18 Balcomb St Salem, MA 01970
North Salem Neighborhood
7
Beds
3.5
Baths
4,310
Sq Ft
4,500
Sq Ft Lot
Highlights
- Marina
- Medical Services
- Cathedral Ceiling
- Golf Course Community
- Property is near public transit
- 4-minute walk to McGlew Park
About This Home
As of June 2025Perfect for owner-occupied income producing property, straight-up investment opportunity, or potential condo conversion for developers. Rare Salem 2-family (side-by-side) duplex offering spacious sunny rooms with 2 driveways and good-sized yard seeks new steward. Unit 1 (current owner’s home) offers 4 bedrooms, renovated kitchen and 2 full baths plus interior access to own basement with laundry. The attic is a wide open, finished, heated open space which offers potential for various uses – bedroom, family room, office space, maybe even an ADU (buyer to do research and due diligence). Unit 2 (currently tenant occupied) has 3 bedrooms, 1.5 baths, laundry and access to own basement. Fully insulated and deleaded, this home has new heating systems and hot water heaters for both units. Close to downtown Salem restaurants, shops, museums, and Commuter rail.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,892
Year Built
- Built in 1875
Lot Details
- 4,500 Sq Ft Lot
- Near Conservation Area
- Corner Lot
- Level Lot
Home Design
- Duplex
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 4,310 Sq Ft Home
- Cathedral Ceiling
- Ceiling Fan
- Insulated Windows
- Living Room
- Dining Room
- Home Office
- Loft
- Storage
Kitchen
- Range
- Dishwasher
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- Bathtub with Shower
- Separate Shower
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Parking
- 4 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
- Assigned Parking
Outdoor Features
- Rain Gutters
Location
- Property is near public transit
- Property is near schools
Schools
- Collins Middle School
- Salem High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- 2 Heating Zones
- Heating System Uses Natural Gas
- Baseboard Heating
- Internet Available
Listing and Financial Details
- Total Actual Rent $3,500
- Rent includes unit 1(none), unit 2(none)
- Assessor Parcel Number M:17 L:0254,2129668
Community Details
Overview
- 2 Units
- Property has 3 Levels
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Golf Course Community
- Park
- Jogging Path
- Bike Trail
Building Details
- Electric Expense $2,400
- Water Sewer Expense $1,800
- Operating Expense $3,700
- Net Operating Income $42,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 29, 2025
Closed on
Jun 24, 2025
Sold by
Deoliveira Wesley B and Oliveira Yolanda T
Bought by
North Shore Re Dev Co Llc
Seller's Agent
Nancy Peterson
J. Barrett & Company
Buyer's Agent
Jackelyn Enslow
J. Barrett & Company
List Price
$1,075,000
Sold Price
$1,025,000
Premium/Discount to List
-$50,000
-4.65%
Views
24
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.94%
Purchase Details
Closed on
May 23, 2018
Sold by
Plante Nt
Bought by
Deoliveira Wesley B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,930
Interest Rate
4.62%
Mortgage Type
FHA
Purchase Details
Closed on
Oct 29, 1993
Sold by
Pazner Marie
Bought by
Plante Ronald G and Plante Dorothy H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage
Similar Homes in the area
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,025,000 | -- | |
| Not Resolvable | $440,000 | -- | |
| Deed | $155,000 | -- | |
| Deed | $155,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $408,400 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $402,930 | FHA | |
| Previous Owner | $108,500 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | Sold | $1,025,000 | -4.7% | $238 / Sq Ft |
| 05/08/2025 05/08/25 | Pending | -- | -- | -- |
| 04/29/2025 04/29/25 | For Sale | $1,075,000 | -- | $249 / 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 | $9,892 | $872,300 | $202,600 | $669,700 |
| 2024 | $9,007 | $775,100 | $192,600 | $582,500 |
| 2023 | $8,677 | $693,600 | $177,800 | $515,800 |
| 2022 | $9,003 | $679,500 | $171,800 | $507,700 |
| 2021 | $8,455 | $612,700 | $160,000 | $452,700 |
| 2020 | $8,294 | $574,000 | $151,100 | $422,900 |
| 2019 | $8,174 | $541,300 | $143,400 | $397,900 |
| 2018 | $7,447 | $484,200 | $136,300 | $347,900 |
| 2017 | $6,944 | $437,800 | $114,900 | $322,900 |
| 2016 | $6,777 | $432,500 | $109,600 | $322,900 |
| 2015 | $6,566 | $400,100 | $100,700 | $299,400 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Nancy Peterson
J. Barrett & Company
(978) 922-3683
1 in this area
65 Total Sales
-
Buyer's Agent in 2025
Jackelyn Enslow
J. Barrett & Company
(978) 979-2647
1 in this area
46 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73366502
APN: SALE-000017-000000-000254
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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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