8 Union St Unit 3 Salem, MA 01970
Derby Street Neighborhood
2
Beds
1
Bath
1,451
Sq Ft
10,019
Sq Ft Lot
About This Home
As of December 2024Two story penthouse loft in fabulous downtown location with the perfect blend of early 20th century patina and 21st century comforts. Exposed beams, bricks walls, original fireplaces and wood floors are combined with complete luxe renovations -- central air, in-unit laundry, new kitchen with SS/granite, and high efficiency fixtures. A generous 2nd story loft easily works as 3rd BR, home office, studio/playroom or extended living space. Two deeded parking spaces and shared outdoor area included. Amazing place to call home -- just steps to PEM, Salem Common, waterfront, train, and the best local dining/shopping.
Last Agent to Sell the Property
Kevin Fruh
Gibson Sotheby's International Realty
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 24, 2016
Closed on
Nov 21, 2016
Sold by
Magnifico John and Magnifico Lauren
Bought by
Rotsart Angelica and Hughes Robert
Seller's Agent
Kevin Fruh
Gibson Sotheby's International Realty
Buyer's Agent
Tyson Lynch
The Proper Nest Real Estate
List Price
$374,990
Sold Price
$374,990
Total Days on Market
3
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,702
Avg. Annual Appreciation
5.67%
Original Mortgage
$337,491
Interest Rate
3.42%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 17, 2009
Sold by
6 Union Street Llc
Bought by
Magnifico John
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,500
Interest Rate
5.31%
Mortgage Type
Purchase Money Mortgage
Map
Property Details
Home Type
Condominium
Est. Annual Taxes
$5,716
Year Built
1900
Lot Details
0
Listing Details
- Unit Level: 3
- Unit Placement: Top/Penthouse
- Property Type: Condominium/Co-Op
- Lead Paint: Unknown
- Year Round: Yes
- Special Features: None
- Property Sub Type: Condos
- Year Built: 1900
Interior Features
- Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
- Fireplaces: 2
- Has Basement: Yes
- Fireplaces: 2
- Number of Rooms: 5
- Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails
- Electric: 100 Amps
- Energy: Insulated Windows
- Flooring: Wood, Tile
- Insulation: Full
- Bedroom 2: First Floor, 15X12
- Bathroom #1: First Floor, 8X8
- Kitchen: First Floor, 15X12
- Laundry Room: First Floor
- Living Room: First Floor, 12X10
- Master Bedroom: First Floor, 15X12
- Master Bedroom Description: Bathroom - Full, Ceiling - Beamed, Flooring - Wood
- Dining Room: First Floor, 12X13
- Oth1 Room Name: Loft
- Oth1 Dimen: 25X19
- Oth1 Dscrp: Skylight, Ceiling - Beamed, Flooring - Wood
- Oth1 Level: Second Floor
- No Living Levels: 2
Exterior Features
- Roof: Asphalt/Fiberglass Shingles
- Construction: Brick, Post & Beam
- Exterior: Brick
- Beach Ownership: Public
Garage/Parking
- Parking: Off-Street, Tandem, Deeded
- Parking Spaces: 2
Utilities
- Cooling: Central Air
- Heating: Forced Air, Gas
- Cooling Zones: 1
- Heat Zones: 1
- Hot Water: Natural Gas, Tank
- Utility Connections: for Gas Range, for Gas Oven, Washer Hookup
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Condominium Name: Union Square Condominium
- Association Fee Includes: Master Insurance, Exterior Maintenance, Landscaping, Snow Removal, Reserve Funds, Water, Sewer
- Management: Owner Association
- Pets Allowed: Yes
- No Units: 11
- Unit Building: 3
Fee Information
- Fee Interval: Monthly
Schools
- High School: Salem High
Lot Info
- Assessor Parcel Number: M:35 L:0281 S:806
- Zoning: R2
- Lot: 806
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Similar Homes in Salem, MA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $374,990 | -- | |
| Deed | $290,000 | -- | |
| Deed | $290,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $438,750 | Purchase Money Mortgage | |
| Closed | $438,750 | Purchase Money Mortgage | |
| Closed | $307,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $337,491 | New Conventional | |
| Previous Owner | $256,000 | No Value Available | |
| Previous Owner | $275,500 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/11/2024 12/11/24 | Sold | $585,000 | 0.0% | $403 / Sq Ft |
| 11/13/2024 11/13/24 | Pending | -- | -- | -- |
| 11/10/2024 11/10/24 | Price Changed | $585,000 | -2.3% | $403 / Sq Ft |
| 10/02/2024 10/02/24 | For Sale | $599,000 | +59.7% | $413 / Sq Ft |
| 11/21/2016 11/21/16 | Sold | $374,990 | 0.0% | $258 / Sq Ft |
| 09/27/2016 09/27/16 | Pending | -- | -- | -- |
| 09/24/2016 09/24/16 | For Sale | $374,990 | -- | $258 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $5,716 | $504,100 | $0 | $504,100 |
| 2024 | $5,618 | $483,500 | $0 | $483,500 |
| 2023 | $5,577 | $445,800 | $0 | $445,800 |
| 2022 | $5,247 | $396,000 | $0 | $396,000 |
| 2021 | $5,069 | $367,300 | $0 | $367,300 |
| 2020 | $5,108 | $353,500 | $0 | $353,500 |
| 2019 | $4,844 | $320,800 | $0 | $320,800 |
| 2018 | $4,360 | $283,500 | $0 | $283,500 |
| 2017 | $4,271 | $269,300 | $0 | $269,300 |
| 2016 | $4,041 | $257,900 | $0 | $257,900 |
| 2015 | $4,114 | $250,700 | $0 | $250,700 |
Source: Public Records
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72072521
APN: SALE-000035-000000-000281-000806-000806
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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.
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