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
8.99%
Original Mortgage
$201,600
Outstanding Balance
$180,072
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$184,297

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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in the area

  • 1 Loring Ave Unit 206, Swampscott, MA 01907

    $429,900

    • 2 Beds
    • 2 Baths
    • 1,080 Sq Ft
    • 1 Loring Ave
    • Unit 206
    • Swampscott, MA

    Welcome to this beautifully maintained single-level living, corner unit offering comfort, style, and convenience. This sun-splashed 2-bedroom, 2-bath home features an open concept layout with wood flooring throughout the living and dining areas, and a private balcony perfect for morning coffee or evening relaxation. The updated kitchen boasts a breakfast bar, ample cabinetry, and a brand-new

    Marcie Gingle William Raveis R.E. & Home Services

    Section Image
  • 245 Lafayette St Unit 1F, Salem, MA 01970

    $367,000

    • 1 Bed
    • 1 Bath
    • 668 Sq Ft
    • 245 Lafayette St
    • Unit 1F
    • Salem, MA

    NEW - Bright and Sunny 1st-floor condo offers one large bedroom, a private balcony and off-street parking. This turn-key home features an expansive living & dining room complete with Hardwood fls & NEW recessed lights thru-out plus access to your private southeast facing balcony. Enjoy entertaining and cooking in your Renovate kitchen complete with a NEW SS appliances, Quartz Counters and NEW

    Zoe Karademos Coldwell Banker Realty - Beverly

    Section Image
  • 6R Hazel Terrace Unit 8, Salem, MA 01970

    $299,900

    • 1 Bed
    • 1 Bath
    • 559 Sq Ft
    • 6R Hazel Terrace
    • Unit 8
    • Salem, MA

    This sun-splashed 1-bedroom condo in a well-maintained Brick building is located in the heart of Salem! Featuring modern conveniences while retaining charming period details! Features include an eat-in kitchen with Granite countertop, gas stove, microwave and dishwasher, a tiled bathroom, high ceilings and hardwood flooring throughout!. With oversized replacement windows for ample natural light

    Mark Vadala Vadala Real Estate

    Section Image
  • 2A Hazel St Unit 3, Salem, MA 01970

    $429,000

    • 2 Beds
    • 1 Bath
    • 820 Sq Ft
    • 2A Hazel St
    • Unit 3
    • Salem, MA

    A Sun Splashed upper unit--Ideally located two blocks off Lafayette Street in South Salem between downtown and Salem State University. Classy and move-in-ready Top Floor Unit features two generously sized bedrooms, hardwood floors, and a private rear deck. The unit comes with deeded off-street parking. Separate Washer and dryer and a good size storage unit in the basement. It is conveniently

    Arian Simaku Simaku Realty, LLC

    Section Image
  • 5 Gardner St Unit 2, Salem, MA 01970

    $459,000

    • 3 Beds
    • 1 Bath
    • 1,228 Sq Ft
    • 5 Gardner St
    • Unit 2
    • Salem, MA

    Tucked on a quiet one-way street, this sun-splashed Salem condo blends timeless charm with thoughtful updates. Soaring ceilings, gleaming hardwood floors, and classic millwork give the home a warm and welcoming feel. The updated kitchen features gas cooking, ample cabinetry, generous prep space, and a breakfast bar that opens to a roomy dining area—perfect for everyday living or entertaining.

    Henry Pizzo Aluxety

    Section Image
  • 24 Cabot St Unit 1, Salem, MA 01970

    $419,000

    • 2 Beds
    • 1 Bath
    • 823 Sq Ft
    • 24 Cabot St
    • Unit 1
    • Salem, MA

    Welcome to 24 Cabot Street #1 — a beautifully maintained and thoughtfully updated first-floor condo just moments from vibrant downtown Salem and the MBTA Commuter Rail. This spacious 2-bedroom, 1-bath home perfectly blends historic charm with modern conveniences. Soaring ceilings, rich hardwood floors, and original architectural details offer warmth and character in every room, while the updated

    Emily Schwartz Centre Realty Group

    Section Image
  • 18 Ropes St Unit 1L, Salem, MA 01970

    $330,000

    • 2 Beds
    • 1 Bath
    • 742 Sq Ft
    • 18 Ropes St
    • Unit 1L
    • Salem, MA

    Welcome to this inviting 2-bedroom, 1-bathroom condo ideally situated in the heart of downtown Salem! Just a mile from Salem State University, this home offers the perfect blend of comfort and convenience. A spacious bedroom is bathed in natural light from the large windows and features beautiful hardwood floors that flow seamlessly into the dining area. The kitchen is well-appointed with sleek

    Cristina Coppola Lamacchia Realty, Inc.

    Section Image
  • 9 Kosciusko St Unit 3, Salem, MA 01970

    $379,000

    • 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • 9 Kosciusko St
    • Unit 3
    • Salem, MA

    SUPER charming condo featuring ocean views from the skylights, exposed beams, hardwood floors and a pellet stove!! WOW location just off historic Derby Street with downtown Salem, Pickering Wharf and the water shuttle to Boston just minutes away. You'll love the open concept layout with cathedral ceilings, beautifully refinished hardwood floors and lots of natural light. The gorgeous and spacious

    Pam McKee Keller Williams Realty Evolution

    Section Image
  • 127 Derby St Unit 1, Salem, MA 01970

    $409,000

    • 1 Bed
    • 1 Bath
    • 763 Sq Ft
    • 127 Derby St
    • Unit 1
    • Salem, MA

    Don’t miss this incredible opportunity to own a piece of Salem’s rich history in one of its most desirable neighborhoods. Located on picturesque and highly sought-after Derby Street, this spacious and inviting first-floor condo offers 763 square feet of thoughtfully designed living space. Featuring one large bedroom and one full bathroom, this unit perfectly blends old-world charm with modern

    Jennifer Crowe Atlantic Coast Homes,Inc

    Section Image
See All Homes in Salem

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
See All Agents

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.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Nearby Homes