Eric Erickson
Reimagined Real Estate Advisors
(978) 690-4349
11 Total Sales
1 in The Point
$439,900 Price
2 Chase St Salem, MA 01970
The Point NeighborhoodEstimated Value: $991,542
6
Beds
3
Baths
2,952
Sq Ft
$336/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Forced Air Heating System
- 4-minute walk to Mary Jane Lee Park
- Wood Flooring
- Heating System Uses Steam
About This Home
As of May 2024Discover a well-maintained treasure in the heart of Salem, just a stone's throw away from the vibrant downtown scene. This 3-family property boasts spacious 2-bedroom, 1-Bathroom units complete with inviting dining and living areas. Four off street parking spaces gives the potential for added monthly income. Each unit is equipped with separate utilities, ensuring convenience and flexibility for both tenants and landlords alike. Current rents are well below market. This property can be sold with 4 Chase st and 199-201 Lafayette st to create a 12 unit package with 12 off street parking spaces. See attached for detailed income/expenses as well as rent projections.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,650
Year Built
- Built in 1915
Lot Details
- 4,282
Home Design
- Triplex
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,952 Sq Ft Home
- Wood Flooring
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Parking
- 4 Car Parking Spaces
- Off-Street Parking
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Heating System Uses Steam
- 60 Amp Service
Additional Features
- 4,282 Sq Ft Lot
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $5,675
- Assessor Parcel Number 2136046
Community Details
Overview
- 3 Units
- Property has 1 Level
Building Details
- Electric Expense $114
- Insurance Expense $3,466
- Water Sewer Expense $1,780
- Operating Expense $13,910
- Net Operating Income $54,190
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
Listed on
Mar 11, 2024
Closed on
May 22, 2024
Sold by
Henrie Rt and Gagnon
Bought by
Seller's Agent
Francesca Little
Little & Co., REALTORS®
Buyer's Agent
Chris Blasczak
Real Broker MA, LLC
List Price
$950,000
Sold Price
$930,000
Premium/Discount to List
-$20,000
-2.11%
Views
64
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
$61,542
Avg. Annual Appreciation
2.80%
Original Mortgage
$744,000
Outstanding Balance
$725,821
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$265,721
Purchase Details
Closed on
May 10, 2018
Sold by
Gagnon Matthew and Gagnon Stephen H
Bought by
Henrie Rt and Gagnon
Purchase Details
Listed on
Apr 11, 2014
Closed on
Aug 13, 2014
Sold by
Dion Richard
Bought by
Gagnon Stephen and Gagnon Matthew T
Seller's Agent
Gary Blattberg
RE/MAX Beacon
Buyer's Agent
Gary Blattberg
RE/MAX Beacon
List Price
$389,000
Sold Price
$370,000
Premium/Discount to List
-$19,000
-4.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.49%
Original Mortgage
$277,500
Interest Rate
4.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 21, 2005
Sold by
Juanita Trombley Ret and Dion
Bought by
Dion Richard
Home Values in the Area
Average Home Value in this Area
Agents Specializing in The Point, MA
-
Eric Erickson
-
Johnny Long
Johnny Long
PRIVI Realty LLC
(857) 353-8035
171 Total Sales
1 in The Point
$1,000,000 Price
-
Tyson Lynch
Tyson Lynch
Responds QuicklyThe Proper Nest Real Estate
(351) 666-4531
50 Total Sales
3 in The Point
$241K - $455K Price Range
-
Pam McKee
Pam McKee
Responds QuicklyKeller Williams Realty Evolution
(351) 444-5743
71 Total Sales
1 in The Point
$252,500 Price
-
Paula Sughrue
Paula Sughrue
Responds QuicklyBetter Homes and Gardens Real Estate - The Shanahan Group
(339) 338-6001
74 Total Sales
1 in The Point
$515,000 Price
-
Wendy Webber
WW
Wendy Webber
Responds QuicklyColdwell Banker Realty - Marblehead
(351) 999-8407
33 Total Sales
1 in The Point
$920,000 Price
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 |
|---|---|---|---|
| $930,000 | None Available | ||
| Henrie Rt | -- | -- | |
| Gagnon Stephen | $370,000 | -- | |
| Dion Richard | $391,800 | -- |
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 |
|---|---|---|---|
| Open | -- | $744,000 | |
| Previous Owner | Gagnon Stephen H | $277,500 | |
| Previous Owner | Dion Richard E | $170,000 |
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 |
|---|---|---|---|---|
| 05/22/2024 05/22/24 | Sold | $930,000 | -2.1% | $315 / Sq Ft |
| 03/26/2024 03/26/24 | Pending | -- | -- | -- |
| 03/11/2024 03/11/24 | For Sale | $950,000 | -- | $322 / 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 | $9,591 | $845,800 | $201,500 | $644,300 |
| 2024 | $7,781 | $669,600 | $191,500 | $478,100 |
| 2023 | $7,574 | $605,400 | $176,800 | $428,600 |
| 2022 | $7,547 | $569,600 | $170,900 | $398,700 |
| 2021 | $7,239 | $524,600 | $159,100 | $365,500 |
| 2020 | $6,888 | $476,700 | $150,200 | $326,500 |
| 2019 | $6,849 | $453,600 | $142,600 | $311,000 |
| 2018 | $6,353 | $413,100 | $135,500 | $277,600 |
| 2017 | $5,951 | $375,200 | $114,300 | $260,900 |
| 2016 | $5,796 | $369,900 | $109,000 | $260,900 |
| 2015 | $5,653 | $344,500 | $100,200 | $244,300 |
Source: Public Records
Agents Affiliated with this Home
-
Francesca Little
Seller's Agent in 2024
Francesca Little
Little & Co., REALTORS®
(978) 745-4447
11 in this area
33 Total Sales
-
Chris Blasczak
Buyer's Agent in 2024
Chris Blasczak
Real Broker MA, LLC
(978) 490-0906
1 in this area
69 Total Sales
-
Gary Blattberg
Seller's Agent in 2014
Gary Blattberg
RE/MAX
(978) 882-4469
2 in this area
119 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73210746
APN: SALE-000034-000000-000471
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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