NOT LISTED FOR SALE

7 Spring St Unit 1 Salem, MA 01970

Salem Common Neighborhood

Estimated Value: $414,000 - $492,388

2 Beds
1 Bath
857 Sq Ft
$510/Sq Ft Est. Value

Last Sold April 29, 2016

Last sale price $243,000 $284 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,768/month

About This Home

As of April 2016

You will feel instantly at home in this welcoming, well laid out condo just seconds from Colins Cove beach. The open layout is perfect for entertaining with a great flow between living, dining and kitchen. Enjoy hardwood floors through out, ornate fireplaces, beautiful molding, granite counter tops, stainless steel appliances and gas cooking. There are two good sized bedrooms, a large bathroom, extra storage in the basement, common outdoor space and in unit laundry. You can walk to the train, commuter ferry and all of the fabulous restaurants and shops in downtown Salem. What more could you ask for? Oh parking...you have that too! Small dogs and cats ok. Flexible lease terms. One month fee to be paid by tenant and split evenly between listing broker and tenant broker.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 7, 2021
Sold by
Dessert Damon A and Hagen Laura A
Bought by
Awan Jordan and Elliott Morgan
Current Estimated Value
$437,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Outstanding Balance
$281,402
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$141,054

Purchase Details

Closed on
Jan 5, 2019
Sold by
Hagen Laura
Bought by
Hagen Laura and Dessert Damon A

Purchase Details

Listed on
Mar 15, 2016
Closed on
Apr 29, 2016
Sold by
Spencer Sarah E
Bought by
Hagen Laura
Seller's Agent
Merry Fox Team
MerryFox Realty
Buyer's Agent
Jenny May
J. Barrett & Company
List Price
$239,000
Sold Price
$243,000
Premium/Discount to List
$4,000
1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.29%
Original Mortgage
$230,850
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2005
Sold by
Wood James
Bought by
Spencer Sarah E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Awan Jordan $340,000 None Available
Hagen Laura -- None Available
Hagen Laura $243,000 --
Spencer Sarah E $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Awan Jordan $306,000
Previous Owner Hagen Laura $230,850
Previous Owner Spencer Sarah E $188,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2018 09/11/18 Rented $2,000 0.0% --
09/11/2018 09/11/18 Under Contract -- -- --
08/30/2018 08/30/18 For Rent $2,000 0.0% --
04/29/2016 04/29/16 Sold $243,000 +1.7% $284 / Sq Ft
03/18/2016 03/18/16 Pending -- -- --
03/15/2016 03/15/16 For Sale $239,000 -- $279 / Sq Ft

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 $4,143 $365,300 $0 $365,300
2024 $4,048 $348,400 $0 $348,400
2023 $3,921 $313,400 $0 $313,400
2022 $3,808 $287,400 $0 $287,400
2021 $3,716 $269,300 $0 $269,300
2020 $3,639 $251,800 $0 $251,800
2019 $3,453 $228,700 $0 $228,700
2018 $2,901 $188,600 $0 $188,600
2017 $2,844 $179,300 $0 $179,300
2016 $2,691 $171,700 $0 $171,700
2015 $2,693 $164,100 $0 $164,100
Source: Public Records

Agents Affiliated with this Home

  • Emily Ingardia

    Seller's Agent in 2018

    Emily Ingardia

    Donnelly + Co.

    (617) 480-9976

    74 Total Sales

    Emily Ingardia
    Section Image

  • E

    Seller Co-Listing Agent in 2018

    Erin Loughran

    Donnelly + Co.

    (508) 265-8298

    44 Total Sales

    Erin Loughran
    Section Image

  • M

    Seller's Agent in 2016

    Merry Fox Team

    MerryFox Realty

    24 in this area

    281 Total Sales

    Merry Fox Team
    Section Image
  • Jenny May

    Buyer's Agent in 2016

    Jenny May

    J. Barrett & Company

    (978) 828-4142

    51 Total Sales

    Jenny May
    Section Image
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Map

Massachusetts Essex County Salem 01970 Salem Common

7 Spring St Unit 1, Salem, MA

Homes for Sale in Salem, MA

This home is located at 7 Spring St Unit 1, Salem, MA 01970 and is currently estimated at $437,097, approximately $510 per square foot. 7 Spring St Unit 1 is a home located in Essex County with nearby schools including Carlton Elementary School, Saltonstall School, and Bates 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.

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