$360,000
SOLD MAY 6, 2022

63 Palmer St Unit 2 Salem, MA 01970

The Point Neighborhood
2 Beds
1.5 Baths
1,089 Sq Ft
$339/mo HOA Fee

Recently Sold

$331 Per Sq Ft

17% Above List Price

6 Days on Market

Highlights

  • Marina
  • Waterfront
  • Wood Flooring
  • Medical Services
  • Property is near public transit
  • 1-minute walk to Mary Jane Lee Park

About This Home

As of May 2022

Get into Salem's red hot market with this beautifully updated, meticulously maintained sunny & spacious 2 bed condominium. Just 1/3 of a mile to the heart of downtown Salem & Commuter Rail with a walk score of 93 ("walker's paradise"), you won't find a more conveniently located and turn-key condo at this price-point. Among its many features & updates are in-unit laundry, crown molding & wainscoting throughout, Nest thermostat & unit front door lock, new ceiling fans, new kitchen & bath faucets & lighting, new light fixtures and electrical outlets, Decora paddle switches w/ dim control for applicable fixtures, soft close cabinets, wall mount AV backbox with HDMI connection and much more. Move right in and start enjoying all of Salem's popular restaurants, shops & attractions. Showings begin at open houses Sat 4/2 and Sun 4/3 11:30am - 1pm. Offers, if any, requested by Monday 4/4 at 5pm.

Last Agent to Sell the Property

Dan Bernal

Atlantic Coast Homes,Inc Listed on: 03/28/2022

Last Buyer's Agent

Barb Cullen

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,206

Year Built

  • Built in 1915

Lot Details

  • Waterfront
  • Near Conservation Area
  • Two or More Common Walls

HOA Fees

  • $339 Monthly HOA Fees

Home Design

  • Garden Home
  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 1,089 Sq Ft Home
  • 1-Story Property
  • Insulated Windows

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • On-Street Parking
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • 1 Heating Zone
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • 100 Amp Service
  • Natural Gas Connected
  • Gas Water Heater

Additional Features

  • Energy-Efficient Thermostat
  • Patio

Listing and Financial Details

  • Tax Lot 0202
  • Assessor Parcel Number 4712888

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, reserve funds
  • 12 Units
  • Mid-Rise Condominium
  • Palmer Street Condominium Community

Amenities

  • Medical Services
  • Common Area
  • Shops

Recreation

  • Marina
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,206

Year Built

Built in 1915

Lot Details

0

HOA Fees

$339 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden, Mid-Rise
  • Year Built: 1915
  • Buyer Agency: 2.5
  • Buyer Agency Type: %
  • Entry Level: 2
  • Transaction Broker: .5
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile, Hardwood
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer, Gas Water Heater,Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bathrooms: 1.5
  • Master Bathroom Features: No
  • Laundry Features: In Unit, Washer Hookup
  • Living Area: 1089
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: C95243
  • LIST PRICE PER Sq Ft: 283.75
  • PRICE PER Sq Ft: 330.58
  • MAIN SO: C95098

Exterior Features

  • Common Walls: 2+ Common Walls
  • Construction Materials: Brick
  • Patio And Porch Features: Patio
  • Roof: Rubber
  • Waterfront Features: Beach Front, Harbor, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Association Fee: 338.79
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • UNIT BUILDING: 2
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Reserve Funds

Lot Info

  • Parcel Number: 4712888
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 517
  • OUTDOOR SPACE AVAILABLE: Yes - Common

Green Features

  • Green Energy Efficient: Thermostat

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3206
  • Tax Book Number: 37612
  • Tax Lot: 0202
  • Tax Map Number: 34

Multi Family

  • Number Of Units Total: 12
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2019
Closed on
Jun 20, 2019
Sold by
Miersma Hans and Miersma Rebecca
Bought by
Konick Zachary J
Seller's Agent
Kristin Weekley
Leading Edge Real Estate
Buyer's Agent
Peggy Perkins
Lamacchia Realty, Inc.
List Price
$219,900
Sold Price
$236,000
Premium/Discount to List
$16,100
7.32%
Current Estimated Value
$424,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,138
Avg. Annual Appreciation
10.27%
Original Mortgage
$224,200
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 30, 2016
Closed on
May 26, 2016
Sold by
Costoplus Adam and Costoplus Juliet
Bought by
Miersma Hans
Seller's Agent
Patrick Roddy
Keller Williams Boston MetroWest
Buyer's Agent
Patrick Roddy
Keller Williams Boston MetroWest
List Price
$175,000
Sold Price
$178,000
Premium/Discount to List
$3,000
1.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.59%
Original Mortgage
$142,400
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2009
Sold by
Jupiter Three Llc
Bought by
Costoplus Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,905
Interest Rate
5.06%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Not Resolvable $236,000 --
Not Resolvable $178,000 --
Deed $159,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $224,200 Stand Alone Refi Refinance Of Original Loan
Closed $224,200 New Conventional
Previous Owner $142,400 New Conventional
Previous Owner $151,905 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2022 05/06/22 Sold $360,000 +16.5% $331 / Sq Ft
04/04/2022 04/04/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $309,000 +30.9% $284 / Sq Ft
06/25/2019 06/25/19 Sold $236,000 +7.3% $217 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
05/15/2019 05/15/19 For Sale $219,900 +23.5% $202 / Sq Ft
05/26/2016 05/26/16 Sold $178,000 +1.7% $163 / Sq Ft
04/05/2016 04/05/16 Pending -- -- --
03/30/2016 03/30/16 For Sale $175,000 -- $161 / 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 $4,315 $380,500 $0 $380,500
2024 $3,988 $343,200 $0 $343,200
2023 $3,619 $289,300 $0 $289,300
2022 $3,207 $242,000 $0 $242,000
2021 $2,975 $215,600 $0 $215,600
2020 $2,863 $198,100 $0 $198,100
2019 $2,659 $176,100 $0 $176,100
2018 $2,493 $162,100 $0 $162,100
2017 $2,252 $142,000 $0 $142,000
2016 $2,090 $133,400 $0 $133,400
2015 $2,274 $138,600 $0 $138,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72958408

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000202-000802-000802