17 Hazel St Salem, MA 01970
South Salem NeighborhoodEstimated Value: $610,003 - $856,000
6
Beds
2
Baths
2,424
Sq Ft
$313/Sq Ft
Est. Value
About This Home
As of July 2020Excellent Investor or Home Owner Opportunity! Large, de-leaded Two-family with level back yard. Each unit has: 3 bedrooms, full bath, eat-in kitchen, laundry room w/ washer and dryer, living room; separate heat, hot water and electrical systems. Recent updates: new rubber roof, repointed chimney, rebuilt front and back porches, updated kitchens with granite counters, insulated replacement windows, new kitchen floor #2, hardwood floors just sanded and refinished. Both units are vacant, freshly painted and rent ready. Rent was about $2,200 per unit. Expected rent is $2,400 per unit, Cap Rate 7.1%, return on cash 8.7% at 25% downpayment. Showings limited to small buyer groups to maintain CDC's 6 feet of separation. Please no children. Bring gloves and sanitizer. Virtual Tours: 360 degree photos: https://bit.ly/2wyAZ9D ; Video https://vimeo.com/401918009/353627aadf
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,547
Year Built
- Built in 1914
Lot Details
- 4,356
Flooring
- Wood
- Vinyl
Outdoor Features
- Rain Gutters
- Porch
Additional Features
- Year Round Access
- Natural Gas Water Heater
- Basement
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 29, 2020
Closed on
Jul 21, 2020
Sold by
Wurster Christina J and Wurster Harold J
Bought by
Ellis Candice and Masse Douglas
Seller's Agent
Kathy Sullivan
RE/MAX Beacon
Buyer's Agent
Michael Selbst
Gibson Sotheby's International Realty
List Price
$589,000
Sold Price
$570,750
Premium/Discount to List
-$18,250
-3.1%
Total Days on Market
59
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,001
Avg. Annual Appreciation
5.76%
Original Mortgage
$551,158
Outstanding Balance
$497,103
Interest Rate
3.2%
Mortgage Type
VA
Estimated Equity
$251,843
Purchase Details
Closed on
Feb 19, 2008
Sold by
Fnma
Bought by
Wurster Harold J and Wurster Christina J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,950
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 14, 2007
Sold by
Rivera Anton I
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Aug 25, 2005
Sold by
Gitt Cletis L and Gitt Marie Annette
Bought by
Rivera Anton I and Bracero Damarys
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
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ellis Candice | $570,750 | None Available | |
| Wurster Harold J | $247,000 | -- | |
| Federal National Mortgage Association | -- | -- | |
| Rivera Anton I | $370,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ellis Candice | $551,158 | |
| Previous Owner | Gitt Cletis L | $198,622 | |
| Previous Owner | Gitt Cletis L | $209,950 | |
| Previous Owner | Gitt Cletis L | $356,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2020 07/23/20 | Sold | $570,750 | -3.1% | $235 / Sq Ft |
| 05/27/2020 05/27/20 | Pending | -- | -- | -- |
| 03/29/2020 03/29/20 | For Sale | $589,000 | -- | $243 / 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 |
|---|---|---|---|---|
| 2025 | $6,547 | $577,300 | $167,400 | $409,900 |
| 2024 | $6,270 | $539,600 | $158,600 | $381,000 |
| 2023 | $6,062 | $484,600 | $146,800 | $337,800 |
| 2022 | $6,169 | $465,600 | $138,000 | $327,600 |
| 2021 | $5,991 | $434,100 | $138,000 | $296,100 |
| 2020 | $5,378 | $372,200 | $119,200 | $253,000 |
| 2019 | $5,324 | $352,600 | $113,300 | $239,300 |
| 2018 | $4,922 | $320,000 | $108,100 | $211,900 |
| 2017 | $4,541 | $286,300 | $88,100 | $198,200 |
| 2016 | $4,413 | $281,600 | $83,400 | $198,200 |
| 2015 | $4,258 | $259,500 | $75,200 | $184,300 |
Source: Public Records
Agents Affiliated with this Home
-
Kathy Sullivan
Seller's Agent in 2020
Kathy Sullivan
RE/MAX
(781) 771-9949
3 in this area
62 Total Sales
-
Terry Sullivan
Seller Co-Listing Agent in 2020
Terry Sullivan
RE/MAX
(781) 771-9929
3 in this area
35 Total Sales
-
Michael Selbst
Buyer's Agent in 2020
Michael Selbst
Gibson Sotheby's International Realty
(617) 504-9159
4 in this area
65 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72638987
APN: SALE-000033-000000-000297
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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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