NOT LISTED FOR SALE

5 School St Unit 3 Salem, MA 01970

North Salem Neighborhood

Estimated Value: $451,000 - $555,000

2 Beds
2 Baths
1,134 Sq Ft
1862 Built

Last Sold February 26, 2016

Last sale price $260,000 $229 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $2,974/month

21 Days on Market

About This Home

As of February 2016

Beautifully appointed and updated garden-style condominium in the award winning Cogswell Condominium. Formerly a city of Salem grammar school built around 1862 it was sold to a private developer in the late 1980's and totally reconfigured and built-out as a condominium. Most of the hardwood flooring from the school-house days were preserved and refinished. An open floor plan greets you with high ceilings and a bright and sunny feel to all rooms helped by the oversized windows and french doors leading to the personal deck adjacent to the living room. A wood burning fireplace serves as a welcoming focal point of the open spaces. A redesigned kitchen boasts gas cooking, two-tiered peninsula features tastefully granite counter tops and double tiered cabinetry with glass show panes in the upper cabinetry. Easy access to both public transportation and highways for optional commuting opportunities. Come to Salem offering all of the pleasures of city living without the city hassles.

Last Agent to Sell the Property

Mary Ellen Galaris

RE/MAX Advantage Real Estate License #454001113 Listed on: 10/05/2015

Last Buyer's Agent

Chris Fornaciari

Boston Metro Realty

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,479

Year Built

1862

Lot Details

0

Listing Details

  • Unit Level: 1
  • Unit Placement: Front, Back
  • Other Agent: 2.00
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1862

Interior Features

  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
  • Fireplaces: 1
  • Has Basement: No
  • Fireplaces: 1
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Park, Golf Course, Medical Facility, Highway Access, T-Station
  • Electric: Circuit Breakers
  • Energy: Insulated Windows
  • Flooring: Tile, Hardwood
  • Interior Amenities: Cable Available, French Doors
  • Bedroom 2: First Floor
  • Bathroom #1: First Floor
  • Bathroom #2: First Floor
  • Kitchen: First Floor
  • Laundry Room: First Floor
  • Living Room: First Floor
  • Master Bedroom: First Floor
  • Master Bedroom Description: Closet, Flooring - Hardwood
  • Dining Room: First Floor

Exterior Features

  • Construction: Brick
  • Exterior: Brick
  • Exterior Unit Features: Deck - Wood

Garage/Parking

  • Parking: Off-Street, Assigned, Paved Driveway, Exclusive Parking
  • Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating: Central Heat, Forced Air, Gas, Individual
  • Cooling Zones: 1
  • Heat Zones: 1
  • Hot Water: Natural Gas, Tankless
  • Utility Connections: for Gas Range, for Gas Oven

Condo/Co-op/Association

  • Condominium Name: Cogswell Condominium
  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping, Snow Removal, Refuse Removal, Reserve Funds
  • Association Pool: No
  • Management: Owner Association
  • Pets Allowed: Yes w/ Restrictions
  • No Units: 8
  • Unit Building: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2015
Closed on
Feb 26, 2016
Sold by
Sweeney Michele M
Bought by
Locke Timothy G
Seller's Agent
Mary Ellen Galaris
RE/MAX Advantage Real Estate
Buyer's Agent
Chris Fornaciari
Boston Metro Realty
List Price
$259,900
Sold Price
$260,000
Premium/Discount to List
$100
0.04%
Current Estimated Value
$490,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$230,467
Avg. Annual Appreciation
6.83%
Original Mortgage
$208,000
Outstanding Balance
$166,520
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$323,947

Purchase Details

Closed on
Jan 31, 2007
Sold by
Prokopy Martha C
Bought by
Sweeney Michele M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,920
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 1997
Sold by
Mielcarz Irene J
Bought by
Prokopy Martha C and Prokopy John A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
7.7%
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
Locke Timothy G $260,000 --
Sweeney Michele M $219,900 --
Prokopy Martha C $114,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Locke Timothy G $208,000
Previous Owner Prokopy Martha C $168,600
Previous Owner Prokopy Martha C $175,920
Previous Owner Prokopy Martha C $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2016 02/26/16 Sold $260,000 0.0% $229 / Sq Ft
10/26/2015 10/26/15 Pending -- -- --
10/05/2015 10/05/15 For Sale $259,900 -- $229 / 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 $4,479 $395,000 $0 $395,000
2024 $4,317 $371,500 $0 $371,500
2023 $4,535 $362,500 $0 $362,500
2022 $4,367 $329,600 $0 $329,600
2021 $4,255 $308,300 $0 $308,300
2020 $4,138 $286,400 $0 $286,400
2019 $4,063 $269,100 $0 $269,100
2018 $3,868 $251,500 $0 $251,500
2017 $3,848 $242,600 $0 $242,600
2016 $3,631 $231,700 $0 $231,700
2015 $3,640 $221,800 $0 $221,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Mary Ellen Galaris

    RE/MAX

  • C

    Buyer's Agent in 2016

    Chris Fornaciari

    Boston Metro Realty

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71914477

MLS Property Information Network (MLS PIN)

APN: SALE-000027-000000-000081-000803-000803

Massachusetts Essex County Salem 01970 North Salem

5 School St Unit 3, Salem, MA

This home is located at 5 School St Unit 3, Salem, MA 01970 since 05 October 2015 and is currently estimated at $490,467, approximately $432 per square foot. This property was built in 1862. 5 School St Unit 3 is a home located in Essex County with nearby schools including Bates Elementary School, Saltonstall School, and Carlton Elementary School.

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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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