$60,000
SOLD JUN 29, 2015
1 Bed
-- Bath
493 Sq Ft
0.34 Acres

Recently Sold

$122 Per Sq Ft

25% Below List Price

308 Days on Market

Highlights

  • Water Access
  • Lake, Pond or Stream
  • Screened Porch
  • RV Access or Parking
  • Wooded Lot
  • Cottage

About This Home

As of July 2017

Wonderful opportunity to buy a vacation spot in North Salem! By owning on King St, you may join the Arlington Park Improvement Association. Membership allows you the privilege of using the private swimming beach and/or boat launch which are owned by the association.This rustic cottage is nestled on over 1/3 of an acre level wooded lot that spans between King St to Palmer St. The cottage has not been occupied for over ten years and either needs rehab or build your new vacation home. Only 38 miles from Boston, with plenty of parking room for your RV or boat trailer. Association. In 2012, Salem assessed the property at $88,700.

Last Agent to Sell the Property

Julie Sprague

PJMrealestate.com License #068708 Listed on: 07/28/2014

Last Buyer's Agent

Julie Sprague

PJMrealestate.com License #068708 Listed on: 07/28/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,886

Year Built

  • Built in 1940

Lot Details

  • 0.34 Acre Lot
  • Property fronts a private road
  • Level Lot
  • Wooded Lot
  • Property is zoned Rec

Home Design

  • Cottage
  • Cabin
  • Repairs Needed
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 1 Bedroom
  • 493 Sq Ft Home
  • Property has 1 Level
  • Dining Room
  • Screened Porch
  • Stove

Parking

  • Dirt Driveway
  • RV Access or Parking
  • Unassigned Parking

Outdoor Features

  • Water Access
  • Shared Private Water Access
  • Lake, Pond or Stream

Utilities

  • Private Water Source
  • Dug Well

Community Details

Overview

  • Arlington Park Sec I Subdivision

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,886

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Directions: From Route 93 North to Exit 3, Route 111 East for about 3 miles, turn right onto Zachary Crossing (which becomes East Broadway), right onto Henry Taylor St, 3rd right onto King Street
  • Seasonal: Yes
  • Property Type: Residential
  • Year Built: 1940
  • Architectural Style: Cabin, Cottage/Camp, Freestanding, Rehab Needed
  • ResoLotFeatures: Level, Trail/Near Trail, Wooded
  • Road Frontage Type: Gravel, Paved
  • PropertySubType: Single Family Residence
  • MLS Status: (20) Closed - Closed
  • Subdivision Name: Arlington Park Sec I
  • Above Grade Finished Sq Ft: 493.0
  • Reso Accessibility Features: 1st Floor Bedroom, One-Level Home
  • Unit Levels: One
  • ResoPropertyCondition: Existing
  • Flood_Zone: Unknown
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Room_1_Type: Kitchen
  • Room_2_Type: Dining Room
  • SqFt_Apx_Total_Finished: 493
  • Water_Body_Access: Yes
  • Water_Body_Type: Pond
  • Water_Access_Details: Shared-Private
  • Room_13_Type: Other
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Water Heater - None
  • Total Bedrooms: 1
  • Basement: Concrete, Slab
  • Basement YN: No

Exterior Features

  • Driveway: Dirt
  • Exterior Features: Porch - Screened
  • Roof: Shingle - Asphalt
  • Construction Type: Timber Frame, Wood Frame, Wood
  • Foundation Details: None

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Parking Spaces 3, RV Access/Parking, Unassigned

Utilities

  • Electric: None
  • Sewer: Unknown
  • Heating: Wood, Stove
  • Water Source: Dug Well, Private

Lot Info

  • Surveyed: Unknown
  • Zoning: Rec
  • Lot Size Acres: 0.34
  • Lot Size Sq Ft: 14810.0

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 1886.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2024
Sold by
Smith Erika
Bought by
Stone Vicki and Bunker Tracy
Current Estimated Value
$682,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Outstanding Balance
$483,476
Interest Rate
7.1%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$198,929

Purchase Details

Closed on
Sep 16, 2022
Sold by
Cutone Janis
Bought by
Smith Erika

Purchase Details

Listed on
May 15, 2017
Closed on
Jul 19, 2017
Sold by
D C Development & Constr
Bought by
Cutone Janis
Seller's Agent
Deb Forte
Century 21 North East
Buyer's Agent
George Stergion
Pat Clancey Realty
List Price
$379,900
Sold Price
$379,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.55%
Original Mortgage
$341,910
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 25, 2016
Closed on
Mar 10, 2017
Sold by
Patey Daryl
Bought by
Dc Development & Constr
Seller's Agent
Michael DiMarzo
Berkshire Hathaway HomeServices Verani Realty Salem
Buyer's Agent
Deb Forte
Century 21 North East
List Price
$99,900
Sold Price
$72,000
Premium/Discount to List
-$27,900
-27.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10050.59%

Purchase Details

Listed on
Jul 28, 2014
Closed on
Jul 1, 2015
Sold by
Allen Kevin
Bought by
Patey Daryl
Seller's Agent
Julie Sprague
PJMrealestate.com
Buyer's Agent
Julie Sprague
PJMrealestate.com
List Price
$79,900
Sold Price
$60,000
Premium/Discount to List
-$19,900
-24.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.32%
Original Mortgage
$45,000
Interest Rate
3.83%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $650,000 None Available
Warranty Deed $650,000 None Available
Warranty Deed $550,000 None Available
Warranty Deed $550,000 None Available
Warranty Deed $379,933 --
Warranty Deed $72,000 --
Warranty Deed $60,000 --
Warranty Deed -- --
Warranty Deed $379,933 --
Warranty Deed $72,000 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $487,500 Stand Alone Refi Refinance Of Original Loan
Closed $487,500 Stand Alone Refi Refinance Of Original Loan
Previous Owner $322,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $341,910 New Conventional
Previous Owner $130,000 Unknown
Previous Owner $45,000 New Conventional
Previous Owner $0 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2017 07/18/17 Sold $379,900 0.0% $200 / Sq Ft
05/16/2017 05/16/17 Pending -- -- --
05/15/2017 05/15/17 For Sale $379,900 +427.6% $200 / Sq Ft
03/10/2017 03/10/17 Sold $72,000 -27.9% $120 / Sq Ft
02/08/2017 02/08/17 Pending -- -- --
01/22/2016 01/22/16 For Sale $99,900 +66.5% $167 / Sq Ft
06/29/2015 06/29/15 Sold $60,000 -24.9% $122 / Sq Ft
06/01/2015 06/01/15 Pending -- -- --
07/28/2014 07/28/14 For Sale $79,900 -- $162 / Sq Ft
Source: PrimeMLS

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
2024 $8,290 $471,000 $137,100 $333,900
2023 $7,988 $471,000 $137,100 $333,900
2022 $7,519 $468,500 $137,100 $331,400
2021 $7,487 $468,500 $137,100 $331,400
2020 $7,445 $338,100 $98,000 $240,100
2019 $7,431 $338,100 $98,000 $240,100
2018 $7,306 $338,100 $98,000 $240,100
2017 $7,046 $338,100 $98,000 $240,100
2016 $1,187 $58,100 $58,100 $0
2015 $1,294 $60,500 $60,500 $0
2014 $1,258 $60,500 $60,500 $0
2013 $1,354 $66,200 $60,500 $5,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4374080

PrimeMLS

APN: SLEM-000021-004898