NOT LISTED FOR SALE
10 Beds
6 Baths
4,095 Sq Ft
3,049 Sq Ft Lot

Sale Details

Date Sold: December 10, 2021

Last sale price $1,080,000 $264 Per Sq Ft

23 Days on Market

About This Home

As of December 2021

New investment opportunity in Salem! This 6 family has five 2 bedrooms and one studio apartment. One high efficiency heating system services all units. Tenants pay for electric. Includes one small driveway that can fit two cars tandem. Please see attached paperclip document for detailed income and expenses as well as a rent roll.

Last Agent to Sell the Property

Francesca Little

Little & Co., REALTORS® Listed on: 09/07/2021

Last Buyer's Agent

Oye Dosumu

Coldwell Banker Realty - Beverly

Coldwell Banker Realty - Beverly
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1915

Lot Details

  • 3,049

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Year Built

1915

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • Directions: Harbor st to Prince st
  • Garage Yn: No
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1915

Interior Features

  • Appliances: Gas Water Heater
  • MAIN LO: C67600
  • MAIN SO: AN6181
  • Full Bathrooms: 6
  • Total Bedrooms: 10
  • Fireplace: No
  • Flooring: Wood
  • Stories: 9

Exterior Features

  • Roof: Slate
  • Foundation Details: Stone
  • Disclosures: Buyer To Do Their Own Due Diligence To Verify Income And Expenses. Property In The Flood Zone. Annual Flood Insurance Is $1, 700.
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive, Tandem
  • Open Parking: Yes
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 3700

Lot Info

  • LOT SIZE: 3128
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 3049.2
  • Zoning: R3

Multi Family

  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3
  • Electric Expense: 665
  • Annual Gross Income: 99456
  • Insurance Expense: 3500
  • Property Net Operating Income: 71118
  • Number Of Units Total: 6
  • Annual Operating Expense: 23365
  • Total Actual Rent: 8288

Tax Info

  • Tax Annual Amount: 9200
  • Tax Book Number: 27201
  • Tax Year: 2020

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

Listed on
Sep 7, 2021
Closed on
Dec 10, 2021
Sold by
Bought by
Seller's Agent
Francesca Little
Little & Co., REALTORS®
Buyer's Agent
Oye Dosumu
Coldwell Banker Realty - Beverly
List Price
$1,275,000
Sold Price
$1,080,000
Premium/Discount to List
-$195,000
-15.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$864,000
Outstanding Balance
$780,165
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 2020
Sold by
Bought by

Purchase Details

Closed on
Sep 21, 2007
Sold by
Bought by

Purchase Details

Closed on
Aug 25, 1995
Sold by
Bought by

Purchase Details

Closed on
Sep 23, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,080,000 None Available
-- None Available
$305,000 --
$53,000 --
$203,086 --
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
Open $864,000
Previous Owner $162,000
Previous Owner $300,000
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
12/10/2021 12/10/21 Sold $1,080,000 -15.3% $264 / Sq Ft
10/01/2021 10/01/21 Pending -- -- --
09/07/2021 09/07/21 For Sale $1,275,000 -- $311 / 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 $12,574 $1,108,800 $145,800 $963,000
2024 $11,248 $968,000 $145,800 $822,200
2023 $10,925 $873,300 $128,700 $744,600
2022 $9,207 $694,900 $120,100 $574,800
2021 $9,027 $654,100 $112,100 $542,000
2020 $8,251 $571,000 $82,600 $488,400
2019 $7,814 $517,500 $72,900 $444,600
2018 $7,116 $462,700 $72,900 $389,800
2017 $6,994 $441,000 $62,200 $378,800
2016 $5,243 $334,600 $62,200 $272,400
2015 $4,570 $278,500 $53,500 $225,000
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72890675

MLS Property Information Network (MLS PIN)
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