NOT LISTED FOR SALE

11 West Ave Salem, MA 01970

South Salem Neighborhood

Estimated Value: $795,000 - $856,000

7 Beds
3 Baths
2,234 Sq Ft
$368/Sq Ft Est. Value

Last Sold January 15, 2019

Last sale price $559,000 $250 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $5,069/month

103 Days on Market

About This Home

As of January 2019

Back on the Market due to an easement issue which has been cleared up!! Great two family property in the Forest River area of South Salem! This could be a great owner occupied building with rental income coming in to help on that mortgage or an investment property with Salem State University within walking distance getting tenants should never be a problem. There are hardwood floors throughout the house, separate utilities, a newly paved drive driveway surrounded by a brand new wood fence. This house will not last.

Last Agent to Sell the Property

Michael Shea

Shea Real Estate Listed on: 09/06/2018

Last Buyer's Agent

Team Harborside

Sagan Harborside Sotheby's International Realty

Sagan Harborside Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,483

Year Built

  • Built in 1890

Lot Details

  • 7,841

Flooring

  • Wood Flooring

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:32 L:0234

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,483

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 250.63
  • Comp Based On: Net Sale Price
  • Year Built: 1890
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1890

Interior Features

  • Flooring: Wood
  • Total Flrs: 3
  • No Bedrooms: 7
  • Total Brs: 7
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 11
  • Basement: Y
  • Basement Features: Full
  • Main Lo: C95279
  • Main So: AN4471
  • Estimated Sq Ft: 2234.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 0 to 1/10 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Wood
  • Foundation: Fieldstone, Brick

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 4

Utilities

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

Lot Info

  • Assessments: 352900.00
  • Acre: 0.18
  • Lot Size: 7800.00
  • Page: 591
  • Parcel Number: M:32 L:0234
  • Zoning: R1
  • Lot Description: Paved Drive, Level

Multi Family

  • Heat Units: 2
  • Total Levels: 3
  • Total Rms: 10
  • No Units: 2
  • Mf Type: 2 Family

Tax Info

  • Taxes: 5428.00
  • Assessor Parcel Number: 2134333

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2018
Closed on
Jan 4, 2019
Sold by
Robert S Burr T
Bought by
Nicolas Daniel J and Nicolas John S
Seller's Agent
Michael Shea
Shea Real Estate
Buyer's Agent
Team Harborside
Sagan Harborside Sotheby's International Realty
List Price
$559,900
Sold Price
$559,000
Premium/Discount to List
-$900
-0.16%
Current Estimated Value
$822,691

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,691
Avg. Annual Appreciation
6.56%
Original Mortgage
$430,000
Outstanding Balance
$383,222
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$472,165

Purchase Details

Closed on
Oct 25, 2018
Sold by
Prince Ft
Bought by
331 Lafayette Llc

Purchase Details

Closed on
Oct 22, 2018
Sold by
Prince Ft
Bought by
11 West Avenue Llc

Purchase Details

Closed on
Mar 28, 2017
Sold by
11 West Avenue Llc
Bought by
Robert S Burr T

Purchase Details

Closed on
Apr 21, 2016
Sold by
Prince Ft
Bought by
11 West Avenue Llc

Purchase Details

Closed on
Jun 4, 2015
Sold by
Prince Lillian J
Bought by
Prince Ft

Purchase Details

Closed on
Aug 3, 2006
Sold by
Johnson Peter A
Bought by
Gove Patricia

Purchase Details

Closed on
Jun 20, 1997
Sold by
Vallante Sharyn R
Bought by
Montanari James L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,166
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Nicolas Daniel J $559,000 None Available
331 Lafayette Llc $420,000 --
Prince Ft -- --
11 West Avenue Llc $420,000 --
Robert S Burr T -- --
11 West Avenue Llc $420,000 --
Prince Ft -- --
Gove Patricia $100,000 --
Montanari James L $178,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nicolas Daniel J $430,000
Previous Owner Montanari James L $165,166
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2019 01/15/19 Sold $559,000 0.0% $250 / Sq Ft
12/18/2018 12/18/18 Pending -- -- --
12/05/2018 12/05/18 Off Market $559,000 -- --
12/02/2018 12/02/18 For Sale $559,900 0.0% $251 / Sq Ft
11/21/2018 11/21/18 Pending -- -- --
11/10/2018 11/10/18 For Sale $559,900 0.0% $251 / Sq Ft
09/12/2018 09/12/18 Pending -- -- --
09/06/2018 09/06/18 For Sale $559,900 -- $251 / 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 $8,483 $748,100 $219,600 $528,500
2024 $8,129 $699,600 $208,700 $490,900
2023 $7,919 $633,000 $192,600 $440,400
2022 $7,910 $597,000 $186,200 $410,800
2021 $7,506 $543,900 $173,300 $370,600
2020 $7,089 $490,600 $163,700 $326,900
2019 $5,960 $394,700 $155,400 $239,300
2018 $5,428 $352,900 $147,700 $205,200
2017 $5,012 $316,000 $124,500 $191,500
2016 $4,862 $310,300 $118,800 $191,500
2015 -- $286,500 $109,100 $177,400
Source: Public Records

Agents Affiliated with this Home

  • Michael Shea

    Seller's Agent in 2019

    Michael Shea

    Shea Real Estate

    (978) 548-7203

    10 in this area

    54 Total Sales

    Michael Shea
    Section Image

  • T

    Buyer's Agent in 2019

    Team Harborside

    Sagan Harborside Sotheby's International Realty

    (617) 816-1909

    5 in this area

    131 Total Sales

    Team Harborside
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72389639

MLS Property Information Network (MLS PIN)

APN: SALE-000032-000000-000234

Massachusetts Essex County Salem 01970 South Salem

11 West Ave, Salem, MA

This home is located at 11 West Ave, Salem, MA 01970 since 06 September 2018 and is currently estimated at $822,691, approximately $368 per square foot. This property was built in 1890. 11 West 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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