$419,400
SOLD JUL 17, 2020

88 Ocean Ave Unit 3 Salem, MA 01970

South Salem Neighborhood
3 Beds
2 Baths
1,491 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$281 Per Sq Ft

23 Days on Market

About This Home

As of August 2022

LAST UNIT LEFT IN THIS AMAZING NEW CONDO COMPLEX !!!! WOW! Absolutely stunning modern *new* condos in desirable Historic Salem . Penthouse / Top floor unit features three bedrooms , one and 1/2 tile baths, in unit laundry hook up, authentic wood floors , loads of storage. Designer kitchen, 1 car garage and 1 parking spot too ! WILL NOT LAST. .... Easy to show. Virtual tour https://my.matterport.com/show/?m=UQjxDmQbCtR&mls=1

Last Agent to Sell the Property

Herrick Lutts Realty Partners

Herrick Lutts Realty Partners Listed on: 04/30/2020

Last Buyer's Agent

The Movement Group

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,533

Year Built

  • Built in 1910

Parking

  • 1 Car Garage

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood Flooring

Utilities

  • Forced Air Heating and 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:33 L:0067

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,533

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: 2/3 Family
  • Other Agent: 1.00
  • Year Built Description: Actual, Renovated Since
  • List Price Per Sq Ft: 281.62
  • Comp Based On: Net Sale Price
  • Year Built: 1910
  • Lead Paint: Unknown
  • Unit Building: 3
  • Unit Level: 3
  • Unit Placement: Top/Penthouse
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1910

Interior Features

  • Flooring: Hardwood
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
  • No Bedrooms: 3
  • Master Bedroom: On Level: Third Floor
  • Bedroom 2: On Level: Third Floor
  • Bedroom 3: On Level: Third Floor
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathroom 1: On Level: Third Floor
  • Bathroom 2: On Level: Third Floor
  • No Rooms: 6
  • Dining Room: On Level: Third Floor
  • Kitchen: On Level: Third Floor
  • Laundry: On Level: Third Floor
  • Living Room: On Level: Third Floor
  • Basement: Y
  • No Living Levels: 1
  • Main Lo: C95098
  • Main So: AN2383
  • Estimated Sq Ft: 1491.00

Exterior Features

  • Construction: Frame
  • Roof Material: Rubber
  • Exterior: Vinyl
  • Exterior Unit Features: Deck

Garage/Parking

  • Parking Feature: Off-Street, Deeded
  • Parking Spaces: 1
  • Garage Parking: Detached, Garage Door Opener
  • Garage Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 100 Amps
  • Cooling: Central Air
  • Cooling Zones: 1
  • Heating: Forced Air, Gas
  • Heat Zones: 1
  • Hot Water: Natural Gas
  • Utility Connections: for Electric Dryer, Washer Hookup

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, House of Worship, Private School, Public School, T-Station, University
  • HOA Fees: 167.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Landscaping, Snow Removal, Reserve Funds
  • Condo Association: Yes

Lot Info

  • Assessments: 587300.00
  • Page: 425
  • Parcel Number: M:33 L:0067
  • Zoning: B4

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Assessor Parcel Number: 2134587

Multi Family

  • No Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2022
Closed on
Aug 12, 2022
Sold by
Walsh Nicholas and Walsh Steven
Bought by
Mcgovern Haley E
Seller's Agent
Sara Campos
Keller Williams Realty Boston Northwest
Buyer's Agent
Team Harborside
Sagan Harborside Sotheby's International Realty
List Price
$549,900
Sold Price
$510,000
Premium/Discount to List
-$39,900
-7.26%
Total Days on Market
23
Current Estimated Value
$562,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,089
Avg. Annual Appreciation
3.53%
Original Mortgage
$260,000
Outstanding Balance
$246,842
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$315,247

Purchase Details

Listed on
Apr 30, 2020
Closed on
Jul 16, 2020
Sold by
Rnz Companies Llc
Bought by
Walsh Nicholas and Walsh Steven
Seller's Agent
Herrick Lutts Realty Partners
Herrick Lutts Realty Partners
Buyer's Agent
The Movement Group
Compass
List Price
$419,900
Sold Price
$419,400
Premium/Discount to List
-$500
-0.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.91%
Original Mortgage
$398,430
Interest Rate
3.1%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Condominium Deed $510,000 None Available
Condominium Deed $510,000 None Available
Condominium Deed $419,400 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $260,000 Purchase Money Mortgage
Closed $260,000 Purchase Money Mortgage
Previous Owner $398,430 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $510,000 -2.8% $342 / Sq Ft
06/24/2022 06/24/22 Pending -- -- --
06/10/2022 06/10/22 Price Changed $524,900 -4.5% $352 / Sq Ft
05/05/2022 05/05/22 For Sale $549,900 +31.1% $369 / Sq Ft
07/17/2020 07/17/20 Sold $419,400 -0.1% $281 / Sq Ft
05/23/2020 05/23/20 Pending -- -- --
04/30/2020 04/30/20 For Sale $419,900 -- $282 / 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 $5,533 $487,900 $0 $487,900
2024 $5,409 $465,500 $0 $465,500
2023 $5,048 $403,500 $0 $403,500
2022 $4,864 $367,100 $0 $367,100
Source: Public Records

Agents Affiliated with this Home

  • Sara Campos

    Seller's Agent in 2022

    Sara Campos

    Keller Williams Realty Boston Northwest

    (203) 843-4102

    1 in this area

    13 Total Sales

    Sara Campos
    Section Image

  • T

    Buyer's Agent in 2022

    Team Harborside

    Sagan Harborside Sotheby's International Realty

    (617) 816-1909

    7 in this area

    146 Total Sales

    Team Harborside
    Section Image
  • The Movement Group

    Buyer's Agent in 2020

    The Movement Group

    Compass

    (781) 854-1624

    4 in this area

    320 Total Sales

    The Movement Group
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72649638

MLS Property Information Network (MLS PIN)

APN: SALE M:33 L:0067 S:803

Massachusetts Essex County Salem 01970 South Salem

88 Ocean Ave Unit 3, Salem, MA

This home is located at 88 Ocean Ave Unit 3, Salem, MA 01970 and is currently priced at $419,400, approximately $281 per square foot. This property was built in 1910. 88 Ocean Ave Unit 3 is a home located in Essex County with nearby schools including Saltonstall School, Horace Mann Laboratory, and Carlton Elementary School.

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