V $395,000 None Available
Decker Hunter $299,999 None Available
Heffernan William P $210,000 --
Full Spectrum Lending $227,072 --
Daniels Sandra M $155,000 --
Johnson Deborah A $126,000 --
Marcello Adam J $91,000 --
Deckman E Richard $128,000 --
Deckman E Richard $128,000 --
Baumann Carole S $117,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Cymon V $381,187
Previous Owner Decker Hunter $299,999
Previous Owner Baumann Carole S $208,000
Previous Owner Baumann Carole S $18,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/10/2022 03/10/22 Sold $395,000 +1.5% $351 / Sq Ft
01/11/2022 01/11/22 Pending -- -- --
01/06/2022 01/06/22 For Sale $389,000 +29.7% $346 / Sq Ft
01/23/2020 01/23/20 Pending -- -- --
01/17/2020 01/17/20 Sold $299,999 0.0% $273 / Sq Ft View Prior Sale
10/25/2019 10/25/19 Price Changed $299,999 -6.0% $273 / Sq Ft
09/30/2019 09/30/19 Price Changed $319,000 -5.9% $291 / Sq Ft
09/09/2019 09/09/19 Price Changed $339,000 -2.9% $309 / Sq Ft
08/09/2019 08/09/19 For Sale $349,000 -- $318 / 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 $4,619 $407,300 $0 $407,300
2024 $4,510 $388,100 $0 $388,100
2023 $4,400 $351,700 $0 $351,700
2022 $4,259 $321,400 $0 $321,400
2021 $4,248 $307,800 $0 $307,800
2020 $4,156 $287,600 $0 $287,600
2019 $3,941 $261,000 $0 $261,000
2018 $3,657 $237,800 $0 $237,800
2017 $3,583 $225,900 $0 $225,900
2016 $3,391 $216,400 $0 $216,400
2015 $3,454 $210,500 $0 $210,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72931832

MLS Property Information Network (MLS PIN)

APN: SALE-000027-000000-000513-000801-000801