NOT LISTED FOR SALE

87 Federal St Unit 1 Salem, MA 01970

Estimated Value: $651,000 - $681,000

2 Beds
2.5 Baths
1,385 Sq Ft
$350/mo HOA Fee

Last Sold October 20, 2023

Last sale price $600,000 $433 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,428/month

5 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Property is near public transit
  • Soaking Tub
  • Deck
  • Wood Flooring
  • 5-minute walk to Piperpont Park

About This Home

As of October 2023

Welcome home to this gorgeous McIntire District condo with parking and a back yard! Located in the heart of Salem, this stunning 2 bedroom, 2.5 bath has it all. Chandelier foyer leads to a living room with soaring ceilings and fireplace. Right off of the living room is a mini home office with a built in desk. Eat-in kitchen with stainless steel appliances, wine fridge and breakfast bar. Walk through the sliding glass doors to the back deck which is this units' private retreat which overlooks the beautiful shared yard. A true oasis in the middle of the city. Your choice of main bedroom as they both have ensuite bathrooms. One bedroom boasts a fireplace and stacked washer/dryer in the walk in closet. The other has a large bathroom with jacuzzi tub. Period details throughout including original wainscoting, moldings, and beautiful hardwood floors. Plenty of storage in the basement.

Last Agent to Sell the Property

Charlotte McAleer

Herrick Lutts Realty Partners Listed on: 09/20/2023

Co-Listed By

Herrick Lutts Realty Partners

Herrick Lutts Realty Partners

Last Buyer's Agent

Joe Luciano

RE/MAX Bentley's

RE/MAX Bentley's

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,455

Year Built

  • Built in 1893

Lot Details

  • 8,059

HOA Fees

  • $350 Monthly HOA Fees

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,385 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Wood Flooring
  • Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Fireplace in Primary Bedroom
  • Soaking Tub
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Parking Space
  • Off-Street Parking

Utilities

  • Ductless Heating Or Cooling System
  • 2 Cooling Zones
  • 2 Heating Zones
  • Heating System Uses Steam

Additional Features

  • Deck
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 4936813

Community Details

Overview

  • Association fees include water, sewer, insurance, ground maintenance, snow removal
  • 3 Units

Amenities

  • Shops

Recreation

  • Park

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,455

Year Built

Built in 1893

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: 2/3 Family
  • Year Built: 1893
  • Buyer Agency: 2.25
  • Entry Level: 1
  • Transaction Broker: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Entry Location: Unit Placement(Ground)
  • Fireplace Features: Master Bedroom
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Closet, Flooring - Wood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bathrooms: 2.5
  • Room Master Bedroom Features: Closet, Flooring - Hardwood
  • Room Master Bedroom Level: First
  • Master Bathroom Features: Yes
  • Bathroom 1 Features: Bathroom - Full, Bathroom - Tiled With Shower Stall
  • Bathroom 1 Level: First
  • Bathroom 2 Level: First
  • Bathroom 2 Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Jacuzzi / Whirlpool Soaking Tub
  • Bathroom 3 Features: Bathroom - Half
  • Bathroom 3 Level: First
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Wood
  • Room Living Room Level: First
  • Room Living Room Features: Flooring - Wood
  • Basement: Y
  • Living Area: 1385
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: AN6507
  • LIST PRICE PER Sq Ft: 418.05
  • PRICE PER Sq Ft: 433.21
  • MAIN SO: AN2888

Exterior Features

  • Exterior Features: Deck
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Waterfront YN: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Ductless
  • Heating: Steam, Ductless
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 2
  • COOLING ZONES: 2

Condo/Co-op/Association

  • Association Fee: 350
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, T-Station
  • Senior Community YN: No
  • UNIT BUILDING: 1
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: 4936813
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • PAGE: 527
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6455
  • Tax Book Number: 38572

Multi Family

  • Number Of Units Total: 3
  • Basement Included Sq Ft: No
  • NO UNITS OWNER OCC: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2020
Closed on
Apr 10, 2020
Sold by
Chase Elizabeth and Chase John
Bought by
Virginia W Love 2007 T
Seller's Agent
Jeremy McElwain
Keller Williams Realty Evolution
Buyer's Agent
Peter Lake
Lake Real Estate
List Price
$435,000
Sold Price
$475,000
Premium/Discount to List
$40,000
9.2%
Current Estimated Value
$666,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,078
Avg. Annual Appreciation
6.47%
Original Mortgage
$356,250
Interest Rate
3.3%
Mortgage Type
New Conventional
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
Virginia W Love 2007 T $475,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Virginia W Love 2007 T $356,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/20/2023 10/20/23 Sold $600,000 +3.6% $433 / Sq Ft
09/26/2023 09/26/23 Pending -- -- --
09/20/2023 09/20/23 For Sale $579,000 +21.9% $418 / Sq Ft
06/01/2020 06/01/20 Sold $475,000 +9.2% $343 / Sq Ft View Prior Sale
03/23/2020 03/23/20 Pending -- -- --
03/17/2020 03/17/20 For Sale $435,000 -- $314 / 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 $6,684 $589,400 $0 $589,400
2024 $6,914 $595,000 $0 $595,000
2023 $6,455 $516,000 $0 $516,000
2022 $6,271 $473,300 $0 $473,300
2021 $6,171 $447,200 $0 $447,200
2020 $5,930 $410,400 $0 $410,400
2019 $5,817 $385,200 $0 $385,200
2018 $5,548 $360,700 $0 $360,700
2017 $5,494 $346,400 $0 $346,400
2016 $5,204 $332,100 $0 $332,100
2015 $11,684 $712,000 $171,200 $540,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73161138

MLS Property Information Network (MLS PIN)

APN: SALE-000026-000000-000498-000801-000801