NOT LISTED FOR SALE

71 Ocean Ave Unit 3 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $296,000 - $382,000

1 Bed
1 Bath
665 Sq Ft
$507/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $220,000 $331 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,150/month

About This Home

As of August 2019

Bright and sunny 1 bedroom condo conveniently located between Salem State University and downtown Salem. Tall ceilings, an abundance of windows, and no "dead space" lost to hallways make this unit feel bigger than the square footage suggests. Open concept with hard wood floors, large rooms, and ample storage. Off street parking and and common laundry in basement. Credit/Eviction/Criminal report required at applicant's expense. No Smoking. Easy to show. Available November 1. One Small dog or cat allowed. First and Last month's rent required to move in.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2019
Closed on
Aug 30, 2019
Sold by
Sinnott Kate E
Bought by
Contreras Jose A
Seller's Agent
Merry Fox Team
MerryFox Realty
Buyer's Agent
Michele Allison-Elwell
Coldwell Banker Realty - Beverly
List Price
$214,900
Sold Price
$220,000
Premium/Discount to List
$5,100
2.37%
Current Estimated Value
$336,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,918
Avg. Annual Appreciation
7.69%
Original Mortgage
$209,000
Outstanding Balance
$185,367
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$151,551

Purchase Details

Closed on
Jun 29, 2007
Sold by
Heindl Hilary and Heindl Jesse
Bought by
Sinnott Kate E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2003
Sold by
Halteman Gary and Murch Robert L
Bought by
Heindl Jesse

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2002
Sold by
Corneau Patricia and Corneau Kenneth
Bought by
Halteman Gary D and Murch Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 2002
Sold by
Young Raymond L
Bought by
Corneau Patricia and Corneau Kenneth

Range of Values:

Collateral Analytics

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ICE

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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
Contreras Jose A $220,000 --
Sinnott Kate E $185,000 --
Heindl Jesse $195,000 --
Halteman Gary D $170,000 --
Corneau Patricia $149,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Contreras Jose A $209,000
Previous Owner Corneau Patricia $154,500
Previous Owner Corneau Patricia $166,500
Previous Owner Corneau Patricia $175,500
Previous Owner Corneau Patricia $161,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2020 11/08/20 Rented $1,700 0.0% --
10/30/2020 10/30/20 Under Contract -- -- --
10/26/2020 10/26/20 Price Changed $1,700 -5.6% $3 / Sq Ft
10/10/2020 10/10/20 For Rent $1,800 0.0% --
08/30/2019 08/30/19 Sold $220,000 +2.4% $331 / Sq Ft
07/16/2019 07/16/19 Pending -- -- --
07/11/2019 07/11/19 For Sale $214,900 -- $323 / 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 $3,166 $279,200 $0 $279,200
2024 $3,097 $266,500 $0 $266,500
2023 $3,037 $242,800 $0 $242,800
2022 $2,934 $221,400 $0 $221,400
2021 $3,011 $218,200 $0 $218,200
2020 $2,933 $203,000 $0 $203,000
2019 $2,875 $190,400 $0 $190,400
2018 $2,716 $176,600 $0 $176,600
2017 $2,731 $172,200 $0 $172,200
2016 $2,512 $160,300 $0 $160,300
2015 $2,498 $152,200 $0 $152,200
Source: Public Records

Agents Affiliated with this Home

  • Maggie Gibson

    Seller's Agent in 2020

    Maggie Gibson

    MerryFox Realty

    (978) 852-1566

    3 in this area

    31 Total Sales

    Maggie Gibson
    Section Image

  • M

    Seller's Agent in 2019

    Merry Fox Team

    MerryFox Realty

    23 in this area

    281 Total Sales

    Merry Fox Team
    Section Image
  • Dan Fox

    Seller Co-Listing Agent in 2019

    Dan Fox

    MerryFox Realty

    (978) 740-0008

    11 in this area

    103 Total Sales

    Dan Fox
    Section Image
  • Michele Allison-Elwell

    Buyer's Agent in 2019

    Michele Allison-Elwell

    Coldwell Banker Realty - Beverly

    (978) 766-8041

    13 Total Sales

    Michele Allison-Elwell
    Section Image
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Map

Massachusetts Essex County Salem 01970 South Salem

71 Ocean Ave Unit 3, Salem, MA

Homes for Sale in Salem, MA

This home is located at 71 Ocean Ave Unit 3, Salem, MA 01970 and is currently estimated at $336,918, approximately $506 per square foot. 71 Ocean Ave Unit 3 is a home located in Essex County with nearby schools including Saltonstall School, Horace Mann Laboratory, 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.

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