NOT LISTED FOR SALE

5 Laurel St Unit 1 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $398,000 - $496,000

2 Beds
1 Bath
900 Sq Ft
$161/mo HOA Fee

Last Sold February 01, 2023

Last sale price $382,000 $424 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,851/month

14 Days on Market

Highlights

  • Marina
  • Custom Closet System
  • Property is near public transit
  • Medical Services
  • Deck
  • Wood Flooring

About This Home

As of February 2023

Welcome home to this perfect Salem condo with first floor living! This condo boasts beautiful hardwood floors, high ceilings and tall custom plantation shutters. Large living room leads through beautiful pocket doors to large dining room with built in china cabinet. Two good-size bedrooms. Bath has a grand tub plus a shower. Spacious granite and stainless kitchen with in-unit laundry closet. Central air and gas heat. Just a short walk to shops, bike trail, downtown Salem, and Palmer's Cove.

Last Agent to Sell the Property

Tracey Cleversey

Hive Property Group Listed on: 12/07/2022

Last Buyer's Agent

Gary Blattberg

RE/MAX Beacon

RE/MAX Beacon

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,979

Year Built

  • Built in 1900

Lot Details

  • 2,222

HOA Fees

  • $161 Monthly HOA Fees

Parking

  • Open Parking

Home Design

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

Interior Spaces

  • 900 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Recessed Lighting
  • Light Fixtures
  • Bay Window
  • Basement
  • Exterior Basement Entry

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Custom Closet System
  • 1 Full Bathroom
  • Bathtub
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Forced Air Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5033454

Community Details

Overview

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

Amenities

  • Medical Services
  • Common Area
  • Shops

Recreation

  • Marina
  • Park

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,979

Year Built

Built in 1900

Lot Details

0

HOA Fees

$161 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: 2/3 Family
  • Year Built: 1900
  • Entry Level: 1
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood, Tile, Hardwood
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: Main
  • Room Bedroom2 Features: Closet, Flooring - Hardwood, Lighting - Overhead
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Main Level Bathrooms: 1
  • Room Master Bedroom Features: Closet, Flooring - Hardwood, Lighting - Overhead
  • Room Master Bedroom Level: Main
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Shower Stall, Bathroom - With Tub, Flooring - Stone/Ceramic Tile
  • Bathroom 1 Level: Main
  • Room Dining Room Features: Bathroom - Full, Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Crown Molding
  • Room Dining Room Level: Main
  • Room Kitchen Level: Main
  • Room Kitchen Features: Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Deck - Exterior, Dryer Hookup - Electric, Exterior Access, Recessed Lighting, Stainless Steel Appliances, Washer Hookup, Crown Molding
  • Laundry Features: Main Level, First Floor, In Unit, Washer Hookup
  • Room Living Room Level: Main
  • Room Living Room Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box, Cable Hookup, Exterior Access, Lighting - Overhead, Crown Molding
  • Basement: Y
  • Living Area: 900
  • Stories Total: 1
  • MAIN LO: AN7229
  • MAIN SO: AN4305

Exterior Features

  • Construction Materials: Frame, Block
  • Patio And Porch Features: Porch, Deck - Composite
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, 1/2 to 1 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Dryer, Washer Hookup
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas, Unit Control
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Fee: 161
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Marina, Public School, T-Station, University
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: 5033454
  • Zoning: R
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3978.98

Multi Family

  • Number Of Units Total: 2
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2018
Sold by
Bartlett Albert L
Bought by
Letourneau Hillary and Letourneau Michael
Current Estimated Value
$442,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,600
Outstanding Balance
$178,925
Interest Rate
4.22%
Mortgage Type
New Conventional
Estimated Equity
$263,717
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Letourneau Hillary $262,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Letourneau Hillary $209,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2023 02/01/23 Sold $382,000 +0.6% $424 / Sq Ft
12/22/2022 12/22/22 Pending -- -- --
12/19/2022 12/19/22 Price Changed $379,900 -2.6% $422 / Sq Ft
12/07/2022 12/07/22 For Sale $389,900 -- $433 / 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 $4,311 $380,200 $0 $380,200
2024 $4,381 $377,000 $0 $377,000
2023 $4,092 $327,100 $0 $327,100
2022 $3,979 $300,300 $0 $300,300
2021 $3,915 $283,700 $0 $283,700
2020 $3,873 $268,000 $0 $268,000
2019 $3,683 $243,900 $0 $243,900
Source: Public Records

Agents Affiliated with this Home

  • Tracey Cleversey

    Seller's Agent in 2023

    Tracey Cleversey

    Hive Property Group

    (617) 780-9613

    1 in this area

    53 Total Sales

    Tracey Cleversey
    Section Image
  • Gary Blattberg

    Buyer's Agent in 2023

    Gary Blattberg

    RE/MAX

    (978) 882-4469

    7 in this area

    126 Total Sales

    Gary Blattberg
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73063569

MLS Property Information Network (MLS PIN)

APN: 33-0377-801

Massachusetts Essex County Salem 01970 South Salem

5 Laurel St Unit 1, Salem, MA

Not Listed for Sale

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