NOT LISTED FOR SALE

Estimated Value: $787,792 - $867,000

4 Beds
2.5 Baths
2,400 Sq Ft
$347/Sq Ft Est. Value

Last Sold July 15, 2022

Last sale price $705,100 $294 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,058/month

5 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Porch
  • Property is near public transit
  • Jogging Path
  • Park

About This Home

As of July 2022

Spacious two family in desirable North Salem neighborhood with great income potential. Located on a quiet neighborhood, close to commuter rail and downtown Salem. First floor unit features 2 bedrooms, 1 full bath, eat-in kitchen, living room, dining room, electric stove, pantry, w/d hook up. Second/Third floor unit features 2 bedrooms (potential of 3rd), open concept living room and dining room, eat in kitchen w/gas stove, 1.5 baths, 2 washer/dryer hook ups, additional family room on third floor with 4 skylights. Newer roof (2013), newer windows (2012-2014) newer gas heating system and separate utilities (third level has its own circuit breaker for baseboard electric heating), exterior painting done in May 2022. Three water heaters (gas for first two floors and electric for third floor) Two parking spaces (tandem) w/potential to expand. Spacious fenced back yard with storage shed. Rents are below market and tenants are TAW. SELLERS HAVE NEVER LIVED IN THE UNIT

Last Agent to Sell the Property

Lizete Alcalai

RE/MAX Beacon Listed on: 06/02/2022

RE/MAX Beacon

Last Buyer's Agent

Jona Zepaj

Lyv Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,580

Year Built

  • Built in 1915

Lot Details

  • 5,188 Sq Ft Lot
  • Fenced

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,400 Sq Ft Home
  • 3-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Bulkhead
  • Outdoor Storage
  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Bates Elementary School
  • Collins Middle School
  • Salem High School

Utilities

  • 2 Heating Zones
  • Heating Available
  • Natural Gas Connected
  • Electric Water Heater

Listing and Financial Details

  • Total Actual Rent $3,600
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number M:26 L:0254,2132383

Community Details

Overview

  • 2 Units

Amenities

  • Medical Services
  • Shops

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $135
  • Insurance Expense $2,350
  • Water Sewer Expense $2,107
  • Operating Expense $6,065
  • Net Operating Income $43,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,580

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1915
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Flooring: Wood,Tile,Vinyl, Unit 1(undefined), Unit 2(Hardwood Floors)
  • Interior Amenities: Unit 1(Pantry,Bathroom With Tub & Shower), Unit 2(Pantry,Walk-In Closet,Bathroom With Tub & Shower), Unit 1 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 2 Rooms(Kitchen,Living RM/Dining RM Combo)
  • Fireplace YN: No
  • Appliances: Electric Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bathrooms: 2.5
  • Laundry Features: Unit 1(Washer & Dryer Hookup)
  • Basement: Full, Walk-Out Access, Bulkhead
  • Living Area: 2400
  • Stories Total: 3
  • MAIN LO: AN4305
  • LIST PRICE PER Sq Ft: 272.92
  • PRICE PER Sq Ft: 293.79
  • MAIN SO: NB4126

Exterior Features

  • Exterior Features: Rain Gutters, Storage
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range
  • Heating: Unit 1(Hot Water Radiators,Gas), Unit 2(Hot Water Radiators,Gas,Electric)
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2

Condo/Co-op/Association

  • Community Features: Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Public School, T-Station
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2107

Lot Info

  • Parcel Number: M:26 L:0254,2132383
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5188
  • Lot Size Units: Acres
  • PAGE: 380

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6580
  • Tax Book Number: 27804

Multi Family

  • Electric Expense: 135
  • Gross Income: 43200
  • Insurance Expense: 2350
  • Net Operating Income: 43200
  • Number Of Units Total: 2
  • Operating Expense: 6065
  • Total Actual Rent: 3600
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

MLS Schools

  • High School: Salem
  • Elementary School: Bates
  • Middle Or Junior School: Collins

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2008
Sold by
Rynkowski Barbara M and Rynkowski William J
Bought by
Delfs Bernd
Current Estimated Value
$833,198

Purchase Details

Closed on
May 16, 2005
Sold by
Wiech Sophie M
Bought by
Rynkowski William J
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Delfs Bernd $150,000 --
Rynkowski William J -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2022 07/15/22 Sold $705,100 +7.6% $294 / Sq Ft
06/08/2022 06/08/22 Pending -- -- --
06/02/2022 06/02/22 For Sale $655,000 -- $273 / 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 $7,481 $659,700 $206,200 $453,500
2024 $7,000 $602,400 $195,900 $406,500
2023 $6,770 $541,200 $180,800 $360,400
2022 $6,580 $496,600 $174,800 $321,800
2021 $6,246 $452,600 $162,800 $289,800
2020 $6,130 $424,200 $153,700 $270,500
2019 $6,069 $401,900 $145,900 $256,000
2018 $5,624 $365,700 $138,600 $227,100
2017 $5,224 $329,400 $116,900 $212,500
2016 $5,077 $324,000 $111,500 $212,500
2015 $4,923 $300,000 $102,500 $197,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72988367

MLS Property Information Network (MLS PIN)

APN: SALE-000026-000000-000254