NOT LISTED FOR SALE

7 Phelps St Unit 1 Salem, MA 01970

Broad Street Neighborhood

Estimated Value: $422,000 - $481,000

2 Beds
1 Bath
966 Sq Ft
$150/mo HOA Fee

Last Sold October 10, 2024

Last sale price $430,000 $445 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,936/month

17 Days on Market

Highlights

  • Golf Course Community
  • Open Floorplan
  • Covered Deck
  • Medical Services
  • Custom Closet System
  • 3-minute walk to Bunny Puttman Park

About This Home

As of October 2024

This lovely garden-style residence is located in one of Salem's finer neighborhoods, on a quiet dead-end side street, abutting the McIntire historic district. You'll enjoy the serenity of the suburbs while living only minutes from the museums, shops, restaurants and pubs in vibrant downtown Salem. This first-floor condo features a large open-concept living room and dining room with high ceilings, center bay window, built-in China cabinet, glass panel doors and beautiful hardwood floors. The large eat-in kitchen features a classic walk-in pantry, stainless appliances and stone countertops. The kitchen provides easy access to a covered porch, overlooking beautiful perennial gardens and grassy outdoor space. The unit includes a deeded garage space, and a second parking spot just outside of the garage. Single-level living on a wonderful tree-lined street, in a great neighborhood!

Last Agent to Sell the Property

Mark Wade

Coldwell Banker Realty - Marblehead Listed on: 08/20/2024

Coldwell Banker Realty - Marblehead

Last Buyer's Agent

Jeffrey Terlik

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,720

Year Built

  • Built in 1920

Lot Details

  • Garden

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Open Parking
  • Deeded Parking

Home Design

  • Garden Home
  • Entry on the 1st floor
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 966 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Chair Railings
  • Crown Molding
  • Ceiling Fan
  • Decorative Lighting
  • Bay Window
  • French Doors
  • Entrance Foyer
  • Dining Area
  • Storage Room
  • Basement
  • Laundry in Basement

Kitchen

  • Range
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Custom Closet System
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Deck
  • Covered Patio or Porch
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • 220 Volts
  • 110 Volts
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4465892

Community Details

Overview

  • Association fees include water, sewer, insurance, reserve funds
  • 3 Units

Amenities

  • Medical Services
  • Laundry Facilities

Recreation

  • Golf Course Community
  • Park
  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,720

Year Built

Built in 1920

Lot Details

0

HOA Fees

$150 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden
  • Year Built: 1920
  • Entry Level: 1
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Vinyl, Hardwood, Flooring - Hardwood
  • Interior Amenities: Storage, Foyer, Internet Available - Broadband
  • Entry Location: Unit Placement(Walkout,Garden)
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Refrigerator, Freezer, Washer, Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Closet, Flooring - Hardwood, Lighting - Pendant
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Closet, Flooring - Hardwood, Lighting - Pendant
  • Room Master Bedroom Level: First
  • Room Dining Room Features: Closet/Cabinets - Custom Built, Flooring - Hardwood, French Doors, Open Floorplan, Lighting - Pendant, Decorative Molding
  • Room Dining Room Level: Main,First
  • Room Kitchen Level: Main,First
  • Room Kitchen Features: Closet, Closet/Cabinets - Custom Built, Flooring - Vinyl, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Chair Rail, Deck - Exterior, Exterior Access, Stainless Steel Appliances, Storage, Lighting - Pendant, Crown Molding, Decorative Molding
  • Laundry Features: Electric Dryer Hookup, Washer Hookup, In Basement, In Building
  • Room Living Room Level: Main,First
  • Room Living Room Features: Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, French Doors, Cable Hookup, Open Floorplan
  • Basement: Y
  • Living Area: 966
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: AN6181
  • MAIN SO: C95098

Exterior Features

  • Exterior Features: Covered Patio/Deck, Garden, Rain Gutters
  • Construction Materials: Frame
  • Home Warranty YN: No
  • Patio And Porch Features: Covered
  • Roof: Shingle
  • Waterfront Features: Beach Front, 1/2 to 1 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage YN: No
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Detached, Deeded, Paved
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Baseboard
  • Cooling Y N: Yes
  • Electric: 110 Volts, 220 Volts, Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 150
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Park, Golf, Medical Facility, Bike Path, T-Station, University
  • Senior Community YN: No
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: 4465892
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4720

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2024
Closed on
Oct 10, 2024
Sold by
Roach James
Bought by
Gallagher Brittany and Irving Colby
Seller's Agent
Mark Wade
Coldwell Banker Realty - Marblehead
Buyer's Agent
Jeffrey Terlik
Keller Williams Realty Evolution
List Price
$429,900
Sold Price
$430,000
Premium/Discount to List
$100
0.02%
Views
94
Current Estimated Value
$449,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,505
Avg. Annual Appreciation
4.54%
Original Mortgage
$417,100
Outstanding Balance
$412,715
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$36,790

Purchase Details

Listed on
Mar 18, 2014
Closed on
Aug 29, 2014
Sold by
Cooper Stephanie A
Bought by
Roach James
Seller's Agent
Team Harborside
Sagan Harborside Sotheby's International Realty
Buyer's Agent
Sharon Kalagher
Century 21 North East
List Price
$224,900
Sold Price
$228,000
Premium/Discount to List
$3,100
1.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.47%
Original Mortgage
$221,160
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2006
Sold by
Dole Adam P and Green Remlee S
Bought by
Cooper Stephanie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
6.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2004
Sold by
Szikney William P
Bought by
Green Remlee S
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gallagher Brittany $430,000 None Available
Gallagher Brittany $430,000 None Available
Roach James $228,000 --
Roach James $228,000 --
Cooper Stephanie A $245,000 --
Cooper Stephanie A $245,000 --
Green Remlee S $217,500 --
Green Remlee S $217,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallagher Brittany $417,100
Closed Gallagher Brittany $417,100
Previous Owner Roach James $221,160
Previous Owner Green Remlee S $196,000
Previous Owner Green Remlee S $36,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2024 10/10/24 Sold $430,000 0.0% $445 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
08/20/2024 08/20/24 For Sale $429,900 +88.6% $445 / Sq Ft
08/29/2014 08/29/14 Sold $228,000 0.0% $236 / Sq Ft View Prior Sale
08/09/2014 08/09/14 Pending -- -- --
06/13/2014 06/13/14 Off Market $228,000 -- --
03/18/2014 03/18/14 For Sale $224,900 -- $233 / 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 $4,832 $426,100 $0 $426,100
2024 $4,720 $406,200 $0 $406,200
2023 $4,649 $371,600 $0 $371,600
2022 $4,485 $338,500 $0 $338,500
2021 $4,416 $320,000 $0 $320,000
2020 $4,355 $301,400 $0 $301,400
2019 $4,217 $279,300 $0 $279,300
2018 $3,911 $254,300 $0 $254,300
2017 $3,833 $241,700 $0 $241,700
2016 $3,628 $231,500 $0 $231,500
2015 $3,633 $221,400 $0 $221,400
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Mark Wade

    Coldwell Banker Realty - Marblehead

    (781) 864-9812

    1 in this area

    25 Total Sales

    Mark Wade
    Section Image
  • Jeffrey Terlik

    Buyer's Agent in 2024

    Jeffrey Terlik

    Keller Williams Realty Evolution

    (978) 578-7755

    1 in this area

    118 Total Sales

    Jeffrey Terlik
    Section Image

  • T

    Seller's Agent in 2014

    Team Harborside

    Sagan Harborside Sotheby's International Realty

    (617) 816-1909

    128 Total Sales

    Team Harborside
    Section Image

  • S

    Buyer's Agent in 2014

    Sharon Kalagher

    Century 21 North East

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73279924

MLS Property Information Network (MLS PIN)

APN: SALE-000025-000000-000317-000801-000801

Massachusetts Essex County Salem 01970 Broad Street

7 Phelps St Unit 1, Salem, MA

This home is located at 7 Phelps St Unit 1, Salem, MA 01970 since 20 August 2024 and is currently estimated at $449,505, approximately $465 per square foot. This property was built in 1920. 7 Phelps St Unit 1 is a home located in Essex County with nearby schools including Saltonstall School, Horace Mann Laboratory, and Carlton Elementary School.

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