NOT LISTED FOR SALE

1 Fairfield St Salem, MA 01970

South Salem Neighborhood

Estimated Value: $1,070,000 - $1,210,000

8 Beds
3 Baths
4,787 Sq Ft
$237/Sq Ft Est. Value

Last Sold July 10, 2019

Last sale price $660,000 $138 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $6,930/month

7 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • 4-minute walk to Mary Jane Lee Park

About This Home

As of July 2019

Expansive and charming two-family Foursquare style home, located in a desirable neighborhood, and one of the first homes built after the Great fire of 1914. This home boasts beautiful fireplaces, built-ins, hardwood flooring, and French doors. Each unit also has its own deck and separate basement storage. There's also a two car garage with additional parking outside and a spacious yard. This home is located in close proximity to schools, public transportation, historical sites, restaurants, shops, and all downtown Salem has to offer.

Last Agent to Sell the Property

Joseph McGonigal

Keller Williams Realty Evolution License #454008238 Listed on: 05/13/2019

Co-Listed By

Shari McStay

Keller Williams Realty Evolution

Last Buyer's Agent

Travis Speck

Redfin Corp.

Redfin Corp.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,990

Year Built

  • Built in 1915

Lot Details

  • 10,019

Parking

  • 2 Car Garage

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Outdoor Features

  • Deck
  • Rain Gutters

Additional Features

  • Year Round Access
  • Natural Gas Water Heater
  • Basement

Listing and Financial Details

  • Assessor Parcel Number 34-0030-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,990

Year Built

Built in 1915

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 137.87
  • Comp Based On: Net Sale Price
  • Year Built: 1915
  • Lead Paint: Certified Treated, Unknown
  • Year Round: Yes
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1915

Interior Features

  • Fireplaces: 2
  • Flooring: Wood, Wall to Wall Carpet, Laminate, Hardwood
  • Total Flrs: 3
  • Total Frplcs: 2
  • No Bedrooms: 8
  • Total Brs: 8
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 15
  • Basement: Y
  • Basement Features: Full, Walk Out, Interior Access, Concrete Floor, Unfinished Basement
  • Main Lo: C95098
  • Main So: NB3534
  • Estimated Sq Ft: 4787.00

Exterior Features

  • Beachfront Flag: Yes
  • Beach Miles To: 1/2 to 1 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Clapboard
  • Exterior Features: Deck, Gutters
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street, Paved Driveway
  • Parking Spaces: 2
  • Garage Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Heat Zones: 2
  • Hot Water: Natural Gas, Electric, Varies Per Unit
  • Utility Connections: for Gas Range, Varies per Unit

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Bike Path, House of Worship, Marina, Public School, T-Station, University

Lot Info

  • Assessments: 700100.00
  • Acre: 0.23
  • Lot Size: 10019.00
  • Page: 153
  • Parcel Number: 34-0030-0
  • Zoning: R3
  • Lot Description: Paved Drive

Green Features

  • Energy Features: Insulated Windows, Storm Windows, Varies per Unit

Multi Family

  • Heat Units: 2
  • Total Levels: 3
  • Total Rent: 1700
  • Total Rms: 15
  • No Units: 2
  • Mf Type: 2 Family

Tax Info

  • Taxes: 10572.00
  • Assessor Parcel Number: 2135424

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2019
Closed on
Jun 24, 2019
Sold by
Hemingway Nancy L and Hemingway Stephen L
Bought by
Gillis Josh and Gillis Lea
Seller's Agent
Joseph McGonigal
Keller Williams Realty Evolution
Buyer's Agent
Travis Speck
Redfin Corp.
List Price
$660,000
Sold Price
$660,000
Current Estimated Value
$1,133,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$473,026
Avg. Annual Appreciation
8.94%
Original Mortgage
$495,000
Outstanding Balance
$433,452
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$699,574

Purchase Details

Closed on
Jan 1, 1976
Bought by
Hemingway Stephen L and Hemingway Nancy L
Source: Public Records

Range of Values:

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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
Gillis Josh $660,000 --
Hemingway Stephen L $67,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gillis Josh $495,000
Previous Owner Hemingway Stephen L $289,800
Previous Owner Hemingway Stephen L $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2019 07/10/19 Sold $660,000 0.0% $138 / Sq Ft
05/20/2019 05/20/19 Pending -- -- --
05/13/2019 05/13/19 For Sale $660,000 -- $138 / 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 $11,990 $1,057,300 $283,500 $773,800
2024 $10,898 $937,900 $263,300 $674,600
2023 $10,412 $832,300 $243,000 $589,300
2022 $10,874 $820,700 $229,500 $591,200
2021 $10,470 $758,700 $229,500 $529,200
2020 $11,301 $782,100 $229,500 $552,600
2019 $10,572 $700,100 $222,800 $477,300
2018 $8,804 $572,400 $212,600 $359,800
2017 $8,355 $526,800 $192,400 $334,400
2016 $8,255 $526,800 $192,400 $334,400
2015 $8,028 $489,200 $178,900 $310,300
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Joseph McGonigal

    Keller Williams Realty Evolution

  • Shari McStay

    Seller Co-Listing Agent in 2019

    Shari McStay

    Keller Williams Realty Evolution

    (978) 590-9190

    2 in this area

    139 Total Sales

    Shari McStay
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72498766

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000030

Massachusetts Essex County Salem 01970 South Salem

1 Fairfield St, Salem, MA

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