Juan Jaramillo
(857) 465-4065
60 Total Sales
1 in Castle Hill
$560,000 Price
237 Jefferson Ave Salem, MA 01970
Castle Hill NeighborhoodEstimated Value: $1,031,000 - $1,273,000
9
Beds
3
Baths
3,778
Sq Ft
$297/Sq Ft
Est. Value
Highlights
- Marina
- Property is near golf course, public transit, and schools
- Sun or Florida Room
- Medical Services
- Wood Flooring
- 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.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,739
Year Built
- Built in 1900
Lot Details
- 5,301 Sq Ft Lot
- 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 golf course, public transit, and 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
- Near Conservation Area
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Marina
- 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
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
Mar 18, 2024
Closed on
Aug 30, 2024
Sold by
Bought by
Seller's Agent
Dan Bernal
Atlantic Coast Homes,Inc
Buyer's Agent
Dan Bernal
Atlantic Coast Homes,Inc
List Price
$1,250,000
Sold Price
$1,050,000
Premium/Discount to List
-$200,000
-16%
Views
173
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
$73,521
Avg. Annual Appreciation
3.51%
Original Mortgage
$787,500
Outstanding Balance
$771,728
Interest Rate
6.77%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$351,793
Purchase Details
Listed on
Sep 23, 2021
Closed on
Nov 17, 2021
Sold by
Bought by
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.50%
Original Mortgage
$735,000
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 4, 2019
Sold by
Bought by
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Castle Hill, MA
-
Juan Jaramillo
-
Deborah Purcell
Deborah Purcell
Coldwell Banker Realty - Manchester
(978) 969-4505
5 Total Sales
1 in Castle Hill
$520,000 Price
-
Mary Kelly
Mary Kelly
Century 21 Property Central Inc.
(339) 229-6334
89 Total Sales
1 in Castle Hill
$379,900 Price
-
Kevin Farrar
Kevin Farrar
Responds QuicklyAtlantic Coast Homes,Inc
(978) 778-2196
40 Total Sales
3 in Castle Hill
$500K - $680K Price Range
-
Michael Domingues
MD
Michael Domingues
Responds QuicklyRed Post Realty
(774) 278-5625
85 Total Sales
1 in Castle Hill
$280,500 Price
-
Jim Armstrong
Jim Armstrong
Responds QuicklyAluxety
(351) 666-8685
63 Total Sales
1 in Castle Hill
$913,500 Price
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 |
|---|---|---|---|
| $1,050,000 | None Available | ||
| $980,000 | None Available | ||
| $625,000 | -- |
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 | $787,500 | ||
| Previous Owner | $500,000 | ||
| Previous Owner | $735,000 | ||
| Previous Owner | $400,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
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 | $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
51 Total Sales
-
Lizete Alcalai
Seller's Agent in 2021
Lizete Alcalai
RE/MAX
(617) 535-6782
1 in this area
19 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73211392
APN: SALE-000024-000000-000161
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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