NOT LISTED FOR SALE

23 Cabot St Salem, MA 01970

South Salem Neighborhood

Estimated Value: $666,000 - $825,000

4 Beds
2 Baths
2,129 Sq Ft
$350/Sq Ft Est. Value

Last Sold November 18, 2015

Last sale price $263,000 $124 Per Sq Ft

Est. 183% increase in value since last sale

Current estimated payment $4,453/month

82 Days on Market

About This Home

As of November 2015

Spacious 2 family in South Salem. Both units have nice size rooms and hardwood floors. Second unit has an enclosed porch and is a townhouse style with 1 bedroom on the second floor and 2 bedrooms on the third level. Copper is missing cash or rehab loan. Separate utilities and detached 2 car garage. First time buyers , complete the "HP" Ready Homeownership course on seller's on-line site. Attach certificate to your offer and request up to 3%clsoing costs assistance! Check seller's site (see "Firm Remarks" and the attached flyer for more details. restrictions apply. Seller requests all offers to be placed at their on-line site.

Last Agent to Sell the Property

Mindy Reichman

Coldwell Banker Realty - Marblehead Listed on: 06/12/2015

Coldwell Banker Realty - Marblehead

Last Buyer's Agent

Jose Reyes

Re-yes Real Estate

Property Details

Home Type

Multi-Family

Year Built

1890

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Other Agent: 3.00
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1890

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 10
  • Amenities: Public Transportation
  • Electric: Fuses
  • Flooring: Wood, Vinyl
  • Basement: Full

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Porch - Enclosed
  • Foundation: Fieldstone, Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking: Off-Street
  • Parking Spaces: 2

Utilities

  • Hot Water: Oil
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Zoning: Mutil Unit

Multi Family

  • Foundation: XXX
  • Total Bedrooms: 4
  • Total Floors: 3
  • Total Full Baths: 2
  • Total Levels: 3
  • Total Rms: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2015
Closed on
Nov 18, 2015
Sold by
Fnma
Bought by
Herrera Raul
Seller's Agent
Mindy Reichman
Coldwell Banker Realty - Marblehead
Buyer's Agent
Jose Reyes
Re-yes Real Estate
List Price
$259,999
Sold Price
$263,000
Premium/Discount to List
$3,001
1.15%
Current Estimated Value
$743,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$480,830
Avg. Annual Appreciation
10.76%
Original Mortgage
$197,250
Outstanding Balance
$155,147
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$589,452

Purchase Details

Listed on
Jun 12, 2015
Closed on
Oct 28, 2015
Sold by
Gagne Dianne C
Bought by
Federal National Mortgage Association
Seller's Agent
Mindy Reichman
Coldwell Banker Realty - Marblehead
Buyer's Agent
Jose Reyes
Re-yes Real Estate
List Price
$259,999
Sold Price
$263,000
Premium/Discount to List
$3,001
1.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,250
Outstanding Balance
$155,147
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$589,452

Purchase Details

Closed on
Sep 29, 1994
Sold by
Jones Virginia M
Bought by
Gagne Albert H and Gagne Dianne

Purchase Details

Closed on
Mar 2, 1992
Sold by
Beaudoin Rose Est
Bought by
Jones Virginia M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Herrera Raul $263,000 --
Federal National Mortgage Association $275,000 --
Gagne Albert H $160,000 --
Jones Virginia M $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herrera Raul $197,250
Previous Owner Jones Virginia M $332,000
Previous Owner Jones Virginia M $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2015 11/18/15 Sold $263,000 +1.2% $124 / Sq Ft
09/02/2015 09/02/15 Pending -- -- --
06/12/2015 06/12/15 For Sale $259,999 -- $122 / 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 $7,220 $636,700 $169,500 $467,200
2024 $6,891 $593,000 $160,600 $432,400
2023 $6,705 $536,000 $148,700 $387,300
2022 $6,630 $500,400 $139,800 $360,600
2021 $6,414 $464,800 $139,800 $325,000
2020 $6,039 $417,900 $120,700 $297,200
2019 $5,983 $396,200 $114,800 $281,400
2018 $5,405 $351,400 $109,400 $242,000
2017 $5,002 $315,400 $89,200 $226,200
2016 $4,869 $310,700 $84,500 $226,200
2015 $4,695 $286,100 $76,100 $210,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Mindy Reichman

    Coldwell Banker Realty - Marblehead

    (978) 745-2004

    1 in this area

    20 Total Sales

    Mindy Reichman
    Section Image
  • Jose Reyes

    Buyer's Agent in 2015

    Jose Reyes

    Re-yes Real Estate

    (781) 883-8300

    35 Total Sales

    Jose Reyes
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71856394

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000228

Massachusetts Essex County Salem 01970 South Salem

23 Cabot St, Salem, MA

Not Listed for Sale

MultiFamily

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