NOT LISTED FOR SALE

9 Ocean Terrace Unit 1 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $384,000 - $461,000

2 Beds
1 Bath
1,024 Sq Ft
$407/Sq Ft Est. Value

About This Home

Exquisitely beautiful 2 Bedroom, 1 bathroom apartment available minutes from downtown Salem, MA. Located on a quiet cul-de-sac centrally located within a few minutes' to Salem State, short distance to downtown Salem and quick access to the City of Boston or Boston Logan Airport. The apartment is on the 1st floor of a 3-unit condo building. The layout includes wooden floors throughout, charming period details, a living room, dining room, two (approximately same-sized) bedrooms (each with a closet), bathroom and spacious kitchen with all basic appliances (refrigerator, stove & oven). There is an additional dedicated storage unit and coin-op laundry in the basement. Access to a shared back deck and small yard also included. Cold water, internet, basic cable, & one off street parking spot included. Pet friendly! cats and small dogs are accepted. No smoking. 1 off street parking & 2 on street permit parking. Move in ready 9/1. Text/email me for more details.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2014
Sold by
Banko Matthew
Bought by
Matthew Banko Llc
Current Estimated Value
$416,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Outstanding Balance
$131,686
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$286,226

Purchase Details

Closed on
Oct 17, 1996
Sold by
Liptak Mark
Bought by
Banko Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,750
Interest Rate
8.26%
Mortgage Type
Purchase Money Mortgage

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Matthew Banko Llc -- --
Wooldridge Amy V $189,000 --
Banko Matthew $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wooldridge Amy V $25,000
Open Wooldridge Amy V $169,000
Closed Matthew Banko Llc $65,000
Previous Owner Banko Matthew $262,500
Previous Owner Banko Matthew $245,000
Previous Owner Banko Matthew $100,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2017 09/01/17 Rented $1,800 0.0% --
08/31/2017 08/31/17 Under Contract -- -- --
08/22/2017 08/22/17 For Rent $1,800 -- --

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 $3,951 $348,400 $0 $348,400
2024 $3,856 $331,800 $0 $331,800
2023 $3,732 $298,300 $0 $298,300
2022 $3,615 $272,800 $0 $272,800
2021 $3,556 $257,700 $0 $257,700
2020 $3,508 $242,800 $0 $242,800
2019 $3,408 $225,700 $0 $225,700
2018 $3,164 $205,700 $0 $205,700
2017 $3,101 $195,500 $0 $195,500
2016 $2,933 $187,200 $0 $187,200
2015 $3,074 $187,300 $0 $187,300
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Christopher Carlson

    Bay State Realty Group

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Map

Massachusetts Essex County Salem 01970 South Salem

9 Ocean Terrace Unit 1, Salem, MA

Homes for Sale in Salem, MA

This home is located at 9 Ocean Terrace Unit 1, Salem, MA 01970 and is currently estimated at $416,699, approximately $406 per square foot. 9 Ocean Terrace Unit 1 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Horace Mann Laboratory.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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