NOT LISTED FOR SALE

1097 Salem St Unit 2 Malden, MA 02148

Linden Neighborhood

Estimated Value: $948,000 - $1,167,000

5 Beds
2 Baths
2,478 Sq Ft
$412/Sq Ft Est. Value

Last Sold April 06, 2017

Last sale price $612,000 $247 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $5,362/month

10 Days on Market

About This Home

As of April 2017

Location! Location! Much sought after Linden Location, located MINUTES to Malden Center Orange Line T Station, Second to Bus Stop, NEW School, Park, Shopping & Highways! This FULLY Renovated 2 Family Home is situated on a Beautiful Fenced-In Corner Lot w/lots of Outdoor Space, Paved Driveway & 2 Car Garage! Each Bright & Sunny Unit Boasts an Open Concept Floor Plan with New Kitchen & Bath, Hardwood & Ceramic Tile Floors & Spacious Rooms with Private Entrances for Each Unit. Unit 1: 5 Rooms, 2 Bedrooms & Unit 2: 6 Rooms, 3 Bedrooms & Townhouse Style w/2 Levels! Tons of Storage Space in the Full Un-Finished Basement with Laundry Hook-Ups (EASILY Finished for Additional Living Space). All Separate Utilities, 2 NEW Gas Heating Systems & Hot Water Heaters, All Brand New Insulated Vinyl Windows, NEW Plumbing & Electrical Through-Out (Circuit Breakers/Service) and MUCH, MUCH More in this STUNNING Home!

Last Agent to Sell the Property

Victoria Laws

Victoria Laws License #448510610 Listed on: 02/22/2017

Last Buyer's Agent

Douglas McClure

LAER Realty Partners

LAER Realty Partners

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$97

Year Built

1911

Lot Details

0

Listing Details

  • Lot Description: Corner, Paved Drive, Fenced/Enclosed, Gentle Slope, Level
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1911

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 11
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, Medical Facility, Conservation Area, T-Station, Other (See Remarks)
  • Electric: Circuit Breakers, Individually Metered
  • Energy: Insulated Windows, Insulated Doors, Prog. Thermostat, Storm Doors
  • Flooring: Wood, Tile, Concrete, Hardwood, Other (See Remarks)
  • Basement: Full, Walk Out, Interior Access, Concrete Floor, Unfinished Basement
  • Total Levels: 3

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Frontage: 40.00
  • Construction: Frame
  • Exterior: Shingles, Wood
  • Exterior Features: Porch, Patio - Enclosed, Gutters, Screens, Fenced Yard, City View(s), Other (See Remarks)
  • Foundation: Concrete Block, Fieldstone
  • Beach: Ocean
  • Beach Ownership: Public

Garage/Parking

  • Garage Spaces: 2
  • Parking: Off-Street, Improved Driveway, Paved Driveway
  • Parking Spaces: 4

Utilities

  • Heat Zones: 2
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup, Varies per Unit
  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Sewage District: MWRA

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Assessor Parcel Number: M:165 B:507 L:710
  • Zoning: ResA
  • Lot: 000

Multi Family

  • Cooling Common: None
  • Foundation: Regular
  • Heat Units: 2
  • Interior Features Common: Storage
  • Common Room: Laundry
  • Total Bedrooms: 5
  • Total Floors: 3
  • Total Full Baths: 2
  • Total Levels: 3
  • Total Rms: 11
  • Total Rent_1: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2017
Closed on
Apr 6, 2017
Sold by
Zelek Rafal and Zelek Jesica
Bought by
Schumacher Derek K
Seller's Agent
Victoria Laws
Victoria Laws
Buyer's Agent
Douglas McClure
LAER Realty Partners
List Price
$550,000
Sold Price
$612,000
Premium/Discount to List
$62,000
11.27%
Current Estimated Value
$1,020,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,862
Avg. Annual Appreciation
6.07%
Original Mortgage
$543,000
Outstanding Balance
$451,238
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$569,624

Purchase Details

Closed on
Nov 29, 2011
Sold by
Option One Mtg Loan T
Bought by
Zelek Rafal and Zelek Jesica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,400
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 2011
Sold by
Khan Malik
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Mar 14, 2011
Sold by
Bhammi Bittu
Bought by
Malden City Of

Purchase Details

Closed on
Sep 12, 2006
Sold by
Khan Malik
Bought by
Bhammi Bittu and Khan Malik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 2006
Sold by
Grace Barbara E and Mattsen Barbara E
Bought by
Khan Malik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schumacher Derek K $612,000 --
Zelek Rafal $205,000 --
Wells Fargo Bank Na $228,000 --
Malden City Of $9,607 --
Bhammi Bittu -- --
Khan Malik $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schumacher Derek K $543,000
Previous Owner Zelek Rafal $275,400
Previous Owner Khan Malik $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2017 04/06/17 Sold $612,000 +11.3% $247 / Sq Ft
03/04/2017 03/04/17 Pending -- -- --
02/22/2017 02/22/17 For Sale $550,000 0.0% $222 / Sq Ft
01/28/2016 01/28/16 Rented $1,950 0.0% --
01/25/2016 01/25/16 Under Contract -- -- --
01/17/2016 01/17/16 Price Changed $1,950 -9.3% $2 / Sq Ft
01/06/2016 01/06/16 For Rent $2,150 -- --
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 $97 $858,300 $279,900 $578,400
2024 $9,449 $808,300 $263,400 $544,900
2023 $9,153 $750,900 $238,700 $512,200
2022 $8,812 $713,500 $218,100 $495,400
2021 $8,618 $701,200 $205,800 $495,400
2020 $8,458 $668,600 $207,400 $461,200
2019 $7,957 $599,600 $197,600 $402,000
2018 $7,101 $504,000 $166,700 $337,300
2017 $6,923 $488,600 $156,400 $332,200
2016 $6,617 $436,500 $148,200 $288,300
2015 $6,193 $393,700 $131,300 $262,400
2014 $5,761 $357,800 $119,400 $238,400
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2017

    Victoria Laws

    Victoria Laws

    Section Image

  • S

    Seller's Agent in 2016

    Steven Brook

    Armstrong Field Real Estate

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72121914

MLS Property Information Network (MLS PIN)

APN: MALD-000165-000507-000710

Massachusetts Middlesex County Malden 02148 Linden

1097 Salem St Unit 2, Malden, MA

Not Listed for Sale

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