Seller's Agent in 2017
Dan Pouladian
North Shore Realty Advisors
(617) 548-7737
28 Total Sales
256 Jefferson Ave Salem, MA 01970
Castle Hill NeighborhoodEstimated Value: $1,034,000 - $1,133,000
10
Beds
3
Baths
3,597
Sq Ft
$300/Sq Ft
Est. Value
About This Home
As of July 2017Great rental history with this property which has been owned by the same family for almost 40 years.Time for a new owner to come in and increase the value, or just collect the rents as it is a strong cash flowing property. There has been updates throughout the years and as units turn over such as new flooring, newer cabinets, newer appliances, etc. There are lead Certs for all three units. Do not pass this one by as it is a money maker great for first time investors or a seasoned Investor looking to add onto the portfolio.
Last Buyer's Agent
Travis Speck
Redfin Corp.
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$10,133
Year Built
1900
Lot Details
0
Listing Details
- Lot Description: Corner, Level
- Property Type: Multi-family
- Other Agent: 1.00
- Lead Paint: Certified Treated
- Insc: 2750
- Year Built Description: Approximate
- Special Features: None
- Property Sub Type: MultiFamily
- Year Built: 1900
Interior Features
- Has Basement: Yes
- Number of Rooms: 16
- Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Highway Access, Public School
- Electric: 220 Volts
- Energy: Insulated Windows
- Flooring: Wood, Tile, Wall to Wall Carpet
- Basement: Partial, Bulkhead, Dirt Floor
- Full Bathrooms: 3
- Total Levels: 6
- Main Lo: AC0593
- Main So: NB3534
- Estimated Sq Ft: 3597.00
Exterior Features
- Construction: Frame
- Exterior: Vinyl
- Exterior Features: Deck - Wood, Gutters, Fenced Yard
- Foundation: Fieldstone
Garage/Parking
- Parking: Off-Street, On Street Permit
- Parking Spaces: 1
Utilities
- Heat Zones: 3
- Hot Water: Oil
- Utility Connections: for Electric Range, for Electric Oven, Varies per Unit
- Sewer: City/Town Sewer
- Water: City/Town Water
- Electric: 400
- Sewer: 838
Condo/Co-op/Association
- Total Units: 3
Lot Info
- Assessor Parcel Number: 23-0083
- Zoning: 372,100
- Acre: 0.07
- Lot Size: 2951.00
Multi Family
- APOD Available: Yes
- Expenses Year End: 12/16
- Heat Units: 3
- Total Bedrooms: 10
- Total Floors: 6
- Total Full Baths: 3
- Total Levels: 3
- Total Rms: 16
- Total Rent_1: 5550
- Multi Family Type: 3 Family
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 1, 2021
Sold by
Kjr Ft
Bought by
Jefferson Ave Salem Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,835,000
Outstanding Balance
$1,697,656
Interest Rate
3.09%
Mortgage Type
Commercial
Estimated Equity
-$626,323
Purchase Details
Closed on
Sep 22, 2020
Sold by
Kjr Rt
Bought by
Kjr Ft
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 19, 2017
Closed on
Jul 24, 2017
Sold by
Ellis John H
Bought by
Kjr Rt
Seller's Agent
Dan Pouladian
North Shore Realty Advisors
Buyer's Agent
Travis Speck
Redfin Corp.
List Price
$549,900
Sold Price
$575,000
Premium/Discount to List
$25,100
4.56%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.88%
Original Mortgage
$415,000
Interest Rate
3.89%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 1, 1980
Bought by
Ellis John H
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jefferson Ave Salem Llc | $2,550,000 | None Available | |
| Kjr Ft | -- | None Available | |
| Kjr Rt | $575,000 | -- | |
| Ellis John H | $71,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jefferson Ave Salem Llc | $1,835,000 | |
| Previous Owner | Kjr Ft | $510,400 | |
| Previous Owner | Kjr Rt | $415,000 | |
| Previous Owner | Ellis John H | $282,300 | |
| Previous Owner | Ellis John H | $287,000 | |
| Previous Owner | Ellis John H | $45,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2017 07/21/17 | Sold | $575,000 | +4.6% | $160 / Sq Ft |
| 06/21/2017 06/21/17 | Pending | -- | -- | -- |
| 06/19/2017 06/19/17 | For Sale | $549,900 | -- | $153 / 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 | $10,133 | $893,600 | $167,900 | $725,700 |
| 2024 | $9,376 | $806,900 | $167,900 | $639,000 |
| 2023 | $9,122 | $729,200 | $153,700 | $575,500 |
| 2022 | $8,801 | $664,200 | $148,000 | $516,200 |
| 2021 | $8,430 | $610,900 | $139,500 | $471,400 |
| 2020 | $7,745 | $536,000 | $125,200 | $410,800 |
| 2019 | $7,592 | $502,800 | $113,900 | $388,900 |
| 2018 | $6,097 | $396,400 | $105,900 | $290,500 |
| 2017 | $5,902 | $372,100 | $99,600 | $272,500 |
| 2016 | $5,536 | $353,300 | $80,800 | $272,500 |
| 2015 | $5,509 | $335,700 | $80,800 | $254,900 |
Source: Public Records
Agents Affiliated with this Home
-
Dan Pouladian
-
Travis Speck
T
Buyer's Agent in 2017
Travis Speck
Redfin Corp.
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72184488
APN: SALE-000023-000000-000083
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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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