NOT LISTED FOR SALE

Estimated Value: $970,732 - $1,088,000

6 Beds
3 Baths
4,500 Sq Ft
$228/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $793,000 $176 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $6,443/month

6 Days on Market

About This Home

As of December 2021

Diamond in he Ruff Extra large North Salem 3 family with huge potential for a condo conversion or buy and hold.. HIGH 10' ceilings on the first floor and period details on the first and 2nd floors make this property very special and is waiting for the next owner with a vision to modernize this gem or just give it some TLC.. This is an excellent candidate for a condo conversion with the large yard, quiet street and close proximity to downtown, Highways, shopping and commuter rail make North Salem the hottest neighborhood in Salem. Below market rents. Roof was replaced 3 years ago. Vinyl siding and Windows 20 years ago. Offers due Tuesday 11/2/21 5 pm. Please allow 48 hours for a response.

Last Agent to Sell the Property

Donald Hardy

eXp Realty Listed on: 10/26/2021

eXp Realty

Last Buyer's Agent

Haley Paster Scimone

Sagan Harborside Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,171

Year Built

  • 1890

Lot Details

  • 10,019

Additional Features

  • Property has 1 Level
  • 3 Heating Zones

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,171

Year Built

1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Directions: North Street to School to Devereaux Ave
  • Garage Yn: No
  • Road Frontage Type: Public
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1890

Interior Features

  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator)
  • Total Bathrooms: 3
  • MAIN LO: C95098
  • LIST PRICE PER Sq Ft: 177.76
  • PRICE PER Sq Ft: 176.22
  • MAIN SO: AN4471
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Wood
  • Interior Amenities: Unit 1(Ceiling Fans), Unit 2(Ceiling Fans,Pantry,Storage,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Stories: 5

Exterior Features

  • Roof: Shingle
  • Foundation Details: Stone
  • Construction Type: Frame
  • Disclosures: While Deemed Reliable, All Information In This Listing Should Be Verified By Buyers And Their Agents.
  • Exclusions: Washer Dryer Rented
  • Lot Features: Easements
  • Waterfront Features: Beach Front, Harbor, Ocean, Beach Ownership(Public)
  • Waterfront: Yes

Garage/Parking

  • Open Parking: Yes

Utilities

  • Cooling: Unit 1(Window AC)
  • Heating: Unit 1(Oil), Unit 2(Oil)
  • HEAT UNITS: 1
  • HEAT ZONES: 3
  • COOLING ZONES: 0
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, University
  • HOA Rent Includes: Unit 1(Heat,Water), Unit 2(Heat)

Fee Information

  • Annual Water Sewer Expense: 1345

Schools

  • High School: Salen High
  • Middle Or Junior School: Salem Middle

Lot Info

  • LOT SIZE: 9901
  • PAGE: 245
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 10018.8
  • Zoning: R1

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 1
  • Electric Expense: 300
  • Annual Gross Income: 51000
  • Insurance Expense: 2905
  • Property Net Operating Income: 51000
  • Number Of Units Total: 3
  • Annual Operating Expense: 8112
  • Total Actual Rent: 4250

Tax Info

  • Tax Annual Amount: 8651.22
  • Tax Book Number: 13208
  • Tax Lot: 0319
  • Tax Map Number: 16
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2021
Closed on
Dec 17, 2021
Sold by
Dubinsky Ellen S and Simons Ilene
Bought by
Ruthy Llc
Seller's Agent
Donald Hardy
eXp Realty
Buyer's Agent
Haley Paster Scimone
Sagan Harborside Sotheby's International Realty
List Price
$799,900
Sold Price
$793,000
Premium/Discount to List
-$6,900
-0.86%
Current Estimated Value
$1,026,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,933
Avg. Annual Appreciation
6.35%
Original Mortgage
$594,750
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Ruthy Llc $793,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruthy Llc $750,000
Open Ruthy Llc $2,500,000
Closed Ruthy Llc $594,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $793,000 -0.9% $176 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
10/26/2021 10/26/21 For Sale $799,900 -- $178 / 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 $10,171 $896,900 $230,300 $666,600
2024 $9,363 $805,800 $218,900 $586,900
2023 $9,162 $732,400 $202,100 $530,300
2022 $9,048 $682,900 $195,300 $487,600
2021 $8,651 $626,900 $181,800 $445,100
2020 $8,210 $568,200 $171,700 $396,500
2019 $8,128 $538,300 $163,000 $375,300
2018 $7,502 $487,800 $154,900 $332,900
2017 $7,016 $442,400 $130,700 $311,700
2016 $6,837 $436,300 $124,600 $311,700
2015 $6,659 $405,800 $114,500 $291,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72912904

MLS Property Information Network (MLS PIN)

APN: SALE-000016-000000-000319