15 Phelps St Salem, MA 01970
Broad Street NeighborhoodEstimated Value: $885,000
6
Beds
2
Baths
3,560
Sq Ft
$249/Sq Ft
Est. Value
Highlights
- Marina
- Medical Services
- Wood Flooring
- Golf Course Community
- Property is near public transit
- 4-minute walk to Bunny Puttman Park
About This Home
As of August 2022Welcome to one of Salem’s beautiful, hidden neighborhoods. Your future home is located on a lovely, hilltop, dead-end, tree-lined street! Your large, fenced-in, sloping yard is terraced for all of your gardening plans. Your home includes a detached garage to hide your car from New England weather! Your 2-Family home has a large, 4 bedroom unit with a traditional dining room for Sunday dinner! Bring your imagination to your spacious kitchen. You will love your front and back enclosed porches for expanded seasonal living. For storage or for expanded hobby space, your open basement is ready for you. Your multi-family includes a first-floor, 2 bedroom unit with a traditional living room-dining room, kitchen layout. Your imagination and up-grades will make this stunning house your home! With close proximity to downtown Salem, and easy access to schools, shopping and commuter routes, 15 Phelps St. is ideally situated! Make an appointment for a showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,786
Year Built
- Built in 1917
Lot Details
- 6,351 Sq Ft Lot
- Near Conservation Area
- Fenced
- Sloped Lot
Parking
- 1 Car Garage
- Tandem Parking
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Duplex
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,560 Sq Ft Home
- Property has 1 Level
Kitchen
- Built-In Range
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- Enclosed patio or porch
- Rain Gutters
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- 2 Heating Zones
- Heating Available
- 60 Amp Service
Listing and Financial Details
- Total Actual Rent $900
- Rent includes unit 1(heat)
- Assessor Parcel Number M:25 L:0320,2131710
Community Details
Amenities
- Medical Services
- Shops
Recreation
- Marina
- Golf Course Community
- Park
Additional Features
- 2 Units
- Net Operating Income $10,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 14, 2024
Sold by
15 Phelps St Salem Llc
Bought by
Spurlock Dante A and Spurlock Katherine A
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$743,327
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$141,673
Purchase Details
Closed on
Mar 26, 2024
Sold by
15 Phelps St Salem Llc
Bought by
Miller Ret and Miller
Purchase Details
Listed on
May 3, 2022
Closed on
Aug 30, 2022
Sold by
Dadasis Christo Est and Clasby
Bought by
15 Phelps St Salem Llc
Seller's Agent
Daniel Meegan
J. Barrett & Company
Buyer's Agent
Pam McKee
Keller Williams Realty Evolution
List Price
$699,900
Sold Price
$753,500
Premium/Discount to List
$53,600
7.66%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.89%
Original Mortgage
$900,000
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Salem, MA
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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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Spurlock Dante A | $815,000 | None Available | |
| Spurlock Dante A | $815,000 | None Available | |
| Miller Ret | $852,500 | None Available | |
| Miller Ret | $852,500 | None Available | |
| 15 Phelps St Salem Llc | $753,500 | None Available | |
| 15 Phelps St Salem Llc | $753,500 | None Available | |
| 15 Phelps St Salem Llc | $753,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Spurlock Dante A | $750,000 | |
| Closed | Spurlock Dante A | $750,000 | |
| Previous Owner | 15 Phelps St Salem Llc | $900,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/30/2022 08/30/22 | Sold | $753,500 | +7.7% | $212 / Sq Ft |
| 05/11/2022 05/11/22 | Pending | -- | -- | -- |
| 05/03/2022 05/03/22 | For Sale | $699,900 | -- | $197 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $9,395 | $808,500 | $201,600 | $606,900 |
| 2023 | $8,567 | $684,800 | $186,100 | $498,700 |
| 2022 | $8,786 | $663,100 | $179,900 | $483,200 |
| 2021 | $8,295 | $601,100 | $167,500 | $433,600 |
| 2020 | $8,028 | $555,600 | $158,200 | $397,400 |
| 2019 | $7,932 | $525,300 | $150,100 | $375,200 |
| 2018 | $7,290 | $474,000 | $142,700 | $331,300 |
| 2017 | $6,812 | $429,500 | $120,300 | $309,200 |
| 2016 | $6,643 | $423,900 | $114,700 | $309,200 |
| 2015 | $6,259 | $381,400 | $105,400 | $276,000 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Meegan
Seller's Agent in 2022
Daniel Meegan
J. Barrett & Company
(617) 388-8500
1 in this area
74 Total Sales
-
Pam McKee
Buyer's Agent in 2022
Pam McKee
Keller Williams Realty Evolution
(978) 500-4047
9 in this area
108 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72975195
APN: SALE-000025-000000-000320
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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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