NOT LISTED FOR SALE

Estimated Value: $691,000 - $874,000

5 Beds
2 Baths
1,630 Sq Ft
$466/Sq Ft Est. Value

Last Sold October 26, 2018

Last sale price $470,000 $288 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $4,640/month

4 Days on Market

Highlights

  • Deck
  • Fenced Yard
  • Balcony
  • Wood Flooring

About This Home

As of October 2018

Beautiful two family home located in South Salem across from Salem State University. Situated only a mile from the Commuter Rail and a 15 minute walk to downtown, the location couldn't be any better! The first floor owner's unit has been well maintained with one bedroom on the first floor and a second bedroom in the newly finished basement. The second floor unit has been recently renovated with an attractive kitchen and 3 bedrooms, plus a walk out balcony. The second unit is currently rented for $2,000 per month through 5/2019. There are plenty of windows and natural light throughout to compliment the gleaming hardwood floors. The home provides a large, fenced in backyard, 3 driveway parking spots plus one parking spot in the garage. This two family would be perfect for an investor or owner-occupant!

Last Agent to Sell the Property

Daniel Weber

Calabria Properties, LLC Listed on: 09/12/2018

Last Buyer's Agent

Gene Bernshtein

Rise Signature Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,346

Year Built

  • Built in 1928

Lot Details

  • 6,098

Parking

  • 1 Car Garage

Flooring

  • Wood
  • Tile

Outdoor Features

  • Balcony
  • Deck
  • Rain Gutters

Additional Features

  • Fenced Yard
  • Natural Gas Water Heater
  • Basement

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,346

Year Built

Built in 1928

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 294.41
  • Comp Based On: Net Sale Price
  • Year Built: 1928
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1928

Interior Features

  • Flooring: Wood, Tile
  • Total Flrs: 3
  • No Bedrooms: 5
  • Total Brs: 5
  • Full Bathrooms: 2
  • Total Fbh: 2
  • No Rooms: 12
  • Basement: Y
  • Basement Features: Partially Finished, Interior Access, Bulkhead
  • Main Lo: NH0068
  • Main So: AN2424
  • Estimated Sq Ft: 1630.00

Exterior Features

  • Beachfront Flag: Yes
  • Beach Miles To: 1/2 to 1 Mile
  • Exterior: Aluminum
  • Exterior Features: Deck - Wood, Balcony, Gutters, Fenced Yard
  • Foundation: Poured Concrete

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 4
  • Garage Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 200 Amps
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, T-Station, University

Lot Info

  • Assessments: 414000.00
  • Acre: 0.14
  • Lot Size: 5895.00
  • Page: 362
  • Zoning: R2
  • Lot Description: Paved Drive, Fenced/Enclosed, Level

Multi Family

  • Total Levels: 3
  • Total Rent: 2000
  • Total Rms: 12
  • No Units: 2
  • Mf Type: 2 Family - 2 Units Up/Down

Tax Info

  • Taxes: 4732.43
  • Assessor Parcel Number: 2134123

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2018
Closed on
Oct 26, 2018
Sold by
Weber Amanda and Weber Daniel
Bought by
Penso Timothy W
Seller's Agent
Daniel Weber
Calabria Properties, LLC
Buyer's Agent
Gene Bernshtein
Rise Signature Homes
List Price
$479,888
Sold Price
$470,000
Premium/Discount to List
-$9,888
-2.06%
Current Estimated Value
$759,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$289,724
Avg. Annual Appreciation
7.18%
Original Mortgage
$461,487
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 6, 2017
Closed on
Oct 2, 2017
Sold by
Dube Collette
Bought by
Weber Daniel
Seller's Agent
Connolly Gallo Team
RE/MAX 360
Buyer's Agent
Daniel Weber
Calabria Properties, LLC
List Price
$329,900
Sold Price
$370,000
Premium/Discount to List
$40,100
12.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.05%
Original Mortgage
$385,589
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
May 10, 2013
Sold by
Dube Collette
Bought by
Dube Collette

Purchase Details

Closed on
Oct 4, 1993
Sold by
Broadway Trust
Bought by
Belfiore Anthony J and Cooney Collette
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Penso Timothy W $470,000 --
Weber Daniel $370,000 --
Dube Collette -- --
Belfiore Anthony J $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Penso Timothy W $461,487
Previous Owner Weber Daniel $385,589
Previous Owner Belfiore Anthony J $150,000
Previous Owner Belfiore Anthony J $187,900
Previous Owner Belfiore Anthony J $185,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2018 10/26/18 Sold $470,000 -2.1% $288 / Sq Ft
09/16/2018 09/16/18 Pending -- -- --
09/12/2018 09/12/18 For Sale $479,888 +29.7% $294 / Sq Ft
09/29/2017 09/29/17 Sold $370,000 +12.2% $204 / Sq Ft
07/11/2017 07/11/17 Pending -- -- --
07/06/2017 07/06/17 For Sale $329,900 -- $182 / 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 $7,346 $647,800 $181,000 $466,800
2024 $7,132 $613,800 $181,000 $432,800
2023 $7,042 $562,900 $165,600 $397,300
2022 $7,029 $530,500 $159,500 $371,000
2021 $6,699 $485,400 $150,300 $335,100
2020 $6,370 $440,800 $135,000 $305,800
2019 $5,244 $347,300 $122,700 $224,600
2018 $4,732 $307,700 $114,100 $193,600
2017 $4,577 $288,600 $107,300 $181,300
2016 $4,206 $268,400 $87,100 $181,300
2015 $4,189 $255,300 $87,100 $168,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72394583

MLS Property Information Network (MLS PIN)

APN: SALE-000032-000000-000047