NOT LISTED FOR SALE

12 Chestnut St Salem, MA 01970

Chestnut Street Neighborhood

Estimated Value: $2,043,000 - $2,481,000

8 Beds
4 Baths
6,998 Sq Ft
$324/Sq Ft Est. Value

Last Sold March 16, 2016

Last sale price $1,200,000 $171 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $14,648/month

6 Days on Market

About This Home

As of March 2016

The Captain Jonathan Hodges mansion circa 1805 is the only dwelling on famed Chestnut Street whose design and construction can be securely credited to Samuel McIntire. This exquisite property features 3 floors of fine living. It includes museum quality architectural details , fireplaces with hand carved mantels, soaring ceilings, crown mouldings, breathtaking living room with original silver tea paper, formal dining room, butlers pantry, country kitchen, dramatic library, gracious screened porch, 3.5 baths, 8 bedrooms, separate Carriage house and 16,683 sq feet of grounds. Stroll from this cherished neighborhood to the train and ferry to Boston, libraries,unique shops ,restaurants, museums and entertainment.This Grand Residence with its inherent elegance retains its architectural character throughout.

Last Listed By

Merry Fox Team

MerryFox Realty Listed on: 10/08/2015

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,919

Year Built

1805

Lot Details

0

Listing Details

  • Lot Description: Other (See Remarks)
  • Other Agent: 2.50
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1805

Interior Features

  • Appliances: Range, Dishwasher, Disposal, Refrigerator
  • Fireplaces: 10
  • Has Basement: Yes
  • Fireplaces: 10
  • Number of Rooms: 13
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Marina, T-Station, University
  • Electric: Circuit Breakers
  • Flooring: Hardwood
  • Basement: Full
  • Bedroom 2: Second Floor
  • Bedroom 3: Second Floor
  • Bedroom 4: Second Floor
  • Bedroom 5: Third Floor
  • Bathroom #1: First Floor
  • Bathroom #2: Second Floor
  • Bathroom #3: Second Floor
  • Kitchen: First Floor, 17X19
  • Laundry Room: First Floor
  • Living Room: First Floor, 18X18
  • Master Bedroom: Second Floor, 18X18
  • Dining Room: First Floor, 18X20
  • Family Room: First Floor, 24X19

Exterior Features

  • Construction: Brick
  • Exterior: Brick
  • Exterior Features: Porch - Screened, Garden Area
  • Foundation: Fieldstone, Brick

Garage/Parking

  • Garage Parking: Detached
  • Garage Spaces: 2
  • Parking Spaces: 6

Utilities

  • Cooling: None
  • Heating: Forced Air

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2024
Sold by
Pitman Martha B and Pitman Peter F
Bought by
Peter F Pitman Ret and Pitman
Total Days on Market
6
Current Estimated Value
$2,267,396

Purchase Details

Listed on
Oct 8, 2015
Closed on
Mar 16, 2016
Sold by
Wyke Richard
Bought by
Pitman Peter F and Pitman Martha B
Seller's Agent
Merry Fox Team
MerryFox Realty
Buyer's Agent
Merry Fox Team
MerryFox Realty
List Price
$1,250,000
Sold Price
$1,200,000
Premium/Discount to List
-$50,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.83%
Original Mortgage
$862,750
Interest Rate
3.72%
Mortgage Type
VA

Purchase Details

Closed on
Sep 16, 1996
Sold by
Bacall Channing and Bacall Joan H
Bought by
Wyke Kelly S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,250
Interest Rate
8.18%
Mortgage Type
Purchase Money Mortgage

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
Peter F Pitman Ret -- None Available
Peter F Pitman Ret -- None Available
Pitman Peter F $1,200,000 --
Wyke Kelly S $385,000 --
Wyke Kelly S $385,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pitman Martha B $750,000
Previous Owner Pitman Peter F $862,750
Previous Owner Wyke Kelly S $214,600
Previous Owner Wyke Kelly S $327,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2016 03/16/16 Sold $1,200,000 -4.0% $171 / Sq Ft
10/14/2015 10/14/15 Pending -- -- --
10/08/2015 10/08/15 For Sale $1,250,000 -- $179 / 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 $24,919 $2,197,400 $314,300 $1,883,100
2024 $23,182 $1,995,000 $300,000 $1,695,000
2023 $22,571 $1,804,200 $271,500 $1,532,700
2022 $19,643 $1,482,500 $257,200 $1,225,300
2021 $20,078 $1,454,900 $257,200 $1,197,700
2020 $20,739 $1,435,200 $250,100 $1,185,100
2019 $19,959 $1,321,800 $240,200 $1,081,600
2018 $17,785 $1,156,400 $228,700 $927,700
2017 $16,977 $1,070,400 $214,500 $855,900
2016 $14,890 $950,200 $203,800 $746,400
2015 $15,982 $973,900 $203,800 $770,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Merry Fox Team

    MerryFox Realty

    10 in this area

    281 Total Sales

    Merry Fox Team
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71916702

MLS Property Information Network (MLS PIN)

APN: SALE-000025-000000-000426

Massachusetts Essex County Salem 01970 Chestnut Street

12 Chestnut St, Salem, MA

Homes for Sale in Salem, MA

This home is located at 12 Chestnut St, Salem, MA 01970 since 08 October 2015 and is currently estimated at $2,267,396, approximately $324 per square foot. This property was built in 1805. 12 Chestnut St is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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