NOT LISTED FOR SALE

15 Phelps St Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $855,000

6 Beds
2 Baths
3,560 Sq Ft
$240/Sq Ft Est. Value

Last Sold August 30, 2022

Last sale price $753,500 $212 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,339/month

7 Days on Market

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 2022

Welcome 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!

Last Agent to Sell the Property

Daniel Meegan

J. Barrett & Company Listed on: 05/03/2022

Last Buyer's Agent

Pam McKee

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,786

Year Built

  • Built in 1917

Lot Details

  • 6,351 Sq Ft Lot
  • 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

Overview

  • 2 Units
  • Near Conservation Area

Amenities

  • Medical Services
  • Shops

Recreation

  • Marina
  • Golf Course Community
  • Park

Building Details

  • Net Operating Income $10,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,786

Year Built

Built in 1917

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1917
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Flooring: Wood,Vinyl,Carpet, Unit 2(Wall to Wall Carpet)
  • Interior Amenities: Unit 2(Ceiling Fans,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen,Office/Den), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Family Room,Living RM/Dining RM Combo,Office/Den)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Disposal), Unit 2(Wall Oven,Dishwasher,Disposal,Countertop Range,Refrigerator,Vent Hood), Utility Connections for Electric Range
  • Total Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Walk-Out Access, Interior Entry
  • Living Area: 3560
  • Stories Total: 3
  • MAIN LO: C95243
  • MAIN SO: C95098

Exterior Features

  • Exterior Features: Rain Gutters, Unit 2 Balcony/Deck
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Stone
  • Patio And Porch Features: Enclosed
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Tandem, Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Cooling: Unit 1(None), Unit 2(None)
  • Heating: Unit 1(Forced Air), Unit 2(Steam)
  • Cooling Y N: No
  • Electric: 60 Amps/Less
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: SESD
  • HEAT UNITS: 1
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • Rent Includes: Unit 1(Heat)

Lot Info

  • Parcel Number: M:25 L:0320,2131710
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Sloped
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6351
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8786

Multi Family

  • Net Operating Income: 10800
  • Number Of Units Total: 2
  • Total Actual Rent: 900
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

Source: Public Records

Agents Affiliated with this Home

  • Daniel Meegan

    Seller's Agent in 2022

    Daniel Meegan

    J. Barrett & Company

    (617) 388-8500

    6 in this area

    69 Total Sales

    Daniel Meegan
    Section Image
  • Pam McKee

    Buyer's Agent in 2022

    Pam McKee

    Keller Williams Realty Evolution

    (978) 500-4047

    26 in this area

    90 Total Sales

    Pam McKee
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72975195

MLS Property Information Network (MLS PIN)

APN: SALE M:25 L:0320

Massachusetts Essex County Salem 01970 Downtown Salem

15 Phelps St, Salem, MA

Not Listed for Sale

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