$530,000
SOLD NOV 8, 2016
6 Beds
3 Baths
3,539 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$150 Per Sq Ft

5 Days on Market

About This Home

As of December 2022

Gorgeous multi family home in the Heart of Historic Salem. First floor has a spacious kitchen, dining room, full bath with walk in shower, large living room and 2 generous sized bedrooms and a cozy 3 season porch. Second floor unit offers updated kitchen with gas cooking, farmers sink, newer appliances and plenty of room for dining. Formal dining room, full bath, large master and spacious second bedroom as well as beautiful large deck perfect for entertaining and relaxing. Third floor unit has surprisingly high ceilings, 2 large bedrooms and full bath. First and second floor are appointed with 9 foot ceilings, and beautiful wide pine flooring. Large walkout basement with ample storage, laundry and workshop. 6 car off street parking, beautiful yard and soaking pool. Just moments from Salem Commons, Collins Cove and Downtown Salem as well as Commuter Rail. Home is listed with the city as a Two Family Home. Showings to begin at FIRST OPEN HOUSE SUNDAY SEPTEMBER 25, 12:00 - 1:30.

Last Agent to Sell the Property

Sarah Myles-Lennox

MerryFox Realty Listed on: 09/22/2016

Last Buyer's Agent

Sarah Myles-Lennox

MerryFox Realty Listed on: 09/22/2016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,054

Year Built

1880

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Property Type: Multi-family
  • Other Agent: 1.00
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1880

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 14
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, House of Worship, Marina, Private School, Public School, T-Station, University
  • Electric: 100 Amps
  • Flooring: Hardwood
  • Basement: Full, Interior Access
  • Total Levels: 3

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Porch - Enclosed, Deck - Wood, Patio, Hot Tub/Spa, Garden Area
  • Foundation: Fieldstone
  • Beach: Harbor, Ocean, Walk to
  • Beach Ownership: Public

Garage/Parking

  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 6

Utilities

  • Hot Water: Oil
  • Utility Connections: for Gas Range, for Gas Oven
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 3

Lot Info

  • Assessor Parcel Number: M:35 L:0460
  • Zoning: R2

Multi Family

  • Heat Units: 3
  • Total Bedrooms: 6
  • Total Floors: 6
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2016
Closed on
Nov 8, 2016
Sold by
Favazza Joseph A and Favazza Louise
Bought by
Boardwoman Llc
Seller's Agent
Sarah Myles-Lennox
MerryFox Realty
Buyer's Agent
Sarah Myles-Lennox
MerryFox Realty
List Price
$529,000
Sold Price
$530,000
Premium/Discount to List
$1,000
0.19%
Current Estimated Value
$1,058,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$528,589
Avg. Annual Appreciation
8.31%
Original Mortgage
$397,500
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 2014
Sold by
Macfarlane Eric N
Bought by
Macfarlane Kerrie A

Purchase Details

Closed on
Jan 16, 2013
Sold by
Macfarlane Eric N and Macfarlane Kerrie A
Bought by
Favazza Joseph A and Favazza Louise

Purchase Details

Closed on
Nov 9, 2010
Sold by
Favazza Joseph A and Macfarlane Eric N
Bought by
Macfarlane Eric N and Macfarlane Kerrie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,000
Interest Rate
4.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 9, 2009
Sold by
Favazza Joseph A and Favazza Louise
Bought by
Favazza Joseph A

Purchase Details

Closed on
Aug 29, 1997
Sold by
Malloy Joseph B and Malloy Mary L
Bought by
Favazza Joseph A
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Not Resolvable $530,000 --
Quit Claim Deed -- --
Deed -- --
Deed -- --
Deed -- --
Deed $163,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 Stand Alone Refi Refinance Of Original Loan
Open $419,000 Purchase Money Mortgage
Previous Owner $397,500 Commercial
Previous Owner $191,000 Purchase Money Mortgage
Previous Owner $85,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2022 12/02/22 Sold $812,500 +1.7% $230 / Sq Ft
10/17/2022 10/17/22 Pending -- -- --
10/11/2022 10/11/22 For Sale $799,000 +50.8% $226 / Sq Ft
11/08/2016 11/08/16 Sold $530,000 +0.2% $150 / Sq Ft
09/27/2016 09/27/16 Pending -- -- --
09/22/2016 09/22/16 For Sale $529,000 -- $149 / 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 $10,054 $886,600 $200,100 $686,500
2024 $9,224 $793,800 $190,100 $603,700
2023 $8,963 $716,500 $175,500 $541,000
2022 $8,966 $676,700 $169,700 $507,000
2021 $8,475 $614,100 $158,000 $456,100
2020 $8,202 $567,600 $149,200 $418,400
2019 $8,113 $537,300 $141,600 $395,700
2018 $7,458 $484,900 $134,600 $350,300
2017 $6,006 $378,700 $113,500 $265,200
2016 $5,851 $373,400 $108,200 $265,200
2015 $5,673 $345,700 $99,500 $246,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72071490

MLS Property Information Network (MLS PIN)

APN: SALE-000035-000000-000460