22 Prescott St Salem, MA 01970
Broad Street Neighborhood
6
Beds
3
Baths
2,594
Sq Ft
4,169
Sq Ft Lot
Highlights
- Marina
- Property is near public transit
- Porch
- Medical Services
- Jogging Path
- 3-minute walk to Bunny Puttman Park
About This Home
As of May 2025This 2-unit multi-family home offers a fantastic opportunity for a complete renovation or a condo conversion project. Ideal for investors, contractors or developers, this property has the potential to generate income as a rental or be transformed into two individual condo units, in a highly desirable Salem location. Just minutes from Salem’s vibrant shops, restaurants, art galleries, museums, beaches, hiking trails, campgrounds, as well as convenient commuter options via the rail and ferry. Don’t miss this chance to reimagine and revitalize a piece of Salem’s history. Whether you’re looking to create an income-generating property or sell custom condos, this is a rare opportunity to make your mark in one of New England’s most sought-after cities!
Last Agent to Sell the Property
Lento + Rivkind Real Estate Team
Coldwell Banker Realty - Boston Listed on: 01/08/2025
Last Buyer's Agent
Lento + Rivkind Real Estate Team
Coldwell Banker Realty - Boston Listed on: 01/08/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,174
Year Built
- Built in 1915
Home Design
- Duplex
Interior Spaces
- 2,594 Sq Ft Home
- Property has 1 Level
- Unfinished Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Parking
- 2 Car Parking Spaces
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Additional Features
- Porch
- 4,169 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number M:25 L:0526,2131932
Community Details
Overview
- 2 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Park
- Jogging Path
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 8, 2025
Closed on
Apr 30, 2025
Sold by
Cosimati Isaia Est and Mcavoy
Bought by
22 Prescott St Cbc Llc
Seller's Agent
Lento + Rivkind Real Estate Team
Coldwell Banker Realty - Boston
Buyer's Agent
Lento + Rivkind Real Estate Team
Coldwell Banker Realty - Boston
List Price
$699,000
Sold Price
$650,000
Premium/Discount to List
-$49,000
-7.01%
Views
60
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,407
Avg. Annual Appreciation
8.34%
Original Mortgage
$925,044
Outstanding Balance
$922,603
Interest Rate
6.67%
Mortgage Type
Construction
Estimated Equity
-$255,196
Similar Homes in Salem, MA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Fiduciary Deed | $650,000 | None Available | |
| Fiduciary Deed | $650,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $925,044 | Construction | |
| Closed | $925,044 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/01/2025 05/01/25 | Sold | $650,000 | -7.0% | $251 / Sq Ft |
| 01/15/2025 01/15/25 | Pending | -- | -- | -- |
| 01/08/2025 01/08/25 | For Sale | $699,000 | -- | $269 / 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 | $7,496 | $661,000 | $200,900 | $460,100 |
| 2024 | $7,174 | $617,400 | $190,900 | $426,500 |
| 2023 | $6,932 | $554,100 | $176,300 | $377,800 |
| 2022 | $7,127 | $537,900 | $170,400 | $367,500 |
| 2021 | $6,762 | $490,000 | $158,600 | $331,400 |
| 2020 | $6,622 | $458,300 | $149,800 | $308,500 |
| 2019 | $6,558 | $434,300 | $142,200 | $292,100 |
| 2018 | $6,067 | $394,500 | $135,100 | $259,400 |
| 2017 | $5,662 | $357,000 | $114,000 | $243,000 |
| 2016 | $5,511 | $351,700 | $108,700 | $243,000 |
| 2015 | $5,356 | $326,400 | $99,900 | $226,500 |
Source: Public Records
Agents Affiliated with this Home
-
Lento + Rivkind Real Estate Team
L
Seller's Agent in 2025
Lento + Rivkind Real Estate Team
Coldwell Banker Realty - Boston
(617) 755-5804
1 in this area
30 Total Sales
-
Stephanie Rivkind
Seller Co-Listing Agent in 2025
Stephanie Rivkind
Coldwell Banker Realty - Boston
(617) 699-9823
1 in this area
89 Total Sales
-
Nick Lento
Seller Co-Listing Agent in 2025
Nick Lento
Coldwell Banker Realty - Boston
(617) 755-5804
1 in this area
113 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73324257
APN: SALE-000025-000000-000526
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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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