NOT LISTED FOR SALE

Estimated Value: $773,000 - $887,000

5 Beds
3 Baths
2,500 Sq Ft
$336/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $785,000 $314 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,292/month

6 Days on Market

Highlights

  • Waterfront
  • Intercom
  • Heating Available
  • Wood Flooring
  • Home Security System

About This Home

As of May 2022

Meticulously 2 family will charm you from the moment you set eyes on it and was total renovated in 2016. This spacious house feature an open floor plan located at Desirable Gallows Hill of Historic Salem with a large parking lot that can fit 6+ cars. Both units has a Beautiful kitchen with white cabinets, granite counter, stainless still appliances, island and breakfast bar that leads to a good size deck. Large Title bathroom with hook up for washer/dryer. The first floor unit has a 2 bedroom and a family room in the basement, 2nd floor has 3-4 bedrooms with 2 full bath. Shine Hardwood floors throughout accentuate the modern finishes. Newer roof, newer windows, New High Efficient Navien Boiler, newer plumbing!This is a great home within a short distance to town and train as well as RTE 128 via Peabody. It's definitely a must see!!!! Open house Sat/Sun 11:00AM-12:30PM

Last Agent to Sell the Property

Jucelia Oliveira

Delmaschio Group Realty Listed on: 04/06/2022

Last Buyer's Agent

Ryan Guilmartin

MerryFox Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,044

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 4,356 Sq Ft Lot
  • Waterfront

Home Design

  • Block Foundation
  • Stone Foundation

Interior Spaces

  • 2,500 Sq Ft Home
  • Property has 1 Level
  • Washer

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Home Security

  • Home Security System
  • Intercom

Parking

  • 6 Car Parking Spaces
  • Driveway
  • Open Parking

Utilities

  • Heating Available
  • 220 Volts
  • Natural Gas Connected
  • Gas Water Heater

Community Details

  • 2 Units
  • Net Operating Income $21,600

Listing and Financial Details

  • Total Actual Rent $1,800
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number M:16 L:0036,2129035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,044

Year Built

Built in 1900 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Property Condition: Unit 1 Remodeled, Unit 2 Remodeled
  • Year Built: 1900
  • Buyer Agency: 2.0
  • Buyer Agency Type: %
  • Sub Agent Compensation: 2.0
  • Sub Agency Type: %
  • Transaction Broker: 2.0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Unit 1(undefined), Unit 2(Tile Floor,Hardwood Floors,Wall to Wall Carpet,Stone/Ceramic Tile Floor)
  • Interior Amenities: Unit 1(Stone/Granite/Solid Counters,Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub,Open Floor Plan), Unit 2(Stone/Granite/Solid Counters,Bathroom With Tub,Open Floor Plan), Unit 1 Rooms(Living Room,Dining Room,Kitchen,Family Room), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer), Unit 2(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer), Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Partially Finished, Walk-Out Access, Interior Entry
  • Living Area: 2500
  • Other Equipment: Unit 2 Intercom
  • Stories Total: 3
  • MAIN LO: AN5819
  • LIST PRICE PER Sq Ft: 307.96
  • PRICE PER Sq Ft: 314
  • MAIN SO: C95098

Exterior Features

  • Exterior Features: Unit 1 Balcony/Deck, Unit 2 Balcony/Deck
  • Foundation Details: Block, Stone
  • Waterfront Features: Waterfront, Beach Front, Ocean, River, Harbor
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Heating: Unit 1(Gas), Unit 2(Gas)
  • Electric: 220 Volts
  • Heating YN: Yes
  • Security Features: Unit 2 Security System
  • Water Source: Public
  • HEAT UNITS: 2

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water), Unit 2(Water)

Lot Info

  • Parcel Number: M:16 L:0036,2129035
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4356
  • Lot Size Units: Acres
  • LOT SIZE: 4417
  • PAGE: 250

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8044
  • Tax Book Number: 35607

Multi Family

  • Gross Income: 21600
  • Net Operating Income: 21600
  • Number Of Units Total: 2
  • Total Actual Rent: 1800
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2016
Closed on
Jan 12, 2017
Sold by
Delarosa Realty Llc
Bought by
Soares Leusimar J
Seller's Agent
Herrick Lutts Realty Partners
Herrick Lutts Realty Partners
Buyer's Agent
Jucelia Oliveira
Delmaschio Group Realty
List Price
$499,900
Sold Price
$510,000
Premium/Discount to List
$10,100
2.02%
Current Estimated Value
$839,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,863
Original Mortgage
$492,978
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 30, 2016
Sold by
Corbin Robert K and Corbin Bonnie M
Bought by
Delarosa Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2009
Sold by
Corbin Robert K
Bought by
Corbin Robert K
Source: Public Records

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
Soares Leusimar J $510,000 --
Delarosa Realty Llc $245,000 --
Corbin Robert K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lawlor Katherine N $658,750
Closed Soares Leusimar J $492,978
Previous Owner Delarosa Realty Llc $375,000
Previous Owner Corbin Robert K $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2022 05/31/22 Sold $785,000 +2.0% $314 / Sq Ft
04/13/2022 04/13/22 Pending -- -- --
04/06/2022 04/06/22 For Sale $769,900 +51.0% $308 / Sq Ft
01/16/2017 01/16/17 Sold $510,000 +2.0% $204 / Sq Ft
11/04/2016 11/04/16 Pending -- -- --
11/02/2016 11/02/16 For Sale $499,900 -- $200 / 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 $8,589 $757,400 $202,200 $555,200
2024 $8,241 $709,200 $192,200 $517,000
2023 $8,070 $645,100 $177,400 $467,700
2022 $8,044 $607,100 $171,500 $435,600
2021 $7,656 $554,800 $159,600 $395,200
2020 $7,416 $513,200 $150,800 $362,400
2019 $7,361 $487,500 $143,100 $344,400
2018 $6,835 $444,400 $136,000 $308,400
2017 $3,952 $249,200 $114,700 $134,500
2016 $3,822 $243,900 $109,400 $134,500
2015 $3,699 $225,400 $100,500 $124,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72962735

MLS Property Information Network (MLS PIN)

APN: SALE-000016-000000-000036