$123,500
SOLD AUG 5, 2016
0.17 Acre
$726,471 Price per Acre
7,405 Sq Ft Lot

Recently Sold

$130 Per Sq Ft

12% Below List Price

387 Days on Market

Highlights

  • Lake Front
  • Water Access
  • Pond
  • Docks
  • Pond View
  • Trails

About This Lot

As of January 2018

Town approved plans for a 2 story year round home! Waterfront lot on Beautiful Shadow Lake! 120' of water frontage with private beach and boat docking. Enjoy swimming, great fishing, boating and water skiing. What a perfect vacation spot! Or, build your dream house! This home on site was destroyed in a fire and is a tear down, town approved septic design, shore line protection approval and well on the property. 35 minutes from Boston. Less than 5 minutes to: Route 93, Rockingham Mall and shopping. Canobie Lake Park just minutes away!

Last Agent to Sell the Property

Charlotte Gassman

Team Gassman Real Estate LLC Brokerage Phone: 603-434-1000 License #060263 Listed on: 06/03/2015

Last Buyer's Agent

Christine Garabedian

Garabedian Group LLC License #067185

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,410

Lot Details

  • 7,405 Sq Ft Lot
  • Lake Front
  • West Facing Home
  • Lot Sloped Up
  • Property is zoned REC

Property Views

  • Pond Views

Schools

  • Woodbury Middle School
  • Salem High School

Utilities

  • Well
  • Septic Design Available

Community Details

  • Trails
  • Water Access
  • Docks
  • Pond

Property Details

Property Type

Land

Est. Annual Taxes

$2,410

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: Rt. 28 to Shadow Lake Road just after the Hess gas station. Property is on the left.
  • Flood Zone: Yes
  • Assessment Amount: 117100
  • Assessment Year: 2012
  • Exposure: West
  • Price Per Sq Ft: 726470.59
  • Property Class: Land
  • Permit Status: Details -See Rmrks-Nonpub, State - Pending
  • Remarks Public: Town approved plans for a 2 story year round home! Waterfront lot on Beautiful Shadow Lake! 120' of water frontage with private beach and boat docking. Enjoy swimming, great fishing, boating and water skiing. What a perfect vacation spot! Or, build your dream house! This home on site was destroyed in a fire and is a tear down, town approved septic design, shore line protection approval and well on the property. 35 minutes from Boston. Less than 5 minutes to: Route 93, Rockingham Mall and shopping. Canobie Lake Park just minutes away!
  • List Agent: 14943
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Yes
  • Roads: Paved, Public
  • Easements: Yes
  • Features Exterior: Docks
  • Water Body Name: shadow
  • Water Body Type: Pond
  • Shore Rights: Deeded
  • Waterfront: Yes
  • Water Body Access 2: Yes

Utilities

  • Electric: On-Site
  • Sewer: Septic Design Available
  • Water: On-Site Well Exists

Schools

  • School District: Salem
  • Middle School: Woodbury School
  • High School: Salem High School
  • High School: Salem High School

Lot Info

  • Lot Sq Ft: 7405
  • Lot Acres: 0.17
  • Lot Description: Lake Frontage, Neighbor Business, Pond Frontage, Pond Site, Trail/Near Trail, View, Waterfront
  • Surveyed: Yes
  • Zoning: REC
  • Total Lots: 1
  • Land Restrictions: Waterfront
  • Deed Book: 3442
  • Deed Page: 2413
  • Deed Recorded Type: Warranty

Tax Info

  • Tax Gross Amount: 2410
  • Tax Year: 2014

MLS Schools

  • School District: Salem
  • School Middle Jr: Woodbury School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2017
Closed on
Dec 29, 2017
Sold by
Allen Robert L
Bought by
Corry-Conway Jennifer
Seller's Agent
Christine Garabedian
Garabedian Group LLC
Buyer's Agent
Stephanie Lucas
Keller Williams Gateway Realty/Salem
List Price
$434,900
Sold Price
$415,000
Premium/Discount to List
-$19,900
-4.58%
Current Estimated Value
$697,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,317
Avg. Annual Appreciation
7.59%
Original Mortgage
$332,000
Outstanding Balance
$283,473
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$438,454

Purchase Details

Listed on
Feb 6, 2017
Closed on
Dec 28, 2017
Sold by
Souther Wendy J
Bought by
Delvin Neal A
Seller's Agent
Christine Garabedian
Garabedian Group LLC
Buyer's Agent
Stephanie Lucas
Keller Williams Gateway Realty/Salem
List Price
$434,900
Sold Price
$415,000
Premium/Discount to List
-$19,900
-4.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Outstanding Balance
$283,473
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$438,454

Purchase Details

Listed on
Oct 12, 2015
Closed on
Aug 8, 2016
Sold by
Merritt Bruce
Bought by
Allen Robert L
Seller's Agent
Charlotte Gassman
Team Gassman Real Estate LLC
Buyer's Agent
Non Member
Non Member Office
List Price
$139,900
Sold Price
$123,500
Premium/Discount to List
-$16,400
-11.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
133.40%
Original Mortgage
$255,175
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 1999
Sold by
Hedayat Est Zekrollah
Bought by
Merritt Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,000
Interest Rate
7.9%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $415,000 --
Warranty Deed $189,933 --
Warranty Deed $123,533 --
Deed $50,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $332,000 New Conventional
Previous Owner $255,175 New Conventional
Previous Owner $31,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2018 01/08/18 Sold $415,000 -4.5% $264 / Sq Ft
11/30/2017 11/30/17 Pending -- -- --
11/06/2017 11/06/17 Price Changed $434,500 -0.1% $277 / Sq Ft
02/06/2017 02/06/17 For Sale $434,900 +252.1% $277 / Sq Ft
08/05/2016 08/05/16 Sold $123,500 0.0% $130 / Sq Ft
08/05/2016 08/05/16 Sold $123,500 -11.7% $130 / Sq Ft
07/06/2016 07/06/16 Pending -- -- --
06/24/2016 06/24/16 Pending -- -- --
10/12/2015 10/12/15 For Sale $139,900 0.0% $147 / Sq Ft
06/03/2015 06/03/15 For Sale $139,900 -- $147 / Sq Ft
Source: PrimeMLS

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
2024 $8,649 $491,400 $176,800 $314,600
2023 $8,334 $491,400 $176,800 $314,600
2022 $7,887 $491,400 $176,800 $314,600
2021 $7,853 $491,400 $176,800 $314,600
2020 $7,652 $347,500 $126,300 $221,200
2019 $7,638 $347,500 $126,300 $221,200
2018 $7,509 $347,500 $126,300 $221,200
2017 $4,399 $211,100 $126,300 $84,800
2016 $2,462 $120,500 $88,400 $32,100
2015 $2,398 $112,100 $86,000 $26,100
2014 $2,435 $117,100 $86,000 $31,100
2013 $2,396 $117,100 $86,000 $31,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4427281

PrimeMLS

APN: SLEM-000037-004623