NOT LISTED FOR SALE

9 Ocean Terrace Unit 1 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $402,000 - $507,000

2 Beds
1 Bath
1,024 Sq Ft
4,356 Sq Ft Lot

About This Home

As of September 2017

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.

Last Agent to Rent the Property

Christopher Carlson

Bay State Realty Group Listed on: 08/22/2017

Last Renter's Agent

Christopher Carlson

Bay State Realty Group Listed on: 08/22/2017

Condo Details

Home Type

Condominium

Est. Annual Taxes

$3,951

Year Built

1900

Lot Details

0

Rental Info

  • First Month Req: Yes
  • Last Month Req: Yes
  • Lead Paint: Unknown
  • Lease Terms: 1 year
  • Pets Allowed: Yes
  • References Req: Yes
  • Rental Terms: Lease
  • Rent Includes: Water, Sewerage Disposal, Refuse Removal, Cable TV
  • Term Of Rental: 12
  • Unit In Building: 1
  • Unit Level: 1
  • Year Round: Yes
  • Date Available: 09/01/2017
  • Rental Type: Apartment

Listing Details

  • Property Class: Rental
  • Year Built Description: Renovated Since
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 6
  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Marina, Public School, T-Station, University
  • No Bedrooms: 2
  • Full Bathrooms: 1
  • Main Lo: AN3196
  • Main So: AN3196
  • Estimated Sq Ft: 1024.00

Exterior Features

  • Waterfront Property: Yes
  • Exterior Features: Deck
  • Water View: Yes

Garage/Parking

  • Parking Spaces: 3

Lot Info

  • Lot Size: 4165.00

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
$442,430

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
$128,330
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$314,100

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $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 List to Sale Price per Sq Ft
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 -- --
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 $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

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72217372

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000692-000801-000801