$228,000
SOLD AUG 29, 2014

7 Phelps St Unit 1 Salem, MA 01970

Broad Street Neighborhood
2 Beds
1 Bath
966 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$236 Per Sq Ft

1% Above List Price

144 Days on Market

About This Home

As of October 2024

Conveniently located near downtown Salem on a dead-end street, this two bedroom one bath condo includes a spacious living room, formal dining room with china cabinet, eat-in-kitchen, yard for relaxing and entertaining, 1 car garage plus 1 off-street space, storage in basement, hardwood floors, replacement windows and period details throughout. Restaurants, shops and commuter rail are all nearby.

Last Agent to Sell the Property

Team Harborside

Sagan Harborside Sotheby's International Realty Listed on: 03/18/2014

Sagan Harborside Sotheby's International Realty

Last Buyer's Agent

Sharon Kalagher

Century 21 North East License #448553929

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,832

Year Built

1920

Lot Details

0

Listing Details

  • Unit Level: 1
  • Unit Placement: Ground
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1920

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Park, Golf Course, Medical Facility, Laundromat, Bike Path, House of Worship, Public School, T-Station, University
  • Electric: Circuit Breakers
  • Energy: Insulated Windows, Insulated Doors
  • Flooring: Tile, Vinyl, Hardwood
  • Interior Amenities: Cable Available
  • Bedroom 2: First Floor
  • Bathroom #1: First Floor
  • Kitchen: First Floor
  • Living Room: First Floor
  • Master Bedroom: First Floor
  • Master Bedroom Description: Flooring - Hardwood
  • Dining Room: First Floor

Exterior Features

  • Construction: Frame
  • Exterior: Aluminum
  • Exterior Unit Features: Porch

Garage/Parking

  • Garage Parking: Detached
  • Garage Spaces: 1
  • Parking: Off-Street
  • Parking Spaces: 1

Utilities

  • Heat Zones: 1
  • Hot Water: Oil
  • Utility Connections: for Electric Oven, for Electric Dryer, Washer Hookup

Condo/Co-op/Association

  • Association Fee Includes: Water, Sewer, Master Insurance
  • Association Pool: No
  • Management: No Management
  • Pets Allowed: Yes w/ Restrictions
  • No Units: 3
  • Unit Building: 1

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
$448,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,081
Avg. Annual Appreciation
3.31%
Original Mortgage
$417,100
Outstanding Balance
$414,740
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$26,751

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

Similar Home in Salem, MA

  • 88 Congress St Unit 6, Salem, MA 01970

    $199,999

    • 2 Beds
    • 1 Bath
    • 493 Sq Ft
    • 88 Congress St
    • Unit 6
    • Salem, MA

    Charming 2-bed, 1-bath condo in the heart of historic Salem! Located at 88 Congress St #6, this quiet, rear-facing unit offers 493 sq ft of well-designed living space and overlooks a peaceful green space, providing a sense of calm and privacy rarely found in city living. The efficient layout maximizes every inch, making it perfect for a comfortable lifestyle with minimal upkeep. Enjoy easy access

    Goldpath Real Estate Group United Brokers

    Section Image
See All Homes in Salem

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 Type Sale Price Title Company
Condominium Deed $430,000 None Available
Condominium Deed $430,000 None Available
Deed $228,000 --
Deed $228,000 --
Deed $245,000 --
Deed $245,000 --
Deed $217,500 --
Deed $217,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $417,100 Purchase Money Mortgage
Closed $417,100 Purchase Money Mortgage
Previous Owner $221,160 New Conventional
Previous Owner $196,000 Purchase Money Mortgage
Previous Owner $36,750 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

  • J

    Buyer's Agent in 2024

    Jeffrey Terlik

    Keller Williams Realty Evolution

  • T

    Seller's Agent in 2014

    Team Harborside

    Sagan Harborside Sotheby's International Realty

  • 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: 71646619

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 and is currently priced at $228,000, approximately $236 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 Horace Mann Laboratory, Saltonstall School, and Carlton Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Nearby Homes