NOT LISTED FOR SALE

87 Federal St Unit 2 Salem, MA 01970

Estimated Value: $660,000 - $702,000

2 Beds
2 Baths
1,547 Sq Ft
8,276 Sq Ft Lot

Last Sold September 18, 2020

Last sale price $510,000 $330 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,105/month

13 Days on Market

About This Home

As of September 2020

Welcome to the Albert Goodhue House! Circa,1890. This quintessential McIntyre District Colonial Revival condo with federal style elements has it all. Located in Salem’s most coveted neighborhood. Stunning 2nd floor 2 bed 2 bath home blends old word charm & architectual detail with modern convenience & comfort! Period details throughout. The granite and stainless kitchen offers ample cabinets and plenty of counter space for meal prep. The breakfast nook overlooks the most spectacular yard and gardens. Charming living room has fireplace, original wainscoting, moldings, hardwood floors. Spacious master has carved mantel with working fireplace, dressing room, walk-in closet, full bath. This home offers 2 separate office space areas for added privacy during zoom meetings! In unit laundry, extra storage & parking. The sprawling backyard is an urban oasis, ideal for entertaining. Located moments away from Salem’s vibrant center, train to Boston. This is the one. Own a piece of Salem history

Last Agent to Sell the Property

Dale Grasso

RE/MAX Bentley's Listed on: 07/28/2020

RE/MAX Bentley's

Last Buyer's Agent

Crowell & Frost Realty Group

J. Barrett & Company

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,564

Year Built

  • Built in 1893

Lot Details

  • Year Round Access

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Natural Gas Water Heater

Additional Features

  • Basement

Community Details

  • Call for details about the types of pets allowed

Listing and Financial Details

  • Assessor Parcel Number M:26 L:0498 S:802

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,564

Year Built

Built in 1893

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: 2/3 Family
  • Year Built Description: Renovated Since
  • List Price Per Sq Ft: 339.37
  • Comp Based On: Net Sale Price
  • Year Built: 1893
  • Lead Paint: Unknown
  • Year Round: Yes
  • Unit Building: 2
  • Unit Level: 2
  • Unit Placement: Upper
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1893

Interior Features

  • Fireplaces: 2
  • Flooring: Tile, Hardwood
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • No Bedrooms: 2
  • Master Bedroom: On Level: Second Floor, Dimension: 25X14, Bathroom - Full, Fireplace, Closet - Linen, Closet, Flooring - Hardwood, Window(s) - Picture, Crown Molding
  • Bedroom 2: On Level: Second Floor
  • Full Bathrooms: 2
  • Bathroom 1: On Level: Second Floor
  • Bathroom 2: On Level: Second Floor
  • No Rooms: 6
  • Family Room: On Level: Second Floor
  • Kitchen: On Level: Second Floor, Dimension: 24X10
  • Laundry: On Level: Second Floor
  • Living Room: On Level: Second Floor, Dimension: 12X14, Flooring - Hardwood, Crown Molding
  • Basement: Y
  • No Living Levels: 1
  • Main Lo: AC2095
  • Main So: C95243
  • Estimated Sq Ft: 1547.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1/2 to 1 Mile
  • Exterior: Wood
  • Exterior Unit Features: Patio, Fenced Yard, Garden Area

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Window AC
  • Heating: Gas
  • Heat Zones: 1
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University
  • HOA Fees: 330.00
  • Association Fee Includes: Master Insurance, Exterior Maintenance, Landscaping, Snow Removal
  • Condo Association: Yes

Lot Info

  • Assessments: 414900.00
  • Acre: 0.19
  • Lot Size: 8080.00
  • Page: 296
  • Parcel Number: M:26 L:0498 S:802
  • Zoning: R2

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 5995.00
  • Assessor Parcel Number: 2132755

Multi Family

  • No Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2020
Closed on
Sep 11, 2020
Sold by
Rachel E Lieberman Ret
Bought by
Brock Austin and Brock Erin
Seller's Agent
Dale Grasso
RE/MAX Bentley's
Buyer's Agent
Crowell & Frost Realty Group
J. Barrett & Company
List Price
$525,000
Sold Price
$510,000
Premium/Discount to List
-$15,000
-2.86%
Current Estimated Value
$672,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,935
Avg. Annual Appreciation
5.60%
Original Mortgage
$433,500
Outstanding Balance
$383,989
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$288,946

Purchase Details

Closed on
Sep 19, 2017
Sold by
Lieberman Rachel
Bought by
Rachel E Lieberman Ret

Purchase Details

Closed on
Feb 25, 2015
Sold by
Young Raymond L
Bought by
Lieberman Rachel
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
Brock Austin $510,000 None Available
Rachel E Lieberman Ret -- --
Lieberman Rachel $345,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brock Austin $433,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2020 09/18/20 Sold $510,000 -2.9% $330 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $525,000 -- $339 / 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 $6,564 $578,800 $0 $578,800
2024 $6,794 $584,700 $0 $584,700
2023 $6,490 $518,800 $0 $518,800
2022 $6,302 $475,600 $0 $475,600
2021 $6,202 $449,400 $0 $449,400
2020 $5,995 $414,900 $0 $414,900
2019 $5,874 $389,000 $0 $389,000
2018 $5,591 $363,500 $0 $363,500
2017 $5,532 $348,800 $0 $348,800
2016 $5,414 $345,500 $0 $345,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72699489

MLS Property Information Network (MLS PIN)

APN: SALE-000026-000000-000498-000802-000802