NOT LISTED FOR SALE

78 Washington Square Unit 5 Salem, MA 01970

Salem Common Neighborhood

Estimated Value: $527,000 - $564,000

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. 42% increase in value since last sale

Current estimated payment $3,433/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

Schools

  • Elementary School: Cove Elementary
  • Middle School: Collins Middle
  • High School: Salem High

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
$547,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,929
Avg. Annual Appreciation
6.69%
Original Mortgage
$308,000
Outstanding Balance
$277,027
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$250,055

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:

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Average Value
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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
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 Martinez Robert J $258,000
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 Change Sq Ft Price
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
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

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72680242

MLS Property Information Network (MLS PIN)

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