$405,000
SOLD SEP 30, 2016
2 Beds
2 Baths
1,608 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$252 Per Sq Ft

3% Below List Price

39 Days on Market

About This Home

As of June 2022

Rarely available Derby Wharf TWO-FAMILY! ***This is the one you've been waiting for*** Prime location close to shops, restaurants, harbor, ferry, Commuter Rail, and Salem Commons. Old charm meets modern amenities in this lovely historic home. The many period details throughout include wide pine floors and decorative fireplaces. Both apartments feature remodeled kitchens with granite counters and stainless steel appliances, subway tiled baths, and in-unit washer & dryer. This lovingly maintained property boasts many recent updates such as a new roof, exterior paint and bulkhead. Plus, walk-up attic provides extra storage. The fenced outdoor space with patio and deck creates a private oasis. It's an ideal, cashflow positive & turnkey investment. New leases just signed for $1,650 and $1,625!

Last Agent to Sell the Property

Dana Bull

Compass

Compass

Last Buyer's Agent

Holly Baldassare

J. Barrett & Company

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
39
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

Map

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,411

Year Built

1800

Lot Details

0

Listing Details

  • Lot Description: Level
  • Property Type: Multi-family
  • Other Agent: 1.50
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1800

Interior Features

  • Fireplaces: 3
  • Has Basement: Yes
  • Fireplaces: 3
  • Number of Rooms: 8
  • Amenities: Public Transportation, Shopping, Walk/Jog Trails, Laundromat, Highway Access, Marina, Public School, University
  • Basement: Full, Bulkhead
  • Total Levels: 2

Exterior Features

  • Exterior: Wood
  • Exterior Features: Deck, Patio, Fenced Yard
  • Foundation: Brick
  • Beach: Harbor, Ocean
  • Beach Ownership: Public

Utilities

  • Hot Water: Electric
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Assessor Parcel Number: M:41 L:0084
  • Zoning: R2

Multi Family

  • Common Room: Loft
  • Total Bedrooms: 2
  • Total Fireplaces: 3
  • Total Floors: 3
  • Total Full Baths: 2
  • Total Levels: 2
  • Total Rms: 8
  • Total Rent_1: 3275

Range of Values:

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ICE

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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 Type Sale Price Title Company
Not Resolvable $405,000 --
Deed -- --
Not Resolvable $330,000 --
Deed $262,500 --
Deed $111,250 --
Deed $111,250 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 Purchase Money Mortgage
Closed $288,000 Stand Alone Refi Refinance Of Original Loan
Closed $303,750 New Conventional
Previous Owner $247,500 Stand Alone Refi Refinance Of Original Loan
Previous Owner $247,500 New Conventional
Previous Owner $300,000 No Value Available
Previous Owner $210,000 Purchase Money Mortgage
Previous Owner $26,250 No Value Available
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

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

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72041422

MLS Property Information Network (MLS PIN)

APN: SALE-000041-000000-000084