$365,000
SOLD DEC 30, 2016

1 Wheatland St Salem, MA 01970

Castle Hill Neighborhood
4 Beds
2 Baths
1,656 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$220 Per Sq Ft

9% Below List Price

68 Days on Market

About This Home

As of July 2019

OPPORTUNITY ! Great 2 family property, both apartments have covered porches overlooking lush green lawns. On site parking and two bedroom units make this the ideal investment, owner occupied or condo conversion property. Near Salem State and Salem Hospital and close to downtown Salem too. With todays low interest rates this could be the one !

Last Agent to Sell the Property

Herrick Lutts Realty Partners

Herrick Lutts Realty Partners Listed on: 10/20/2016

Last Buyer's Agent

Douglas Desrocher

Desrocher Real Estate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,805

Year Built

1915

Lot Details

0

Listing Details

  • Lot Description: Other (See Remarks)
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1915

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 8
  • Amenities: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, House of Worship, Public School, T-Station, University
  • Electric: Circuit Breakers
  • Flooring: Wood, Other (See Remarks)
  • Basement: Full, Interior Access, Concrete Floor
  • Total Levels: 2

Exterior Features

  • Construction: Frame
  • Exterior: Clapboard, Vinyl
  • Exterior Features: Covered Patio/Deck
  • Foundation: Fieldstone, Other (See Remarks)

Garage/Parking

  • Parking: Off-Street
  • Parking Spaces: 4

Utilities

  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Zoning: R2

Multi Family

  • Heat Units: 2
  • Total Bedrooms: 4
  • Total Floors: 3
  • Total Full Baths: 2
  • Total Levels: 2
  • Total Rms: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2016
Closed on
Dec 30, 2016
Sold by
Lohnes Philip R
Bought by
Cantone Christopher L
Seller's Agent
Herrick Lutts Realty Partners
Herrick Lutts Realty Partners
Buyer's Agent
Douglas Desrocher
Desrocher Real Estate
List Price
$399,900
Sold Price
$365,000
Premium/Discount to List
-$34,900
-8.73%
Current Estimated Value
$701,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,319
Avg. Annual Appreciation
8.02%

Purchase Details

Closed on
May 31, 2002
Sold by
Beaulieu Paul
Bought by
Lohnes Philip R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 1996
Sold by
Beaulieu Maurice and Beaulieu Roger
Bought by
Beaulieu Paul
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Not Resolvable $365,000 --
Deed $275,000 --
Deed $76,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $262,700 No Value Available
Previous Owner $295,000 No Value Available
Previous Owner $268,000 No Value Available
Previous Owner $261,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2019 07/16/19 Sold $619,000 0.0% $255 / Sq Ft
05/23/2019 05/23/19 Pending -- -- --
05/22/2019 05/22/19 For Sale $619,000 +69.6% $255 / Sq Ft
12/30/2016 12/30/16 Sold $365,000 -8.7% $220 / Sq Ft
12/27/2016 12/27/16 Pending -- -- --
11/20/2016 11/20/16 For Sale $399,900 0.0% $241 / Sq Ft
11/13/2016 11/13/16 Pending -- -- --
11/11/2016 11/11/16 Price Changed $399,900 0.0% $241 / Sq Ft
11/06/2016 11/06/16 Price Changed $399,950 -7.0% $242 / Sq Ft
11/03/2016 11/03/16 Price Changed $429,950 0.0% $260 / Sq Ft
10/20/2016 10/20/16 For Sale $429,900 -- $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 $6,805 $600,100 $233,400 $366,700
2024 $6,530 $562,000 $221,800 $340,200
2023 $6,335 $506,400 $204,800 $301,600
2022 $6,502 $490,700 $197,900 $292,800
2021 $6,195 $448,900 $184,300 $264,600
2020 $6,083 $421,000 $174,000 $247,000
2019 $6,031 $399,400 $165,200 $234,200
2018 $5,626 $365,800 $157,000 $208,800
2017 $4,227 $266,500 $56,700 $209,800
2016 $4,135 $263,900 $54,100 $209,800
2015 $4,019 $244,900 $49,700 $195,200
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Richard Newburg

    Cornerlot

    (978) 741-4740

    14 Total Sales

    Richard Newburg
    Section Image

  • D

    Buyer's Agent in 2016

    Douglas Desrocher

    Desrocher Real Estate

    (978) 764-4167

    1 in this area

    21 Total Sales

    Douglas Desrocher
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72084265

MLS Property Information Network (MLS PIN)

APN: SALE-000024-000000-000200

Massachusetts Essex County Salem 01938 Castle Hill

1 Wheatland St, Salem, MA

This home is located at 1 Wheatland St, Salem, MA 01970 and is currently priced at $365,000, approximately $220 per square foot. This property was built in 1915. 1 Wheatland St is a home located in Essex County with nearby schools including Horace Mann Laboratory, Saltonstall School, and Carlton Elementary School.

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.

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