NOT LISTED FOR SALE

55 Lawrence St Unit 3 Salem, MA 01970

Castle Hill Neighborhood

Estimated Value: $312,000 - $499,000

3 Beds
1 Bath
918 Sq Ft
2,614 Sq Ft Lot

Last Sold February 10, 2014

Last sale price $80,900 $88 Per Sq Ft

Est. 386% increase in value since last sale

Current estimated payment $2,405/month

36 Days on Market

Highlights

  • Medical Services
  • No HOA
  • Baseboard Heating
  • Wood Flooring
  • Porch
  • 1-minute walk to St. Annes Park

About This Home

As of February 2014

LOKING FOR CASH OFFER. PRICED $45,000 BELOW ASSESSED VALUE. IDEAL FOR INVESTORS. NUMBERS WORK. Modern kitchen and bath. New oak floors in living room and bedrooms (2 years ago). Located 1 mile from North Shore Medical Center/Salem Hospital. RENTED FOR $1100.00 PER MONTH (lease through May).

Last Agent to Sell the Property

David Cohen

Armory Realty Listed on: 11/12/2013

Last Buyer's Agent

Andrea Dodge

Coldwell Banker Realty - Marblehead

Coldwell Banker Realty - Marblehead

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1900

Lot Details

  • 2,614

Home Design

  • Frame Construction

Interior Spaces

  • 918 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Car Parking Space
  • Off-Street Parking

Outdoor Features

  • Porch

Utilities

  • No Cooling
  • 1 Heating Zone
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • 110 Volts
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number M:23 L:0115 S:803,4654267

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Medical Services

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: 2/3 Family
  • Year Built: 1900
  • Buyer Agency: 2.25%
  • Buyer Agency Type: %
  • Entry Level: 3
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood
  • Fireplace YN: No
  • Appliances: Range,Refrigerator, Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Living Area: 918
  • Stories Total: 3
  • MAIN LO: NB5236
  • LIST PRICE PER Sq Ft: 93.57
  • PRICE PER Sq Ft: 88.13
  • MAIN SO: an6181

Exterior Features

  • Construction Materials: Frame
  • Patio And Porch Features: Porch
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: None
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: No
  • Electric: 110 Volts, Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Medical Facility
  • UNIT BUILDING: 3

Lot Info

  • Parcel Number: M:23 L:0115 S:803,4654267
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2613.6
  • Lot Size Units: Acres
  • LOT SIZE: 2572
  • PAGE: 65

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 2031
  • Tax Book Number: 29813

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2013
Closed on
Feb 10, 2014
Sold by
55 Lawrence Rt
Bought by
Peng Xue F
Seller's Agent
David Cohen
Armory Realty
Buyer's Agent
Andrea Dodge
Coldwell Banker Realty - Marblehead
List Price
$79,900
Sold Price
$80,900
Premium/Discount to List
$1,000
1.25%
Current Estimated Value
$392,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,074
Avg. Annual Appreciation
14.48%

Purchase Details

Closed on
Sep 29, 2010
Sold by
Fhlmc
Bought by
55 Lawrence Rt

Purchase Details

Closed on
Sep 14, 2009
Sold by
Delacruz Medelin
Bought by
Fhlmc

Purchase Details

Closed on
May 29, 2008
Sold by
Indymac Bk
Bought by
Fhlmc

Purchase Details

Closed on
May 8, 2008
Sold by
Delacruz Medelin
Bought by
Fhlmc

Purchase Details

Closed on
Feb 27, 2007
Sold by
Bradley Gregory
Bought by
Delacruz Medelin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.23%
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
Peng Xue F $80,900 --
55 Lawrence Rt $40,000 --
Fhlmc $57,691 --
Fhlmc -- --
Fhlmc $129,754 --
Delacruz Medelin $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Delacruz Medelin $184,000
Previous Owner Delacruz Medelin $46,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2014 02/10/14 Sold $80,900 0.0% $88 / Sq Ft
12/18/2013 12/18/13 Off Market $80,900 -- --
11/22/2013 11/22/13 Price Changed $85,900 +7.5% $94 / Sq Ft
11/12/2013 11/12/13 For Sale $79,900 -- $87 / 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 $3,041 $268,200 $0 $268,200
2024 $2,961 $254,800 $0 $254,800
2023 $2,807 $224,400 $0 $224,400
2022 $2,723 $205,500 $0 $205,500
2021 $2,679 $194,100 $0 $194,100
2020 $2,646 $183,100 $0 $183,100
2019 $2,632 $174,300 $0 $174,300
2018 $2,378 $154,600 $0 $154,600
2017 $2,328 $146,800 $0 $146,800
2016 $2,144 $136,800 $0 $136,800
2015 $2,094 $127,600 $0 $127,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71607485

MLS Property Information Network (MLS PIN)

APN: SALE-000023-000000-000115-000803-000803