NOT LISTED FOR SALE

Estimated Value: $758,793

22 Beds
10 Baths
6,282 Sq Ft
$121/Sq Ft Est. Value

Sale Details

Date Sold: June 27, 2022

Last sale price $2,300,000 $366 Per Sq Ft

Current estimated payment $4,171 / mo

Highlights

  • Waterfront
  • 2 Car Garage
  • Heating Available
  • Laundry Room
  • Wall to Wall Carpet

About This Home

As of June 2022

Once in a lifetime opportunity. Do not hesitate. Review the value of each building and each unit. Look very closely at what you are about to own: Right on the beachfront with direct, unrestricted access to the majestic Atlantic Ocean. In addition, you not only get outstanding ocean views with beautiful sunrises but also some of the most spectacular views of the Merrimack River, the Great Salt Marsh, along with stunning sunsets. No one can ever build to the east or west of your new property, taking away any of the aforementioned views. This is not a property that consists of small units. There are two large four-unit buildings, six units w/3 bedrooms each and two units w/2 bedrooms each for 22 total bedrooms. A great investment opportunity with potential rental income in the range of $160-$200K. This property can also be converted to 8 condominiums. The two main units alone would be valued between $550-$650K. each. Reach out for more details and further information.

Last Agent to Sell the Property

Thomas Saab

Tom Saab Real Estate Listed on: 10/01/2021

Co-Listed By

Brittany Saab

Tom Saab Real Estate

Last Buyer's Agent

Thomas Saab

Tom Saab Real Estate Listed on: 10/01/2021

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,500

Year Built

  • Built in 1985

Lot Details

  • 7,500 Sq Ft Lot
  • Waterfront

Parking

  • 2 Car Garage

Interior Spaces

  • 6,282 Sq Ft Home
  • Wall to Wall Carpet
  • Basement Fills Entire Space Under The House

Kitchen

  • Microwave
  • Dishwasher
  • Compactor
  • Disposal

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 10 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Location

  • Flood Zone Lot

Schools

  • Salisbury Elem. Elementary School
  • Triton Middle School
  • Triton High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $4,000
  • Assessor Parcel Number M:31 P: 24,2147084

Community Details

Overview

  • 8 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $48,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,500

Year Built

Built in 1985

Lot Details

7,500 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1985
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 5

Interior Features

  • Flooring: Unit 1(undefined), Unit 2(Tile Floor,Wall to Wall Carpet,Stone/Ceramic Tile Floor), Unit 3(Tile Floor), Unit 4(Tile Floor)
  • Interior Amenities: Unit 1(Central Vacuum,Stone/Granite/Solid Counters,Upgraded Cabinets,Upgraded Countertops,Bathroom with Shower Stall,Bathroom With Tub,Slider,Internet Available - Broadband), Unit 2(Central Vacuum,Stone/Granite/Solid Counters,Upgraded Cabinets,Upgraded Countertops,Slider,Internet Available - Broadband), Unit 3(Central Vacuum,Bathroom With Tub & Shower,Internet Available - Broadband), Unit 4(Central Vacuum,Bathroom With Tub & Shower,Internet Available - Broadband), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Disposal,Microwave,Refrigerator), Unit 2(Range,Dishwasher,Compactor,Microwave,Refrigerator,Washer,Dryer), Unit 3(Range,Dishwasher,Refrigerator), Unit 4(Range,Dishwasher,Refrigerator)
  • Total Bedrooms: 22
  • Full Bathrooms: 10
  • Total Bathrooms: 10
  • Laundry Features: Laundry Room, Unit 2 Laundry Room
  • Basement: Full
  • Living Area: 6282
  • Stories Total: 5
  • MAIN LO: G43500
  • MAIN SO: G43500

Exterior Features

  • Exterior Features: Unit 1 Balcony/Deck, Unit 2 Balcony/Deck, Unit 3 Balcony/Deck, Unit 4 Balcony/Deck
  • Foundation Details: Other
  • Waterfront Features: Waterfront, Beach Front, Ocean, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Total Parking Spaces: 9

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 2(Wall AC)
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Forced Air,Gas,Electric)
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 4
  • COOLING ZONES: 0

Lot Info

  • Parcel Number: M:31 P: 24,2147084
  • Zoning: 3
  • Farm Land Area Units: Square Feet
  • Lot Features: Flood Plain
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7500
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 10500

Multi Family

  • Net Operating Income: 48000
  • Number Of Units Total: 8
  • Total Actual Rent: 4000
  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 1

MLS Schools

  • High School: Triton
  • Elementary School: Salisbury Elem.
  • Middle Or Junior School: Triton

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 25, 2022
Sold by
Bought by
Current Estimated Value
$758,793

Purchase Details

Listed on
Oct 1, 2021
Closed on
Aug 11, 2022
Sold by
Bought by
Seller's Agent
Thomas Saab
Tom Saab Real Estate
Buyer's Agent
Thomas Saab
Tom Saab Real Estate
List Price
$2,500,000
Sold Price
$2,300,000
Premium/Discount to List
-$200,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-23.45%
Original Mortgage
$487,500
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 1, 2021
Closed on
Jul 29, 2022
Sold by
Bought by
Seller's Agent
Thomas Saab
Tom Saab Real Estate
Buyer's Agent
Thomas Saab
Tom Saab Real Estate
List Price
$2,500,000
Sold Price
$2,300,000
Premium/Discount to List
-$200,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 1, 2021
Closed on
Jul 25, 2022
Sold by
Bought by
Seller's Agent
Thomas Saab
Tom Saab Real Estate
Buyer's Agent
Thomas Saab
Tom Saab Real Estate
List Price
$2,500,000
Sold Price
$2,300,000
Premium/Discount to List
-$200,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Salisbury, MA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$650,000 None Available
$675,000 None Available
$900,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $487,500
Previous Owner $475,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/27/2022 06/27/22 Sold $2,300,000 -8.0% $366 / Sq Ft
10/01/2021 10/01/21 Pending -- -- --
10/01/2021 10/01/21 For Sale $2,500,000 -- $398 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $0 $0 $0 $0
2024 $13,070 $0 $0 $0
2023 $13,070 $1,210,200 $592,400 $617,800
2022 $12,931 $1,160,800 $543,000 $617,800
2021 $13,019 $1,156,200 $543,000 $613,200
2020 $10,500 $916,200 $543,000 $373,200
2019 $10,265 $865,500 $524,400 $341,100
2018 $10,083 $855,900 $524,400 $331,500
2017 $9,656 $810,100 $524,400 $285,700
2016 $9,286 $795,700 $524,400 $271,300
2015 $9,031 $768,600 $524,400 $244,200
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72903160

MLS Property Information Network (MLS PIN)

APN: SALI-000031-000000-000024

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