Seller's Agent in 2022
Michael Cannuscio
The Agency Marblehead
(781) 838-0068
1 in this area
12 Total Sales
12 Laurel St Salem, MA 01970
South Salem NeighborhoodEstimated Value: $658,000 - $700,000
4
Beds
1
Bath
1,931
Sq Ft
$349/Sq Ft
Est. Value
Highlights
- Marina
- Medical Services
- Property is near public transit
- Golf Course Community
- 0.3 Acre Lot
- Wood Flooring
About This Home
As of September 2022Sited prominently on over a quarter acre, just outside of downtown, awaits this iconic 4-bedroom built during the "Japanese Craze" by renowned Salem resident, Bunkio Matsuki. Spacious common areas & bedrooms, wood floors throughout, a second-story balcony, & an unfinished walkup attic with 2 rooms, make this a phenomenal opportunity for either an owner-occupant or developer. The generous lot size provides ample space for parking, gardens & outdoor entertaining. There is potential, subject to approval, to expand the existing footprint as a single-family home or pursue creating multiple living units. Artfully blending Japanese design & American architecture, this home features a variety of cultural elements including intricate wood engravings, custom carved panels & medallions, decorative stained-glass window, & grass cloth screens-all left largely intact. Don't miss this once in a lifetime chance to own a piece of Salem's unique history close to shops, restaurants, & commuting options.
Last Buyer's Agent
zulma carpio
eXp Realty
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,492
Year Built
- Built in 1880
Lot Details
- 0.3 Acre Lot
- Near Conservation Area
- Property is zoned R2
Home Design
- Frame Construction
- Shingle Roof
Interior Spaces
- 1,931 Sq Ft Home
- Living Room with Fireplace
- Wood Flooring
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary bedroom located on second floor
- 1 Full Bathroom
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Parking
- 6 Car Parking Spaces
- Paved Parking
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Schools
- Salem High School
Utilities
- No Cooling
- Forced Air Heating System
- 1 Heating Zone
- Heating System Uses Natural Gas
- Water Heater
Listing and Financial Details
- Assessor Parcel Number M:33 L:0303,2134860
Community Details
Overview
- No Home Owners Association
Amenities
- Medical Services
- Shops
Recreation
- Marina
- Golf Course Community
- Park
- Jogging Path
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 6, 2019
Closed on
Jan 7, 2020
Sold by
Blouin Lucille L and Blouin David R
Bought by
Palumbo David
Seller's Agent
Richard Merrill
Coldwell Banker Realty
Buyer's Agent
Richard Merrill
Coldwell Banker Realty
List Price
$425,000
Sold Price
$412,000
Premium/Discount to List
-$13,000
-3.06%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,947
Avg. Annual Appreciation
8.08%
Original Mortgage
$309,000
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 1, 1979
Bought by
Blouin Lucille L and Blouin David R
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Palumbo David | $412,000 | None Available | |
| Blouin Lucille L | $40,600 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Argueta Melissa S | $318,000 | |
| Closed | Palumbo David | $309,000 | |
| Previous Owner | Blouin Lucille L | $28,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/23/2022 09/23/22 | Sold | $530,000 | +1.0% | $274 / Sq Ft |
| 08/10/2022 08/10/22 | Pending | -- | -- | -- |
| 08/08/2022 08/08/22 | For Sale | $525,000 | 0.0% | $272 / Sq Ft |
| 07/27/2022 07/27/22 | Pending | -- | -- | -- |
| 07/26/2022 07/26/22 | Price Changed | $525,000 | -8.7% | $272 / Sq Ft |
| 07/05/2022 07/05/22 | For Sale | $575,000 | +39.6% | $298 / Sq Ft |
| 01/10/2020 01/10/20 | Sold | $412,000 | -3.1% | $213 / Sq Ft |
| 12/10/2019 12/10/19 | Pending | -- | -- | -- |
| 12/06/2019 12/06/19 | For Sale | $425,000 | -- | $220 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $5,912 | $521,300 | $205,400 | $315,900 |
| 2024 | $5,705 | $491,000 | $194,600 | $296,400 |
| 2023 | $5,632 | $450,200 | $180,100 | $270,100 |
| 2022 | $5,492 | $414,500 | $169,300 | $245,200 |
| 2021 | $5,560 | $402,900 | $169,300 | $233,600 |
| 2020 | $5,166 | $357,500 | $146,300 | $211,200 |
| 2019 | $5,136 | $340,100 | $139,100 | $201,000 |
| 2018 | $4,975 | $323,500 | $132,600 | $190,900 |
| 2017 | $4,557 | $287,300 | $108,100 | $179,200 |
| 2016 | $4,411 | $281,500 | $102,300 | $179,200 |
| 2015 | $4,278 | $260,700 | $92,200 | $168,500 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Cannuscio
-
Dana Bull
Seller Co-Listing Agent in 2022
Dana Bull
Compass
(978) 501-6971
2 in this area
8 Total Sales
-
z
Buyer's Agent in 2022
zulma carpio
eXp Realty
-
Richard Merrill
Seller's Agent in 2020
Richard Merrill
Coldwell Banker Realty
(978) 479-8558
40 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73006799
APN: SALE-000033-000000-000303
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.
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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