Seller's Agent in 2024
Cheryl Colarusso
Keller Williams Realty Boston Northwest
(617) 529-3877
1 in this area
36 Total Sales
21 Nichols St Salem, MA 01970
Gallows Hill NeighborhoodEstimated Value: $520,000 - $590,000
2
Beds
2
Baths
1,280
Sq Ft
$429/Sq Ft
Est. Value
Highlights
- Medical Services
- Cathedral Ceiling
- Corner Lot
- Property is near public transit
- Wood Flooring
- Upgraded Countertops
About This Home
As of June 2024Don't miss this fantastic opportunity! Nestled in the Witchcraft Heights neighborhood of Salem, this beautiful turnkey 2-family home offers both immediate benefits and long-term potential. The first floor has been thoughtfully updated, boasting a brand-new kitchen, bathroom, and fresh paint. Meanwhile, the second floor exudes charm with beautifully restored hardwood floors, a sleek modern kitchen featuring new appliances, and a stunning granite bar countertop. Major updates completed, including a new roof, updated electric system, and vinyl siding, along with separate utilities for each unit. Whether you're an investor looking to maximize income potential by renting out both units or a homeowner seeking to offset mortgage costs by living in one unit while renting out the other, this is for you! First floor to be delivered vacant, 2nd floor lease ends Aug. 31st (tenant wishes to remain). Enjoy easy access to the commuter rail, waterfront, and downtown!
Last Agent to Sell the Property
Keller Williams Realty Boston Northwest Listed on: 04/04/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,011
Year Built
- Built in 1961
Lot Details
- 2,648 Sq Ft Lot
- Fenced
- Corner Lot
Home Design
- Duplex
- Frame Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,280 Sq Ft Home
- Property has 1 Level
- Cathedral Ceiling
- Insulated Windows
- Insulated Doors
- Combination Dining and Living Room
- Basement Fills Entire Space Under The House
- Storm Doors
- Washer and Electric Dryer Hookup
Kitchen
- Range
- ENERGY STAR Qualified Refrigerator
- ENERGY STAR Qualified Dishwasher
- Upgraded Countertops
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Parking
- 2 Car Parking Spaces
- Tandem Parking
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Rain Gutters
- Porch
Location
- Property is near public transit
- Property is near schools
Schools
- Witchcraft Elementary School
- Collins Middle School
- Salem High School
Utilities
- No Cooling
- 2 Heating Zones
- Heating System Uses Natural Gas
- 220 Volts
Listing and Financial Details
- Total Actual Rent $3,550
- Rent includes unit 1(water other (see remarks)), unit 2(water other (see remarks))
- Assessor Parcel Number M:15 L:0239,2128671
Community Details
Amenities
- Medical Services
- Shops
Additional Features
- 2 Units
- Net Operating Income $42,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 15, 2022
Sold by
Guidi Scott
Bought by
Gallows Hl Apartments Llc
Current Estimated Value
Purchase Details
Listed on
Apr 7, 2021
Closed on
Jun 30, 2021
Sold by
Despo Jennifer M and Despo Jesse
Bought by
Prior Kimberly
Seller's Agent
Amy Sweeney
MerryFox Realty
Buyer's Agent
Meriah Magri
Keller Williams Realty Boston Northwest
List Price
$495,000
Sold Price
$499,000
Premium/Discount to List
$4,000
0.81%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.34%
Original Mortgage
$374,250
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 4, 2017
Sold by
Despo Jesse
Bought by
Despo Jesse and Despo Jennifer M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3.63%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Apr 25, 2003
Sold by
Langlais Louise
Bought by
Despo Jesse
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,100
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gallows Hl Apartments Llc | -- | None Available | |
| Gallows Hl Apartments Llc | -- | None Available | |
| Prior Kimberly | $499,000 | None Available | |
| Despo Jesse | -- | -- | |
| Despo Jesse | -- | -- | |
| Despo Jesse | -- | -- | |
| Despo Jesse | $257,000 | -- | |
| Despo Jesse | $257,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Prior Kimberly | $374,250 | |
| Previous Owner | Despo Jesse | $260,000 | |
| Previous Owner | Despo Jesse | $210,000 | |
| Previous Owner | Despo Jesse | $40,000 | |
| Previous Owner | Despo Jesse | $244,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/05/2024 06/05/24 | Sold | $505,000 | -4.5% | $395 / Sq Ft |
| 05/10/2024 05/10/24 | Pending | -- | -- | -- |
| 05/08/2024 05/08/24 | Price Changed | $529,000 | 0.0% | $413 / Sq Ft |
| 05/08/2024 05/08/24 | For Sale | $529,000 | -3.8% | $413 / Sq Ft |
| 04/24/2024 04/24/24 | Pending | -- | -- | -- |
| 04/19/2024 04/19/24 | Price Changed | $549,900 | -4.3% | $430 / Sq Ft |
| 04/10/2024 04/10/24 | Price Changed | $574,900 | -4.0% | $449 / Sq Ft |
| 04/04/2024 04/04/24 | For Sale | $599,000 | +20.0% | $468 / Sq Ft |
| 06/30/2021 06/30/21 | Sold | $499,000 | +0.8% | $390 / Sq Ft |
| 04/21/2021 04/21/21 | Pending | -- | -- | -- |
| 04/07/2021 04/07/21 | For Sale | $495,000 | -- | $387 / 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 | $6,082 | $536,300 | $193,100 | $343,200 |
| 2024 | $6,011 | $517,300 | $183,500 | $333,800 |
| 2023 | $5,830 | $466,000 | $169,400 | $296,600 |
| 2022 | $6,000 | $452,800 | $163,800 | $289,000 |
| 2021 | $5,291 | $383,400 | $152,500 | $230,900 |
| 2020 | $5,192 | $359,300 | $144,000 | $215,300 |
| 2019 | $5,151 | $341,100 | $136,700 | $204,400 |
| 2018 | $4,808 | $312,600 | $129,900 | $182,700 |
| 2017 | $4,465 | $281,500 | $109,600 | $171,900 |
| 2016 | $4,331 | $276,400 | $104,500 | $171,900 |
| 2015 | $4,198 | $255,800 | $96,000 | $159,800 |
Source: Public Records
Agents Affiliated with this Home
-
Cheryl Colarusso
-
Alexander Colarusso
A
Buyer's Agent in 2024
Alexander Colarusso
Colarusso Realty
(617) 960-7731
1 in this area
45 Total Sales
-
Amy Sweeney
A
Seller's Agent in 2021
Amy Sweeney
MerryFox Realty
1 in this area
6 Total Sales
-
Stephen O'Connell
S
Seller Co-Listing Agent in 2021
Stephen O'Connell
MerryFox Realty
(978) 740-0008
2 in this area
14 Total Sales
-
Meriah Magri
Buyer's Agent in 2021
Meriah Magri
Keller Williams Realty Boston Northwest
(781) 789-6632
1 in this area
4 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73219947
APN: SALE-000015-000000-000239
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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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