NOT LISTED FOR SALE

Estimated Value: $500,000 - $552,000

2 Beds
1 Bath
1,000 Sq Ft
2,526 Sq Ft Lot

Last Sold February 22, 2019

Last sale price $370,000 $370 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,300/month

About This Home

As of January 2022

Located in the historic Derby Street neighborhood of downtown Salem, this newly renovated condo features charming original features combined withall the modern amenities. It is 2 bed- 1 bath, 1000 square feet, has central air, and a modern kitchen. There is a washer dryer in unit, and a privateback deck. There is a large additional storage space in the basement. The condo features original hardwood floors, pocket doors, and moldings. Theapartment has one off street parking spot in tandem with ample street parking as well. The condo is a 0.6 mile walk from the commuter rail, and 0.3 from the Salem Ferry to Boston. There are many bars, restaurants, parks, and public gardens in the neighborhood, and you are only steps from Derby Wharf and the waterfront.First, Last, Security and reference are required. Pets may be accepted on a limited basis. Tenant pays gas and electric.

Last Agent to Rent the Property

Edmund Wong

New Year Realty Listed on: 01/01/2022

Last Renter's Agent

Non Member

Non Member Office

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,275

Year Built

  • 1900

Lot Details

  • 2,526

Listing and Financial Details

  • Security Deposit $2,750

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,275

Year Built

1900

Lot Details

0

Rental Info

  • Available Now: No
  • Deposit Required: Yes
  • FIRST MON REQD: Yes
  • INSURANCE REQD: No
  • LAST MON REQD: Yes
  • REFERENCES REQD: Yes
  • SEC DEPOSIT: 2750
  • Available Date: 2022-03-01
  • Lease Term: Lease Terms(12),Term of Rental(12)

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • CoOp Comp: tenant
  • Directions: Central location to MBTA commuter rail and Salem-Boston Ferry
  • Year Built Details: Renovated Since
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator,Freezer,Washer,Dryer
  • Total Bathrooms: 1
  • MAIN LO: AN1076
  • LIST PRICE PER Sq Ft: 2.75
  • PRICE PER Sq Ft: 2.65
  • MAIN SO: H11111
  • Accessibility Features: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No

Exterior Features

  • Disclosures: Tenant Pays Fee For Their Broker.
  • Patio And Porch Features: Porch
  • Waterfront Features: 1/2 to 1 Mile To Beach
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 1

Utilities

  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • UNIT BUILDING: 3
  • Association: No
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Public School
  • Pets Allowed: Breed Restrictions
  • HOA Rent Includes: Hot Water, Water, Parking

Lot Info

  • LOT SIZE: 2500
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • Farm Land Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2018
Closed on
Feb 21, 2019
Sold by
Carney David M
Bought by
Basile Addie and Berman Joel F
Seller's Agent
Alex Genovese
Flow Realty, Inc.
Buyer's Agent
Joan Regan
Century 21 North East
List Price
$359,900
Sold Price
$370,000
Premium/Discount to List
$10,100
2.81%
Current Estimated Value
$529,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,069
Avg. Annual Appreciation
5.57%
Original Mortgage
$333,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 11, 2016
Closed on
Sep 26, 2016
Sold by
Underwood & Beacon Llc
Bought by
Carney David M
Seller's Agent
Joe Roman
Thread Real Estate, LLC
Buyer's Agent
Sullivan Team
RE/MAX Beacon
List Price
$315,000
Sold Price
$331,000
Premium/Discount to List
$16,000
5.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.73%
Original Mortgage
$314,450
Interest Rate
3.45%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Basile Addie $370,000 --
Carney David M $331,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roberts Addie $328,000
Closed Basile Addie $333,000
Previous Owner Carney David M $314,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2022 01/10/22 Rented -- -- --
01/10/2022 01/10/22 Under Contract -- -- --
01/01/2022 01/01/22 For Rent $2,750 0.0% --
02/22/2019 02/22/19 Sold $370,000 +2.8% $370 / Sq Ft
12/22/2018 12/22/18 Pending -- -- --
12/13/2018 12/13/18 For Sale $359,900 +8.7% $360 / Sq Ft
09/26/2016 09/26/16 Sold $331,000 +5.1% $331 / Sq Ft
08/12/2016 08/12/16 Pending -- -- --
08/11/2016 08/11/16 For Sale $315,000 -- $315 / 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 $5,275 $465,200 $0 $465,200
2024 $5,539 $476,700 $0 $476,700
2023 $5,328 $425,900 $0 $425,900
2022 $5,149 $388,600 $0 $388,600
2021 $5,067 $367,200 $0 $367,200
2020 $5,225 $361,600 $0 $361,600
2019 $4,957 $328,300 $0 $328,300
2018 $4,469 $290,600 $0 $290,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72930312

MLS Property Information Network (MLS PIN)

APN: 35-0375-803