NOT LISTED FOR SALE

101 Ocean Ave Salem, MA 01970

South Salem Neighborhood
6 Beds
4 Baths
4,394 Sq Ft
4,652 Sq Ft Lot

Last Sold September 12, 2022

Last sale price $850,000 $193 Per Sq Ft

201 Days on Market

Highlights

  • Golf Course Community
  • Property is near public transit
  • Park
  • Medical Services
  • Corner Lot
  • Shops

About This Home

As of September 2022

Don't miss your chance to own this large 4-unit investment property. Ocean Ave is located between Salem State University and down-town, making it perfect for both students and professionals. This property consists of two (2) bedroom units and two (1) bedroom units. Conveniently located to Rte 1, I-95, Forest River Park, Downtown Salem and Salem’s MBTA Station.

Last Agent to Sell the Property

Herrick Lutts Realty Partners

Herrick Lutts Realty Partners Listed on: 02/01/2022

Co-Listed By

Nick Zolotas

Herrick Lutts Realty Partners

Last Buyer's Agent

Emily Schreibman

Red Tree Real Estate

Red Tree Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,903

Year Built

  • Built in 1930

Lot Details

  • 4,652 Sq Ft Lot
  • Corner Lot

Home Design

  • 4,394 Sq Ft Home
  • Quadruplex
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 200+ Amp Service
  • Gas Water Heater

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Total Actual Rent $4,350
  • Assessor Parcel Number M:33 L:0062,2134582

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Park

Building Details

  • Net Operating Income $50,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,903

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family - 4 Units Up/Down
  • Year Built: 1930
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Unfinished
  • Living Area: 4394
  • Stories Total: 6
  • MAIN LO: AN6507
  • LIST PRICE PER Sq Ft: 208.24
  • PRICE PER Sq Ft: 193.45
  • MAIN SO: AN0907

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Electric: 200+ Amp Service
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Golf, Medical Facility, Laundromat, House of Worship, Public School, University

Lot Info

  • Parcel Number: M:33 L:0062,2134582
  • Zoning: B4
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4652
  • Lot Size Units: Acres
  • PAGE: 500
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8903
  • Tax Book Number: 5217

Multi Family

  • Gross Income: 50400
  • Net Operating Income: 50400
  • Number Of Units Total: 4
  • Total Actual Rent: 4350
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

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

Property History

Date Event Price Change Sq Ft Price
09/12/2022 09/12/22 Sold $850,000 -7.1% $193 / Sq Ft
08/22/2022 08/22/22 Pending -- -- --
08/15/2022 08/15/22 Price Changed $915,000 -3.7% $208 / Sq Ft
07/05/2022 07/05/22 Price Changed $949,900 -2.6% $216 / Sq Ft
06/28/2022 06/28/22 For Sale $975,000 +14.7% $222 / Sq Ft
05/31/2022 05/31/22 Off Market $850,000 -- --
05/26/2022 05/26/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $975,000 0.0% $222 / Sq Ft
02/08/2022 02/08/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $975,000 -- $222 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nick Zolotas

    Seller Co-Listing Agent in 2022

    Nick Zolotas

    Herrick Lutts Realty Partners

    (978) 969-3427

    2 in this area

    37 Total Sales

    Nick Zolotas
    Section Image

  • E

    Buyer's Agent in 2022

    Emily Schreibman

    Red Tree Real Estate

    1 in this area

    2 Total Sales

    Emily Schreibman
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72938295

MLS Property Information Network (MLS PIN)

Massachusetts Essex County Salem 01970 South Salem

101 Ocean Ave, Salem, MA

This home is located at 101 Ocean Ave, Salem, MA 01970 since 01 February 2022. This property was built in 1930. 101 Ocean Ave is a home located in Essex County with nearby schools including Saltonstall School, Horace Mann Laboratory, 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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