NOT LISTED FOR SALE

Estimated Value: $785,661 - $876,000

5 Beds
4 Baths
2,965 Sq Ft
$277/Sq Ft Est. Value

Last Sold January 04, 2024

Last sale price $745,000 $251 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,115/month

6 Days on Market

Highlights

  • 0.17 Acre Lot
  • Corner Lot
  • Porch
  • Property is near public transit
  • Jogging Path
  • 3-minute walk to Remond Park

About This Home

As of January 2024

Great investment opportunity on Salem Neck with water views of Beverly harbor. Legal two family on an oversized lot with abundant parking and great outdoor space. Good tenants who would prefer to stay. You'd be hard pressed to find a better multi family with easy access to both Salem and Beverly. Good sized rooms with ample storage and great light. No need to do any work....just purchase and sit back. Current revenue is $5,900 per month.

Last Agent to Sell the Property

Merry Fox Team

MerryFox Realty Listed on: 11/14/2023

Co-Listed By

Dan Fox

MerryFox Realty

Last Buyer's Agent

Dorjan Tozaj

Coldwell Banker Realty - Beverly

Coldwell Banker Realty - Beverly

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,152

Year Built

  • Built in 1880

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot

Home Design

  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,965 Sq Ft Home
  • Property has 1 Level
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Parking

  • 6 Car Parking Spaces
  • Off-Street Parking

Additional Features

  • Porch
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $5,900
  • Assessor Parcel Number 3700460

Community Details

Recreation

  • Park
  • Jogging Path

Additional Features

  • 2 Units
  • Shops
  • Net Operating Income $58,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,152

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1880
  • Buyer Agency: 2
  • Transaction Broker: 2
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 5
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full
  • Living Area: 2965
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: C95279
  • LIST PRICE PER Sq Ft: 252.61
  • PRICE PER Sq Ft: 251.26
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Porch
  • Construction Materials: Frame
  • Foundation Details: Block
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Bay, Harbor, Ocean, 1 to 2 Mile To Beach
  • Waterfront YN: No
  • Waterview Flag: Yes

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails
  • Senior Community YN: No

Lot Info

  • Parcel Number: 3700460
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7405
  • Lot Size Units: Acres
  • PAGE: 251
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7152
  • Tax Book Number: 39820

Multi Family

  • Gross Income: 58800
  • Net Operating Income: 58800
  • Number Of Units Total: 2
  • Total Actual Rent: 5900
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2018
Sold by
Litalien Brian R and Litalien Theresa M
Bought by
Litalien Meghan and Litalien Brian R
Current Estimated Value
$819,915
Source: Public Records

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
Litalien Meghan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shukulli Marsela $596,000
Closed Chew & Spell Prop Llc $547,500
Closed Chew & Spell Prop Llc $483,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2024 01/04/24 Sold $745,000 -0.5% $251 / Sq Ft
11/21/2023 11/21/23 Pending -- -- --
11/14/2023 11/14/23 For Sale $749,000 -- $253 / 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 $7,768 $685,000 $145,300 $539,700
2024 $7,096 $610,700 $145,300 $465,400
2023 $6,820 $545,200 $128,200 $417,000
2022 $6,750 $509,400 $119,600 $389,800
2021 $6,352 $460,300 $111,700 $348,600
2020 $6,372 $441,000 $115,700 $325,300
2019 $6,235 $412,900 $105,400 $307,500
2018 $5,694 $370,200 $91,200 $279,000
2017 $5,064 $319,300 $72,900 $246,400
2016 $5,003 $319,300 $72,900 $246,400
2015 $4,700 $286,400 $62,700 $223,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73180212

MLS Property Information Network (MLS PIN)

APN: SALE-000037-000000-000046