5 School St Unit 8 Salem, MA 01970
North Salem Neighborhood
2
Beds
1.5
Baths
1,329
Sq Ft
$442/mo
HOA Fee
Highlights
- Deck
- Wood Flooring
- Solid Surface Countertops
- Property is near public transit
- 1 Fireplace
- 1-minute walk to Patten Park
About This Home
As of October 2024Spacious 2-3 bedroom, 1.5 bath townhouse located in the historic Cogswell School in North Salem. This beautiful corner unit features a gas fireplace and has a wonderful floor plan with soaring ceilings and lots natural sunlight. Many updates include a custom kitchen with stainless appliances, granite countertops and a breakfast bar. Located off the kitchen is a private office, dining room, or 3rd bedroom. In unit laundry. Central air conditioning and central vac! Well managed owner association with a reasonable condo fee. Two deeded parking spaces. There is a balcony is off the main living area offering outdoor space. This townhouse is steps from the commuter rail and everything that Salem has to offer.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $4,449
Year Built
- Built in 1862
HOA Fees
- $442 Monthly HOA Fees
Home Design
- Brick Exterior Construction
- Shingle Roof
Interior Spaces
- 1,329 Sq Ft Home
- 2-Story Property
- Central Vacuum
- Ceiling Fan
- Skylights
- Recessed Lighting
- 1 Fireplace
- French Doors
- Dining Area
- Home Office
- Wood Flooring
Kitchen
- Breakfast Bar
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Solid Surface Countertops
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary bedroom located on second floor
- Walk-In Closet
Laundry
- Laundry on upper level
- Dryer
- Washer
Parking
- 2 Car Parking Spaces
- Deeded Parking
Outdoor Features
- Balcony
- Deck
Location
- Property is near public transit
- Property is near schools
Schools
- Choice Elementary School
- Collins Middle School
- Salem High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 2133027
Community Details
Overview
- Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal
- 8 Units
- Cogswell Condominium Community
Amenities
- Shops
Recreation
- Park
Pet Policy
- Call for details about the types of pets allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 8, 2024
Closed on
Oct 24, 2024
Sold by
Bonner Sharon D
Bought by
Adams Zachary and Desouza Juanita
Seller's Agent
Deborah Terlik
Keller Williams Realty Evolution
Buyer's Agent
Stephanie Walsh
Compass
List Price
$449,000
Sold Price
$480,000
Premium/Discount to List
$31,000
6.9%
Total Days on Market
10
Views
68
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,179
Avg. Annual Appreciation
-0.82%
Original Mortgage
$465,600
Outstanding Balance
$463,347
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$14,417
Purchase Details
Closed on
May 31, 2001
Sold by
Kunselman Isabelle A
Bought by
Bonner David C and Bonner Sharon D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,200
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 16, 1988
Sold by
Loring Devlp Corp
Bought by
Moretti Denise A
Map
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Similar Homes in Salem, MA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Condominium Deed | $480,000 | None Available | |
| Condominium Deed | $480,000 | None Available | |
| Deed | $228,000 | -- | |
| Deed | $228,000 | -- | |
| Deed | $179,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $465,600 | Purchase Money Mortgage | |
| Closed | $465,600 | Purchase Money Mortgage | |
| Previous Owner | $205,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $75,000 | No Value Available | |
| Previous Owner | $170,000 | No Value Available | |
| Previous Owner | $205,200 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/24/2024 10/24/24 | Sold | $480,000 | +6.9% | $361 / Sq Ft |
| 09/18/2024 09/18/24 | Pending | -- | -- | -- |
| 09/08/2024 09/08/24 | For Sale | $449,000 | -- | $338 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $4,589 | $404,700 | $0 | $404,700 |
| 2024 | $4,449 | $382,900 | $0 | $382,900 |
| 2023 | $4,698 | $375,500 | $0 | $375,500 |
| 2022 | $4,518 | $341,000 | $0 | $341,000 |
| 2021 | $4,401 | $318,900 | $0 | $318,900 |
| 2020 | $4,279 | $296,100 | $0 | $296,100 |
| 2019 | $4,195 | $277,800 | $0 | $277,800 |
| 2018 | $3,988 | $259,300 | $0 | $259,300 |
| 2017 | $3,884 | $244,900 | $0 | $244,900 |
| 2016 | $3,737 | $238,500 | $0 | $238,500 |
| 2015 | $3,743 | $228,100 | $0 | $228,100 |
Source: Public Records
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73287202
APN: SALE-000027-000000-000081-000808-000808
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.
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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