NOT LISTED FOR SALE

Estimated Value: $737,000 - $839,000

5 Beds
2 Baths
2,595 Sq Ft
$303/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $629,000 $242 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,961/month

10 Days on Market

Highlights

  • Granite Flooring
  • Post and Beam
  • Laundry Room
  • Waterfront
  • 4 Fireplaces
  • 1-minute walk to Gonyea Park

About This Home

As of October 2021

Don't judge a book by its cover! Yes, it's in need of exterior paint, but the rest is in great shape-including newer gas heating, hot water and roof! And, it's in a fabulous location close to the Salem Common, commuter rail station and Collins Cove Beach (and Pickleball)!!These are spacious units with huge master bedrooms, fireplaces and beautiful details. Both units offer 5 rooms, with the first floor having an open dining room/den along with 2 bedrooms. The second floor has 3 bedrooms plus a cool walk-up attic! Hardwood floors, high ceilings, In-unit laundry, modern fully-applianced kitchens and lots of replacement windows make them desirable rental or owner occupied apartments. PLUS there is parking for 4 cars and a 2 car garage for storage. Don't miss out on seeing the interior by just driving by!!

Last Agent to Sell the Property

Pam McKee

Keller Williams Realty Evolution Listed on: 08/18/2021

Keller Williams Realty Evolution

Last Buyer's Agent

Pam McKee

Keller Williams Realty Evolution Listed on: 08/18/2021

Keller Williams Realty Evolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,249

Year Built

  • Built in 1810

Lot Details

  • 4,356 Sq Ft Lot
  • Waterfront

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Post and Beam
  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 2,595 Sq Ft Home
  • Property has 1 Level
  • 4 Fireplaces
  • Wood Burning Fireplace
  • Basement Fills Entire Space Under The House

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Granite

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Utilities

  • Heating Available
  • Separate Meters
  • 100 Amp Service
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $1,750
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number 2137167

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $2,200
  • Water Sewer Expense $900
  • Operating Expense $3,100
  • Net Operating Income $21,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,249

Year Built

Built in 1810

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1810
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 2
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood, Unit 1(undefined), Unit 2(Hardwood Floors)
  • Interior Amenities: Unit 1(Pantry,Bathroom With Tub & Shower), Unit 2(Pantry,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace Features: Unit 1(Fireplace - Wood burning), Unit 2(Fireplace - Wood burning)
  • Fireplace YN: Yes
  • Fireplaces: 4
  • Appliances: Unit 1(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer), Unit 2(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer), Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Unit 1 Laundry Room, Unit 2 Laundry Room
  • Basement: Full
  • Living Area: 2595
  • Stories Total: 3
  • MAIN LO: C95098
  • LIST PRICE PER Sq Ft: 242.39
  • PRICE PER Sq Ft: 242.39
  • MAIN SO: C95098

Exterior Features

  • Construction Materials: Post & Beam
  • Foundation Details: Stone, Granite
  • Roof: Shingle
  • Waterfront Features: Beach Front, 1/2 to 1 Mile To Beach
  • Waterfront YN: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Hot Water Baseboard,Gas)
  • Electric: Circuit Breakers, 100 Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: sesd
  • HEAT UNITS: 2

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water), Unit 2(Water)

Fee Information

  • Water Sewer Expenses: 900

Lot Info

  • Parcel Number: 2137167
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4356
  • Lot Size Units: Acres
  • LOT SIZE: 4369
  • PAGE: 24

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6248.64
  • Tax Book Number: 24466

Multi Family

  • Gross Income: 21000
  • Insurance Expense: 2200
  • Net Operating Income: 21000
  • Number Of Units Total: 2
  • Operating Expense: 3100
  • Total Actual Rent: 1750
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2021
Closed on
Oct 1, 2021
Sold by
Maaliki Omaima and Maaliki Samer
Bought by
M & D Enos Ft 2021
Seller's Agent
Pam McKee
Keller Williams Realty Evolution
Buyer's Agent
Pam McKee
Keller Williams Realty Evolution
List Price
$629,000
Sold Price
$629,000
Total Days on Market
10
Current Estimated Value
$785,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,704
Avg. Annual Appreciation
4.84%
Original Mortgage
$503,200
Outstanding Balance
$467,740
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$281,853

Purchase Details

Closed on
Jun 24, 2005
Sold by
Ward Jeffrey B
Bought by
Maaliki Samer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 2004
Sold by
21 Lemon St T
Bought by
Ward Jeffrey B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,100
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
M & D Enos Ft 2021 $629,000 None Available
Maaliki Samer $375,000 --
Ward Jeffrey B $339,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open M & D Enos Ft 2021 $503,200
Previous Owner 21 Lemon St Tr $105,000
Previous Owner 21 Lemon St Tr $300,000
Previous Owner 21 Lemon St Tr $56,250
Previous Owner 21 Lemon St Tr $305,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $629,000 0.0% $242 / Sq Ft
08/29/2021 08/29/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $629,000 -- $242 / 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 $6,856 $604,600 $168,300 $436,300
2024 $6,546 $563,300 $159,400 $403,900
2023 $6,330 $506,000 $147,600 $358,400
2022 $6,467 $488,100 $138,800 $349,300
2021 $6,249 $452,800 $138,800 $314,000
2020 $5,971 $413,200 $119,900 $293,300
2019 $5,907 $391,200 $114,000 $277,200
2018 $5,443 $353,900 $108,700 $245,200
2017 $5,040 $317,800 $88,600 $229,200
2016 $4,906 $313,100 $83,900 $229,200
2015 $4,736 $288,600 $75,600 $213,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72883408

MLS Property Information Network (MLS PIN)

APN: SALE-000036-000000-000042