237 Jefferson Ave Salem, MA 01970
Castle Hill Neighborhood
9
Beds
3
Baths
3,778
Sq Ft
5,301
Sq Ft Lot
Highlights
- Marina
- Medical Services
- Wood Flooring
- Golf Course Community
- Property is near public transit
- 4-minute walk to St. Annes Park
About This Home
As of August 2024Turn key triple decker investment gem next to Salem State University, 1 mile to downtown Salem & Commuter Rail, 1/2 mile to schools and a short drive to local amenities. Renovated in 2020 with high efficiency gas heat/ tankless hot water, new plumbing & electrical, new meters, toilets, showers and appliances. Each unit features 3 beds, 1 bath & in-unit laundry with similar layouts and modern kitchens & baths. The building includes generous 2 car parking for each unit in the expansive fenced lot. This is a plug and play investment as an income property or condo conversion. All units rented well below market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,739
Year Built
- Built in 1900
Lot Details
- 5,301 Sq Ft Lot
- Near Conservation Area
- Fenced
- Level Lot
Home Design
- Triplex
- Stone Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 3,778 Sq Ft Home
- Skylights
- Insulated Windows
- Insulated Doors
- Living Room
- Sun or Florida Room
Kitchen
- Range
- Microwave
- Dishwasher
- Solid Surface Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Sump Pump
Parking
- 6 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
- Assigned Parking
Outdoor Features
- Balcony
- Rain Gutters
- Porch
Location
- Property is near public transit
- Property is near schools
Schools
- Hmls Elementary School
- Collins Middle School
- Salem High School
Utilities
- No Cooling
- 3 Heating Zones
- Heating System Uses Natural Gas
- Individual Controls for Heating
- Baseboard Heating
- 100 Amp Service
- High Speed Internet
Listing and Financial Details
- Total Actual Rent $7,695
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Tax Lot 0161
- Assessor Parcel Number 2131223
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Community Pool
- Park
- Jogging Path
- Bike Trail
Building Details
- Insurance Expense $4,956
- Water Sewer Expense $3,200
- Operating Expense $8,816
- Net Operating Income $83,524
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 23, 2021
Closed on
Nov 17, 2021
Sold by
Guarino Anthony and Guarino Antonio
Bought by
237 Jefferson Avenue Llc
Seller's Agent
Lizete Alcalai
RE/MAX Beacon
Buyer's Agent
Dan Bernal
Atlantic Coast Homes,Inc
List Price
$980,000
Sold Price
$980,000
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
$115,228
Avg. Annual Appreciation
2.65%
Original Mortgage
$735,000
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 4, 2019
Sold by
Hudson M T Est
Bought by
Guarino Anthony and Guarino Clelia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Similar Homes in Salem, MA
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $980,000 | None Available | |
| Not Resolvable | $625,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $787,500 | Purchase Money Mortgage | |
| Closed | $787,500 | Purchase Money Mortgage | |
| Closed | $500,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $735,000 | Purchase Money Mortgage | |
| Previous Owner | $400,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/30/2024 08/30/24 | Sold | $1,050,000 | -12.5% | $278 / Sq Ft |
| 07/11/2024 07/11/24 | Pending | -- | -- | -- |
| 05/29/2024 05/29/24 | Price Changed | $1,200,000 | -4.0% | $318 / Sq Ft |
| 03/18/2024 03/18/24 | For Sale | $1,250,000 | +27.6% | $331 / Sq Ft |
| 11/17/2021 11/17/21 | Sold | $980,000 | 0.0% | $259 / Sq Ft |
| 10/08/2021 10/08/21 | Pending | -- | -- | -- |
| 09/23/2021 09/23/21 | For Sale | $980,000 | -- | $259 / 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 | $10,497 | $925,700 | $178,300 | $747,400 |
| 2024 | $9,739 | $838,100 | $178,300 | $659,800 |
| 2023 | $9,473 | $757,200 | $163,200 | $594,000 |
| 2022 | $8,916 | $672,900 | $157,200 | $515,700 |
| 2021 | $8,559 | $620,200 | $148,100 | $472,100 |
| 2020 | $7,387 | $511,200 | $133,000 | $378,200 |
| 2019 | $7,234 | $479,100 | $120,900 | $358,200 |
| 2018 | $6,624 | $430,700 | $112,400 | $318,300 |
| 2017 | $6,407 | $404,000 | $105,800 | $298,200 |
| 2016 | $6,017 | $384,000 | $85,800 | $298,200 |
| 2015 | $5,983 | $364,600 | $85,800 | $278,800 |
Source: Public Records
Agents Affiliated with this Home
-
Dan Bernal
Seller's Agent in 2024
Dan Bernal
Atlantic Coast Homes,Inc
(978) 922-3683
4 in this area
47 Total Sales
-
Lizete Alcalai
Seller's Agent in 2021
Lizete Alcalai
RE/MAX
(617) 535-6782
1 in this area
22 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73211392
APN: SALE-000024-000000-000161
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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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