NOT LISTED FOR SALE

5 Mall St Unit 1 Salem, MA 01970

Salem Common Neighborhood

Estimated Value: $420,000 - $459,729

2 Beds
1 Bath
880 Sq Ft
$507/Sq Ft Est. Value

Last Sold July 10, 2020

Last sale price $320,000 $364 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,855/month

About This Home

As of July 2020

Located in one of the most sought-after historic neighborhoods in Salem, this beautiful 2 bedroom apartment is centrally located just minutes away from the commuter rail, Salem Common, and all the great dining and shopping spots downtown Salem has to offer. Featuring a large kitchen with stainless steel appliances, in unit washer/ dryer, a private deck, and assigned off street parking for one and additional guest parking. Available October 1st. Tenant to pay first month, one month security deposit and one month broker fee.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2020
Closed on
Jul 8, 2020
Sold by
Cristobal Rachel K
Bought by
Abramova Tatyana
Seller's Agent
Eliot Cristobal
EXIT Realty Beatrice Associates
Buyer's Agent
The Mavroules Team
Good Deeds Realty Partners
List Price
$314,900
Sold Price
$320,000
Premium/Discount to List
$5,100
1.62%
Current Estimated Value
$446,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,432
Avg. Annual Appreciation
7.11%
Original Mortgage
$200,000
Outstanding Balance
$179,311
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$267,121

Purchase Details

Closed on
Aug 30, 2019
Sold by
Mcleod Rachel K and Mcleod Tracy J
Bought by
Cristobal Rachel K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,700
Interest Rate
3.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Jan 11, 2018
Closed on
Apr 10, 2018
Sold by
Weed Philip A and Putnik Maja V
Bought by
Mcleod Rachel K and Mcleod Tracy J
Seller's Agent
Merry Fox Team
MerryFox Realty
Buyer's Agent
Sara Hrono
Century 21 North East
List Price
$284,900
Sold Price
$285,000
Premium/Discount to List
$100
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.53%
Original Mortgage
$270,750
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2007
Sold by
Verge Francine
Bought by
Weed Philip A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,250
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Range of Values:

Collateral Analytics

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ICE

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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
Abramova Tatyana $320,000 None Available
Cristobal Rachel K -- --
Mcleod Rachel K $285,000 --
Weed Philip A $267,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abramova Tatyana $200,000
Previous Owner Cristobal Rachel K $271,700
Previous Owner Mcleod Rachel K $270,750
Previous Owner Weed Philip A $201,000
Previous Owner Verge Francie C $184,164
Previous Owner Verge Francie C $200,250
Previous Owner Verge Francie C $66,750
Previous Owner Verge Francie C $59,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2022 10/01/22 Rented $2,500 0.0% --
08/29/2022 08/29/22 Under Contract -- -- --
08/23/2022 08/23/22 For Rent $2,500 0.0% --
07/10/2020 07/10/20 Sold $320,000 +1.6% $364 / Sq Ft
05/19/2020 05/19/20 Pending -- -- --
05/15/2020 05/15/20 For Sale $314,900 +10.5% $358 / Sq Ft
04/10/2018 04/10/18 Sold $285,000 0.0% $324 / Sq Ft
01/24/2018 01/24/18 Pending -- -- --
01/11/2018 01/11/18 For Sale $284,900 -- $324 / Sq Ft

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 $4,560 $402,100 $0 $402,100
2024 $4,388 $377,600 $0 $377,600
2023 $4,150 $331,700 $0 $331,700
2022 $4,135 $312,100 $0 $312,100
2021 $4,034 $292,300 $0 $292,300
2020 $3,962 $274,200 $0 $274,200
2019 $3,861 $255,700 $0 $255,700
2018 $3,684 $239,500 $0 $239,500
2017 $3,434 $216,500 $0 $216,500
2016 $3,262 $208,200 $0 $208,200
2015 $3,336 $203,300 $0 $203,300
Source: Public Records

Agents Affiliated with this Home

  • Ann Gray

    Seller's Agent in 2022

    Ann Gray

    Coldwell Banker Realty - Beverly

    (978) 407-4468

    26 Total Sales

    Ann Gray
    Section Image

  • E

    Seller's Agent in 2020

    Eliot Cristobal

    EXIT Realty Beatrice Associates

    Section Image
  • The Mavroules Team

    Buyer's Agent in 2020

    The Mavroules Team

    Good Deeds Realty Partners

    (781) 866-6195

    3 in this area

    148 Total Sales

    The Mavroules Team
    Section Image

  • M

    Seller's Agent in 2018

    Merry Fox Team

    MerryFox Realty

    24 in this area

    281 Total Sales

    Merry Fox Team
    Section Image
  • Dan Fox

    Seller Co-Listing Agent in 2018

    Dan Fox

    MerryFox Realty

    (978) 740-0008

    15 in this area

    103 Total Sales

    Dan Fox
    Section Image
  • Sara Hrono

    Buyer's Agent in 2018

    Sara Hrono

    Century 21 North East

    (617) 222-0931

    175 Total Sales

    Sara Hrono
    Section Image
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Map

Massachusetts Essex County Salem 01970 Salem Common

5 Mall St Unit 1, Salem, MA

Homes for Sale in Salem, MA

This home is located at 5 Mall St Unit 1, Salem, MA 01970 and is currently estimated at $446,432, approximately $507 per square foot. 5 Mall St Unit 1 is a home located in Essex County with nearby schools including Carlton Elementary School, Saltonstall 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.

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