NOT LISTED FOR SALE

Estimated Value: $784,000 - $1,019,000

4 Beds
3 Baths
2,830 Sq Ft
$307/Sq Ft Est. Value

Last Sold November 01, 2024

Last sale price $800,000 $283 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,206/month

7 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Wood Flooring
  • 0.16 Acre Lot
  • Cathedral Ceiling
  • 2-minute walk to Collins Cove Beach

About This Home

As of November 2024

Welcome to 20 Pickman Street - 2-family home nestled in the heart of Historic Salem. Boasting a classic layout all sitting on an oversized lot. Each apt features 2 spacious BRs & ample living space. Owner's apt, spanning the 2nd & 3rd floors, includes 2 full baths, offering a private & expansive retreat. 1st floor apt is equally charming w/ wide pine floors, crown moldings, & fireplace. Be enchanted by the timeless charm - exposed brick, decorative moldings, elegant curved stairs, high ceilings, hardwood floors, built-ins, fireplaces, loft area, & beamed ceilings. Outside, a huge, fenced back yard perfect for entertaining/relaxation, & a patio. 2 driveways for convenient off-street parking. Ideally located for all that Salem has to offer. Prime location to Downtown Salem, Commuter Rail, Salem Common, Collins Cove Beach, & restaurants. Immerse yourself in the rich history & vibrant community & potential rental income. Don’t miss out on this remarkable opportunity!

Last Agent to Sell the Property

Robert Del Greco

Compass Listed on: 09/12/2024

Compass

Last Buyer's Agent

Robert Del Greco

Compass Listed on: 09/12/2024

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,451

Year Built

  • Built in 1817

Lot Details

  • 7,148 Sq Ft Lot
  • Fenced

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,830 Sq Ft Home
  • Property has 1 Level
  • Crown Molding
  • Cathedral Ceiling
  • Skylights
  • 4 Fireplaces
  • Wood Burning Fireplace
  • Living Room
  • Dining Room
  • Home Office
  • Loft
  • Interior Basement Entry

Kitchen

  • Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Tandem Parking
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Walking Distance to Water
  • Patio

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $5,400
  • Assessor Parcel Number M:35 L:0550,2137042

Community Details

Amenities

  • Medical Services
  • Coin Laundry

Recreation

  • Jogging Path
  • Bike Trail

Additional Features

  • 2 Units
  • Net Operating Income $63,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,451

Year Built

Built in 1817

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1817
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile, Hardwood, Wood
  • Interior Amenities: Crown Molding, Cathedral/Vaulted Ceilings, Living Room, Kitchen, Dining Room, Loft, Office/Den
  • Fireplace Features: Wood Burning
  • Fireplace YN: Yes
  • Fireplaces: 4
  • Appliances: Range, Refrigerator, Dishwasher
  • Total Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Interior Entry
  • Living Area: 2830
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Picture Window, Skylight(s)
  • MAIN LO: AN2383
  • MAIN SO: AN2383

Exterior Features

  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Patio
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, Walk to, 1/10 to 3/10 To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Tandem, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Heating: Natural Gas, Hot Water
  • Electric: Fuses, Circuit Breakers, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Public School, T-Station, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:35 L:0550,2137042
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 7148
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7451

Multi Family

  • Net Operating Income: 63000
  • Number Of Units Total: 2
  • Total Actual Rent: 5400
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2013
Sold by
Lane Sean T and Lane Michelle A
Bought by
Lane Sean T
Current Estimated Value
$867,462

Purchase Details

Closed on
Dec 8, 1995
Sold by
Kiley Kevin M and Kiley Mary
Bought by
Lane Michelle and Lane Sean
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Lane Sean T -- --
Lane Sean T -- --
Lane Michelle $177,500 --
Lane Michelle $177,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lane Michelle $292,327
Previous Owner Lane Michelle $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2024 11/01/24 Sold $800,000 +1.3% $283 / Sq Ft
09/19/2024 09/19/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $789,900 -- $279 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $7,868 $693,800 $216,200 $477,600
2024 $7,451 $641,200 $205,500 $435,700
2023 $7,216 $576,800 $189,700 $387,100
2022 $7,427 $560,500 $183,400 $377,100
2021 $7,057 $511,400 $170,700 $340,700
2020 $6,935 $479,900 $161,200 $318,700
2019 $6,874 $455,200 $153,000 $302,200
2018 $6,375 $414,500 $145,400 $269,100
2017 $5,951 $375,200 $122,700 $252,500
2016 $5,790 $369,500 $117,000 $252,500
2015 $5,635 $343,400 $107,500 $235,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73289611

MLS Property Information Network (MLS PIN)

APN: SALE-000035-000000-000550