NOT LISTED FOR SALE

15 Leach St Salem, MA 01970

South Salem Neighborhood
18 Beds
6 Baths
6,561 Sq Ft
10,019 Sq Ft Lot

Last Sold September 18, 2019

Last sale price $1,485,000 $226 Per Sq Ft

7 Days on Market

About This Home

As of September 2019

Rare Offering 15 Leach Street in Salem Massachusetts. Location is right between the historic downtown district and Salem State University. The subject property is six (6) units with off street parking spaces for twelve (12) vehicles. All units are very large three-bedrooms apartments with one-bathroom, replacement windows and all have their own lead compliance certifications. The tenants pay for their own heat and electric and the landlord pays for hot water. The basement consists of one (1) hot water tank and six (6) natural gas boilers, the hot water heater is less than one-year old. Detached from the apartment building is a six (6) bay garage which can also create additional income. 15 Leach Street is ideally located just off Lafayette Street, and is 1-mile from the Salem Depot Commuter Rail Station. This opportunity represents a going in CAP Rate of 7.2% which makes this an ideal opportunity for any investor looking to be in a strong historic Salem Market

Last Listed By

Dan Pouladian

North Shore Realty Advisors Listed on: 07/22/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 10,019

Parking

  • 6 Car Garage

Flooring

  • Wood
  • Tile

Additional Features

  • Screened Porch
  • Rain Gutters
  • Oil Water Heater
  • Basement

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

6

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Insc: 4000
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 232.43
  • Comp Based On: Net Sale Price
  • Year Built: 1925
  • Lead Paint: Certified Treated
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1925

Interior Features

  • Flooring: Tile, Hardwood
  • Total Flrs: 9
  • No Bedrooms: 18
  • Total Brs: 18
  • Full Bathrooms: 6
  • Total Fbh: 6
  • No Rooms: 25
  • Basement: Y
  • Basement Features: Full, Interior Access
  • Main Lo: C99946
  • Main So: AN4339
  • Estimated Sq Ft: 6561.00

Exterior Features

  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Exterior Features: Porch - Enclosed, Porch - Screened, Gutters
  • Foundation: Fieldstone, Brick

Garage/Parking

  • Parking Feature: Off-Street, Assigned
  • Parking Spaces: 12
  • Garage Spaces: 6

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 840
  • Sewer: 2700
  • Electric Features: 220 Volts, Circuit Breakers
  • Heat Zones: 6
  • Hot Water: Oil
  • Utility Connections: for Gas Range, for Electric Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Public School, University

Lot Info

  • Assessments: 1138300.00
  • Acre: 0.23
  • Lot Size: 10019.00
  • Page: 395
  • Zoning: B1
  • Lot Description: Paved Drive, Level

Green Features

  • Energy Features: Insulated Windows

Multi Family

  • APOD Available: Yes
  • Heat Units: 6
  • Total Levels: 5
  • Total Rent: 12895
  • Total Rms: 35
  • No Units: 6
  • Mf Type: 5-9 Family

Tax Info

  • Taxes: 17188.00
  • Assessor Parcel Number: 2135082

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

Property History

Date Event Price Change Sq Ft Price
09/18/2019 09/18/19 Sold $1,485,000 -2.6% $226 / Sq Ft
07/29/2019 07/29/19 Pending -- -- --
07/22/2019 07/22/19 For Sale $1,525,000 +79.1% $232 / Sq Ft
04/03/2014 04/03/14 Sold $851,500 +6.4% $130 / Sq Ft
03/04/2014 03/04/14 Pending -- -- --
02/03/2014 02/03/14 For Sale $800,000 -- $122 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dan Pouladian

    Seller's Agent in 2019

    Dan Pouladian

    North Shore Realty Advisors

    (617) 548-7737

    28 Total Sales

    Dan Pouladian
    Section Image
  • Domenica Giordano

    Buyer's Agent in 2019

    Domenica Giordano

    Century 21 North East

    (781) 608-3004

    1 in this area

    128 Total Sales

    Section Image
  • Julianna Tache

    Seller's Agent in 2014

    Julianna Tache

    Tache Real Estate, Inc.

    (978) 979-9669

    Section Image
  • Kathy Sullivan

    Buyer's Agent in 2014

    Kathy Sullivan

    RE/MAX

    (781) 771-9949

    3 in this area

    62 Total Sales

    Kathy Sullivan
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72538150

MLS Property Information Network (MLS PIN)

Massachusetts Essex County Salem 01970 South Salem

15 Leach St, Salem, MA

Homes for Sale in Salem, MA

This home is located at 15 Leach St, Salem, MA 01970 since 22 July 2019. This property was built in 1925. 15 Leach St is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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.

MLS Property Information Network (MLS PIN) 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.

Nearby Homes