NOT LISTED FOR SALE

78 Washington Square Unit 5 Salem, MA 01970

Salem Common Neighborhood

Estimated Value: $519,000 - $619,000

2 Beds
1 Bath
1,197 Sq Ft
6,098 Sq Ft Lot

Last Sold October 08, 2020

Last sale price $385,000 $322 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,341/month

21 Days on Market

About This Home

As of October 2020

Located in the Historic District of Salem, this beautiful penthouse two-bedroom unit with a bonus office and private parking offer classic modern finishes while taking advantage of light and space. Open living/dining area that is flanked with a wood-burning fireplace and features hardwood floors and modern light fixtures throughout. The kitchen is complete with granite counters and updated stainless steel appliances. Master bedroom features a walk-in closet, storage, and plenty of room for a king-size bed. The exquisite bathroom is tiled with a glass walk-in rain shower. Updated electricity and new subpanel installed. Enjoy the shared patio in a perfectly sun-lit yard, or sit comfortably on your front steps and appreciate the stunning and meticulously maintained, Salem Common. Pet-friendly association and only seconds from Salem Common, Commuter Rail, Pickering Wharf, and Salem's vibrant downtown area!

Last Agent to Sell the Property

Emmanuel Paul

Redfin Corp. Listed on: 06/25/2020

Redfin Corp.

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,198

Year Built

  • Built in 1820

Lot Details

  • 6,098

Parking

  • 1 Car Garage

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood Flooring

Utilities

  • Hot Water Baseboard Heater
  • Heating System Uses Gas

Additional Features

  • Basement

Community Details

  • Call for details about the types of pets allowed

Listing and Financial Details

  • Assessor Parcel Number M:35 L:0477 S:805

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,198

Year Built

Built in 1820

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Mid-Rise
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 334.09
  • Comp Based On: Net Sale Price
  • Year Built: 1820
  • Lead Paint: Unknown
  • Unit Building: 5
  • Unit Level: 3
  • Unit Placement: Top/Penthouse
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1820

Interior Features

  • Fireplaces: 1
  • Flooring: Hardwood
  • Appliances: Range, Dishwasher, Disposal, Refrigerator
  • No Bedrooms: 2
  • Master Bedroom: On Level: Third Floor, Closet - Walk-in, Flooring - Hardwood
  • Bedroom 2: On Level: Third Floor, Flooring - Hardwood
  • Full Bathrooms: 1
  • Bathroom 1: On Level: Third Floor, Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
  • No Rooms: 5
  • Dining Room: On Level: Third Floor, Flooring - Hardwood
  • Kitchen: On Level: Third Floor, Flooring - Hardwood, Countertops - Stone/Granite/Solid, Stainless Steel Appliances
  • Laundry: On Level: Basement
  • Living Room: On Level: Third Floor, Fireplace, Flooring - Hardwood
  • Basement: Y
  • No Living Levels: 1
  • Main Lo: NB3534
  • Main So: H11111
  • Estimated Sq Ft: 1197.00

Exterior Features

  • Beachfront Flag: Yes
  • Beach Miles To: 1/10 to 3/10
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Clapboard
  • Insulation Feature: Full
  • Exterior Unit Features: Patio

Garage/Parking

  • Parking Feature: Deeded, Unpaved Driveway
  • Parking Spaces: 2
  • Garage Parking: Detached, Garage Door Opener
  • Garage Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Heating: Hot Water Baseboard, Gas

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, Marina, Public School, T-Station
  • HOA Fees: 306.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Laundry Facilities, Landscaping, Garden Area, Reserve Funds
  • Condo Association: Yes
  • Management: Owner Association

Association/Amenities

  • Condominium Name: Newhall Condominium

Lot Info

  • Assessments: 376300.00
  • Acre: 0.14
  • Lot Size: 6081.00
  • Page: 113
  • Parcel Number: M:35 L:0477 S:805
  • Zoning: R2

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 5438.00
  • Assessor Parcel Number: 4315850

Multi Family

  • No Units: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2020
Closed on
Aug 24, 2020
Sold by
Hagar Jennifer L and Hogan Matthew K
Bought by
Martinez Luis
Seller's Agent
Emmanuel Paul
Redfin Corp.
Buyer's Agent
Non Member
Non Member Office
List Price
$399,900
Sold Price
$385,000
Premium/Discount to List
-$14,900
-3.73%
Current Estimated Value
$552,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,307
Avg. Annual Appreciation
7.24%
Original Mortgage
$308,000
Outstanding Balance
$272,708
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$279,599

Purchase Details

Listed on
Apr 27, 2017
Closed on
Jun 27, 2017
Sold by
Martinez Robert J and Nucci Cora
Bought by
Hagar Jennifer L and Hogan Matthew K
Seller's Agent
Alliance Home Team
RE/MAX Legacy
Buyer's Agent
Emmanuel Paul
Redfin Corp.
List Price
$339,000
Sold Price
$339,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.96%
Original Mortgage
$314,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2010
Sold by
Gilbo Darcy
Bought by
Martinez Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,750
Interest Rate
4.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2003
Sold by
Neal Penelope P
Bought by
Gilbo Darcy

Purchase Details

Closed on
Aug 24, 2001
Sold by
Skomurski Jospeh A
Bought by
Neal Penelope P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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 Buyer Sale Price Title Company
Martinez Luis $385,000 None Available
Hagar Jennifer L $339,000 --
Martinez Robert J $307,500 --
Gilbo Darcy $302,000 --
Neal Penelope P $229,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Luis $308,000
Previous Owner Hagar Jennifer L $314,000
Previous Owner Neal Penelope P $270,000
Previous Owner Neal Penelope P $276,750
Previous Owner Neal Penelope P $302,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/08/2020 10/08/20 Sold $385,000 -3.7% $322 / Sq Ft
07/16/2020 07/16/20 Pending -- -- --
06/25/2020 06/25/20 For Sale $399,900 +18.0% $334 / Sq Ft
06/27/2017 06/27/17 Sold $339,000 0.0% $283 / Sq Ft View Prior Sale
05/12/2017 05/12/17 Pending -- -- --
05/11/2017 05/11/17 For Sale $339,000 0.0% $283 / Sq Ft
05/06/2017 05/06/17 Pending -- -- --
04/27/2017 04/27/17 For Sale $339,000 -- $283 / 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 $5,198 $458,400 $0 $458,400
2024 $5,028 $432,700 $0 $432,700
2023 $5,269 $421,200 $0 $421,200
2022 $5,107 $385,400 $0 $385,400
2021 $5,626 $407,700 $0 $407,700
2020 $5,438 $376,300 $0 $376,300
2019 $5,277 $349,500 $0 $349,500
2018 $5,031 $327,100 $0 $327,100
2017 $4,731 $298,300 $0 $298,300
2016 $4,435 $283,000 $0 $283,000
2015 $4,378 $266,800 $0 $266,800
Source: Public Records

Agents Affiliated with this Home

  • N

    Buyer's Agent in 2020

    Non Member

    Non Member Office

  • A

    Seller's Agent in 2017

    Alliance Home Team

    RE/MAX

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72680242

MLS Property Information Network (MLS PIN)

APN: SALE-000035-000000-000477-000805-000805

Massachusetts Essex County Salem 01970 Salem Common

78 Washington Square Unit 5, Salem, MA

Not Listed for Sale

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