Seller's Agent in 2024
Jack Brown
RE/MAX
(508) 284-5098
5 in this area
158 Total Sales
55 Ocean Ave Unit 2 Salem, MA 01970
South Salem NeighborhoodEstimated Value: $434,000 - $500,000
2
Beds
1
Bath
1,182
Sq Ft
$235/mo
HOA Fee
Highlights
- Medical Services
- Wood Flooring
- Window Unit Cooling System
- Property is near public transit
- Jogging Path
- Park
About This Home
As of September 2024Fantastic location! With a Walk Score® of 83, you'll enjoy the close proximity to Forest River Park and all that downtown Salem has to offer. The hardwood floors and period Victorian detail bring warmth and character to this 2-bedroom condo in South Salem. Large windows let in lots of natural light and high ceilings give you space to breath! There is a spacious living room and dining room with the original fireplace mantle, and the kitchen has convenient built-in shelves and a new dishwasher. Additionally, this home has an updated bathroom, an office (or workout room, if you prefer), in-unit laundry, deeded parking, extra exclusive storage in the basement, the exclusive right to build a deck off the side/front of the building over the existing porch roof, and a raised garden bed. The gas boiler is less than 10 years old. The association is pet friendly (some breed restrictions - see condo docs). The yard and front porch are common spaces. Showings begin at the open houses.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,638
Year Built
- Built in 1895
Lot Details
- Near Conservation Area
HOA Fees
- $235 Monthly HOA Fees
Home Design
- Entry on the 2nd floor
Interior Spaces
- 1,182 Sq Ft Home
- 1-Story Property
- Basement
Kitchen
- Range
- Dishwasher
- Disposal
Flooring
- Wood
- Pine Flooring
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- 1 Car Parking Space
- Off-Street Parking
- Deeded Parking
Location
- Property is near public transit
- Property is near schools
Utilities
- Window Unit Cooling System
- 1 Heating Zone
- Heating System Uses Natural Gas
- Hot Water Heating System
- 100 Amp Service
Listing and Financial Details
- Assessor Parcel Number M:33 L:0393 S:802,4421183
Community Details
Overview
- Association fees include water, sewer, insurance, maintenance structure, snow removal, trash
- 3 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
- Bike Trail
Pet Policy
- Call for details about the types of pets allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 23, 2024
Closed on
Sep 4, 2024
Sold by
Kenney Kristin M and Kenney Kristopher M
Bought by
Widuta Michael
Seller's Agent
Jack Brown
RE/MAX Beacon
Buyer's Agent
Merry Fox Team
MerryFox Realty
List Price
$424,900
Sold Price
$450,000
Premium/Discount to List
$25,100
5.91%
Total Days on Market
7
Views
31
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
$19,516
Avg. Annual Appreciation
2.58%
Original Mortgage
$390,000
Outstanding Balance
$386,576
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$75,527
Purchase Details
Listed on
Jan 20, 2019
Closed on
Feb 20, 2019
Sold by
Payne Andrew L
Bought by
Macdonald-Kenney Kristin and Kenney Kristopher M
Seller's Agent
Kathie Strout
Century 21 North East
Buyer's Agent
Jack Brown
RE/MAX Beacon
List Price
$299,000
Sold Price
$310,000
Premium/Discount to List
$11,000
3.68%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.97%
Original Mortgage
$279,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 6, 2013
Closed on
Sep 20, 2013
Sold by
Cheng Anthony and Etringer Lori A
Bought by
Payne Andrew L
Seller's Agent
Doug Morrow
Churchill Properties
Buyer's Agent
Ron Dobrosielski
Diamond Key Real Estate
List Price
$199,900
Sold Price
$197,500
Premium/Discount to List
-$2,400
-1.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.64%
Original Mortgage
$191,575
Interest Rate
4.42%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Widuta Michael | $450,000 | None Available | |
| Widuta Michael | $450,000 | None Available | |
| Macdonald-Kenney Kristin | $310,000 | -- | |
| Payne Andrew L | $197,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Widuta Michael | $390,000 | |
| Closed | Widuta Michael | $30,000 | |
| Closed | Widuta Michael | $390,000 | |
| Previous Owner | Macdonald | $277,000 | |
| Previous Owner | Macdonald-Kenney Kristin | $279,000 | |
| Previous Owner | Payne Andrew L | $189,000 | |
| Previous Owner | Payne Andrew L | $191,575 | |
| Previous Owner | Cheng Anthony | $170,473 | |
| Previous Owner | Cheng Anthony | $172,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2024 09/04/24 | Sold | $450,000 | +5.9% | $381 / Sq Ft |
| 07/31/2024 07/31/24 | Pending | -- | -- | -- |
| 07/23/2024 07/23/24 | For Sale | $424,900 | +37.1% | $359 / Sq Ft |
| 02/26/2019 02/26/19 | Sold | $310,000 | +3.7% | $262 / Sq Ft |
| 01/29/2019 01/29/19 | Pending | -- | -- | -- |
| 01/20/2019 01/20/19 | For Sale | $299,000 | +51.4% | $253 / Sq Ft |
| 09/20/2013 09/20/13 | Sold | $197,500 | 0.0% | $167 / Sq Ft |
| 09/12/2013 09/12/13 | Pending | -- | -- | -- |
| 08/06/2013 08/06/13 | Off Market | $197,500 | -- | -- |
| 06/24/2013 06/24/13 | For Sale | $199,900 | 0.0% | $169 / Sq Ft |
| 06/13/2013 06/13/13 | Pending | -- | -- | -- |
| 06/06/2013 06/06/13 | For Sale | $199,900 | -- | $169 / 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 | $4,747 | $418,600 | $0 | $418,600 |
| 2024 | $4,638 | $399,100 | $0 | $399,100 |
| 2023 | $4,479 | $358,000 | $0 | $358,000 |
| 2022 | $4,350 | $328,300 | $0 | $328,300 |
| 2021 | $4,281 | $310,200 | $0 | $310,200 |
| 2020 | $4,193 | $290,200 | $0 | $290,200 |
| 2019 | $3,982 | $263,700 | $0 | $263,700 |
| 2018 | $3,699 | $240,500 | $0 | $240,500 |
| 2017 | $3,573 | $225,300 | $0 | $225,300 |
| 2016 | $3,382 | $215,800 | $0 | $215,800 |
| 2015 | $3,385 | $206,300 | $0 | $206,300 |
Source: Public Records
Agents Affiliated with this Home
-
Jack Brown
-
Merry Fox Team
M
Buyer's Agent in 2024
Merry Fox Team
MerryFox Realty
21 in this area
266 Total Sales
-
Kathie Strout
K
Seller's Agent in 2019
Kathie Strout
Century 21 North East
(978) 717-9044
4 in this area
15 Total Sales
-
Doug Morrow
Seller's Agent in 2013
Doug Morrow
Churchill Properties
(978) 500-1234
1 in this area
18 Total Sales
-
Ron Dobrosielski
Buyer's Agent in 2013
Ron Dobrosielski
Diamond Key Real Estate
(978) 481-7105
14 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73268367
APN: SALE-000033-000000-000393-000802-000802
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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