55 Ocean Ave Unit 3 Salem, MA 01970
South Salem Neighborhood
3
Beds
1
Bath
1,395
Sq Ft
$216/mo
HOA Fee
About This Home
As of July 2022Beautiful pent house condo in this lovely Victorian style 3 Family house. Location is ideal with a new train stop in the works just blocks away. Close to enough to walk to the downtown, Forest River Park, Salem Harbor, University, train, and the many restaurants Salem has to offer. High enough to catch the summer ocean breezes and abundant light with oversized windows. 3 bedms w/ great closet space, master having 2 closets ,all bedrms w/ gleaming hardwood floors. Upgraded cabinets and granite counters in a large eat in kit. Dining room has a built in bar and electric fireplace exceptional large for all your entertaining needs. Living room has a beautiful faux fireplace and detailed crown molding in keeping w/Victorian charm. Bathroom has original claw foot tub, great for soaking. Each unit has garden bed. Shared grounds, patio and porch. Exclusive attic storage as well as basement storage. 1 deeded parking sp and resident sticker parking for on street parking.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,927
Year Built
- Built in 1895
Lot Details
- Year Round Access
HOA Fees
- $216 per month
Kitchen
- Range
- Dishwasher
- Disposal
Flooring
- Wood
- Vinyl
Utilities
- Forced Air Heating System
- Individual Controls for Heating
- Water Holding Tank
- Natural Gas Water Heater
- Cable TV Available
Additional Features
- Basement
Community Details
- 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
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
7.55%
Original Mortgage
$294,783
Outstanding Balance
$262,227
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$227,422
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
7.16%
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
-
Seller's Agent in 2022
Connolly Gallo Team
RE/MAX 360
(978) 808-6718
2 in this area
91 Total Sales
-
Buyer's Agent in 2022
Debbie Schradieck
RE/MAX
(508) 951-6441
1 in this area
22 Total Sales
-
K
Seller's Agent in 2019
Kathie Strout
Century 21 North East
(978) 717-9044
4 in this area
16 Total Sales
-
Seller's Agent in 2016
Bill Hoey
RE/MAX
(978) 276-1000
16 Total Sales
-
Buyer's Agent in 2016
Pam McKee
Keller Williams Realty Evolution
(978) 500-4047
12 in this area
102 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72428465
APN: SALE-000033-000000-000393-000803-000803
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.
Nearby Homes
- 14 Forest Ave
- 71 Ocean Ave Unit 3
- 35 Ocean Ave Unit 3
- 275 Lafayette St
- 256 Lafayette St Unit 3
- 327 Lafayette St Unit 2
- 27 Ocean Ave Unit 1
- 13 Ocean Terrace
- 12 Summit Ave Unit 1
- 20 Willow Ave Unit 1
- 29 West Ave
- 6R Hazel Terrace Unit 6
- 232 Lafayette St
- 2A Hazel St Unit 3
- 16 Glover St Unit 3
- 9 Hancock St
- 163 Ocean Ave W Unit W
- 106 Broadway Unit 3
- 106 Broadway Unit 1
- 24 Cabot St Unit 1