NOT LISTED FOR SALE

14 Willow Ave Salem, MA 01970

South Salem Neighborhood

Estimated Value: $572,000 - $614,000

2 Beds
2 Baths
1,769 Sq Ft
$338/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $510,000 $288 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,558/month

24 Days on Market

About This Home

As of October 2021

Two family home in great location, just steps from Salem Harbor and Willow Avenue beach, Forest River Park and Salem State University are also close by. This home offers a roomy apartment on first floor with large living and dining rooms, nice size bedroom, kitchen with two pantry closets and room for a small dinette. Dining room is currently being used as a bedroom area, divided by floor to ceiling curtain on a track - can easily be made into a permanent 2nd bedroom. The cozy apartment on the second floor is a great rental unit. The property is ideal for an owner occupied home with rental income. Recent updates include new electrical service with 100 amps to each unit, a new roof over the first floor living room, as well as new shingles on the right side of the house.

Last Agent to Sell the Property

Elizabeth Beaver

Leading Edge Real Estate Listed on: 08/11/2021

Last Buyer's Agent

Vinh Nguyen

Kava Realty Group, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • 1945

Lot Details

  • 3,485

Additional Features

  • Property has 1 Level
  • 2 Heating Zones

Property Details

Home Type

Multi-Family

Year Built

1945

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Off of Lafayette St. (Route 114 and 1A)
  • Garage Yn: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1945

Interior Features

  • Appliances: Washer, Dryer, Other, Unit 1(Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator), Gas Water Heater,Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Gas Dryer
  • Has Basement: Partial, Walk-Out Access, Concrete
  • MAIN LO: C95180
  • MAIN SO: AC0746
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Flooring: Wood,Tile, Unit 1(undefined), Unit 2(Tile Floor,Hardwood Floors)
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower), Unit 2(Pantry,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Stories: 3

Exterior Features

  • Roof: Shingle
  • Exterior Features: Rain Gutters, Garden
  • Foundation Details: Block
  • Construction Type: Frame
  • Disclosures: Listing Agent Is Owner Of Property. Owner Of 14 Willow Ave Has A 5' Right Of Way To Pass Over Driveway. Seller Has An Agreement With Owner Of 14 Willow Avenue To Exchange Use Of One Parking Space For Use Of 5' Of Land Abutting 14 Willow's Garage.
  • Fencing: Fenced
  • Home Warranty: No
  • Patio And Porch Features: Porch, Patio - Enclosed
  • Waterfront Features: Beach Front, Harbor, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Paved Drive, Off Street, Assigned, Paved
  • Open Parking: Yes
  • Total Parking Spaces: 4

Utilities

  • Cooling: Unit 1(Window AC)
  • Heating: Unit 1(Hot Water Baseboard,Hot Water Radiators,Gas), Unit 2(Hot Water Radiators)
  • HEAT UNITS: 1
  • HEAT ZONES: 2
  • Cooling Y N: Yes
  • Electric: 220 Volts, Circuit Breakers, 200+ Amp Service, Individually Metered
  • Heating Yn: Yes
  • Laundry Features: Laundry Room, Washer Hookup, Unit 1 Laundry Room
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Medical Facility, Laundromat, Public School, T-Station, University, Sidewalks
  • HOA Rent Includes: Unit 1(Heat,Gas,Water,Hot Water), Unit 2(Heat,Water,Hot Water)
  • Senior Community: No

Schools

  • Middle Or Junior School: Colins

Lot Info

  • LOT SIZE: 3289
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 3484.8
  • Zoning: R1

Multi Family

  • LEVELS 1: 1
  • LEASE 2: N
  • LEASE 1: N
  • Annual Gross Income: 16800
  • Property Net Operating Income: 16800
  • Number Of Units Total: 2
  • Annual Operating Expense: 1272
  • Total Actual Rent: 1400

Tax Info

  • Tax Annual Amount: 5499
  • Tax Book Number: 36712
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 5, 2018
Sold by
Clark William G and Gordon Clark W
Bought by
Clark William G
Current Estimated Value
$597,764

Purchase Details

Closed on
Dec 10, 1999
Sold by
Dowdell-Armitage Judy
Bought by
Clark W Gordon and Clark Sally F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
7.9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Clark William G -- --
Clark W Gordon $136,450 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Clark W Gordon $174,100
Previous Owner Clark W Gordon $200,000
Previous Owner Clark W Gordon $150,000
Previous Owner Clark W Gordon $129,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2021 10/15/21 Sold $510,000 -5.4% $288 / Sq Ft
09/05/2021 09/05/21 Pending -- -- --
08/11/2021 08/11/21 For Sale $539,000 -- $305 / 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 $5,450 $480,600 $186,700 $293,900
2024 $5,239 $450,900 $177,400 $273,500
2023 $5,135 $410,500 $163,800 $246,700
2022 $5,248 $396,100 $158,300 $237,800
2021 $5,011 $363,100 $147,400 $215,700
2020 $4,922 $340,600 $139,200 $201,400
2019 $4,883 $323,400 $132,100 $191,300
2018 $4,488 $291,800 $125,600 $166,200
2017 $4,157 $262,100 $105,900 $156,200
2016 $4,030 $257,200 $101,000 $156,200
2015 $3,904 $237,900 $92,800 $145,100
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Beaver

    Seller's Agent in 2021

    Elizabeth Beaver

    Leading Edge Real Estate

    (508) 259-7786

    6 in this area

    30 Total Sales

    Elizabeth Beaver
    Section Image

  • V

    Buyer's Agent in 2021

    Vinh Nguyen

    Kava Realty Group, Inc.

    (781) 715-3527

    1 in this area

    59 Total Sales

    Vinh Nguyen
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72880082

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000634

Massachusetts Essex County Salem 01970 South Salem

14 Willow Ave, Salem, MA

Not Listed for Sale

MultiFamily

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