NOT LISTED FOR SALE

Estimated Value: $530,000 - $607,000

2 Beds
1 Bath
891 Sq Ft
$200/mo HOA Fee

Last Sold October 28, 2022

Last sale price $501,000 $562 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,825/month

1 Day on Market

Highlights

  • Marina
  • Waterfront
  • Property is near public transit
  • Medical Services
  • Deck
  • 4-minute walk to Collins Cove Park

About This Home

As of October 2022

OPEN HOUSES CANCELLED! Rare Opportunity to own a Direct Waterfront Condo overlooking beautiful Collins Cove! 2 Bedroom condo in ideal location, just steps from the beach and 2 blocks from Salem Common, a short walk to Downtown Salem shops, restaurants, and commuter train. Open concept living and dining space with walnut parquet flooring and large windows to take in the gorgeous harbor views. New Mitsubishi ductless split system installed in 2021 for energy efficient heating and cooling. Master bedroom boasts additional water views and ample closet space. Washer/Dryer in bathroom. Slider off the dining room leads to private Trex deck overlooking the waterfront & bike path below. Carport underneath for deeded 2 car parking and extra storage space. Unit is located on the 2nd floor (top level) of 4-unit building with low condo fees. Lucrative rental potential.

Last Listed By

Allison Ackerman

The Proper Nest Real Estate Listed on: 09/28/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,048

Year Built

  • Built in 1980

Lot Details

  • Waterfront
  • End Unit
  • Garden

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Carport
  • Tuck Under Parking
  • Off-Street Parking
  • Deeded Parking

Home Design

  • Garden Home
  • Shingle Roof

Interior Spaces

  • 891 Sq Ft Home
  • 1-Story Property

Kitchen

  • Range with Range Hood
  • Dishwasher

Flooring

  • Wood
  • Parquet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Ductless Heating Or Cooling System
  • Central Heating
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Gas Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 2137615

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal, trash, reserve funds
  • 4 Units
  • Mid-Rise Condominium
  • Collins Cove Condominium Community

Amenities

  • Medical Services
  • Shops
  • Community Storage Space

Recreation

  • Marina
  • Park
  • Jogging Path
  • Bike Trail

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,048

Year Built

Built in 1980

Lot Details

0

HOA Fees

$200 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden, Mid-Rise
  • Year Built: 1980
  • Buyer Agency: 2
  • Entry Level: 2
  • Transaction Broker: 1
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Hardwood, Parquet
  • Interior Amenities: Internet Available - Unknown
  • Entry Location: Unit Placement(Upper)
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Refrigerator,Washer,Dryer,Range Hood, Gas Water Heater
  • Total Bedrooms: 2
  • Room Bedroom2 Level: Second
  • Room Bedroom2 Area: 96
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Level: Second
  • Room Master Bedroom Area: 180
  • Master Bathroom Features: No
  • Bathroom 1 Level: Second
  • Room Dining Room Level: Second
  • Room Kitchen Level: Second
  • Laundry Features: In Unit
  • Room Living Room Level: Second
  • Basement: N
  • Accessibility Features: No
  • Living Area: 891
  • Stories Total: 1
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 531.99
  • PRICE PER Sq Ft: 562.29
  • MAIN SO: BB5918

Exterior Features

  • Exterior Features: Garden
  • Common Walls: End Unit
  • Patio And Porch Features: Deck - Composite
  • Roof: Shingle
  • Waterfront Features: Waterfront, Beach Front, Harbor, Harbor, Direct Access, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage Spaces: 2
  • Attached Garage YN: Yes
  • Carport Y N: Yes
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Parking Features: Under, Carport, Deeded, Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit Control, Ductless
  • Heating: Central, Natural Gas, Unit Control, Ductless
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Storage
  • Association Fee: 200
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, Marina, T-Station, University
  • Senior Community YN: No
  • UNIT BUILDING: 22
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds

Lot Info

  • Parcel Number: 2137615
  • Zoning: res
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 14
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4048
  • Tax Book Number: 39715

Multi Family

  • Number Of Units Total: 4
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2022
Closed on
Oct 28, 2022
Sold by
Kaetzer John and Kaetzer Judith M
Bought by
Bourgeois James
Seller's Agent
Allison Ackerman
The Proper Nest Real Estate
Buyer's Agent
Peter Michaud
Gibson Sotheby's International Realty
List Price
$474,000
Sold Price
$501,000
Premium/Discount to List
$27,000
5.7%
Total Days on Market
1
Views
54
Current Estimated Value
$566,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,938
Avg. Annual Appreciation
4.97%
Original Mortgage
$90,000
Outstanding Balance
$87,221
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$479,717

Purchase Details

Closed on
Mar 31, 2021
Sold by
Bascom Hannah
Bought by
Kaetzer John and Kaetzer Judith M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2018
Sold by
Mccarthy Ryan
Bought by
Bascom Hannah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Listed on
Jun 14, 2013
Closed on
Aug 16, 2013
Sold by
Sharma Manaswi and Venkateswaran Anjli
Bought by
Mccarthy Ryan and Nascom Hannah
Seller's Agent
Marilyn Jarvis
Keller Williams Realty Evolution
Buyer's Agent
Phil Bourgeault
Sagan Harborside Sotheby's International Realty
List Price
$229,900
Sold Price
$212,500
Premium/Discount to List
-$17,400
-7.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.70%
Original Mortgage
$161,250
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2007
Sold by
Morrow Rene Denise
Bought by
Sharma Manaswi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,910
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2001
Sold by
Bell Mark and Bell Patricia K
Bought by
Morrow Rene Denise

Purchase Details

Closed on
Mar 31, 1999
Sold by
Wichtowski Jean
Bought by
Bell Patricia K and Bell Mark K

Purchase Details

Closed on
Oct 15, 1993
Sold by
Ferdman Mauro and Ferdman Susan
Bought by
Wichtowski Jean

Range of Values:

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Average Value
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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
Bourgeois James $501,000 None Available
Kaetzer John $400,000 None Available
Bascom Hannah -- --
Mccarthy Ryan $215,000 --
Sharma Manaswi -- --
Morrow Rene Denise $169,900 --
Bell Patricia K $113,000 --
Wichtowski Jean $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bourgeois James $90,000
Previous Owner Kaetzer John $380,000
Previous Owner Baccom Hannah $148,000
Previous Owner Mccarthy Ryan $161,250
Previous Owner Wichtowski Jean $165,000
Previous Owner Wichtowski Jean $179,910
Previous Owner Wichtowski Jean $134,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $501,000 +5.7% $562 / Sq Ft
09/30/2022 09/30/22 Pending -- -- --
09/28/2022 09/28/22 For Sale $474,000 +123.1% $532 / Sq Ft
08/15/2013 08/15/13 Sold $212,500 0.0% $238 / Sq Ft
08/13/2013 08/13/13 Pending -- -- --
07/23/2013 07/23/13 Off Market $212,500 -- --
07/17/2013 07/17/13 Price Changed $224,900 -2.2% $252 / Sq Ft
06/14/2013 06/14/13 For Sale $229,900 -- $258 / 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 $5,603 $494,100 $0 $494,100
2024 $5,599 $481,800 $0 $481,800
2023 $4,666 $373,000 $0 $373,000
2022 $4,048 $305,500 $0 $305,500
2021 $3,809 $276,000 $0 $276,000
2020 $3,881 $268,600 $0 $268,600
2019 $3,822 $253,100 $0 $253,100
2018 $3,594 $233,700 $0 $233,700
2017 $3,491 $220,100 $0 $220,100
2016 $3,242 $206,900 $0 $206,900
2015 $3,267 $199,100 $0 $199,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73041683

MLS Property Information Network (MLS PIN)

APN: SALE-000036-000000-000470-000804-000804