NOT LISTED FOR SALE

Estimated Value: $360,000 - $743,000

4 Beds
3 Baths
1,883 Sq Ft
$276/Sq Ft Est. Value

Last Sold November 16, 2023

Last sale price $350,000 $186 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,222/month

2 Days on Market

Highlights

  • Deck
  • Jogging Path
  • Coin Laundry
  • Property is near public transit
  • Park
  • 1-minute walk to Collins Cove Park

About This Home

As of November 2023

Salem Neck area. 2 family located on side street. Unit 1 is 2 bedroom and unit 2 is townhouse style. separate utilities. On street parking. building in need of rehab. Near Collins Cove, train station and Salem Commons. The heating systems are only 3-4 years old. This will have great potential after it is updated.

Last Agent to Sell the Property

Sara Fishbane

Sara Fishbane Real Estate Listed on: 08/21/2023

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,360

Year Built

  • Built in 1850

Lot Details

  • 2,108 Sq Ft Lot
  • Fenced

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,883 Sq Ft Home
  • Property has 1 Level
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • 2 Heating Zones
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $2,000
  • Rent includes unit 1(water), unit 2(water)
  • Tax Block 0334
  • Assessor Parcel Number 360334000,2137467

Community Details

Recreation

  • Park
  • Jogging Path

Additional Features

  • 2 Units
  • Coin Laundry
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,360

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1850
  • Buyer Agency: 2.0
  • Transaction Broker: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Interior Amenities: Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Utility Connections for Electric Oven
  • Total Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 1883
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: C86000
  • LIST PRICE PER Sq Ft: 238.98
  • PRICE PER Sq Ft: 185.87
  • MAIN SO: AC1022

Exterior Features

  • Exterior Features: Deck, Unit 1 Balcony/Deck
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Beach Front, Bay, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Oven
  • Cooling: Unit 1(None), Unit 2(None)
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Forced Air,Gas)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: Essex
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Walk/Jog Trails, Laundromat, House of Worship, Public School, T-Station, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 360334000,2137467
  • Zoning: R-2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 2108
  • Lot Size Units: Acres
  • PAGE: 186
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4360
  • Tax Block: 0334
  • Tax Book Number: 9330
  • Tax Lot: 0000
  • Tax Map Number: 0036

Multi Family

  • Gross Income: 24000
  • Net Operating Income: 24000
  • Number Of Units Total: 2
  • Total Actual Rent: 2000
  • 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
Mar 12, 2025
Sold by
Drief Abdelmalik
Bought by
14 Lathrop Street Rt and Drief
Current Estimated Value
$519,471
Source: Public Records

Range of Values:

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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
14 Lathrop Street Rt -- None Available
14 Lathrop Street Rt -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bahal Arvinder S $150,000
Previous Owner Bahal Arvinder S $102,000
Previous Owner Bahal Arvinder S $9,657
Previous Owner Bahal Arvinder S $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2023 11/16/23 Sold $350,000 -22.2% $186 / Sq Ft
08/24/2023 08/24/23 Pending -- -- --
08/21/2023 08/21/23 For Sale $450,000 -- $239 / 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 $4,958 $437,200 $158,600 $278,600
2024 $4,584 $394,500 $150,300 $244,200
2023 $4,360 $348,500 $139,100 $209,400
2022 $4,623 $348,900 $130,800 $218,100
2021 $4,513 $327,000 $130,800 $196,200
2020 $4,440 $307,300 $113,000 $194,300
2019 $4,396 $291,100 $107,400 $183,700
2018 $4,074 $264,900 $102,400 $162,500
2017 $3,733 $235,400 $83,500 $151,900
2016 $3,618 $230,900 $79,000 $151,900
2015 $3,484 $212,300 $71,200 $141,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73150518

MLS Property Information Network (MLS PIN)

APN: SALE-000036-000000-000334