Eric Erickson
Reimagined Real Estate Advisors
(978) 690-4349
11 Total Sales
1 in The Point
$439,900 Price
1 Ropes St Salem, MA 01970
The Point Neighborhood
8
Beds
4
Baths
4,118
Sq Ft
3,485
Sq Ft Lot
Highlights
- Wood Flooring
- Enclosed Patio or Porch
- 5-minute walk to Mary Jane Lee Park
About This Home
As of January 2021This rare four family is a great investment property or your next/1031 exchange! It has a fabulous location. It's centrally located to Pickering Wharf, waterfront, museums, shops , stores, restaurants, commuter rail and Salem State University. They are all minutes away. This multi family property boast 20 rooms, 8 bedrooms, and 4 full baths in these spacious 5 room units, with 4118 square feet of total living area. The units all have individual gas and electric meters per unit. The apartments have hardwood floors and pantries in each unit, and individual storage units in the basement. They are all separate furnaces and hot water tanks, and have been replaced in the last couple of years as well. There is a washer dryer hook up in the basement also. The units are fully occupied and they are tenants at will. These rents are currently below market value. So set up your appointment today, 24 to 48 hours needed to schedule showings with tenants.
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1915
Lot Details
- 3,485
Flooring
- Wood
- Vinyl
Outdoor Features
- Enclosed Patio or Porch
- Rain Gutters
Additional Features
- Window Screens
- Year Round Access
- Natural Gas Water Heater
- Basement
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 1, 2020
Closed on
Dec 13, 2020
Sold by
Bought by
Seller's Agent
Anthony Verdone
Century 21 North East
Buyer's Agent
Egi Gjikondi
Stony Brook & Lennox Realty Advisors
List Price
$924,900
Sold Price
$875,000
Premium/Discount to List
-$49,900
-5.4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$610,159
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Aug 14, 2017
Closed on
Dec 20, 2017
Sold by
Bought by
Seller's Agent
John Laffy
LAER Realty Partners
Buyer's Agent
Anthony Verdone
Century 21 North East
List Price
$689,900
Sold Price
$666,000
Premium/Discount to List
-$23,900
-3.46%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.90%
Original Mortgage
$599,400
Interest Rate
3.78%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 14, 2017
Closed on
Oct 27, 2017
Sold by
Bought by
Seller's Agent
John Laffy
LAER Realty Partners
Buyer's Agent
Anthony Verdone
Century 21 North East
List Price
$689,900
Sold Price
$666,000
Premium/Discount to List
-$23,900
-3.46%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$599,400
Interest Rate
3.78%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 26, 2013
Sold by
Bought by
Purchase Details
Closed on
Dec 23, 2011
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in The Point, MA
-
Eric Erickson
-
Johnny Long
Johnny Long
PRIVI Realty LLC
(857) 353-8035
169 Total Sales
1 in The Point
$1,000,000 Price
-
Tyson Lynch
Tyson Lynch
Responds QuicklyThe Proper Nest Real Estate
(351) 666-4531
53 Total Sales
3 in The Point
$241K - $455K Price Range
-
Julie Tsakirgis
Julie Tsakirgis
Responds QuicklyRE/MAX Property Shoppe, Inc.
(781) 776-5137
125 Total Sales
1 in The Point
$1,500,000 Price
-
Pam McKee
Pam McKee
Responds QuicklyKeller Williams Realty Evolution
(351) 444-5743
72 Total Sales
1 in The Point
$252,500 Price
-
Paula Sughrue
Paula Sughrue
Responds QuicklyBetter Homes and Gardens Real Estate - The Shanahan Group
(339) 338-6001
73 Total Sales
1 in The Point
$515,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $875,000 | None Available | ||
| -- | -- | ||
| $666,000 | -- | ||
| -- | -- | ||
| $390,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $113,600 | ||
| Closed | $92,000 | ||
| Open | $700,000 | ||
| Previous Owner | $599,400 | ||
| Previous Owner | $361,300 | ||
| Previous Owner | $185,000 | ||
| Previous Owner | $150,000 | ||
| Previous Owner | $15,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/07/2021 01/07/21 | Sold | $875,000 | -2.8% | $212 / Sq Ft | |
| 10/20/2020 10/20/20 | Pending | -- | -- | -- | |
| 10/03/2020 10/03/20 | Price Changed | $899,900 | -2.7% | $219 / Sq Ft | |
| 08/01/2020 08/01/20 | For Sale | $924,900 | +38.9% | $225 / Sq Ft | |
| 10/27/2017 10/27/17 | Sold | $666,000 | -3.5% | $162 / Sq Ft | View Prior Sale |
| 09/12/2017 09/12/17 | Pending | -- | -- | -- | |
| 08/14/2017 08/14/17 | For Sale | $689,900 | -- | $168 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $12,678 | $1,118,000 | $164,500 | $953,500 |
| 2024 | $11,135 | $958,300 | $155,800 | $802,500 |
| 2023 | $10,857 | $867,900 | $144,300 | $723,600 |
| 2022 | $10,367 | $782,400 | $135,600 | $646,800 |
| 2021 | $10,238 | $741,900 | $135,600 | $606,300 |
| 2020 | $9,372 | $648,600 | $117,100 | $531,500 |
| 2019 | $8,962 | $593,500 | $111,400 | $482,100 |
| 2018 | $7,004 | $455,400 | $106,200 | $349,200 |
| 2017 | $6,736 | $424,700 | $86,600 | $338,100 |
| 2016 | $6,581 | $420,000 | $81,900 | $338,100 |
| 2015 | $6,594 | $401,800 | $73,900 | $327,900 |
Source: Public Records
Agents Affiliated with this Home
-
Anthony Verdone
Seller's Agent in 2021
Anthony Verdone
Century 21 North East
(617) 605-9508
21 Total Sales
-
Egi Gjikondi
Buyer's Agent in 2021
Egi Gjikondi
Stony Brook & Lennox Realty Advisors
(774) 280-2745
13 Total Sales
-
John Laffy
Seller's Agent in 2017
John Laffy
Laer Realty
(978) 273-1113
18 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72702130
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.
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.
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