Donna Spector
Responds Quickly
Realty ONE Group Suburban Lifestyle
(774) 772-5651
35 Total Sales
1 in South Salem
$587,500 Price
14 Forest Ave Salem, MA 01970
South Salem NeighborhoodEstimated Value: $853,193
6
Beds
2
Baths
2,380
Sq Ft
$358/Sq Ft
Est. Value
Highlights
- Medical Services
- Wood Flooring
- Tennis Courts
- Property is near public transit and schools
- 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
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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
- Marble or Granite Building Materials
Interior Spaces
- 2,380 Sq Ft Home
- Property has 1 Level
- Living Room
- Dining Room
- Wood Flooring
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 4, 2025
Closed on
Aug 1, 2025
Sold by
Bought by
Seller's Agent
The Team - Real Estate Advisors
Coldwell Banker Realty - Cambridge
Buyer's Agent
William & Veroni Real Estate Team
eXp Realty LLC
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
$13,193
Avg. Annual Appreciation
1.57%
Original Mortgage
$672,000
Outstanding Balance
$665,134
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$188,059
Purchase Details
Listed on
Jul 19, 2020
Closed on
Aug 27, 2020
Sold by
Bought by
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
Bought by
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%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Salem, MA
-
Donna Spector
-
Jim Serino
Jim Serino
Coldwell Banker Realty
(833) 657-4492
57 Total Sales
1 in South Salem
$300,000 Price
-
Carol St. Pierre
Carol St. Pierre
Tache Real Estate, Inc.
(781) 776-5893
40 Total Sales
3 in South Salem
$710K - $810K Price Range
-
Deborah Evans
Deborah Evans
J. Barrett & Company
(351) 215-0813
112 Total Sales
1 in South Salem
$650,000 Price
-
Diane Cadogan Hughes
Diane Cadogan Hughes
Barrett Sotheby's International Realty
(781) 776-5452
73 Total Sales
1 in South Salem
$690,000 Price
-
David Brown
David Brown
Coldwell Banker Realty - Beverly
(339) 666-1240
62 Total Sales
2 in South Salem
$535K - $775K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $840,000 | -- | ||
| $610,000 | None Available | ||
| $318,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $672,000 | ||
| Previous Owner | $488,000 | ||
| Previous Owner | $50,000 | ||
| Previous Owner | $299,000 | ||
| Previous Owner | $65,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
T
Seller's Agent in 2025
The Team - Real Estate Advisors
Coldwell Banker Realty - Cambridge
(978) 996-3604
1 in this area
268 Total Sales
-
Travers Peterson
Seller Co-Listing Agent in 2025
Travers Peterson
Coldwell Banker Realty - Cambridge
(978) 996-3604
1 in this area
34 Total Sales
-
William & Veroni Real Estate Team
W
Buyer's Agent in 2025
William & Veroni Real Estate Team
eXp Realty LLC
(781) 420-5391
2 in this area
122 Total Sales
-
Matt Bernard
Seller's Agent in 2020
Matt Bernard
Cameron Real Estate Group
(781) 486-3180
41 Total Sales
-
Deborah Douglass
Seller's Agent in 2013
Deborah Douglass
The Carroll Team
(978) 569-6028
10 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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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