18 Chestnut St Salem, MA 01970
Chestnut Street Neighborhood
6
Beds
6
Baths
4,258
Sq Ft
2,858
Sq Ft Lot
Highlights
- Marina
- Medical Services
- Wood Flooring
- Golf Course Community
- Property is near public transit
- 5-minute walk to Bunny Puttman Park
About This Home
As of September 2024Exquisite circa 1800 home on beautiful Chestnut Street! Perfect for multi-generational living or for a single family home buyer happy to defray costs. Easily reverted to a single family if desired. Masterfully restored over 3 years, with all new systems, plumbing & electrical while retaining its charm. Windows were carefully restored or custom made to precise historic standards w/traditional wavy glass for authenticity. Lovely woodwork showcases Georgian, Federal, & Colonial Revival styles. Lower unit has 2 BRs 2 ½ baths and upper unit has 3-4 BRs 2 ½ baths plus the sunniest office overlooking Chestnut St. Beautiful brick & cobblestone patio is accessible by both units as you see fit; flexes as off-street parking during the winter. Once home to Nathaniel Hawthorne who published the “Scarlet Letter” shortly after leaving. Ideally located on the corner of romantic Botts Court & elegant Chestnut St, minutes from the train station, restaurants, the PEM & waterfront
Last Agent to Sell the Property
Gibson Sotheby's International Realty Listed on: 05/14/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,263
Year Built
- Built in 1800
Lot Details
- 2,858 Sq Ft Lot
- Near Conservation Area
- Corner Lot
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 4,258 Sq Ft Home
- Property has 2 Levels
- 5 Fireplaces
- Basement Fills Entire Space Under The House
- Storm Windows
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
Parking
- 2 Car Parking Spaces
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Utilities
- Central Heating and Cooling System
- 4 Cooling Zones
- 4 Heating Zones
- 200+ Amp Service
- 110 Volts
Listing and Financial Details
- Assessor Parcel Number M:25 L:0424,2131815
Community Details
Overview
- 2 Units
Amenities
- Medical Services
- Shops
Recreation
- Marina
- Golf Course Community
- Park
- Jogging Path
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 18, 2017
Closed on
Jan 17, 2018
Sold by
Frederiksen Phyllis J and Frederiksen Antoniello
Bought by
121 Nahant Street Rt and Kelleher
Seller's Agent
Paula DAngelo-Pickett
Coldwell Banker Realty - Marblehead
Buyer's Agent
Carmel Harney
William Raveis R.E. & Home Services
List Price
$750,000
Sold Price
$585,000
Premium/Discount to List
-$165,000
-22%
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
$1,174,698
Avg. Annual Appreciation
15.86%
Similar Home in Salem, MA
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 |
|---|---|---|---|
| Personal Reps Deed | $585,000 | -- | |
| Personal Reps Deed | $585,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $750,000 | Purchase Money Mortgage | |
| Closed | $750,000 | Purchase Money Mortgage | |
| Closed | $200,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $938,250 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $20,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/05/2024 09/05/24 | Sold | $1,725,000 | -6.8% | $405 / Sq Ft |
| 07/26/2024 07/26/24 | Pending | -- | -- | -- |
| 05/14/2024 05/14/24 | For Sale | $1,850,000 | +216.2% | $434 / Sq Ft |
| 01/17/2018 01/17/18 | Sold | $585,000 | -16.4% | $137 / Sq Ft |
| 12/03/2017 12/03/17 | Pending | -- | -- | -- |
| 11/18/2017 11/18/17 | Price Changed | $699,900 | -6.7% | $164 / Sq Ft |
| 11/16/2017 11/16/17 | For Sale | $750,000 | 0.0% | $176 / Sq Ft |
| 11/09/2017 11/09/17 | Pending | -- | -- | -- |
| 10/18/2017 10/18/17 | Price Changed | $750,000 | -6.2% | $176 / Sq Ft |
| 09/18/2017 09/18/17 | Price Changed | $799,999 | -5.9% | $188 / Sq Ft |
| 08/29/2017 08/29/17 | Price Changed | $850,000 | -5.5% | $200 / Sq Ft |
| 07/20/2017 07/20/17 | Price Changed | $899,900 | -5.2% | $211 / Sq Ft |
| 06/18/2017 06/18/17 | For Sale | $949,000 | -- | $223 / 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 | $15,748 | $1,388,700 | $249,900 | $1,138,800 |
| 2024 | $15,263 | $1,313,500 | $238,500 | $1,075,000 |
| 2023 | $14,894 | $1,190,600 | $215,800 | $974,800 |
| 2022 | $13,165 | $993,600 | $204,400 | $789,200 |
| 2021 | $8,987 | $651,200 | $204,400 | $446,800 |
| 2020 | $9,268 | $641,400 | $198,800 | $442,600 |
| 2019 | $7,971 | $527,900 | $190,800 | $337,100 |
| 2018 | $11,736 | $763,100 | $181,700 | $581,400 |
| 2017 | $12,304 | $775,800 | $170,400 | $605,400 |
| 2016 | $12,022 | $767,200 | $161,800 | $605,400 |
| 2015 | $12,842 | $782,600 | $161,800 | $620,800 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Selbst
Seller's Agent in 2024
Michael Selbst
Gibson Sotheby's International Realty
(617) 504-9159
13 in this area
66 Total Sales
-
Merry Fox Team
M
Buyer's Agent in 2024
Merry Fox Team
MerryFox Realty
10 in this area
272 Total Sales
-
Paula DAngelo-Pickett
Seller's Agent in 2018
Paula DAngelo-Pickett
Coldwell Banker Realty - Marblehead
(781) 913-6663
128 Total Sales
-
C
Buyer's Agent in 2018
Carmel Harney
William Raveis R.E. & Home Services
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73237614
APN: SALE-000025-000000-000424
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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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