NOT LISTED FOR SALE

172 N Policy St Salem, NH 03079

Estimated Value: $557,245 - $696,000

4 Beds
2 Baths
2,084 Sq Ft
$309/Sq Ft Est. Value

Last Sold July 13, 2023

Last sale price $620,000 $298 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,213/month

6 Days on Market

Highlights

  • Access To Lake
  • Cape Cod Architecture
  • 2 Car Attached Garage
  • Lake View
  • Wood Flooring
  • Tankless Water Heater

About This Home

As of July 2023

Unique opportunity to own this adorable 2 unit with gorgeous views of Canobie Lake. First floor unit features large bright fireplaced living room opened to formal dining room, and 2 good sized bedrooms. Do not miss the eat inkitchen and mudroom that connects to the 2 car garage. 2nd floor features extra large eat in kitchen, great family room and 2 good sized bedrooms. The young roof and some new windows make this home a keeper. Do you enjoy back yard bbqs then this private large level is perfect for the summer fun plus area for a dock in the lake. Let the 2nd unit help pay the mortgage while you enjoy gorgeous views year round.

Last Listed By

Jennifer Hamilton-Bower

Keller Williams Realty Success License #055371 Listed on: 05/17/2023

Keller Williams Realty Success

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,733

Year Built

  • Built in 1940

Lot Details

  • 0.36 Acre Lot
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Cape Cod Architecture
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property
  • Lake Views
  • Unfinished Basement
  • Interior Basement Entry

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Outdoor Features

  • Access To Lake
  • Restricted Water Access
  • Water Access Across The Street

Utilities

  • Heating System Uses Steam
  • Heating System Uses Oil
  • Tankless Water Heater
  • Private Sewer
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 3449

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,733

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Cape, Multi-Family
  • Directions: 93 to Pelham Rd To N. Policy
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 297.5
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3224
  • Sq Ft - Apx Total Finished: 2084
  • Year Built: 1940
  • Remarks Public: Unique opportunity to own this adorable 2 unit with gorgeous views of Canobie Lake. First floor unit features large bright fireplaced living room opened to formal dining room, and 2 good sized bedrooms. Do not miss the eat inkitchen and mudroom that connects to the 2 car garage. 2nd floor features extra large eat in kitchen, great family room and 2 good sized bedrooms. The young roof and some new windows make this home a keeper. Do you enjoy back yard bbqs then this private large level is perfect for the summer fun plus area for a dock in the lake. Let the 2nd unit help pay the mortgage while you enjoy gorgeous views year round.
  • List Agent: 20252
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile, Hardwood, Vinyl
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Interior Access, Unfinished
  • Sq Ft - Apx Finished AG: 2084
  • Sq Ft - Apx Unfinished BG: 1140

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Fieldstone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Architectural
  • Water Body Type: Lake
  • Water Restrictions: Yes
  • Water Access Details: Cross a Street to Access
  • Water Body Name 2: Canobie Lake
  • Water View: Yes
  • Water Body Access 2: Yes

Garage/Parking

  • Garage Capacity: 2
  • Garage: Yes
  • Garage Type: Attached

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Private
  • Water: Public
  • Water Heater: Tankless
  • Heating Fuel: Oil
  • Heating: Steam
  • Total Electric Meters: 1
  • Total Ranges: 2
  • Utilities: Cable - Available

Lot Info

  • Map: 54
  • Lot Sq Ft: 15682
  • Lot Acres: 0.36
  • Lot Description: Lake Access, Lake View, Level
  • Surveyed: Unknown
  • Zoning: RES
  • Deed Book: 6199
  • Deed Page: 1298
  • Deed Recorded Type: Warranty

Multi Family

  • Total Full Baths: 2
  • Total Units: 2
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 6733
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2023
Closed on
Jul 13, 2023
Sold by
Rucker Charles J
Bought by
Ferreira Jesse D
Seller's Agent
Jennifer Hamilton-Bower
Keller Williams Realty Success
Buyer's Agent
Kim Cook
LAER Realty Partners/Chelmsford
List Price
$619,900
Sold Price
$620,000
Premium/Discount to List
$100
0.02%
Total Days on Market
6
Views
70
Current Estimated Value
$643,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,311
Avg. Annual Appreciation
1.98%
Original Mortgage
$484,000
Outstanding Balance
$474,808
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$168,503

Purchase Details

Closed on
Nov 24, 2020
Sold by
Lavoie Elaine F
Bought by
Rucker Charles J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,200
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 28, 1982
Bought by
Lavoie Elaine F

Range of Values:

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Average Value
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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
Ferreira Jesse D $605,000 None Available
Rucker Charles J $400,000 None Available
Lavoie Elaine F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferreira Jesse D $484,000
Previous Owner Rucker Charles J $409,200
Previous Owner Lavoie Elaine F $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2023 07/13/23 Sold $620,000 0.0% $298 / Sq Ft
05/23/2023 05/23/23 Pending -- -- --
05/17/2023 05/17/23 For Sale $619,900 -- $297 / Sq Ft
Source: PrimeMLS

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
2024 $7,348 $417,500 $198,900 $218,600
2023 $7,115 $419,500 $198,900 $220,600
2022 $6,733 $419,500 $198,900 $220,600
2021 $6,704 $419,500 $198,900 $220,600
2020 $6,950 $315,600 $142,100 $173,500
2019 $6,937 $315,600 $142,100 $173,500
2018 $6,820 $315,600 $142,100 $173,500
2017 $6,577 $315,600 $142,100 $173,500
2016 $6,448 $315,600 $142,100 $173,500
2015 $6,237 $291,600 $145,900 $145,700
2014 $6,062 $291,600 $145,900 $145,700
2013 $5,966 $291,600 $145,900 $145,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4952933

PrimeMLS

APN: SLEM-000054-003449