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16 Crescent Drive

16 Crescent Drive, Salem, MA 01970
Property in South Salem
Sold Oct 29, 2020
$592,000
$503,200 by Salem Five Mortgage Corp
Mortgage Due Oct 29, 2050
Sold Jun 30, 1993
$110,000
$98,000 by Huntington Mtg Co
Mortgage
Local assessors in Salem, MA have categorized 16 Crescent Drive as a residential type of property. The home was built in 1967 and is 57 years old. The property's lot size has been calculated to be 7,135 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 16 Crescent Drive has a total of 2,060 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 1,488 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. In addition, there is a unknown on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof that was made of asphalt. Lots of wood siding were used in the construction of the exterior walls of the home. The home's a hot water heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 16 Crescent Drive was last sold in Oct 24, 2020 for $592,000. According to our calculations, that's $287.38 per sqft. Prior to that sales transaction, the property was sold for $110,000 in Jan 1, 1970. Current property owners are expected to pay $7,728 in taxes per year. The property on 16 Crescent Drive was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $665,100. To break that down further, the land itself was valued at $211,700. While improvements to the property were assessed at a total of $453,400. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

Off Street Parking

Condition

Level Lot
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 1,488
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,135
  • Total Building Area: 2,060
  • Gross Building Area: 2,644
  • Building Area: 2,060
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 2,060
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SANCTUARY CONDO
  • Land Acres: 0.164
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : ALDRICH CHELSEY
  • Current Owner 2: ALDRICH JONATHAN
  • Previous Owner : TURCOTTE MARYANN EST
  • Owner Before Previous Owner: FAFARD REAL EST DEVEL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Ipswich School District
  • School Tax School District: SALEM SD
  • Census Tract: 204702

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:15 L:0500
  • Lot: 500
  • Municipality: SALEM
  • Latitude: 42.5176
  • Longitude: -70.9163

    Address

  • Full Address: 16 Crescent Dr
  • Address - House Number: 16
  • Address - Street Name: Crescent
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1237
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $7,728

    Appraisal Valuation

  • Standard Deviation: 0.1728
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 695,082
  • High Value: 815,206
  • Low Value: 574,958

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $503,200
  • First Open Lien Mortgage Lender: SALEM FIVE MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Oct 29, 2020
  • First Open Lien Mortgage Loan Amount: $503,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 29, 2050

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $665,100
  • Assessed Land Value: $211,700
  • Assessed Improvements Value: $453,400

    Sales

  • Current Sale Contract Date: Oct 24, 2020
  • Current Sale Recording Date: Oct 29, 2020
  • Current Sale Transaction ID: 11796988661
  • Current Sale Price: $592,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 20201029003020
  • Previous Sale Recording Date: Jun 30, 1993
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: SALEM FIVE MORTGAGE CORP
  • First Mortgage Transaction Date: Oct 29, 2020
  • First Mortgage Loan Amount: $503,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: HUNTINGTON MTG CO
  • Previous Mortgage Transaction Date: Jun 30, 1993
  • Previous Mortgage Loan Amount: $98,000
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About South Salem



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Frequently Asked Questions

What neighborhood is 16 Crescent Drive located in?
The 16 Crescent Drive is a located in the neighborhood of South Salem in South Salem, Salem.
What is the average sales price for listings in 16 Crescent Drive?
The average sales price for units in 16 Crescent Drive is $0 currently.

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