$388,000
SOLD AUG 26, 2022
1 Bed
1 Bath
707 Sq Ft
$297/mo HOA Fee

Recently Sold

$549 Per Sq Ft

16% Above List Price

4 Days on Market

About This Home

As of August 2022

Perfectly situated in the heart of downtown, historic Salem, welcome home to 8 Brown Street. This third floor unit boasts an open-concept main living floor plan, presenting a seamless collaboration of original architectural details and convenient, modern updates. A spacious kitchen overlooks the living area while offering stainless steel appliances, gas cooking, granite countertops, recessed lighting and breakfast bar with seating. Original pine wood floors have been wonderfully preserved and span throughout the unit. This home offers a well-sized bedroom with walk-in closet and full bathroom including bath tub & shower. Includes 1 off-street parking space. Immerse yourself in the Salem lifestyle and embrace the opportunity to enjoy all that it offers from your front doorstep. You are seconds from Salem Commons, Pickering Wharf, shopping, restaurants and historic landmarks. This home is minutes away from the commuter rail and Salem Ferry and is close proximity to Rt. 128.

Last Agent to Sell the Property

Kevin Fruh

Gibson Sotheby's International Realty Listed on: 07/06/2022

Gibson Sotheby's International Realty

Co-Listed By

Rachel Mello

Gibson Sotheby's International Realty

Last Buyer's Agent

Kevin Mccafferty

RyVal Homes

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,380

Year Built

1809

Lot Details

0

HOA Fees

$297 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 1809
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Entry Level: 3
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile, Pine
  • Interior Amenities: Internet Available - Unknown
  • Fireplace Features: Living Room
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Range,Dishwasher,Refrigerator,Range Hood, Utility Connections for Gas Range, Utility Connections for Gas Oven
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Walk-In Closet(s), Flooring - Wood
  • Room Master Bedroom Level: Third
  • Room Master Bedroom Area: 169
  • Bathroom 1 Area: 42.5
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
  • Bathroom 1 Level: Third
  • Room Kitchen Level: Third
  • Room Kitchen Features: Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Stainless Steel Appliances, Gas Stove, Peninsula
  • Room Kitchen Area: 126
  • Laundry Features: In Building
  • Room Living Room Level: Third
  • Room Living Room Area: 210
  • Room Living Room Features: Flooring - Wood, Recessed Lighting, Crown Molding
  • Basement: Y
  • Living Area: 707
  • Stories Total: 3
  • MAIN LO: AN4550
  • LIST PRICE PER Sq Ft: 473.83
  • PRICE PER Sq Ft: 548.8
  • MAIN SO: NB9147

Exterior Features

  • Construction Materials: Brick
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven
  • Cooling: Window Unit(s)
  • Heating: Hot Water, Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Hot Water, Laundry
  • Association Fee: 297.2
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
  • UNIT BUILDING: 3
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure, Snow Removal

Lot Info

  • Parcel Number: M:35 L:0185 S:803,4318476
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 2923
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 109
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3825
  • Tax Book Number: 37862

Multi Family

  • Number Of Units Total: 5
  • Basement Included Sq Ft: No

MLS Schools

  • High School: Salem
  • Elementary School: Salem
  • Middle Or Junior School: Salem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2022
Closed on
Aug 26, 2022
Sold by
Sunkenberg James R
Bought by
Gathman Hannah
Seller's Agent
Kevin Fruh
Gibson Sotheby's International Realty
Buyer's Agent
Kevin Mccafferty
RyVal Homes
List Price
$335,000
Sold Price
$388,000
Premium/Discount to List
$53,000
15.82%
Current Estimated Value
$421,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,412
Avg. Annual Appreciation
2.84%
Original Mortgage
$328,000
Outstanding Balance
$315,263
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$106,005

Purchase Details

Listed on
Jul 24, 2019
Closed on
Sep 18, 2019
Sold by
Yoffe Ariel
Bought by
Sunkenberg James R
Seller's Agent
Nick Russo
Coldwell Banker Realty - Marblehead
Buyer's Agent
Merry Fox Team
MerryFox Realty
List Price
$299,900
Sold Price
$299,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.19%
Original Mortgage
$284,905
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 2, 2017
Closed on
Nov 20, 2017
Sold by
Abbate Kennan E
Bought by
Yoffe Ariel
Seller's Agent
Pam McKee
Keller Williams Realty Evolution
Buyer's Agent
Judy Toner
The Proper Nest Real Estate
List Price
$299,000
Sold Price
$299,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.16%
Original Mortgage
$239,200
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2003
Sold by
Brown St Salem Rt
Bought by
Abbate Kennan E and Abbate Kennan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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 $388,000 None Available
Condominium Deed $299,900 --
Not Resolvable $299,000 --
Deed $175,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $328,000 Purchase Money Mortgage
Previous Owner $284,905 New Conventional
Previous Owner $239,200 New Conventional
Previous Owner $156,000 No Value Available
Previous Owner $157,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2022 08/26/22 Sold $388,000 +15.8% $549 / Sq Ft
07/27/2022 07/27/22 Off Market $335,000 -- --
07/11/2022 07/11/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $335,000 +11.7% $474 / Sq Ft
09/20/2019 09/20/19 Sold $299,900 0.0% $424 / Sq Ft
08/09/2019 08/09/19 Pending -- -- --
07/24/2019 07/24/19 For Sale $299,900 +0.3% $424 / Sq Ft
11/20/2017 11/20/17 Sold $299,000 0.0% $423 / Sq Ft
10/06/2017 10/06/17 Pending -- -- --
10/02/2017 10/02/17 For Sale $299,000 -- $423 / 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 $4,380 $386,200 $0 $386,200
2024 $4,297 $369,800 $0 $369,800
2023 $4,338 $346,800 $0 $346,800
2022 $3,825 $288,700 $0 $288,700
2021 $3,841 $278,300 $0 $278,300
2020 $3,589 $248,400 $0 $248,400
2019 $3,428 $227,000 $0 $227,000
2018 $2,948 $191,700 $0 $191,700
2017 $2,967 $187,100 $0 $187,100
2016 $2,756 $175,900 $0 $175,900
2015 $2,729 $166,300 $0 $166,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73007627

MLS Property Information Network (MLS PIN)

APN: SALE-000035-000000-000185-000803-000803