T
Seller's Agent in 2025
The Team - Real Estate Advisors
Coldwell Banker Realty - Cambridge
(978) 996-3604
1 in this area
321 Total Sales
14 Forest Ave Salem, MA 01970
South Salem Neighborhood
6
Beds
2
Baths
2,380
Sq Ft
2,696
Sq Ft Lot
Highlights
- Medical Services
- Property is near public transit and schools
- Tennis Courts
- Granite Flooring
- Community Pool
- Jogging Path
About This Home
As of August 2025A true turnkey investment awaits at 14 Forest Ave in desirable downtown Salem! This meticulously maintained two-family home, encompassing approximately 2380 sq ft of living space, offers an exceptional opportunity with a strong rental history and significant capital improvements already in place. Investors will appreciate the peace of mind provided by slate roof and newer vinyl siding, coupled with the crucial 2023 updates of new forced hot air furnaces and condensers for both units. Unit 1 is currently leased at $2,900 a month featuring the sought-after convenience of in-unit laundry, a new hot water tank (2024), a private side deck, and two parking spaces. Unit 2, recently vacated and poised for new tenancy at an estimated $2,750/month, provides immediate rental potential and includes a private side porch. With a full basement and walk-up attic for extensive storage or living space expansion. This property is a compelling asset in the robust Salem real estate market.
Last Agent to Sell the Property
The Team - Real Estate Advisors
Coldwell Banker Realty - Cambridge Listed on: 06/04/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,453
Year Built
- Built in 1915
Lot Details
- 2,696 Sq Ft Lot
- Level Lot
Home Design
- Duplex
- Frame Construction
- Slate Roof
Interior Spaces
- 2,380 Sq Ft Home
- Property has 1 Level
- Living Room
- Dining Room
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Granite
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Parking
- 2 Car Parking Spaces
- Tandem Parking
- Off-Street Parking
Outdoor Features
- Bulkhead
- Rain Gutters
- Porch
Location
- Property is near public transit and schools
Utilities
- Central Heating and Cooling System
- 2 Cooling Zones
- 2 Heating Zones
- Heating System Uses Natural Gas
Listing and Financial Details
- Total Actual Rent $5,650
- Rent includes unit 1(water)
- Assessor Parcel Number M:33 L:0021,2134541
Community Details
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Tennis Courts
- Community Pool
- Park
- Jogging Path
Additional Features
- 2 Units
- Net Operating Income $67,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 4, 2025
Closed on
Aug 1, 2025
Sold by
Fabiano Michael
Bought by
Lujan Veronica and Vaquerano William A
Seller's Agent
The Team - Real Estate Advisors
Coldwell Banker Realty - Cambridge
Buyer's Agent
William & Veroni Real Estate Team
eXp Realty
List Price
$849,000
Sold Price
$840,000
Premium/Discount to List
-$9,000
-1.06%
Views
38
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
-$21,870
Avg. Annual Appreciation
-5.24%
Original Mortgage
$672,000
Outstanding Balance
$668,929
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$149,201
Purchase Details
Listed on
Jul 19, 2020
Closed on
Aug 27, 2020
Sold by
Stanton Daniel J
Bought by
Fabiano Michael
Seller's Agent
Matt Bernard
Cameron Real Estate Group
Buyer's Agent
The Team - Real Estate Advisors
Coldwell Banker Realty - Cambridge
List Price
$589,000
Sold Price
$610,000
Premium/Discount to List
$21,000
3.57%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.70%
Original Mortgage
$488,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 3, 2013
Closed on
Jun 21, 2013
Sold by
Babcock Linda M
Bought by
Stanton Daniel J
Seller's Agent
Deborah Douglass
RE/MAX Partners
Buyer's Agent
Heather Poulin
RE/MAX Bentley's
List Price
$299,900
Sold Price
$318,000
Premium/Discount to List
$18,100
6.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.48%
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $840,000 | -- | |
| Deed | $840,000 | -- | |
| Deed | $840,000 | -- | |
| Quit Claim Deed | $610,000 | None Available | |
| Quit Claim Deed | $610,000 | None Available | |
| Quit Claim Deed | $610,000 | None Available | |
| Quit Claim Deed | $610,000 | None Available | |
| Quit Claim Deed | $318,000 | -- | |
| Quit Claim Deed | $318,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $672,000 | New Conventional | |
| Closed | $672,000 | New Conventional | |
| Previous Owner | $488,000 | New Conventional | |
| Previous Owner | $65,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/01/2025 08/01/25 | Sold | $840,000 | -1.1% | $353 / Sq Ft | |
| 06/13/2025 06/13/25 | Pending | -- | -- | -- | |
| 06/04/2025 06/04/25 | For Sale | $849,000 | +39.2% | $357 / Sq Ft | |
| 08/28/2020 08/28/20 | Sold | $610,000 | +3.6% | $256 / Sq Ft | View Prior Sale |
| 07/23/2020 07/23/20 | Pending | -- | -- | -- | |
| 07/19/2020 07/19/20 | For Sale | $589,000 | +85.2% | $247 / Sq Ft | |
| 06/21/2013 06/21/13 | Sold | $318,000 | +6.0% | $134 / Sq Ft | View Prior Sale |
| 05/22/2013 05/22/13 | Pending | -- | -- | -- | |
| 05/03/2013 05/03/13 | For Sale | $299,900 | -- | $126 / 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 | $7,453 | $657,200 | $161,100 | $496,100 |
| 2024 | $7,107 | $611,600 | $152,700 | $458,900 |
| 2023 | $6,914 | $552,700 | $141,400 | $411,300 |
| 2022 | $6,865 | $518,100 | $132,900 | $385,200 |
| 2021 | $6,610 | $479,000 | $132,900 | $346,100 |
| 2020 | $6,228 | $431,000 | $114,800 | $316,200 |
| 2019 | $6,161 | $408,000 | $109,100 | $298,900 |
| 2018 | $5,661 | $368,100 | $104,000 | $264,100 |
| 2017 | $5,259 | $331,600 | $84,800 | $246,800 |
| 2016 | $5,126 | $327,100 | $80,300 | $246,800 |
| 2015 | $4,949 | $301,600 | $72,400 | $229,200 |
Source: Public Records
Agents Affiliated with this Home
-
The Team - Real Estate Advisors
-
Travers Peterson
Seller Co-Listing Agent in 2025
Travers Peterson
Coldwell Banker Realty - Cambridge
(978) 996-3604
1 in this area
35 Total Sales
-
William & Veroni Real Estate Team
W
Buyer's Agent in 2025
William & Veroni Real Estate Team
eXp Realty
(781) 420-5391
2 in this area
134 Total Sales
-
Matt Bernard
Seller's Agent in 2020
Matt Bernard
Cameron Real Estate Group
(781) 486-3180
46 Total Sales
-
Deborah Douglass
Seller's Agent in 2013
Deborah Douglass
The Carroll Team
(978) 569-6028
11 Total Sales
-
Heather Poulin
Buyer's Agent in 2013
Heather Poulin
RE/MAX
(978) 578-3122
1 Total Sale
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73385355
APN: SALE-000033-000000-000021
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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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