$243,000
SOLD APR 29, 2016

7 Spring St Unit 1 Salem, MA 01970

Salem Common Neighborhood
2 Beds
1 Bath
857 Sq Ft
3,528 Sq Ft Lot

Recently Sold

$284 Per Sq Ft

2% Above List Price

3 Days on Market

About This Home

As of April 2016

Great location? Check! Off street parking? Check! Brand New Heating System? Check! Laundry in unit? Check! Gas Heat? Check! Granite counter tops? Check! Yard? Check! This two bedroom condo nestled between the Salem Common and Collins Cove has everything the discerning buyer is looking for. Antique charm and modern amenities balance each other perfectly throughout...wide pine floors, fireplace .... yet updated heating and replacement windows. Come see for yourself!

Last Agent to Sell the Property

Merry Fox Team

MerryFox Realty Listed on: 03/15/2016

Last Buyer's Agent

Jenny May

J. Barrett & Company

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,143

Year Built

1860

Lot Details

0

Listing Details

  • Unit Level: 1
  • Unit Placement: Street
  • Property Type: Condominium/Co-Op
  • Other Agent: 2.50
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1860

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Fireplaces: 1
  • Has Basement: Yes
  • Fireplaces: 1
  • Number of Rooms: 5
  • Electric: Circuit Breakers
  • Energy: Insulated Windows
  • Flooring: Wood, Tile
  • Bedroom 2: First Floor
  • Bathroom #1: First Floor
  • Kitchen: First Floor
  • Laundry Room: First Floor
  • Living Room: First Floor
  • Master Bedroom: First Floor
  • Dining Room: First Floor
  • No Living Levels: 1

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Vinyl
  • Beach Ownership: Public

Garage/Parking

  • Parking Spaces: 1

Utilities

  • Heating: Steam, Gas
  • Heat Zones: 1
  • Hot Water: Natural Gas
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Snow Removal
  • Management: Owner Association
  • Pets Allowed: Yes
  • No Units: 2
  • Unit Building: 1

Fee Information

  • Fee Interval: Monthly

Lot Info

  • Zoning: R2

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
$474,707

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
$280,241
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$161,892

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
6.57%
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
Source: Public Records

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 $340,000 None Available
Quit Claim Deed -- None Available
Not Resolvable $243,000 --
Deed $235,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $306,000 Purchase Money Mortgage
Previous Owner $230,850 New Conventional
Previous Owner $188,000 Purchase Money Mortgage
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
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 $4,143 $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

    70 Total Sales

    Emily Ingardia
    Section Image

  • E

    Seller Co-Listing Agent in 2018

    Erin Loughran

    Donnelly + Co.

    (508) 265-8298

    43 Total Sales

    Erin Loughran
    Section Image

  • M

    Seller's Agent in 2016

    Merry Fox Team

    MerryFox Realty

    23 in this area

    266 Total Sales

    Merry Fox Team
    Section Image
  • Jenny May

    Buyer's Agent in 2016

    Jenny May

    J. Barrett & Company

    (978) 828-4142

    44 Total Sales

    Jenny May
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71972199

MLS Property Information Network (MLS PIN)

APN: SALE-000036-000000-000460-000801-000801

Massachusetts Essex County Salem 01970 Salem Common

7 Spring St Unit 1, Salem, MA

This home is located at 7 Spring St Unit 1, Salem, MA 01970 and is currently priced at $243,000, approximately $283 per square foot. This property was built in 1860. 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.

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