NOT LISTED FOR SALE

Estimated Value: $692,544 - $896,000

7 Beds
3 Baths
2,040 Sq Ft
$388/Sq Ft Est. Value

Last Sold December 31, 2019

Last sale price $320,000 $157 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $5,036/month

5 Days on Market

About This Home

As of December 2019

Attention Contractors and anyone looking for a renovation project! Now's your chance to purchase a large multi-family in red hot Salem. The home has 7 bedrooms and 3 bathrooms making it perfect as an investment property, condo conversion, or owner-occupied home. Ideally located in a quiet neighborhood only a short distance to the Salem MBTA station and vibrant downtown Salem. The property needs extensive repair/rehab and will not qualify for Conventional, FHA or VA financing.

Last Agent to Sell the Property

M. J. Taglieri

Options Real Estate Services, LLC Listed on: 11/20/2019

Last Buyer's Agent

Jona Zepaj

Lyv Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,303

Year Built

  • Built in 1890

Lot Details

  • Year Round Access

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:15 L:0145

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,303

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Actual
  • List Price Per Sq Ft: 146.57
  • Comp Based On: Net Sale Price
  • Year Built: 1890
  • Lead Paint: Unknown
  • Year Round: Yes
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1890

Interior Features

  • Total Flrs: 3
  • No Bedrooms: 7
  • Total Brs: 7
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Fbh: 2
  • Total Hbh: 1
  • No Rooms: 12
  • Basement: Y
  • Basement Features: Full
  • Main Lo: C95127
  • Main So: NB4126
  • Estimated Sq Ft: 2040.00

Exterior Features

  • Exterior: Wood
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Public School, T-Station, University

Lot Info

  • Assessments: 337500.00
  • Acre: 0.08
  • Lot Size: 3485.00
  • Page: 223
  • Parcel Number: M:15 L:0145
  • Zoning: R1
  • Lot Description: Level

Multi Family

  • Total Levels: 3
  • Total Rms: 9
  • No Units: 2
  • Mf Type: 2 Family - 2 Units Up/Down

Tax Info

  • Taxes: 5096.00
  • Assessor Parcel Number: 2128570

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2020
Sold by
Vulaj Rt
Bought by
Biqiku Andi
Total Days on Market
5
Current Estimated Value
$792,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$579,975
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 20, 2019
Closed on
Dec 26, 2019
Sold by
Hughes John J Est
Bought by
Vulaj Rt
Seller's Agent
M. J. Taglieri
Options Real Estate Services, LLC
Buyer's Agent
Jona Zepaj
Lyv Realty
List Price
$299,000
Sold Price
$320,000
Premium/Discount to List
$21,000
7.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.26%

Purchase Details

Closed on
Jan 1, 1971
Bought by
Hughes John J and Hughes Ann F
Source: Public Records

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Range of Values:

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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
Biqiku Andi $600,000 None Available
Vulaj Rt $320,000 None Available
Hughes John J $1,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Biqiku Andi $578,079
Closed Biqiku Andi $579,975
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2019 12/31/19 Sold $320,000 +7.0% $157 / Sq Ft
11/25/2019 11/25/19 Pending -- -- --
11/20/2019 11/20/19 For Sale $299,000 -- $147 / 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 $7,303 $644,000 $197,300 $446,700
2024 $7,006 $602,900 $187,500 $415,400
2023 $6,824 $545,500 $173,100 $372,400
2022 $6,797 $513,000 $167,300 $345,700
2021 $5,508 $399,100 $155,700 $243,400
2020 $5,146 $356,100 $147,100 $209,000
2019 $5,096 $337,500 $139,600 $197,900
2018 $4,746 $308,600 $132,700 $175,900
2017 $4,388 $276,700 $111,900 $164,800
2016 $4,254 $271,500 $106,700 $164,800
2015 $4,124 $251,300 $98,100 $153,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72594298

MLS Property Information Network (MLS PIN)

APN: SALE-000015-000000-000145