NOT LISTED FOR SALE

Estimated Value: $562,641 - $600,000

2 Beds
1 Bath
1,318 Sq Ft
9,975 Sq Ft Lot

Last Sold October 14, 2022

Last sale price $519,000 $394 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,701/month

5 Days on Market

Highlights

  • Marina
  • Property is near public transit
  • Jogging Path
  • Fireplace in Primary Bedroom
  • Wood Flooring
  • 3-minute walk to Salem Common

About This Home

As of October 2022

Live in the heart of Salem! This beautiful penthouse loft offers a balance of modern upgrades and historic charm. Exposed brick & beams, soaring ceilings and tons of natural sunlight. Centrally located to the Salem Common, downtown, and Pickering Wharf. Other amenities include in-unit laundry, 1 off-street deeded parking space, central air, and large storage space in basement. Low condo fees and pet friendly!

Last Listed By

Jenny May

J. Barrett & Company Listed on: 08/24/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,967

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 9,975

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,318 Sq Ft Home
  • 2-Story Property
  • Skylights
  • 2 Fireplaces
  • Intercom
  • Basement

Kitchen

  • Stove
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary bedroom located on third floor
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • 1 Car Parking Space
  • Off-Street Parking
  • Deeded Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 4782034

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include water, sewer, insurance, maintenance structure, snow removal, trash
  • 11 Units
  • Union Square Condominium Community

Amenities

  • Common Area
  • Shops

Recreation

  • Marina
  • Park
  • Jogging Path

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,967

Year Built

Built in 1900 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Loft
  • Year Built: 1900
  • Buyer Agency: 2
  • Entry Level: 3
  • Transaction Broker: 1.5
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Wood, Carpet
  • Entry Location: Unit Placement(Upper)
  • Fireplace Features: Master Bedroom
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Appliances: Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: Fourth Floor
  • Room Bedroom2 Features: Skylight, Closet, Flooring - Wood
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Closet, Flooring - Wall to Wall Carpet
  • Room Master Bedroom Level: Third
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Tub & Shower, Dryer Hookup - Electric, Washer Hookup
  • Bathroom 1 Level: Third
  • Room Kitchen Level: Third
  • Room Kitchen Features: Flooring - Wood, Remodeled, Gas Stove
  • Laundry Features: Third Floor, In Unit
  • Room Living Room Level: Third
  • Room Living Room Features: Flooring - Wood
  • Basement: Y
  • Living Area: 1318
  • Stories Total: 2
  • MAIN LO: C95243
  • LIST PRICE PER Sq Ft: 378.6
  • PRICE PER Sq Ft: 393.78
  • MAIN SO: C95243

Exterior Features

  • Construction Materials: Brick
  • Waterfront Features: Beach Front, Bay, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Deeded
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 309
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • UNIT BUILDING: 3
  • MANAGEMENT: Owner Association

Fee Information

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

Lot Info

  • Parcel Number: 4782034
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • PAGE: 4
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4967
  • Tax Book Number: 36395

Multi Family

  • Number Of Units Total: 11
  • Basement Included Sq Ft: No
  • NO UNITS OWNER OCC: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2017
Closed on
Dec 11, 2017
Sold by
Obrien Terri L
Bought by
Jacobson Sarah
Seller's Agent
Susan Olson
MerryFox Realty
Buyer's Agent
Jenny May
J. Barrett & Company
List Price
$369,000
Sold Price
$380,000
Premium/Discount to List
$11,000
2.98%
Total Days on Market
5
Current Estimated Value
$579,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,160
Avg. Annual Appreciation
5.82%
Original Mortgage
$342,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2009
Sold by
6 Union Street Llc
Bought by
Obrien Terri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,400
Interest Rate
4.86%
Mortgage Type
Purchase Money Mortgage

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
Jacobson Sarah $380,000 --
Obrien Terri $243,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gochie Dylan $493,000
Closed Jacobson Sarah $342,000
Previous Owner Obrien Terri $185,000
Previous Owner Obrien Terri $189,000
Previous Owner Obrien Terri $194,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $519,000 +4.0% $394 / Sq Ft
08/30/2022 08/30/22 Pending -- -- --
08/24/2022 08/24/22 For Sale $499,000 +31.3% $379 / Sq Ft
12/11/2017 12/11/17 Sold $380,000 +3.0% $288 / Sq Ft
10/23/2017 10/23/17 Pending -- -- --
10/17/2017 10/17/17 Price Changed $369,000 +1.1% $280 / Sq Ft
10/16/2017 10/16/17 Price Changed $364,900 -1.1% $277 / Sq Ft
10/15/2017 10/15/17 For Sale $369,000 -- $280 / 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 $5,502 $485,200 $0 $485,200
2024 $5,342 $459,700 $0 $459,700
2023 $5,279 $422,000 $0 $422,000
2022 $4,967 $374,900 $0 $374,900
2021 $4,711 $341,400 $0 $341,400
2020 $4,751 $328,800 $0 $328,800
2019 $4,509 $298,600 $0 $298,600
2018 $3,954 $257,100 $0 $257,100
2017 $3,876 $244,400 $0 $244,400
2016 $3,667 $234,000 $0 $234,000
2015 $3,733 $227,500 $0 $227,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73028742

MLS Property Information Network (MLS PIN)

APN: SALE-000035-000000-000281-000803-000803