NOT LISTED FOR SALE

Estimated Value: $796,000 - $860,000

5 Beds
2.5 Baths
2,520 Sq Ft
$331/Sq Ft Est. Value

Last Sold January 20, 2023

Last sale price $700,000 $278 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,233/month

11 Days on Market

Highlights

  • Marina
  • Waterfront
  • Property is near public transit
  • Medical Services
  • Deck
  • 2-minute walk to Forest River Park

About This Home

As of January 2023

MULTIPLE OFFER NOTIFICATION. Best and final offers due 11/16 at 12pm with seller’s response by 11/17 at 5pm. Located moments from Forest River Park, this well-maintained two family, is ideal for either an investor or an owner-occupant. The first-floor unit, features 2 bedrooms, 1 bathroom, high ceilings, and in-unit laundry. The second unit features 3 beds, 1.5 baths, a spacious open living area, in-unit laundry, and plenty of light. More features include separate heating and electrical, replacement windows, a large composite deck, and vinyl siding. Located near Salem State University, and has easy access to Downtown Salem.

Last Agent to Sell the Property

Melissa Weinand

William Raveis R.E. & Home Services Listed on: 11/09/2022

William Raveis R.E. & Home Services

Co-Listed By

Tyson Lynch

The Proper Nest Real Estate

Last Buyer's Agent

Olivares & Molina Team

Realty One Group Nest

Realty One Group Nest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,579

Year Built

  • Built in 1890 | Remodeled

Lot Details

  • 3,598 Sq Ft Lot
  • Waterfront
  • Near Conservation Area
  • Corner Lot

Home Design

  • Duplex
  • Brick Foundation
  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 2,520 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 3 Car Parking Spaces
  • On-Street Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • 3 Heating Zones
  • Heating Available
  • Separate Meters
  • 200+ Amp Service
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $1,385
  • Rent includes unit 1(hot water)
  • Assessor Parcel Number M:32 L:0257,2134355

Community Details

Amenities

  • Medical Services
  • Shops

Recreation

  • Marina
  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Additional Features

  • 2 Units
  • Net Operating Income $16,620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,579

Year Built

Built in 1890 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Property Condition: Unit 2 Remodeled
  • Year Built: 1890
  • Buyer Agency: 2.25
  • Transaction Broker: 0.0
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Flooring: Wood,Tile,Vinyl,Hardwood, Unit 2(Tile Floor,Hardwood Floors,Wall to Wall Carpet)
  • Interior Amenities: Unit 2(Ceiling Fans,Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Family Room,Living RM/Dining RM Combo)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator), Unit 2(Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer,Vent Hood), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections Varies per Unit
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bathrooms: 2.5
  • Laundry Features: Unit 1 Laundry Room, Unit 2 Laundry Room
  • Basement: Full, Interior Entry, Unfinished
  • Living Area: 2520
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: M59500
  • LIST PRICE PER Sq Ft: 277.38
  • PRICE PER Sq Ft: 277.78
  • MAIN SO: AN6420

Exterior Features

  • Foundation Details: Stone, Brick/Mortar
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, On Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, Varies per Unit
  • Cooling: Unit 1(None), Unit 2(None)
  • Heating: Unit 1(Gas), Unit 2(Hot Water Baseboard,Gas)
  • Cooling Y N: No
  • Electric: 200+ Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 3
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Public School, T-Station, University
  • Rent Includes: Unit 1(Hot Water)

Lot Info

  • Parcel Number: M:32 L:0257,2134355
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3598
  • Lot Size Units: Acres
  • PAGE: 530
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6579
  • Tax Book Number: 15326

Multi Family

  • Gross Income: 16620
  • Net Operating Income: 16620
  • Number Of Units Total: 2
  • Total Actual Rent: 1385
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2019
Sold by
Crowder Nancy P
Bought by
Nancy P Crower T
Current Estimated Value
$835,668

Purchase Details

Closed on
Dec 15, 1998
Sold by
Wood Paul M and Wood Elizabeth A
Bought by
Crowder Nancy P

Purchase Details

Closed on
Apr 30, 1990
Sold by
Jeffery Ft
Bought by
Wood Paul M
Source: Public Records

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 Buyer Sale Price Title Company
Nancy P Crower T -- --
Crowder Nancy P $170,000 --
Wood Paul M $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Yanira $595,000
Closed Martinez Yanira $15,000
Previous Owner Crowder Nancy P $155,000
Previous Owner Crowder Nancy P $50,000
Previous Owner Crowder Nancy P $40,000
Previous Owner Wood Paul M $30,000
Previous Owner Wood Paul M $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2023 01/20/23 Sold $700,000 +0.1% $278 / Sq Ft
11/21/2022 11/21/22 Pending -- -- --
11/09/2022 11/09/22 For Sale $699,000 -- $277 / 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 $7,890 $695,800 $198,000 $497,800
2024 $7,554 $650,100 $188,200 $461,900
2023 $7,009 $560,300 $173,700 $386,600
2022 $6,579 $496,500 $167,900 $328,600
2021 $6,251 $453,000 $156,300 $296,700
2020 $5,945 $411,400 $147,600 $263,800
2019 $5,892 $390,200 $140,100 $250,100
2018 $5,477 $356,100 $133,200 $222,900
2017 $5,099 $321,500 $112,300 $209,200
2016 $4,956 $316,300 $107,100 $209,200
2015 $4,813 $293,300 $98,400 $194,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73056670

MLS Property Information Network (MLS PIN)

APN: SALE-000032-000000-000257