NOT LISTED FOR SALE

16 Pingree St Salem, MA 01970

The Point Neighborhood

Estimated Value: $598,699 - $898,000

5 Beds
3 Baths
2,914 Sq Ft
$249/Sq Ft Est. Value

Last Sold October 06, 2015

Last sale price $315,000 $108 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $4,402/month

85 Days on Market

About This Home

As of October 2015

DRASTIC REDUCTION !!!!!!!! NOTHING WRONG. SELLER RELOCATING.!!!!! THAT IS ALL. Attention Investors looking to invest your money and make a monthly income or first time home buyer looking to grow your family in a quite side of Salem. Great condition. Long time owner occupied, long term tenants, this property offers the ability to help you pay for the mortgage and live almost rent-free. with $1,600.00 in rent (could be more) rents way below market is the great opportunity to own. Good sizes rooms, beautiful hardwood floors, well maintained. Fenced in Yard. Free parking behind the house on snow emergency. On the street free parking. Not neighbors across the street you only have the Registry of Deeds, it makes the neighborhood even quieter. All windows are newer, very clean. Second floor features an enclosed porch for the summer days and back deck, as well as small yard for kids and pets, Come and make it yours today. Second floor will be delivered vacant for new owner 3 Laundry h/ups

Last Agent to Sell the Property

Rosa Valera

Valera Realty Services Listed on: 06/02/2015

Last Buyer's Agent

Sarah MacBurnie

Ocean's Edge Real Estate

Ocean's Edge Real Estate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,322

Year Built

1915

Lot Details

0

Listing Details

  • Lot Description: Fenced/Enclosed
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Unknown
  • Year Built Description: Approximate
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1915

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 13
  • Energy: Insulated Windows
  • Flooring: Tile, Hardwood
  • Basement: Full, Walk Out, Interior Access, Concrete Floor, Unfinished Basement
  • Full Bathrooms: 3
  • Total Levels: 3
  • Main Lo: AC0433
  • Main So: C95098
  • Estimated Sq Ft: 2914.00

Exterior Features

  • Exterior Features: Porch, Porch - Enclosed, Fenced Yard
  • Foundation: Fieldstone, Other (See Remarks)

Garage/Parking

  • Parking: On Street Permit, Other (See Remarks)

Utilities

  • Hot Water: Electric
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 3

Lot Info

  • Assessor Parcel Number: M:34 L:0180
  • Zoning: R3
  • Acre: 0.06
  • Lot Size: 2635.00

Multi Family

  • Total Bedrooms: 5
  • Total Floors: 6
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 13
  • Total Rent_1: 1600
  • Multi Family Type: 3 Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2015
Closed on
Oct 13, 2015
Sold by
Betances Cristian M and Moreta Fausto R
Bought by
Leblanc Dorian P
Seller's Agent
Rosa Valera
Valera Realty Services
Buyer's Agent
Sarah MacBurnie
Ocean's Edge Real Estate
List Price
$434,900
Sold Price
$315,000
Premium/Discount to List
-$119,900
-27.57%
Current Estimated Value
$724,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$409,425
Avg. Annual Appreciation
8.61%
Original Mortgage
$236,250
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 1997
Sold by
Silva Ralph and Sliva Joann
Bought by
Betances Cristian M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,050
Interest Rate
7.7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Leblanc Dorian P $315,000 --
Betances Cristian M $99,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Leblanc Dorian P $236,250
Previous Owner Betances Cristian M $150,000
Previous Owner Betances Cristian M $94,050
Previous Owner Betances Cristian M $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2015 10/06/15 Sold $315,000 -27.6% $108 / Sq Ft
08/26/2015 08/26/15 Pending -- -- --
06/02/2015 06/02/15 For Sale $434,900 -- $149 / 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 $7,322 $645,700 $144,000 $501,700
2024 $6,950 $598,100 $144,000 $454,100
2023 $6,647 $531,300 $127,000 $404,300
2022 $6,561 $495,200 $118,600 $376,600
2021 $6,296 $456,200 $110,600 $345,600
2020 $5,640 $390,300 $81,600 $308,700
2019 $5,515 $365,200 $72,000 $293,200
2018 $5,142 $334,300 $72,000 $262,300
2017 $4,760 $300,100 $61,400 $238,700
2016 $4,703 $300,100 $61,400 $238,700
2015 $3,986 $242,900 $52,800 $190,100
Source: Public Records

Agents Affiliated with this Home

  • Rosa Valera

    Seller's Agent in 2015

    Rosa Valera

    Valera Realty Services

    (781) 632-3443

    1 in this area

    38 Total Sales

    Rosa Valera
    Section Image
  • Sarah MacBurnie

    Buyer's Agent in 2015

    Sarah MacBurnie

    Ocean's Edge Real Estate

    (978) 337-9955

    79 Total Sales

    Sarah MacBurnie
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71848967

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000180

Massachusetts Essex County Salem 01970 The Point

16 Pingree St, Salem, MA

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