NOT LISTED FOR SALE
8 Beds
4 Baths
3,363 Sq Ft
2,949 Sq Ft Lot

Sale Details

Date Sold: June 28, 2024

Last sale price $945,450 $281 Per Sq Ft

13 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Jogging Path
  • Property is near golf course, public transit, and schools
  • Corner Lot
  • 3-minute walk to Patten Park

About This Home

As of June 2024

Turnkey de-leaded investment property with strong rental income and quality long-term TAW tenants. Spacious Victorian era 3-Family located in convenient North Salem, less than a mile from the Salem MBTA Station and Downtown, and just 2 miles from Rt. 128. Ideal unit mix with two large 5 room / 3 bdrm / 1 bath units and one 4 room / 2 bdrm / 1 bath unit. Tenants pay electric and heat. 1st and 3rd floor units renovated 2019, plus new chimneys and brand new coin-op laundry in basement for extra income. New front roof in 2020, and added 3rd parking space and new hot water heater for unit 2 (paid by tenant). Exterior features low maintenance vinyl siding, replacement windows, a sweet little front porch and fenced-in back yard. Off-street parking for 3 cars.

Last Agent to Sell the Property

Gary Blattberg

RE/MAX Beacon Listed on: 05/08/2024

RE/MAX Beacon

Last Buyer's Agent

Vinh Nguyen

Hilltop Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,250

Year Built

  • Built in 1890

Lot Details

  • 2,949 Sq Ft Lot
  • Corner Lot
  • Garden

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,363 Sq Ft Home
  • Insulated Windows
  • Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Pine Flooring
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • 4 Heating Zones
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Separate Meters
  • 100 Amp Service

Additional Features

  • Rain Gutters
  • Property is near golf course, public transit, and schools

Listing and Financial Details

  • Total Actual Rent $6,600
  • Rent includes unit 1(water hot water), unit 2(none), unit 3(hot water)
  • Assessor Parcel Number M:17 L:0311,2129724

Community Details

Overview

  • 3 Units
  • Near Conservation Area
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $252
  • Insurance Expense $3,150
  • Water Sewer Expense $1,465
  • Operating Expense $14,580
  • Net Operating Income $66,070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,250

Year Built

Built in 1890

Lot Details

2,949 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1890
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 6

Interior Features

  • Flooring: Wood, Vinyl, Varies, Pine, Vinyl / VCT
  • Interior Amenities: Bathroom With Tub & Shower, Remodeled, Upgraded Cabinets, Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
  • Total Bedrooms: 8
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full, Finished, Walk-Out Access, Interior Entry, Concrete
  • Living Area: 3363
  • Spa YN: No
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: AN8171
  • MAIN SO: AN0328

Exterior Features

  • Exterior Features: Rain Gutters, Garden
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Driveway
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: None
  • Heating: Forced Air, Natural Gas, Individual, Central
  • Cooling Y N: No
  • Electric: Circuit Breakers, 100 Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: SESD
  • HEAT UNITS: 4
  • HEAT ZONES: 4
  • COOLING ZONES: 0
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, House of Worship, Private School, Public School, T-Station, University, Sidewalks
  • Rent Includes: Unit 1(Water,Hot Water), Unit 2(None), Unit 3(Hot Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1465

Lot Info

  • Parcel Number: M:17 L:0311,2129724
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 2949
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8250

Multi Family

  • Electric Expense: 252
  • Insurance Expense: 3150
  • Net Operating Income: 66070
  • Number Of Units Total: 3
  • Operating Expense: 14580
  • Total Actual Rent: 6600
  • LEVELS 1: 1
  • Basement Included Sq Ft: Yes
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2025
Sold by
Bought by

Purchase Details

Listed on
May 8, 2024
Closed on
Jun 28, 2024
Sold by
Bought by
Seller's Agent
Gary Blattberg
RE/MAX Beacon
Buyer's Agent
Vinh Nguyen
Hilltop Realty
List Price
$950,000
Sold Price
$945,450
Premium/Discount to List
-$4,550
-0.48%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,000
Interest Rate
0.0702%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 20, 2018
Closed on
Nov 15, 2018
Sold by
Bought by
Seller's Agent
Jim Armstrong
Aluxety
Buyer's Agent
Gary Blattberg
RE/MAX Beacon
List Price
$539,000
Sold Price
$561,000
Premium/Discount to List
$22,000
4.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.73%
Original Mortgage
$448,800
Interest Rate
0.047%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 1984
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
$945,450 None Available
$561,000 --
$127,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $567,000
Previous Owner $562,500
Previous Owner $448,800
Previous Owner $125,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/28/2024 06/28/24 Sold $945,450 -0.5% $281 / Sq Ft
05/22/2024 05/22/24 Pending -- -- --
05/08/2024 05/08/24 For Sale $950,000 +69.3% $282 / Sq Ft
11/14/2018 11/14/18 Sold $561,000 +4.1% $167 / Sq Ft View Prior Sale
09/26/2018 09/26/18 Pending -- -- --
09/20/2018 09/20/18 For Sale $539,000 -- $160 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,094 $801,900 $194,700 $607,200
2024 $8,250 $710,000 $185,000 $525,000
2023 $8,008 $640,100 $170,800 $469,300
2022 $7,967 $601,300 $165,100 $436,200
2021 $7,787 $564,300 $153,700 $410,600
2020 $7,430 $514,200 $145,200 $369,000
2019 $7,138 $472,700 $137,800 $334,900
2018 $6,509 $423,200 $130,900 $292,300
2017 $6,252 $394,200 $110,400 $283,800
2016 $6,097 $389,100 $105,300 $283,800
2015 $6,106 $372,100 $96,800 $275,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73234987

MLS Property Information Network (MLS PIN)
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