Johnny Long
PRIVI Realty LLC
(857) 353-8035
167 Total Sales
1 in The Point
$1,000,000 Price
17 Palmer St Salem, MA 01970
The Point Neighborhood
19
Beds
6
Baths
7,044
Sq Ft
7,052
Sq Ft Lot
About This Home
As of May 2024Discover the potential of this oversized 6-family property located at 17-23 Palmer St. Each unit boasts ample space, with four (4) large 3-4 bedroom, 1 bath units, and two (2) spacious 3 bedroom, 1 bath units. With 6-7 off-street parking spots, this property offers convenience and accessibility for both tenants and landlords alike. Landlord is responsible for Heat and some HW. Tenants pay their own electric. Rents are below market. See attached OM for rent roll (including pro forma) and detailed incomes/expenses.
Last Buyer's Agent
Arfaat Ali
Fairview Partners International LLC
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,657
Year Built
- Built in 1915
Lot Details
- 7,052 Sq Ft Lot
Home Design
- 7,044 Sq Ft Home
- Stone Foundation
- Shingle Roof
Bedrooms and Bathrooms
- 19 Bedrooms
- 6 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Off-Street Parking
Utilities
- Heating System Uses Natural Gas
- Hot Water Heating System
Listing and Financial Details
- Total Actual Rent $10,827
Community Details
Overview
- 6 Units
- Property has 1 Level
Building Details
- Electric Expense $895
- Insurance Expense $6,748
- Water Sewer Expense $8,540
- Operating Expense $37,590
- Net Operating Income $88,436
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 21, 2024
Closed on
May 17, 2024
Sold by
Bought by
Seller's Agent
Francesca Little
Little & Co., REALTORS®
Buyer's Agent
Arfaat Ali
Fairview Partners International LLC
List Price
$2,000,000
Sold Price
$1,900,000
Premium/Discount to List
-$100,000
-5%
Views
102
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,690,500
Outstanding Balance
$1,652,051
Interest Rate
6.82%
Mortgage Type
Purchase Money Mortgage
Home Values in the Area
Average Home Value in this Area
Agents Specializing in The Point, MA
-
Johnny Long
-
Tyson Lynch
Tyson Lynch
Responds QuicklyThe Proper Nest Real Estate
(351) 666-4531
52 Total Sales
3 in The Point
$241K - $455K Price Range
-
Eric Erickson
Eric Erickson
Reimagined Real Estate Advisors
(978) 690-4349
11 Total Sales
1 in The Point
$439,900 Price
-
Cristina Coppola
Cristina Coppola
Responds QuicklyLamacchia Realty, Inc.
(351) 208-2654
134 Total Sales
2 in The Point
$290K - $305K Price Range
-
Gary Blattberg
Gary Blattberg
Responds QuicklyRE/MAX Beacon
(978) 972-4693
122 Total Sales
2 in The Point
$239K - $1.2M Price Range
-
Enrique Benitez
Enrique Benitez
Responds QuicklyCompass
(857) 666-4148
3 Total Sales
1 in The Point
$1,185,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,900,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,690,500 | ||
| Closed | $1,425,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/17/2024 05/17/24 | Sold | $1,900,000 | -5.0% | $270 / Sq Ft |
| 04/04/2024 04/04/24 | Pending | -- | -- | -- |
| 03/21/2024 03/21/24 | For Sale | $2,000,000 | -- | $284 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $16,019 | $1,412,600 | $160,900 | $1,251,700 |
| 2024 | $11,213 | $965,000 | $160,900 | $804,100 |
| 2023 | $10,620 | $848,900 | $141,900 | $707,000 |
| 2022 | $10,730 | $809,800 | $132,500 | $677,300 |
| 2021 | $9,290 | $673,200 | $123,600 | $549,600 |
| 2020 | $8,872 | $614,000 | $91,200 | $522,800 |
| 2019 | $8,308 | $550,200 | $80,400 | $469,800 |
| 2018 | $7,452 | $484,500 | $80,400 | $404,100 |
| 2017 | $7,288 | $459,500 | $68,600 | $390,900 |
| 2016 | $7,200 | $459,500 | $68,600 | $390,900 |
| 2015 | $6,272 | $382,200 | $59,000 | $323,200 |
Source: Public Records
Agents Affiliated with this Home
-
Francesca Little
Seller's Agent in 2024
Francesca Little
Little & Co., REALTORS®
(978) 745-4447
11 in this area
33 Total Sales
-
A
Buyer's Agent in 2024
Arfaat Ali
Fairview Partners International LLC
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73215172
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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