NOT LISTED FOR SALE

Estimated Value: $1,104,000 - $1,348,000

8 Beds
4 Baths
3,708 Sq Ft
$317/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $1,050,000 $283 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $7,002/month

5 Days on Market

Highlights

  • Property is near public transit and schools
  • Park
  • Shops
  • Porch

About This Home

As of November 2023

Great investment or owner occupied opportunity in this 3 unit property conveniently located between Salem State and downtown Salem. New high efficiency heating systems for 2 of the units. Separate utilities, laundry in basement, well maintained throughout. Long history of high rents. Large yard, tons of parking, large shed / storage garage. Hardwood floors, tall ceilings, and beautiful entryway. This is a great opportunity to own an investment property that truly makes sense today and into the future.

Last Agent to Sell the Property

Merry Fox Team

MerryFox Realty Listed on: 10/05/2023

Co-Listed By

Dan Fox

MerryFox Realty

Last Buyer's Agent

ZAHIDUL ISLAM

Cameron Prestige, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,439

Year Built

  • Built in 1868

Lot Details

  • 0.26 Acre Lot
  • Irregular Lot

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,708 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

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

Additional Features

  • Porch
  • Property is near public transit and schools
  • 3 Heating Zones

Listing and Financial Details

  • Total Actual Rent $8,420
  • Tax Block 0198
  • Assessor Parcel Number 3301980,2134745

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Recreation

  • Park

Additional Features

  • Shops
  • Net Operating Income $101,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,439

Year Built

Built in 1868

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1868
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Appliances: Washer, Dryer
  • Total Bedrooms: 8
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full
  • Living Area: 3708
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: C95279
  • MAIN SO: AN4281

Exterior Features

  • Exterior Features: Porch
  • Construction Materials: Frame
  • Foundation Details: Irregular
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Beach Access, Harbor, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: 3301980,2134745
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.26
  • Lot Size Sq Ft: 11374
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9439
  • Tax Block: 0198
  • Tax Lot: 0

Multi Family

  • Net Operating Income: 101040
  • Number Of Units Total: 3
  • Total Actual Rent: 8420
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2021
Sold by
Dionne Richard E and Dionne Susan A
Bought by
Dionne Ft 2021 and Dionne
Current Estimated Value
$1,174,865
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dionne Ft 2021 -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2023 11/30/23 Sold $1,050,000 -4.5% $283 / Sq Ft
10/11/2023 10/11/23 Pending -- -- --
10/05/2023 10/05/23 For Sale $1,100,000 -- $297 / 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 $11,039 $973,500 $237,900 $735,600
2024 $9,749 $839,000 $226,100 $612,900
2023 $9,439 $754,500 $208,700 $545,800
2022 $9,430 $711,700 $201,700 $510,000
2021 $9,024 $653,900 $187,800 $466,100
2020 $8,541 $591,100 $177,400 $413,700
2019 $8,456 $560,000 $168,300 $391,700
2018 $7,641 $496,800 $160,000 $336,800
2017 $7,135 $449,900 $135,000 $314,900
2016 $6,951 $443,600 $128,700 $314,900
2015 $6,763 $412,100 $118,300 $293,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73167172

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000198