NOT LISTED FOR SALE

10 Cushing St Unit 12 Salem, MA 01970

North Salem Neighborhood

Estimated Value: $819,795 - $929,000

6 Beds
3 Baths
2,861 Sq Ft
$304/Sq Ft Est. Value

Last Sold February 10, 2022

Last sale price $725,000 $253 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,317/month

2 Days on Market

About This Home

As of February 2022

INVEST AND SAVE! Reap the benefits by owning this two-unit home. In an established North Salem neighborhood, this home is convenient to commuter rail, shopping, restaurants, and downtown. The first-floor apartment has a kitchen, dining room, living room, 2 bedrooms & bath on the first floor, an additional bedroom & remodeled full bath on the third. The second unit has a refurbished kitchen, dining room, living room, 2 bedrooms on the 2nd level, 3rd bedroom & storage on the third. Large windows, hardwood floors, a yard & deck. Roof 5-8 yrs. old, replacement basement windows, Hardie Plank siding. Work done in 2010 to bring property into compliance w/MA Lead Law. Own as an investment or collect rent from one apartment, and live in the other. Offers due by Tuesday, January 18th at noon. Seller reserves the right to accept an offer at anytime prior to Tuesday at noon.

Last Agent to Sell the Property

Tina McManus

J. Barrett & Company Listed on: 01/13/2022

Last Buyer's Agent

Jonathan McCarron

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,288

Year Built

  • 1890

Lot Details

  • 3,485

Interior Spaces

  • Property has 2 Levels

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,288

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: No
  • Directions: North Street (Route 114) to Cushing Street
  • Garage Yn: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1890

Interior Features

  • Appliances: Unit 1(Range,Dishwasher,Refrigerator,Washer,Dryer), Unit 2(Range,Dishwasher,Refrigerator,Washer,Dryer), Gas Water Heater
  • Has Basement: Full, Walk-Out Access, Interior Entry, Concrete
  • Total Bathrooms: 3
  • MAIN LO: C95243
  • LIST PRICE PER Sq Ft: 230.34
  • PRICE PER Sq Ft: 253.41
  • MAIN SO: AN2820
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Tile,Vinyl,Laminate,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors)
  • Interior Amenities: Unit 1(Ceiling Fans,Bathroom with Shower Stall,Bathroom With Tub & Shower,Programmable Thermostat), Unit 2(Ceiling Fans,Stone/Granite/Solid Counters,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Stories: 4
  • Window Features: Insulated Windows

Exterior Features

  • Roof: Shingle
  • Foundation Details: Stone, Brick/Mortar
  • Disclosures: Electric Individually Metered, No Common Area Meter. 3rd Bedroom, 2nd Bath For Unit 1 On 3rd Floor. Unit 1 - Lease Until August, 2022. Unit 2 Is Vacant.
  • Home Warranty: No
  • Patio And Porch Features: Enclosed, Deck - Wood
  • Waterfront Features: Beach Front, Harbor
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Paved Drive, Off Street, Paved
  • Open Parking: Yes
  • Total Parking Spaces: 2

Utilities

  • Heating: Unit 1(Forced Air,Gas), Unit 2(Forced Air,Oil)
  • HEAT UNITS: 2
  • Electric: Circuit Breakers
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, Marina, Public School, T-Station, University, Sidewalks
  • HOA Rent Includes: Unit 1(Water), Unit 2(Water)

Fee Information

  • Annual Water Sewer Expense: 1435

Lot Info

  • LOT SIZE: 3633
  • PAGE: 402
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 3484.8
  • Zoning: R2

Multi Family

  • LEVELS 1: 2
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2
  • Annual Gross Income: 40200
  • Property Net Operating Income: 38285
  • Number Of Units Total: 2
  • Annual Operating Expense: 1915
  • Total Actual Rent: 3350

Tax Info

  • Tax Annual Amount: 6659
  • Tax Book Number: 23780
  • Tax Lot: 0170
  • Tax Map Number: 17
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2024
Sold by
Brown Kerri L and Mccarron Jonathan D
Bought by
Mccarron G W T G and Mccarron Brown
Current Estimated Value
$869,199

Purchase Details

Listed on
Jan 13, 2022
Closed on
Feb 16, 2022
Sold by
Muir Res Investments Llc
Bought by
Brown Kerri L and Mccarron Joanthan D
Seller's Agent
Tina McManus
J. Barrett & Company
Buyer's Agent
Jonathan McCarron
William Raveis R.E. & Home Services
List Price
$659,000
Sold Price
$725,000
Premium/Discount to List
$66,000
10.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.10%
Original Mortgage
$616,250
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 13, 2022
Closed on
Feb 1, 2022
Sold by
Susan Rich Ret
Bought by
Muir Res Investments Llc
Seller's Agent
Tina McManus
J. Barrett & Company
Buyer's Agent
Jonathan McCarron
William Raveis R.E. & Home Services
List Price
$659,000
Sold Price
$725,000
Premium/Discount to List
$66,000
10.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,250
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2014
Sold by
Rich Kevin E and Rich Susan W
Bought by
Susan Rich Ret and Rich

Purchase Details

Closed on
Dec 22, 2004
Sold by
Kennedy Mary E and Kennedy Maureen E
Bought by
Rich Kevin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 2004
Sold by
12 Cushing St Rt
Bought by
Kenndey Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
5.74%
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
Mccarron G W T G -- None Available
Mccarron G W T G -- None Available
Brown Kerri L $725,000 None Available
Muir Res Investments Llc $725,000 None Available
Susan Rich Ret -- --
Susan Rich Ret -- --
Rich Kevin E $419,900 --
Rich Kevin E $419,900 --
Kenndey Mary E -- --
Kenndey Mary E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown Kerri L $616,250
Previous Owner Kenndey Mary E $297,300
Previous Owner Kenndey Mary E $333,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2022 02/10/22 Sold $725,000 +10.0% $253 / Sq Ft
01/16/2022 01/16/22 Pending -- -- --
01/13/2022 01/13/22 For Sale $659,000 -- $230 / 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 $8,288 $730,900 $198,200 $532,700
2024 $7,798 $671,100 $188,300 $482,800
2023 $6,835 $546,400 $173,800 $372,600
2022 $7,011 $529,100 $168,000 $361,100
2021 $6,659 $482,500 $156,500 $326,000
2020 $6,546 $453,000 $147,800 $305,200
2019 $6,484 $429,400 $140,200 $289,200
2018 $6,011 $390,800 $133,300 $257,500
2017 $5,613 $353,900 $112,400 $241,500
2016 $5,464 $348,700 $107,200 $241,500
2015 -- $323,800 $98,500 $225,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72933727

MLS Property Information Network (MLS PIN)

APN: SALE-000017-000000-000170