NOT LISTED FOR SALE

Estimated Value: $496,000 - $518,000

2 Beds
2 Baths
882 Sq Ft
$200/mo HOA Fee

Last Sold November 22, 2021

Last sale price $410,000 $465 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,326/month

41 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Stainless Steel Appliances
  • Deck
  • Solid Surface Countertops
  • 1-minute walk to Broad Street Playground

About This Home

As of November 2021

Still on the market ! Welcome home to 59 Broad St Unit #3! This 2 bedroom - 2 full bathroom penthouse condo was fully remodeled in 2016 and is located a half mile from the historic Downtown Salem and commuter rail. Walk into this open concept living/dining/kitchen area with custom cabinets, granite countertops, stainless steel appliances, hardwood floors, crown molding and designer lighting. Additional features include In-Unit laundry, Nest thermostats, new high efficiency gas heating system, gas cooking, and central AC. This pet friendly unit also includes: 2 deeded off-street parking spaces, a low condo fee of $200, basement storage area, private deck, and common yard space. Nothing left to do but move into this immaculate downtown Salem condo!

Last Agent to Sell the Property

Timothy Borders

Coldwell Banker Realty - Lynnfield Listed on: 08/12/2021

Coldwell Banker Realty - Lynnfield

Last Buyer's Agent

The Muncey Group

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,354

Year Built

  • 1915

Lot Details

  • 5,227

HOA Fees

  • $200 per month

Interior Spaces

  • Open Floorplan
  • Crown Molding
  • Sliding Doors
  • Dining Area
  • Exterior Basement Entry
  • Attic Access Panel
  • Washer and Electric Dryer Hookup

Kitchen

  • Breakfast Bar
  • Stove
  • Wine Cooler
  • Stainless Steel Appliances
  • Solid Surface Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • Primary bedroom located on third floor
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Separate Shower

Outdoor Features

  • Deck

Utilities

  • 1 Cooling Zone
  • 1 Heating Zone

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,354

Year Built

1915

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • Directions: Highland or Essex St to Jackson to Broad
  • Garage Yn: No
  • Efficiency: Thermostat
  • Property Attached Yn: No
  • Structure Type: Detached, 2/3 Family
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1915

Interior Features

  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator,Wine Refrigerator,Washer/Dryer, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
  • Room Bedroom2 Level: Third
  • Room Bedroom2 Features: Closet, Flooring - Hardwood, Crown Molding
  • Total Bathrooms: 2
  • Room Master Bedroom Features: Bathroom - Full, Bathroom - Double Vanity/Sink, Closet, Flooring - Hardwood, Crown Molding
  • Room Master Bedroom Level: Third
  • Master Bathroom Features: Yes
  • Bathroom 1 Features: Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Hardwood, Countertops - Upgraded
  • Bathroom 1 Level: Third
  • Bathroom 2 Level: Third
  • Bathroom 2 Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Dryer Hookup - Electric, Washer Hookup, Crown Molding
  • Room Dining Room Features: Flooring - Hardwood, Attic Access, Deck - Exterior, Exterior Access, Open Floorplan, Slider, Crown Molding
  • Room Dining Room Level: Third
  • Room Kitchen Level: Third
  • Room Kitchen Features: Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Open Floorplan, Stainless Steel Appliances, Wine Chiller, Gas Stove
  • Room Living Room Level: Third
  • Room Living Room Features: Flooring - Hardwood, Open Floorplan, Crown Molding
  • MAIN LO: AN4305
  • LIST PRICE PER Sq Ft: 470.52
  • PRICE PER Sq Ft: 464.85
  • MAIN SO: AN2383
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: Yes
  • Flooring: Tile, Hardwood
  • Interior Amenities: Internet Available - Unknown
  • Stories: 3

Exterior Features

  • Roof: Slate
  • Common Walls: No One Above
  • Construction Type: Frame
  • Disclosures: Reviewing Offers As They Come In. Please Send Offer As One Pdf And Allow 24 Hours For A Response.
  • Patio And Porch Features: Porch, Deck, Patio
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Off Street, Tandem, Assigned, Deeded, Paved
  • Open Parking: Yes
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • HEAT ZONES: 1
  • COOLING ZONES: 1
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating Yn: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup, Third Floor, In Unit
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • UNIT BUILDING: 3
  • MANAGEMENT: Owner Association
  • Association Fee: 200
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Public Transportation, Shopping, Park, Golf, Medical Facility, Highway Access, House of Worship, Public School, T-Station, University
  • Pets Allowed: Breed Restrictions

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal

Lot Info

  • LOT SIZE: 5240
  • PAGE: 453
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 5227.2
  • Zoning: R1

Multi Family

  • NO UNITS OWNER OCC: 3
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 5073
  • Tax Book Number: 38933
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Nov 22, 2021
Sold by
Forman Hannah
Bought by
Nicolson Fay
Seller's Agent
Timothy Borders
Coldwell Banker Realty - Lynnfield
Buyer's Agent
The Muncey Group
Compass
List Price
$425,000
Sold Price
$410,000
Premium/Discount to List
-$15,000
-3.53%
Current Estimated Value
$505,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,559
Avg. Annual Appreciation
5.53%
Original Mortgage
$305,000
Outstanding Balance
$279,480
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$226,079

Purchase Details

Listed on
Jul 22, 2020
Closed on
Sep 9, 2020
Sold by
Miller Brian T
Bought by
Forman Hannah
Seller's Agent
The Mavroules Team
Good Deeds Realty Partners
Buyer's Agent
M. J. Taglieri
Options Real Estate Services, LLC
List Price
$399,000
Sold Price
$415,000
Premium/Discount to List
$16,000
4.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.01%
Original Mortgage
$394,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 21, 2016
Closed on
Dec 22, 2016
Sold by
59 Broad Street Rt
Bought by
Miller Brian T
Seller's Agent
Merry Fox Team
MerryFox Realty
Buyer's Agent
The Mavroules Team
Good Deeds Realty Partners
List Price
$299,900
Sold Price
$297,500
Premium/Discount to List
-$2,400
-0.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.33%
Original Mortgage
$282,625
Interest Rate
3.57%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nicolson Fay $410,000 None Available
Forman Hannah $415,000 None Available
Miller Brian T $297,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nicolson Fay $305,000
Previous Owner Forman Hannah $394,250
Previous Owner Miller Brian T $282,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/22/2021 11/22/21 Sold $410,000 -3.5% $465 / Sq Ft
09/23/2021 09/23/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $425,000 +2.4% $482 / Sq Ft
09/14/2020 09/14/20 Sold $415,000 +4.0% $471 / Sq Ft View Prior Sale
07/28/2020 07/28/20 Pending -- -- --
07/22/2020 07/22/20 For Sale $399,000 +34.1% $452 / Sq Ft
12/21/2016 12/21/16 Sold $297,500 -0.8% $337 / Sq Ft View Prior Sale
11/01/2016 11/01/16 Pending -- -- --
10/21/2016 10/21/16 For Sale $299,900 -- $340 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $5,354 $472,100 $0 $472,100
2024 $5,258 $452,500 $0 $452,500
2023 $5,321 $425,300 $0 $425,300
2022 $5,154 $389,000 $0 $389,000
2021 $5,073 $367,600 $0 $367,600
2020 $5,014 $347,000 $0 $347,000
2019 $4,846 $320,900 $0 $320,900
2018 $4,383 $285,000 $0 $285,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72880615

MLS Property Information Network (MLS PIN)

APN: 25-0274-803