NOT LISTED FOR SALE

9 Ocean Terrace Unit 3 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $333,000 - $392,000

1 Bed
1 Bath
867 Sq Ft
$150/mo HOA Fee

Last Sold October 04, 2019

Last sale price $224,000 $258 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $2,526/month

8 Days on Market

Highlights

  • Wood Flooring
  • Electric Baseboard Heater
  • 5-minute walk to Forest River Park

About This Home

As of October 2019

Great Opportunity! Spacious condo in newer conversion near Salem State University, Forest River Park, ocean and transportation. Large, open living area with vaulted ceiling, ceiling fan and skylights provide great light and flexible seating/use arrangements. Updated bath and kitchen featuring new cabinetry, appliances and granite countertops. There is off street parking, plenty of storage and basement laundry in this pet friendly building. Enjoy Historic Salem, restaurants, museums, Salem Common, Salem Willows and Pickering Wharf, all nearby. Also convenient to commuter rail and ferry to Boston.

Last Listed By

Kathleen Demarkles Essler

J. Barrett & Company Listed on: 08/14/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,631

Year Built

  • Built in 1900

Lot Details

  • 4,356

HOA Fees

  • $150 per month

Flooring

  • Wood
  • Wall to Wall Carpet

Utilities

  • Electric Baseboard Heater
  • Water Holding Tank
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Range
  • Year Round Access
  • Basement

Community Details

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,631

Year Built

Built in 1900

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: 2/3 Family
  • Other Agent: 2.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 259.52
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Year Round: Yes
  • Unit Building: 3
  • Unit Level: 3
  • Unit Placement: Top/Penthouse
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1900

Interior Features

  • Flooring: Wall to Wall Carpet, Hardwood
  • Interior Amenities: Cable Available
  • Appliances: Range
  • No Bedrooms: 1
  • Master Bedroom: On Level: Third Floor, Flooring - Wall to Wall Carpet
  • Full Bathrooms: 1
  • Bathroom 1: On Level: Third Floor, Bathroom - Full, Bathroom - Tiled With Tub & Shower
  • No Rooms: 4
  • Kitchen: On Level: Third Floor, Flooring - Hardwood, Countertops - Stone/Granite/Solid
  • Laundry: On Level: Basement
  • Living Room: On Level: Third Floor, Ceiling Fan(s), Ceiling - Vaulted, Flooring - Wall to Wall Carpet
  • Basement: Y
  • Other Room 1: Name: Den, On Level: Third Floor, Flooring - Wall to Wall Carpet
  • No Living Levels: 1
  • Main Lo: C95243
  • Main So: AN1991
  • Estimated Sq Ft: 867.00

Exterior Features

  • Beachfront Flag: Yes
  • Beach Miles To: 0 to 1/10 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Clapboard
  • Insulation Feature: Unknown

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Heating: Electric Baseboard, Electric
  • Heat Zones: 1
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Conservation Area, House of Worship, Private School, Public School, University
  • HOA Fees: 150.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance
  • Condo Association: Yes
  • Management: Owner Association

Association/Amenities

  • Condominium Name: Ocean Terrace Condominium

Lot Info

  • Assessments: 205500.00
  • Lot: 0692
  • Acre: 0.10
  • Lot Size: 4356.00
  • Zoning: R1
  • Master Book: 31626
  • Master Page: 610

Green Features

  • Energy Features: Insulated Windows

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 3103.00

Multi Family

  • No Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2019
Closed on
Oct 4, 2019
Sold by
Banko Matthew
Bought by
Carle Martin W
Seller's Agent
Kathleen Demarkles Essler
J. Barrett & Company
Buyer's Agent
Judi Moccia
REAL ESTATE and Company
List Price
$225,000
Sold Price
$224,000
Premium/Discount to List
-$1,000
-0.44%
Total Days on Market
8
Current Estimated Value
$370,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,262
Avg. Annual Appreciation
9.01%
Original Mortgage
$201,600
Outstanding Balance
$180,072
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$184,705

Purchase Details

Closed on
Oct 12, 2018
Sold by
Matthew Banko Llc
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
$20,000
Interest Rate
4.7%
Mortgage Type
Balloon

Range of Values:

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Average Value
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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
Carle Martin W $224,000 --
Banko Matthew -- --
Banko Matthew -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carle Martin W $201,600
Previous Owner Banko Matthew $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2019 10/04/19 Sold $224,000 -0.4% $258 / Sq Ft
08/22/2019 08/22/19 Pending -- -- --
08/14/2019 08/14/19 For Sale $225,000 -- $260 / 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 $3,631 $320,200 $0 $320,200
2024 $3,539 $304,600 $0 $304,600
2023 $3,393 $271,200 $0 $271,200
2022 $3,287 $248,100 $0 $248,100
2021 $3,235 $234,400 $0 $234,400
2020 $3,193 $221,000 $0 $221,000
2019 $3,103 $205,500 $0 $205,500
2018 $2,881 $187,300 $0 $187,300
2017 $2,825 $178,100 $0 $178,100
2016 $2,672 $170,500 $0 $170,500
2015 $2,901 $176,800 $0 $176,800
Source: Public Records

Agents Affiliated with this Home

  • Judi Moccia

    Buyer's Agent in 2019

    Judi Moccia

    REAL ESTATE and Company

    (781) 799-7777

    1 in this area

    72 Total Sales

    Judi Moccia
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72549990

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000692-000803-000803

Massachusetts Essex County Salem 01970 South Salem

9 Ocean Terrace Unit 3, Salem, MA

Homes for Sale in Salem, MA

This home is located at 9 Ocean Terrace Unit 3, Salem, MA 01970 since 14 August 2019 and is currently estimated at $370,262, approximately $427 per square foot. This property was built in 1900. 9 Ocean Terrace Unit 3 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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