NOT LISTED FOR SALE

Estimated Value: $585,000 - $850,000

4 Beds
2 Baths
1,612 Sq Ft
$416/Sq Ft Est. Value

Last Sold September 20, 2018

Last sale price $160,000 $99 Per Sq Ft

Est. 319% increase in value since last sale

Current estimated payment $4,109/month

32 Days on Market

About This Home

As of September 2018

Amazing two-family/commercial opportunity for those that welcome a real fixer-upper at an ideal, high-trafficked location, nestled in on a wonderful, oversized parcel of land. You won't believe the potential this one has to offer. Either start your family here on the first floor apartment and enjoy the rent from upstairs, or start your business in a very, very successful location. Please do not enter the building without the written consent from the homeowner. The building is not safe in its current condition, floors, roof, etc. This lot located in the Mixed-Use Districts, is zoned B1. There is a home currently on this lot, this home is structurally unsound,it is unsafe to enter. Property is being sold as is. Great location, close to restaurants, shopping, and all major highways!

Last Agent to Sell the Property

Blaise Coco

BHHS Verani Salem License #050944 Listed on: 05/15/2018

BHHS Verani Salem

Last Buyer's Agent

John Vitale

BHHS Verani Salem License #071699

BHHS Verani Salem

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,105

Year Built

  • Built in 1920

Lot Details

  • 0.43 Acre Lot
  • Lot Sloped Up
  • Wooded Lot

Parking

  • Paved Parking

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 1,612 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 1465

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,105

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: Route 97, Main St
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 99.26
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 1612
  • Sq Ft - Apx Total Finished: 1612
  • Property Type: Multi-Family
  • Year Built: 1920
  • Remarks Public: Amazing two-family/commercial opportunity for those that welcome a real fixer-upper at an ideal, high-trafficked location, nestled in on a wonderful, oversized parcel of land. You won't believe the potential this one has to offer. Either start your family here on the first floor apartment and enjoy the rent from upstairs, or start your business in a very, very successful location. Please do not enter the building without the written consent from the homeowner. The building is not safe in its current condition, floors, roof, etc. This lot located in the Mixed-Use Districts, is zoned B1. There is a home currently on this lot, this home is structurally unsound,it is unsafe to enter. Property is being sold as is. Great location, close to restaurants, shopping, and all major highways!
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 1612

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Shingle
  • Foundation: Concrete
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Shingle - Asphalt

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Included
  • Heating Fuel: Gas - Natural Available
  • Heating: Hot Water

Lot Info

  • Map: 90
  • Lot Sq Ft: 18731
  • Lot Acres: 0.43
  • Lot Description: Wooded
  • Surveyed: Unknown
  • Zoning: B1
  • Deed Book: 5903
  • Deed Page: 1176
  • Deed Recorded Type: Fiduciary

Multi Family

  • Total Units: 2
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 2104.84
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2018
Closed on
Sep 20, 2018
Sold by
First Watch Llc
Bought by
Pjetri Ardian
Seller's Agent
Blaise Coco
BHHS Verani Salem
Buyer's Agent
John Vitale
BHHS Verani Salem
List Price
$199,900
Sold Price
$160,000
Premium/Discount to List
-$39,900
-19.96%
Current Estimated Value
$670,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$510,507
Avg. Annual Appreciation
22.75%

Purchase Details

Closed on
Apr 5, 2018
Sold by
Mary A Pappastathis Re and Kinas
Bought by
First Watch Llc
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
Pjetri Ardian $160,000 --
First Watch Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pena Eddy $50,000
Open Pena Eddy $384,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2018 09/20/18 Sold $160,000 -15.7% $99 / Sq Ft
08/31/2018 08/31/18 Pending -- -- --
08/26/2018 08/26/18 Price Changed $189,900 -5.0% $118 / Sq Ft
07/30/2018 07/30/18 For Sale $199,900 -- $124 / 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 $6,431 $365,400 $0 $365,400
2023 $6,082 $358,600 $0 $358,600
2022 $5,756 $358,600 $0 $358,600
2021 $2,256 $141,200 $141,200 $0
2020 $2,224 $101,000 $101,000 $0
2019 $2,220 $101,000 $101,000 $0
2018 $2,183 $101,000 $101,000 $0
2017 $2,105 $101,000 $101,000 $0
2016 $2,063 $101,000 $101,000 $0
2015 $2,306 $107,800 $102,100 $5,700
2014 $2,241 $107,800 $102,100 $5,700
2013 $2,206 $107,800 $102,100 $5,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4709976

PrimeMLS

APN: SLEM-000090-001465