NOT LISTED FOR SALE

5 Larchmont Rd Unit 2 Salem, MA 01970

North Salem Neighborhood

Estimated Value: $449,000 - $506,000

2 Beds
1 Bath
1,058 Sq Ft
1925 Built

Last Sold July 15, 2021

Last sale price $400,000 $378 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,026/month

About This Home

As of October 2023

Lovely sun filled two bed within walking distance to downtown Salem! This floor through unit provides a large living room, spacious dining room and also a huge eat in kitchen complete with granite counter tops and stainless steel appliances. High ceilings and detailed molding add to the charm and character of this home. Hardwood floors throughout and common laundry. Located on a quiet area with plenty of street parking. Walk to everything Salem has to offer!

Last Agent to Rent the Property

Elizabeth Guenard

Compass Listed on: 09/25/2023

Compass

Last Renter's Agent

Elizabeth Guenard

Compass Listed on: 09/25/2023

Compass

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,820

Year Built

  • 1925

Home Design

  • 1,058 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • No Cooling

Listing and Financial Details

  • Security Deposit $2,600
  • Property Available on 11/15/23
  • Rent includes water, sewer
  • 12 Month Lease Term
  • Assessor Parcel Number 2133491

Community Details

Pet Policy

  • No Pets Allowed

Additional Features

  • Property has a Home Owners Association
  • Laundry Facilities

Condo Details

Home Type

Condominium

Est. Annual Taxes

$4,820

Year Built

1925

Lot Details

0

Rental Info

  • Pets Allowed: No
  • Available Date: 2023-11-15
  • Lease Term: Term of Rental(12)
  • Available Now: No
  • Deposit Required: Yes
  • FIRST MON REQD: Yes
  • INSURANCE REQD: Yes
  • LAST MON REQD: No
  • REFERENCES REQD: Yes
  • SEC DEPOSIT: 2600

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Entry Level: 2
  • Year Round: Yes
  • CoOp Comp: 50/50
  • ResoPropertyType: ResidentialLease
  • ResoBuildingAreaSource: Other
  • Special Features: None
  • Year Built: 1925

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Laundry Features: Common Area
  • Living Area: 1058
  • Spa YN: No
  • MAIN LO: AN2383
  • LIST PRICE PER Sq Ft: 2.46
  • PRICE PER Sq Ft: 2.36
  • MAIN SO: AN2383

Exterior Features

  • Home Warranty YN: No
  • Waterfront YN: No

Utilities

  • Cooling Y N: No

Condo/Co-op/Association

  • Association YN: Yes
  • Rent Includes: Water, Sewer
  • Senior Community YN: No
  • UNIT BUILDING: 2

Lot Info

  • Parcel Number: 2133491
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 999
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2021
Closed on
Jul 15, 2021
Sold by
Judith A Forman T
Bought by
Kearney Jacob and Kearney Megan
Seller's Agent
Julie Costa
Keller Williams Realty Evolution
Buyer's Agent
Sylvia Sarkisyan
Ebb & Flow Realty Co.
List Price
$369,900
Sold Price
$400,000
Premium/Discount to List
$30,100
8.14%
Current Estimated Value
$475,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,123
Avg. Annual Appreciation
4.49%
Original Mortgage
$360,000
Outstanding Balance
$330,164
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$148,183

Purchase Details

Closed on
May 24, 2017
Sold by
Forman Judith A
Bought by
Judith A Forman T

Purchase Details

Listed on
Jun 4, 2014
Closed on
Sep 16, 2014
Sold by
Brady Susan D and Brady Arthur J
Bought by
Forman Judith A
Seller's Agent
Daniel Meegan
J. Barrett & Company
Buyer's Agent
Julie Costa
Keller Williams Realty Evolution
List Price
$239,900
Sold Price
$233,750
Premium/Discount to List
-$6,150
-2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.79%
Original Mortgage
$226,700
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2011
Sold by
Brady Susan D
Bought by
Brady Susan D and Brady Arthur J

Purchase Details

Closed on
Oct 21, 1992
Sold by
Hartfelder Ronald and Hartfelder Mary
Bought by
Coleman Susan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,000
Interest Rate
7.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 20, 1989
Sold by
Lambie Andrew
Bought by
Hartfelder Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,800
Interest Rate
10.79%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Kearney Jacob $400,000 None Available
Judith A Forman T -- --
Forman Judith A $233,750 --
Brady Susan D -- --
Coleman Susan D $97,000 --
Hartfelder Ronald $133,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kearney Jacob $360,000
Previous Owner Judith A Forman T 2017 $201,000
Previous Owner Forman Judith A $226,700
Previous Owner Hartfelder Ronald $105,000
Previous Owner Hartfelder Ronald $17,500
Previous Owner Hartfelder Ronald $71,000
Previous Owner Hartfelder Ronald $106,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2023 10/16/23 Rented $2,500 -3.8% --
10/12/2023 10/12/23 Under Contract -- -- --
10/06/2023 10/06/23 Price Changed $2,600 -7.1% $2 / Sq Ft
09/25/2023 09/25/23 For Rent $2,800 0.0% --
07/15/2021 07/15/21 Sold $400,000 +8.1% $378 / Sq Ft
04/13/2021 04/13/21 Pending -- -- --
04/06/2021 04/06/21 For Sale $369,900 +58.2% $350 / Sq Ft
09/16/2014 09/16/14 Sold $233,750 0.0% $221 / Sq Ft
08/12/2014 08/12/14 Pending -- -- --
07/26/2014 07/26/14 Off Market $233,750 -- --
06/04/2014 06/04/14 For Sale $239,900 -- $227 / 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 $4,820 $425,000 $0 $425,000
2024 $4,699 $404,400 $0 $404,400
2023 $4,529 $362,000 $0 $362,000
2022 $4,375 $330,200 $0 $330,200
2021 $4,246 $307,700 $0 $307,700
2020 $4,157 $287,700 $0 $287,700
2019 $3,912 $259,100 $0 $259,100
2018 $3,633 $236,200 $0 $236,200
2017 $3,561 $224,500 $0 $224,500
2016 $3,371 $215,100 $0 $215,100
2015 $3,376 $205,700 $0 $205,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73163062

MLS Property Information Network (MLS PIN)

APN: SALE-000027-000000-000513-000802-000802