NOT LISTED FOR SALE

Estimated Value: $694,000 - $828,000

2 Beds
2 Baths
1,608 Sq Ft
$463/Sq Ft Est. Value

Last Sold June 06, 2022

Last sale price $600,000 $373 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,767/month

6 Days on Market

Highlights

  • Waterfront
  • 3 Fireplaces
  • Heating Available
  • Wood Flooring
  • Level Lot
  • 3-minute walk to Swiniuch Park

About This Home

As of June 2022

Salem multi-family, with two 1-bedroom units, in desirable Derby Wharf area! Close to downtown Salem Commons, harbor, ferry, restaurants and shops. Adorable units with in-unit washer & dryer. Historic character and charm throughout this home. Great rental history, making this an ideal investment!

Last Listed By

Holly Baldassare

J. Barrett & Company Listed on: 04/29/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,970

Year Built

  • Built in 1800

Lot Details

  • 1,742 Sq Ft Lot
  • Waterfront
  • Level Lot

Home Design

  • Duplex
  • Brick Foundation

Interior Spaces

  • 1,608 Sq Ft Home
  • Property has 1 Level
  • 3 Fireplaces
  • Basement Fills Entire Space Under The House

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Bulkhead

Utilities

  • 2 Heating Zones
  • Heating Available
  • Natural Gas Connected

Community Details

  • 2 Units
  • Net Operating Income $43,800

Listing and Financial Details

  • Total Actual Rent $3,650
  • Rent includes unit 1(water), unit 2(water)
  • Tax Lot 0084
  • Assessor Parcel Number 4100840,2137863

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,970

Year Built

Built in 1800

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1800
  • Buyer Agency: 2.0
  • Buyer Agency Type: %
  • Transaction Broker: 2.0
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood,Hardwood,Stone / Slate, Unit 1(undefined), Unit 2(Tile Floor,Wood Flooring,Stone/Ceramic Tile Floor)
  • Interior Amenities: Unit 1(Storage), Unit 2(Storage), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: Yes
  • Fireplaces: 3
  • Appliances: Unit 1(Range,Dishwasher,Microwave,Refrigerator,Washer / Dryer Combo), Unit 2(Range,Dishwasher,Microwave,Refrigerator,Washer / Dryer Combo), Utility Connections for Gas Range
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Bulkhead
  • Living Area: 1608
  • Stories Total: 3
  • MAIN LO: C95243
  • LIST PRICE PER Sq Ft: 372.51
  • PRICE PER Sq Ft: 373.13
  • MAIN SO: AN6527

Exterior Features

  • Foundation Details: Brick/Mortar
  • Road Frontage Type: Public
  • Waterfront Features: Beach Front, Harbor, Ocean, 1/10 to 3/10 To Beach
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Heating: Unit 1(Hot Water Baseboard), Unit 2(Hot Water Baseboard)
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water), Unit 2(Water)

Lot Info

  • Parcel Number: 4100840,2137863
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Size Sq Ft: 1742.4
  • Lot Size Units: Acres
  • LOT SIZE: 1699
  • PAGE: 476

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6969.5
  • Tax Book Number: 35314
  • Tax Lot: 0084
  • Tax Map Number: 41

Multi Family

  • Gross Income: 43800
  • Net Operating Income: 43800
  • Number Of Units Total: 2
  • Total Actual Rent: 3650
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2016
Closed on
Sep 30, 2016
Sold by
Daniels Street 2015 Rt
Bought by
Drozdowicz Thomas R and Drozdowicz Sarah P
Seller's Agent
Dana Bull
Compass
Buyer's Agent
Holly Baldassare
J. Barrett & Company
List Price
$418,000
Sold Price
$405,000
Premium/Discount to List
-$13,000
-3.11%
Total Days on Market
6
Current Estimated Value
$744,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$339,636
Avg. Annual Appreciation
7.30%
Original Mortgage
$303,750
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2015
Sold by
Bull Andrew and Teebagy Dana
Bought by
Daniels Street Rt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
3.69%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 30, 2014
Sold by
Layne Barry
Bought by
Bull Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2007
Sold by
Phillips Brad
Bought by
Layne Barry and Cooper Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 2, 2007
Sold by
Coletti Mary N Est
Bought by
Phillips Brad

Range of Values:

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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
Drozdowicz Thomas R $405,000 --
Daniels Street Rt -- --
Bull Andrew $330,000 --
Layne Barry $262,500 --
Phillips Brad $111,250 --
Phillips Brad $111,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruggiero Joseph P $500,000
Closed Drozdowicz Sarah P $288,000
Closed Drozdowicz Thomas R $303,750
Previous Owner Bull Andrew $247,500
Previous Owner Bull Andrew $247,500
Previous Owner Coletti Mary N $300,000
Previous Owner Coletti Mary N $210,000
Previous Owner Coletti Mary N $26,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2022 06/06/22 Sold $600,000 +0.2% $373 / Sq Ft
05/06/2022 05/06/22 Pending -- -- --
04/29/2022 04/29/22 For Sale $599,000 +47.9% $373 / Sq Ft
09/30/2016 09/30/16 Sold $405,000 +1.3% $252 / Sq Ft
08/29/2016 08/29/16 Pending -- -- --
08/22/2016 08/22/16 Price Changed $399,900 -2.2% $249 / Sq Ft
08/04/2016 08/04/16 Price Changed $409,000 -2.2% $254 / Sq Ft
07/21/2016 07/21/16 For Sale $418,000 -- $260 / 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 $7,411 $653,500 $188,300 $465,200
2024 $7,107 $611,600 $178,900 $432,700
2023 $6,962 $556,500 $165,200 $391,300
2022 $6,970 $526,000 $159,600 $366,400
2021 $6,623 $479,900 $148,600 $331,300
2020 $6,406 $443,300 $140,400 $302,900
2019 $6,348 $420,400 $133,200 $287,200
2018 $5,884 $382,600 $126,600 $256,000
2017 $4,845 $305,500 $106,800 $198,700
2016 $4,709 $300,500 $101,800 $198,700
2015 $4,565 $278,200 $93,600 $184,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72973926

MLS Property Information Network (MLS PIN)

APN: SALE-000041-000000-000084