55 Ocean Ave Unit 3 Salem, MA 01970
South Salem Neighborhood
3
Beds
1
Bath
1,395
Sq Ft
4,356
Sq Ft Lot
About This Home
As of July 2022AWESOME CONDO!!! Best VALUE in SALEM! Move in ready Top Level Unit in a Classic Queen Ann Victorian (3) family home. Rooms are flooded with light from the oversized double glass windows. High ceilings and spacious rooms give you the feeling of a single family home. Beautiful hardwood floors throughout and a large dining room for Holiday gatherings. Bay windowed dining room also has a built in china cabinet, additional closet and amazing carved wood mantle. Lots of room in the fully appliance kitchen with center island sit down eating space. All three bedrooms are good size with closets. Super location just one block from a bus stop on Lafayette St. Really short 5 or 6 minute walk to Salem State University, Salem Harbor and Forest River Park. Off street parking for (1) car and secure storage in the basement. Nice place to call home! New heating system in November.
Property Details
Home Type
Condominium
Est. Annual Taxes
$4,927
Year Built
1895
Lot Details
0
Listing Details
- Unit Level: 3
- Unit Placement: Top/Penthouse
- Property Type: Condominium/Co-Op
- Other Agent: 1.00
- Lead Paint: Unknown
- Year Round: Yes
- Special Features: None
- Property Sub Type: Condos
- Year Built: 1895
Interior Features
- Appliances: Range, Dishwasher, Disposal, Refrigerator
- Has Basement: Yes
- Number of Rooms: 6
- Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, T-Station, University
- Electric: 220 Volts, Circuit Breakers
- Energy: Insulated Windows
- Flooring: Vinyl, Hardwood
- Interior Amenities: Cable Available
- Bedroom 2: Third Floor, 13X10
- Bedroom 3: Third Floor, 13X10
- Bathroom #1: Third Floor
- Kitchen: Third Floor, 16X11
- Laundry Room: Basement
- Living Room: Third Floor, 16X15
- Master Bedroom: Third Floor, 12X11
- Master Bedroom Description: Ceiling Fan(s), Closet, Flooring - Hardwood
- Dining Room: Third Floor, 16X13
- No Living Levels: 1
Exterior Features
- Roof: Slate
- Construction: Frame, Stone/Concrete
- Exterior: Shingles
- Exterior Unit Features: Porch, Gutters
- Beach Ownership: Public
Garage/Parking
- Parking: Off-Street, Assigned, Deeded
- Parking Spaces: 1
Utilities
- Cooling: Window AC
- Heating: Central Heat, Forced Air, Gas
- Heat Zones: 1
- Hot Water: Natural Gas
- Utility Connections: for Gas Range, for Electric Dryer, Washer Hookup
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance
- Management: Owner Association
- Pets Allowed: Yes
- No Units: 3
- Unit Building: 3
Fee Information
- Fee Interval: Monthly
Schools
- High School: Salem High
Lot Info
- Zoning: R2
- Lot: 803
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
RE/MAX 360
List Price
$299,900
Sold Price
$303,900
Premium/Discount to List
$4,000
1.33%
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
$195,898
Avg. Annual Appreciation
7.80%
Original Mortgage
$294,783
Outstanding Balance
$260,715
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$239,083
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
Charlesgate Realty Group LLC
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
7.34%
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
Similar Homes in Salem, MA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $303,900 | None Available | |
| Deed | -- | -- | |
| Not Resolvable | $258,000 | -- | |
| Deed | $275,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $294,783 | New Conventional | |
| Previous Owner | $178,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $193,600 | No Value Available | |
| Previous Owner | $220,000 | No Value Available | |
| Previous Owner | $41,000 | No Value Available | |
| Previous Owner | $261,000 | Purchase Money Mortgage |
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
RE/MAX 360
(978) 808-6718
2 in this area
86 Total Sales
-
D
Buyer's Agent in 2022
Debbie Schradieck
RE/MAX
-
Kathie Strout
K
Seller's Agent in 2019
Kathie Strout
Century 21 North East
(978) 717-9044
4 in this area
15 Total Sales
-
Bill Hoey
Seller's Agent in 2016
Bill Hoey
Charlesgate Realty Group LLC
(978) 276-1000
14 Total Sales
-
Pam McKee
Buyer's Agent in 2016
Pam McKee
Keller Williams Realty Evolution
(978) 500-4047
12 in this area
98 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71887950
APN: SALE-000033-000000-000393-000803-000803
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