B
Seller's Agent in 2024
Button and Co.
Laer Realty
2 in this area
225 Total Sales
55 Ocean Ave Unit 1 Salem, MA 01970
South Salem NeighborhoodEstimated Value: $422,000 - $502,000
2
Beds
1
Bath
1,168
Sq Ft
$235/mo
HOA Fee
Highlights
- Medical Services
- Property is near public transit
- Corner Lot
- Deck
- Wood Flooring
- Community Pool
About This Home
As of October 2024This delightful 2-bedroom condo in South Salem offers a perfect blend of historical charm and modern convenience. With stunning hardwood floors and period Victorian details, this space exudes warmth and character. The large windows and high ceilings provide a bright and airy atmosphere throughout. With its prime location just steps from Forest River Park and the vibrant downtown area, you'll enjoy easy access to green spaces, dining, and shopping. This pet- friendly unit offers exclusive parking, laundry, and storage. Don’t miss out on the chance to make 55 Ocean Ave your new address. Visit us at the open houses and experience the best of Salem Living!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,690
Year Built
- Built in 1895
Lot Details
- 4,356
HOA Fees
- $235 Monthly HOA Fees
Home Design
- Entry on the 1st floor
- Frame Construction
Interior Spaces
- 1,168 Sq Ft Home
- 1-Story Property
- Crown Molding
- Ceiling Fan
- Recessed Lighting
- Bay Window
- Pocket Doors
- Dining Room with Fireplace
Kitchen
- Stove
- Range
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- Dual Closets
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Basement
- Exterior Basement Entry
- Laundry in Basement
Parking
- 1 Car Parking Space
- On-Street Parking
- Open Parking
- Deeded Parking
Outdoor Features
- Balcony
- Deck
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- Forced Air Heating System
- 1 Heating Zone
- Heating System Uses Natural Gas
- 100 Amp Service
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 4235905
Community Details
Overview
- Association fees include water, sewer, insurance, maintenance structure, snow removal, trash
- 3 Units
- 55 Ocean Avenue Condominium Community
Amenities
- Medical Services
- Shops
- Laundry Facilities
Recreation
- Tennis Courts
- Community Pool
- Park
Pet Policy
- Call for details about the types of pets allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 24, 2012
Closed on
Oct 31, 2012
Sold by
Morin Michelle and Morin Debra R
Bought by
Cevallos Corinto R
Seller's Agent
Ted Richard
J. Barrett & Company
Buyer's Agent
Tony Gimenez
Streetcar Realty
List Price
$181,500
Sold Price
$178,000
Premium/Discount to List
-$3,500
-1.93%
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
$285,590
Avg. Annual Appreciation
7.57%
Original Mortgage
$169,100
Outstanding Balance
$117,458
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$346,132
Purchase Details
Closed on
Aug 24, 2009
Sold by
Jones Christopher and Jones Emily
Bought by
Morin Michelle
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
5.19%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 23, 2002
Sold by
Newburg Richard F and Newburg Stephen F
Bought by
Jones Christopher
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cevallos Corinto R | $178,000 | -- | |
| Morin Michelle | $196,950 | -- | |
| Morin Michelle | $196,950 | -- | |
| Jones Christopher | $216,900 | -- | |
| Jones Christopher | $216,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jones Christopher | $169,100 | |
| Closed | Jones Christopher | $169,100 | |
| Previous Owner | Jones Christopher | $145,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/21/2024 10/21/24 | Sold | $450,000 | +3.4% | $385 / Sq Ft | |
| 08/22/2024 08/22/24 | Pending | -- | -- | -- | |
| 08/15/2024 08/15/24 | For Sale | $435,000 | +144.4% | $372 / Sq Ft | |
| 10/31/2012 10/31/12 | Sold | $178,000 | -1.9% | $152 / Sq Ft | View Prior Sale |
| 09/09/2012 09/09/12 | Pending | -- | -- | -- | |
| 08/24/2012 08/24/12 | For Sale | $181,500 | -- | $155 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $4,779 | $421,400 | $0 | $421,400 |
| 2024 | $4,690 | $403,600 | $0 | $403,600 |
| 2023 | $4,595 | $367,300 | $0 | $367,300 |
| 2022 | $4,455 | $336,200 | $0 | $336,200 |
| 2021 | $4,384 | $317,700 | $0 | $317,700 |
| 2020 | $4,289 | $296,800 | $0 | $296,800 |
| 2019 | $4,068 | $269,400 | $0 | $269,400 |
| 2018 | $3,773 | $245,300 | $0 | $245,300 |
| 2017 | $3,695 | $233,000 | $0 | $233,000 |
| 2016 | $3,498 | $223,200 | $0 | $223,200 |
| 2015 | $3,500 | $213,300 | $0 | $213,300 |
Source: Public Records
Agents Affiliated with this Home
-
Button and Co.
-
Rita Pisapia
R
Seller Co-Listing Agent in 2024
Rita Pisapia
Laer Realty
(617) 803-0205
1 in this area
25 Total Sales
-
Stephen O'Connell
S
Buyer's Agent in 2024
Stephen O'Connell
MerryFox Realty
(978) 740-0008
1 in this area
12 Total Sales
-
Ted Richard
Seller's Agent in 2012
Ted Richard
J. Barrett & Company
(978) 921-1117
4 in this area
65 Total Sales
-
T
Buyer's Agent in 2012
Tony Gimenez
Streetcar Realty
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73278372
APN: SALE-000033-000000-000393-000801-000801
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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