2 Chase St Salem, MA 01970
The Point Neighborhood
6
Beds
3
Baths
2,952
Sq Ft
4,282
Sq Ft Lot
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,650
Year Built
- Built in 1915
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
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 10, 2018
Sold by
Gagnon Matthew T and Gagnon Stephen H
Bought by
Henrie Rt and Gagnon
Current Estimated Value
Purchase Details
Listed on
Apr 11, 2014
Closed on
Aug 13, 2014
Sold by
Dion Richard E
Bought by
Gagnon Stephen H 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
9.39%
Original Mortgage
$277,500
Interest Rate
4.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 21, 2005
Sold by
Juanita Trombley Ret
Bought by
Dion Richard E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,850
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage
Similar Homes 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 |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- | |
| Not Resolvable | $370,000 | -- | |
| Deed | $391,800 | -- | |
| Deed | $391,800 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $744,000 | Purchase Money Mortgage | |
| Closed | $744,000 | Purchase Money Mortgage | |
| Previous Owner | $277,500 | New Conventional | |
| Previous Owner | $170,000 | No Value Available | |
| Previous Owner | $293,850 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 | +156.8% | $322 / Sq Ft |
| 08/13/2014 08/13/14 | Sold | $370,000 | -4.9% | $125 / Sq Ft |
| 07/14/2014 07/14/14 | Pending | -- | -- | -- |
| 04/11/2014 04/11/14 | For Sale | $389,000 | -- | $132 / 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 | $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
-
Seller's Agent in 2024
Francesca Little
Little & Co., REALTORS®
(978) 745-4447
10 in this area
32 Total Sales
-
Buyer's Agent in 2024
Chris Blasczak
Liberty Residential Realty, LLC
(978) 490-0906
1 in this area
97 Total Sales
-
Seller's Agent in 2014
Gary Blattberg
RE/MAX
(978) 882-4469
2 in this area
128 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.
Nearby Homes
- 3 Saltonstall Pkwy
- 9 Hancock St
- 24 Cabot St Unit 1
- 232 Lafayette St
- 88 Congress St Unit 6
- 2A Hazel St Unit 3
- 18 Ropes St Unit 1L
- 12 Summit Ave Unit 1
- 33 Harbor St
- 6R Hazel Terrace Unit 6
- 8 Ward St
- 69 Harbor St
- 256 Lafayette St Unit 3
- 16 Glover St Unit 3
- 102 Margin St
- 56 Peabody St Unit 2W
- 20 Willow Ave Unit 1
- 275 Lafayette St
- 21 Laurel St
- 43 Endicott St