NOT LISTED FOR SALE

158 Salem St Boston, MA 02113

North End Neighborhood

Estimated Value: $5,566,309

12 Beds
8 Baths
7,500 Sq Ft
$742/Sq Ft Est. Value

Last Sold March 27, 2012

Last sale price $2,342,500 $312 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $29,193/month

132 Days on Market

About This Home

As of March 2012

9 UNIT BLONDE BRICK MIXED USE BUILDING IN BOSTON'S HISTORIC NORTH END! 8 residential units and 1 commercial unit. 1500sf Commercial Unit currently used as a Bakery, (4) 2-Bedroom & (4) 1-Bedroom apartments. Still room to increase rents to OVER $200K! SOLID Investment in Boston's hottest neighborhoods. Most leases end August 31st, 2012. 6.5 CAP - Numbers speak for themselves!

Last Agent to Sell the Property

Ryan Foley

Greater Metropolitan R. E. Listed on: 10/17/2011

Last Buyer's Agent

Gem Mutlu

eXp Realty

eXp Realty

Property Details

Home Type

Multi-Family

Year Built

1906

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Other Agent: 1.50
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1906

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 7
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Public School, T-Station, University

Exterior Features

  • Roof: Rubber
  • Construction: Brick
  • Exterior: Brick
  • Foundation: Poured Concrete

Garage/Parking

  • Parking: On Street Permit
  • Parking Spaces: 0

Utilities

  • Water/Sewer: City/Town Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2011
Closed on
Mar 28, 2012
Sold by
Salem North End Llc
Bought by
158 M3 Llc
Seller's Agent
Ryan Foley
Greater Metropolitan R. E.
Buyer's Agent
Gem Mutlu
eXp Realty
List Price
$2,550,000
Sold Price
$2,342,500
Premium/Discount to List
-$207,500
-8.14%
Current Estimated Value
$5,566,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,223,809

Purchase Details

Closed on
Jan 4, 2010
Sold by
158 Salem Street Llc
Bought by
Salem North End Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
4.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 22, 2008
Sold by
158 Salem St North End
Bought by
158 Salem Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 2008
Sold by
Olimpio Jerry C and Olimpio John M
Bought by
158 Salem St North End
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
158 M3 Llc $2,342,500 --
Salem North End Llc $2,050,000 --
158 Salem Street Llc $1,875,000 --
158 Salem St North End $1,530,000 --
Olimpio Jerry C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Salem North End Llc $1,500,000
Previous Owner 158 Salem Street Llc $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2012 03/27/12 Sold $2,342,500 -8.1% $312 / Sq Ft
02/26/2012 02/26/12 Pending -- -- --
10/17/2011 10/17/11 For Sale $2,550,000 -- $340 / 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 -- $2,364,700 $616,800 $1,747,900
2024 -- $2,435,500 $616,800 $1,818,700
2023 $0 $2,516,800 $616,800 $1,900,000
2022 $0 $2,488,100 $616,800 $1,871,300
2021 $0 $2,483,000 $608,600 $1,874,400
2020 $0 $2,423,500 $608,600 $1,814,900
2019 $0 $2,374,000 $608,600 $1,765,400
2018 $0 $2,273,000 $586,000 $1,687,000
2017 $0 $2,196,000 $557,200 $1,638,800
2016 -- $2,023,500 $516,100 $1,507,400
2015 -- $1,829,000 $460,500 $1,368,500
2014 -- $1,587,000 $390,700 $1,196,300
Source: Public Records

Agents Affiliated with this Home

  • Ryan Foley

    Seller's Agent in 2012

    Ryan Foley

    Greater Metropolitan R. E.

    (617) 523-2505

    1 in this area

    14 Total Sales

    Ryan Foley
    Section Image
  • Gem Mutlu

    Buyer's Agent in 2012

    Gem Mutlu

    eXp Realty

    (617) 320-6708

    9 Total Sales

    Gem Mutlu
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71301217

MLS Property Information Network (MLS PIN)

APN: CBOS-000000-000003-002272

Massachusetts Suffolk County Boston 02113 North End

158 Salem St, Boston, MA

Not Listed for Sale

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