NOT LISTED FOR SALE

Estimated Value: $557,000 - $596,000

2 Beds
2 Baths
945 Sq Ft
$223/mo HOA Fee

Last Sold June 21, 2022

Last sale price $485,000 $513 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,686/month

5 Days on Market

Highlights

  • Medical Services
  • Open Floorplan
  • Property is near public transit
  • Waterfront
  • Custom Closet System
  • 2-minute walk to Collins Cove Park

About This Home

As of June 2022

Gorgeous unit available at The Residence at Bridge III, which was fully converted in 2019. Modern vibe throughout, and located just steps away from the Commuter Rail into Boston, the waterfront at Collin's Cove, downtown Salem's shopping, restaurants and museums. This two bedroom, two full bath unit features an open floor plan perfect for living and entertaining, spectacular 9-foot high ceilings, ample windows providing incredible natural sunlight, and private balcony. A contemporary state of the art kitchen with stainless steel appliances, an oversized farmhouse sink, a built-in wine cooler and Quartz countertops. The primary bathroom is the showstopper with oversized walk-in glass shower with custom designer tile and fixtures. New plumbing, electrical, and mini split ductless central air heating and cooling. New roof and exterior, and private basement storage. All in a pet-friendly, low maintenance building with in unit washer/dryer, & two deeded & assigned off-street parking spots!

Last Agent to Sell the Property

Liz Walters

Coldwell Banker Realty - Marblehead Listed on: 05/10/2022

Coldwell Banker Realty - Marblehead

Last Buyer's Agent

Liz Walters

Coldwell Banker Realty - Marblehead Listed on: 05/10/2022

Coldwell Banker Realty - Marblehead

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,932

Year Built

  • Built in 1900

Lot Details

  • Waterfront
  • Two or More Common Walls

HOA Fees

  • $223 Monthly HOA Fees

Home Design

  • Garden Home
  • Entry on the 2nd floor
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 945 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Fireplace
  • Insulated Windows
  • Sliding Doors

Kitchen

  • Breakfast Bar
  • Oven
  • Stove
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher
  • Wine Refrigerator
  • Wine Cooler
  • Stainless Steel Appliances
  • ENERGY STAR Range
  • Kitchen Island
  • Solid Surface Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Custom Closet System
  • Dual Closets
  • 2 Full Bathrooms
  • Double Vanity
  • Bathtub Includes Tile Surround
  • Separate Shower

Laundry

  • Laundry on main level
  • ENERGY STAR Qualified Dryer
  • ENERGY STAR Qualified Washer

Parking

  • 2 Car Parking Spaces
  • Paved Parking
  • Open Parking
  • Off-Street Parking
  • Deeded Parking
  • Assigned Parking

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Salem Public Elementary And Middle School
  • Salem Public High School

Utilities

  • Ductless Heating Or Cooling System
  • 3 Cooling Zones
  • 3 Heating Zones
  • Heating Available
  • Gas Water Heater

Additional Features

  • Energy-Efficient Thermostat
  • Balcony

Listing and Financial Details

  • Assessor Parcel Number 5117810

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, reserve funds
  • 3 Units
  • The Residence At Bridge Iii Community

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,932

Year Built

Built in 1900

Lot Details

0

HOA Fees

$223 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden
  • Year Built: 1900
  • Buyer Agency Type: %
  • Entry Level: 2
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Hardwood
  • Fireplace YN: Yes
  • Appliances: ENERGY STAR Qualified Refrigerator,Wine Refrigerator,ENERGY STAR Qualified Dryer,ENERGY STAR Qualified Dishwasher,ENERGY STAR Qualified Washer,Range - ENERGY STAR,Oven - ENERGY STAR, Gas Water Heater, Utility Connections for Electric Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Closet, Flooring - Hardwood, Recessed Lighting
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Room Master Bedroom Features: Flooring - Hardwood, Recessed Lighting, Closet - Double
  • Room Master Bedroom Level: First
  • Master Bathroom Features: Yes
  • Bathroom 1 Features: Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity, Recessed Lighting
  • Bathroom 1 Level: First
  • Bathroom 2 Level: First
  • Bathroom 2 Features: Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile, Recessed Lighting
  • Room Kitchen Level: Main
  • Room Kitchen Features: Closet/Cabinets - Custom Built, Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Wine Chiller, Gas Stove
  • Laundry Features: First Floor, In Unit, Washer Hookup
  • Room Living Room Level: Main
  • Room Living Room Features: Flooring - Hardwood, Balcony / Deck, Open Floorplan, Recessed Lighting, Slider
  • Living Area: 945
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: AN6181
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Balcony
  • Common Walls: 2+ Common Walls
  • Construction Materials: Frame
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront Features: Beach Front, Bay, 0 to 1/10 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Assigned, Deeded, Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Dryer, Washer Hookup
  • Cooling: Ductless
  • Heating: Ductless
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 3
  • COOLING ZONES: 3

Condo/Co-op/Association

  • Association Fee: 223
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, House of Worship, Public School, T-Station, University
  • Senior Community YN: No
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: 5117810
  • Zoning: Condo
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: No

Green Features

  • Green Energy Efficient: Thermostat

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5932

Multi Family

  • Number Of Units Total: 3
  • Basement Included Sq Ft: No

MLS Schools

  • High School: Salem Public
  • Elementary School: Salem Public
  • Middle Or Junior School: Salem Public

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2019
Closed on
Nov 6, 2019
Sold by
71 Bridge Street Llc
Bought by
Morong Joshua and Sparks Mary K
Seller's Agent
Jenna Lovely
The Lovely Advisory LLC
Buyer's Agent
Laura Rapacioli
LAER Realty Partners
List Price
$439,900
Sold Price
$425,000
Premium/Discount to List
-$14,900
-3.39%
Current Estimated Value
$570,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,333
Avg. Annual Appreciation
4.96%
Original Mortgage
$403,750
Outstanding Balance
$355,196
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$215,137
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Morong Joshua $425,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morong Joshua $403,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/21/2022 06/21/22 Sold $485,000 +5.7% $513 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
05/10/2022 05/10/22 For Sale $459,000 +8.0% $486 / Sq Ft
11/06/2019 11/06/19 Sold $425,000 0.0% $447 / Sq Ft View Prior Sale
09/30/2019 09/30/19 Pending -- -- --
09/25/2019 09/25/19 Price Changed $424,900 -1.2% $447 / Sq Ft
09/21/2019 09/21/19 Price Changed $429,900 -2.3% $453 / Sq Ft
08/06/2019 08/06/19 For Sale $439,900 -- $463 / 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 $5,520 $486,800 $0 $486,800
2024 $5,571 $479,400 $0 $479,400
2023 $5,797 $463,400 $0 $463,400
2022 $5,614 $423,700 $0 $423,700
2021 $5,526 $400,400 $0 $400,400
Source: Public Records

Agents Affiliated with this Home

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

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72978775

MLS Property Information Network (MLS PIN)

APN: 36-0339-802