K
Seller's Agent in 2021
Kathie Strout
Century 21 North East
(978) 717-9044
4 in this area
14 Total Sales
2 Cabot St Salem, MA 01970
South Salem NeighborhoodEstimated Value: $623,000 - $700,000
4
Beds
2
Baths
1,730
Sq Ft
$380/Sq Ft
Est. Value
About This Home
As of October 2021Price reduction ! Motivated seller! 2 family on a quiet street, come add some TLC to this lowest priced 2 family in Salem. Great rental history! adding a deck off the second floor would add great outdoor space. Tenant's are moving out for the sale... walking distance to the downtown, restaurants, Pickering wharf, Salem State University. New train station coming right down the street. Great starter home or retirement home having tenants pay your mortgage. 1 car off street parking (could be more with work) updated: 1 heating system, 1 hot water tank and 1 electric meter. appliances and hot water tank are a few years old. Roof is approx 10 years young. Newer water main. Needs some window replacements. Laundry in basement.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,922
Year Built
- 1916
Lot Details
- 2,178
Additional Features
- Property has 2 Levels
- 1 Heating Zone
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 19, 2021
Closed on
Oct 14, 2021
Sold by
Lausier Michael A
Bought by
2 Cabot St T
Seller's Agent
Kathie Strout
Century 21 North East
Buyer's Agent
Diane Capodilupo
Diane Capodilupo & Company
List Price
$509,999
Sold Price
$495,000
Premium/Discount to List
-$14,999
-2.94%
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
$162,035
Avg. Annual Appreciation
7.04%
Original Mortgage
$297,000
Outstanding Balance
$270,836
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$386,199
Purchase Details
Listed on
Aug 11, 2017
Closed on
Dec 7, 2017
Sold by
Cabot 2 Street Salem R
Bought by
Lausier Michael A
Seller's Agent
Gary Blattberg
RE/MAX Beacon
Buyer's Agent
Kathie Strout
Century 21 North East
List Price
$349,000
Sold Price
$365,000
Premium/Discount to List
$16,000
4.58%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.23%
Original Mortgage
$310,250
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 4, 2017
Sold by
Rowand F Elliott
Bought by
Rowand Dana J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 13, 1993
Sold by
Desjardins Gerard G
Bought by
Desjardins Louise M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 2 Cabot St T | $495,000 | None Available | |
| Lausier Michael A | $365,000 | -- | |
| Rowand Dana J | $240,000 | -- | |
| Desjardins Louise M | $67,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 2 Cabot St T | $297,000 | |
| Previous Owner | Lausier Michael A | $310,250 | |
| Previous Owner | Rowand Dana J | $240,000 | |
| Previous Owner | Desjardins Louise M | $30,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/14/2021 10/14/21 | Sold | $495,000 | -2.9% | $286 / Sq Ft | |
| 09/01/2021 09/01/21 | Pending | -- | -- | -- | |
| 08/19/2021 08/19/21 | For Sale | $509,999 | +39.7% | $295 / Sq Ft | |
| 12/07/2017 12/07/17 | Sold | $365,000 | +4.6% | $211 / Sq Ft | View Prior Sale |
| 08/16/2017 08/16/17 | Pending | -- | -- | -- | |
| 08/11/2017 08/11/17 | For Sale | $349,000 | -- | $202 / 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 | $5,922 | $522,200 | $158,400 | $363,800 |
| 2024 | $5,668 | $487,800 | $150,100 | $337,700 |
| 2023 | $5,491 | $438,900 | $138,900 | $300,000 |
| 2022 | $5,599 | $422,600 | $130,600 | $292,000 |
| 2021 | $5,440 | $394,200 | $130,600 | $263,600 |
| 2020 | $5,185 | $358,800 | $112,800 | $246,000 |
| 2019 | $5,140 | $340,400 | $107,300 | $233,100 |
| 2018 | $4,763 | $309,700 | $102,300 | $207,400 |
| 2017 | $4,407 | $277,900 | $83,400 | $194,500 |
| 2016 | $4,284 | $273,400 | $78,900 | $194,500 |
| 2015 | $4,134 | $251,900 | $71,100 | $180,800 |
Source: Public Records
Agents Affiliated with this Home
-
Kathie Strout
-
Diane Capodilupo
Buyer's Agent in 2021
Diane Capodilupo
Diane Capodilupo & Company
(617) 823-9989
1 in this area
65 Total Sales
-
Gary Blattberg
Seller's Agent in 2017
Gary Blattberg
RE/MAX
(978) 882-4469
7 in this area
126 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72884059
APN: SALE-000034-000000-000079
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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