NOT LISTED FOR SALE

11 Phelps St Unit 13 Salem, MA 01970

Broad Street Neighborhood

Estimated Value: $774,000 - $855,464

4 Beds
2 Baths
2,096 Sq Ft
$391/Sq Ft Est. Value

Last Sold August 23, 2021

Last sale price $660,000 $315 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,258/month

5 Days on Market

Highlights

  • Granite Flooring
  • Waterfront
  • 4-minute walk to Bunny Puttman Park

About This Home

As of August 2021

Located on a dead end on the edge of the Historic McIntire District, this two family home is a great investment for just about anybody. First floor, 1-bedroom unit, features an open layout, eat in kitchen, separate dining room and tons of light throughout. Upstairs townhouse is mirror image plus 2 bedrooms and an office on third floor. Oversized, tiered yard feels like an estate setting in downtown Salem. 1 split duct air conditioner in each unit. Great storage in basement as well as units. Location offers a quiet neighborhood just minutes from all Salem has to offer.

Last Listed By

Merry Fox Team

MerryFox Realty Listed on: 06/03/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,600

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot
  • Waterfront
  • Sloped Lot

Parking

  • 4 Car Parking Spaces

Home Design

  • Stone Foundation
  • Frame Construction
  • Slate Roof
  • Rubber Roof

Interior Spaces

  • 2,096 Sq Ft Home
  • Property has 1 Level
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Granite
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • 2 Heating Zones
  • Gas Water Heater

Community Details

  • 2 Units
  • Net Operating Income $25,200

Listing and Financial Details

  • Total Actual Rent $2,100
  • Assessor Parcel Number 2131709

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,600

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1920
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 2
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood,Tile
  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • Living Area: 2096
  • Stories Total: 3
  • MAIN LO: C95279
  • LIST PRICE PER Sq Ft: 295.75
  • PRICE PER Sq Ft: 314.89
  • MAIN SO: AN1547

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Granite
  • Road Frontage Type: Public
  • Roof: Slate, Rubber
  • Waterfront Features: Beach Front, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2

Lot Info

  • Parcel Number: 2131709
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Sloped
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7405.2
  • Lot Size Units: Acres
  • LOT SIZE: 7331
  • PAGE: 206

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 7600
  • Tax Book Number: 35982

Multi Family

  • Gross Income: 25200
  • Net Operating Income: 25200
  • Number Of Units Total: 2
  • Total Actual Rent: 2100
  • LEVELS 1: 1
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2021
Closed on
Aug 20, 2021
Sold by
Delgadillo Daniel G and Young Melissa S
Bought by
Amour Ft
Seller's Agent
Merry Fox Team
MerryFox Realty
Buyer's Agent
Dan Duval
Elevated Realty, LLC
List Price
$619,900
Sold Price
$660,000
Premium/Discount to List
$40,100
6.47%
Total Days on Market
5
Current Estimated Value
$819,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,116
Avg. Annual Appreciation
5.99%
Original Mortgage
$468,000
Outstanding Balance
$430,121
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$388,995

Purchase Details

Listed on
Apr 26, 2017
Closed on
Jun 29, 2017
Sold by
White Joanne E Est
Bought by
Gutierrez-Delgadillo D and Young Melissa S
Seller's Agent
Daniel Meegan
J. Barrett & Company
Buyer's Agent
Amelia Digregorio
Keller Williams Realty Evolution
List Price
$479,900
Sold Price
$495,000
Premium/Discount to List
$15,100
3.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.18%
Original Mortgage
$469,500
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 1, 1971
Bought by
White Joanne E

Range of Values:

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Average Value
Not Available
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
Amour Ft $660,000 None Available
Gutierrez-Delgadillo D $495,000 --
White Joanne E $29,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amour Ft $468,000
Previous Owner Delgadillo-Gutierrez D $456,000
Previous Owner Gutierrez-Delgadillo D $469,500
Previous Owner White Joanne E $245,000
Previous Owner White Joanne E $260,000
Previous Owner White Joanne E $25,000
Previous Owner White Joanne E $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2021 08/23/21 Sold $660,000 +6.5% $315 / Sq Ft
06/08/2021 06/08/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $619,900 +25.2% $296 / Sq Ft
06/29/2017 06/29/17 Sold $495,000 +3.1% $236 / Sq Ft
05/05/2017 05/05/17 Pending -- -- --
04/26/2017 04/26/17 For Sale $479,900 -- $229 / 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 $8,597 $758,100 $217,200 $540,900
2024 $8,222 $707,600 $206,400 $501,200
2023 $8,044 $643,000 $190,500 $452,500
2022 $8,018 $605,100 $184,100 $421,000
2021 $7,600 $550,700 $171,400 $379,300
2020 $7,355 $509,000 $161,900 $347,100
2019 $7,281 $482,200 $153,700 $328,500
2018 $5,741 $373,300 $146,000 $227,300
2017 $5,329 $336,000 $123,200 $212,800
2016 $5,176 $330,300 $117,500 $212,800
2015 $5,017 $305,700 $107,900 $197,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Merry Fox Team

    MerryFox Realty

    13 in this area

    281 Total Sales

    Merry Fox Team
    Section Image
  • Dan Duval

    Buyer's Agent in 2021

    Dan Duval

    Elevated Realty, LLC

    (617) 729-2761

    1 in this area

    262 Total Sales

    Dan Duval
    Section Image
  • Daniel Meegan

    Seller's Agent in 2017

    Daniel Meegan

    J. Barrett & Company

    (617) 388-8500

    1 in this area

    75 Total Sales

    Daniel Meegan
    Section Image

  • A

    Buyer's Agent in 2017

    Amelia Digregorio

    Keller Williams Realty Evolution

    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72842917

MLS Property Information Network (MLS PIN)

APN: SALE-000025-000000-000319

Massachusetts Essex County Salem 01970 Broad Street

11 Phelps St Unit 13, Salem, MA

Homes for Sale in Salem, MA

This home is located at 11 Phelps St Unit 13, Salem, MA 01970 since 03 June 2021 and is currently estimated at $819,116, approximately $390 per square foot. This property was built in 1920. 11 Phelps St Unit 13 is a home located in Essex County with nearby schools including Horace Mann Laboratory, Saltonstall School, and Carlton Elementary School.

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