NOT LISTED FOR SALE

8 Russell Dr Unit 7B Salem, MA 01970

South Salem Neighborhood

Estimated Value: $490,000 - $530,000

3 Beds
2 Baths
1,586 Sq Ft
$320/Sq Ft Est. Value

About This Home

This home is located at 8 Russell Dr Unit 7B, Salem, MA 01970 and is currently estimated at $508,233, approximately $320 per square foot. 8 Russell Dr Unit 7B is a home located in Essex County with nearby schools including Horace Mann Laboratory, Saltonstall School, and Carlton Elementary School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2023
Sold by
Nikolayev Elena
Bought by
Maffei William J
Current Estimated Value
$508,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Outstanding Balance
$319,346
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$185,094

Purchase Details

Closed on
Sep 13, 2018
Sold by
Cornwell 3Rd William D
Bought by
Nikolayev Elena

Purchase Details

Closed on
Nov 9, 2015
Sold by
Cornwell Evangeline W
Bought by
Cornwell 3Rd William D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2005
Sold by
Azevedo Milena A
Bought by
Cornwell 3Rd William D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 5, 1993
Sold by
Lucien Angela H
Bought by
Klaus Jeffrey S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Maffei William J $500,000 None Available
Nikolayev Elena $273,000 --
Cornwell 3Rd William D -- --
Cornwell 3Rd William D $290,000 --
Klaus Jeffrey S $112,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maffei William J $325,000
Previous Owner Cornwell 3Rd William D $168,000
Previous Owner Klaus Jeffrey S $232,000
Previous Owner Klaus Jeffrey S $97,000
Source: Public Records

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 $4,965 $437,800 $0 $437,800
2024 $4,407 $379,300 $0 $379,300
2023 $4,173 $333,600 $0 $333,600
2022 $4,062 $306,600 $0 $306,600
2021 $3,846 $278,700 $0 $278,700
2020 $3,972 $274,900 $0 $274,900
2019 $3,861 $255,700 $0 $255,700
2018 $3,505 $238,000 $0 $238,000
2017 $3,469 $218,700 $0 $218,700
2016 $3,400 $217,000 $0 $217,000
2015 $3,353 $204,300 $0 $204,300
Source: Public Records

Map

Massachusetts Essex County Salem 01970 South Salem

8 Russell Dr Unit 7B, Salem, MA

Homes for Sale in Salem, MA

This home is located at 8 Russell Dr Unit 7B, Salem, MA 01970 and is currently estimated at $508,233, approximately $320 per square foot. 8 Russell Dr Unit 7B is a home located in Essex County with nearby schools including Horace Mann Laboratory, Saltonstall School, 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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