55 Ocean Ave Unit 3 Salem, MA 01970
South Salem NeighborhoodEstimated Value: $466,000 - $493,582
3
Beds
1
Bath
1,395
Sq Ft
4,356
Sq Ft Lot
Highlights
- Golf Course Community
- No Units Above
- Wood Flooring
- Medical Services
- Property is near public transit
- 2 Fireplaces
About This Home
As of July 2022Beautiful Penthouse Condo with Victorian detail! This Home features 3 Bedrooms, 1 Bath, and nearly 1400 sq ft of living space. Spacious Kitchen with Upgraded Cabinets, Granite, SS Appliances, and Backsplash. Formal Dining Room with a Built-in Bar and Electric Fireplace. Bathroom with original Clawfoot Tub. Large living room loaded with Natural Light, Gleaming HW Floors, Faux Fireplace, and detailed crown molding. Gas Heating System (2015) Unit's own Washer/dryer in the basement. Ideal location to Commuter Rail, Short walk to downtown, Forest River Park, Salem Harbor, Salem State University, and restaurants. Unit comes with 1 deeded off street parking, shared grounds, patio, porch, and one garden bed for tenant’s use. Tons of storage with its closet space, attic, and blocked off basement area.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,418
Year Built
- Built in 1895
Lot Details
- No Units Above
- Garden
Home Design
- Frame Construction
- Slate Roof
Interior Spaces
- 1,395 Sq Ft Home
- 3-Story Property
- 2 Fireplaces
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Parking
- 1 Car Parking Space
- Off-Street Parking
- Deeded Parking
Outdoor Features
- Walking Distance to Water
- Patio
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- 100 Amp Service
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number M:33 L:0393 S:803,4235905
Community Details
Overview
- Property has a Home Owners Association
- Association fees include water, sewer, insurance, maintenance structure
- 3 Units
Amenities
- Medical Services
- Community Garden
- Common Area
- Shops
- Laundry Facilities
Recreation
- Golf Course Community
- Tennis Courts
- Park
Pet Policy
- Call for details about the types of pets allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 30, 2018
Closed on
Jan 14, 2019
Sold by
Francesco & R Sabelli Ret
Bought by
Gallo Alisha M
Seller's Agent
Kathie Strout
Century 21 North East
Buyer's Agent
Connolly Gallo Team
List Price
$299,900
Sold Price
$303,900
Premium/Discount to List
$4,000
1.33%
Total Days on Market
1
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
$176,246
Avg. Annual Appreciation
7.48%
Original Mortgage
$294,783
Outstanding Balance
$263,224
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$217,461
Purchase Details
Closed on
Sep 16, 2016
Sold by
Sabelli Francesco and Sabelli Rachael
Bought by
Rachael Sabelli Ret
Purchase Details
Listed on
Aug 11, 2015
Closed on
Apr 28, 2016
Sold by
Hoey 3Rd William and Hoey Melissa
Bought by
Sabelli Francesco
Seller's Agent
Bill Hoey
RE/MAX Renaissance Inc.
Buyer's Agent
Pam McKee
Keller Williams Realty Evolution
List Price
$259,900
Sold Price
$258,000
Premium/Discount to List
-$1,900
-0.73%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.09%
Original Mortgage
$178,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Apr 14, 2005
Sold by
Lindsay John and Lindsay Kathy
Bought by
Hoey 3Rd William
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
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
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gallo Alisha M | $303,900 | None Available | |
| Rachael Sabelli Ret | -- | -- | |
| Sabelli Francesco | $258,000 | -- | |
| Hoey 3Rd William | $275,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gallo Alisha M | $294,783 | |
| Previous Owner | Sabelli Francesco | $178,000 | |
| Previous Owner | Lindsay John G | $193,600 | |
| Previous Owner | Lindsay John G | $220,000 | |
| Previous Owner | Lindsay John G | $41,000 | |
| Previous Owner | Lindsay John G | $261,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2022 07/08/22 | Sold | $430,000 | +7.5% | $308 / Sq Ft |
| 06/17/2022 06/17/22 | Pending | -- | -- | -- |
| 06/15/2022 06/15/22 | For Sale | $399,900 | +31.6% | $287 / Sq Ft |
| 01/17/2019 01/17/19 | Sold | $303,900 | +1.3% | $218 / Sq Ft |
| 12/12/2018 12/12/18 | Pending | -- | -- | -- |
| 11/30/2018 11/30/18 | For Sale | $299,900 | +16.2% | $215 / Sq Ft |
| 04/28/2016 04/28/16 | Sold | $258,000 | 0.0% | $185 / Sq Ft |
| 03/01/2016 03/01/16 | Pending | -- | -- | -- |
| 02/28/2016 02/28/16 | Off Market | $258,000 | -- | -- |
| 02/19/2016 02/19/16 | Pending | -- | -- | -- |
| 09/23/2015 09/23/15 | For Sale | $259,900 | +0.7% | $186 / Sq Ft |
| 09/21/2015 09/21/15 | Off Market | $258,000 | -- | -- |
| 08/11/2015 08/11/15 | For Sale | $259,900 | -- | $186 / 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 | $4,927 | $434,500 | $0 | $434,500 |
| 2024 | $4,804 | $413,400 | $0 | $413,400 |
| 2023 | $4,657 | $372,300 | $0 | $372,300 |
| 2022 | $4,418 | $333,400 | $0 | $333,400 |
| 2021 | $4,347 | $315,000 | $0 | $315,000 |
| 2020 | $4,254 | $294,400 | $0 | $294,400 |
| 2019 | $4,038 | $267,400 | $0 | $267,400 |
| 2018 | $3,748 | $243,700 | $0 | $243,700 |
| 2017 | $3,673 | $231,600 | $0 | $231,600 |
| 2016 | $3,476 | $221,800 | $0 | $221,800 |
| 2015 | $3,479 | $212,000 | $0 | $212,000 |
Source: Public Records
Agents Affiliated with this Home
-
Connolly Gallo Team
Seller's Agent in 2022
Connolly Gallo Team
(978) 808-6718
2 in this area
94 Total Sales
-
Debbie Schradieck
Buyer's Agent in 2022
Debbie Schradieck
RE/MAX
(508) 951-6441
1 in this area
29 Total Sales
-
Kathie Strout
K
Seller's Agent in 2019
Kathie Strout
Century 21 North East
(978) 717-9044
3 in this area
14 Total Sales
-
Bill Hoey
Seller's Agent in 2016
Bill Hoey
RE/MAX
(978) 276-1000
17 Total Sales
-
Pam McKee
Buyer's Agent in 2016
Pam McKee
Keller Williams Realty Evolution
(978) 500-4047
14 in this area
107 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72997761
APN: SALE-000033-000000-000393-000803-000803
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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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