NOT LISTED FOR SALE

Estimated Value: $2,389,705

11 Beds
7 Baths
4,368 Sq Ft
$547/Sq Ft Est. Value

Last Sold September 04, 2020

Last sale price $730,000 $167 Per Sq Ft

Est. 227% increase in value since last sale

Current estimated payment $13,479/month

2 Days on Market

About This Home

As of September 2020

INCOME POTENTIAL!! Listed by the Salem assessors as a "boarding house." The building has 4368 square feet of "finished area." It currently consists of 11 living units with 5 full baths and 2 half-baths. A number of the units have shared bathroom facilities. The building is in need of EXTENSIVE renovations. The current tenants are all TAW. We will only be doing private showings for the time being and we can only show empty units. Masks required for showings.

Last Agent to Sell the Property

Jack Brown

RE/MAX Beacon Listed on: 07/07/2020

RE/MAX Beacon

Last Buyer's Agent

Mike Becker

Atlantic Coast Homes,Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1800

Lot Details

  • 2,614

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:35 L:0153

Property Details

Home Type

Multi-Family

Year Built

Built in 1800

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 160.23
  • Comp Based On: Net Sale Price
  • Year Built: 1800
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1800

Interior Features

  • No Bedrooms: 11
  • Total Brs: 11
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Fbh: 5
  • Total Hbh: 2
  • Basement: Y
  • Main Lo: AN4471
  • Main So: AC1991
  • Estimated Sq Ft: 4368.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1/2 to 1 Mile
  • Foundation: Fieldstone

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, House of Worship, Marina, Public School, T-Station, University

Lot Info

  • Assessments: 712900.00
  • Acre: 0.06
  • Lot Size: 2688.00
  • Page: 12
  • Parcel Number: M:35 L:0153
  • Zoning: R2

Multi Family

  • Total Rms: 23
  • No Units: 11
  • Mf Type: 5+ Family - Rooming House

Tax Info

  • Taxes: 10301.00
  • Assessor Parcel Number: 2136306

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2024
Sold by
Ocelot Operations Llc
Bought by
9 Lives Properties Llc and Cohen
Current Estimated Value
$2,389,705

Purchase Details

Listed on
Jul 7, 2020
Closed on
Aug 22, 2020
Sold by
2-4 Howard Street T and 2-4 Lenzi
Bought by
Ocelot Operations Llc
Seller's Agent
Jack Brown
RE/MAX Beacon
Buyer's Agent
Mike Becker
Atlantic Coast Homes,Inc
List Price
$699,900
Sold Price
$730,000
Premium/Discount to List
$30,100
4.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.31%
Original Mortgage
$620,000
Interest Rate
3%
Mortgage Type
New Conventional
Source: Public Records

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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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
9 Lives Properties Llc -- None Available
9 Lives Properties Llc -- None Available
Ocelot Operations Llc $730,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ocelot Operations Llc $620,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2020 09/04/20 Sold $730,000 +4.3% $167 / Sq Ft
07/09/2020 07/09/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $699,900 -- $160 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $14,024 $1,236,700 $193,300 $1,043,400
2024 $11,685 $1,005,600 $183,700 $821,900
2023 $11,141 $890,600 $169,600 $721,000
2022 $8,828 $666,300 $163,900 $502,400
2021 $10,651 $771,800 $152,600 $619,200
2020 $10,301 $712,900 $144,200 $568,700
2019 $9,820 $650,300 $136,800 $513,500
2018 $8,834 $574,400 $130,000 $444,400
2017 $8,569 $540,300 $109,700 $430,600
2016 $8,387 $535,200 $104,600 $430,600
2015 $8,451 $515,000 $96,100 $418,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72686280

MLS Property Information Network (MLS PIN)

APN: SALE-000035-000000-000153

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