s
Seller's Agent in 2025
steven mallia
RE/MAX
1 in this area
6 Total Sales
28 Bow St Salem, MA 01970
Gallows Hill Neighborhood
4
Beds
2.5
Baths
2,128
Sq Ft
6,761
Sq Ft Lot
Highlights
- Golf Course Community
- Property is near public transit and schools
- Park
- Medical Services
- Jogging Path
- Shops
About This Home
As of September 2025Opportunity Knocks! Two-Family on the Peabody/Salem Line. Investors, contractors, and savvy buyers – bring your vision to this two-family home ideally located on the Peabody/Salem line. This property offers tremendous potential with solid bones and expansion potential, perfect for rental income, multigenerational living, or future resale. Each unit features spacious rooms, high ceilings, and separate electric, making it a great candidate for renovation.This home is ideal for those looking to add value with updates and repairs. See the partially finished basement and additional rooms on the third floor, along with a great backyard ready for your vision. Whether you're looking for an investment or to customize and hold, the location can't be beat: enjoy easy access to downtown Salem, Peabody shops and restaurants, public transportation, and major highways. Don't miss your chance to transform this property and build equity in a desirable North Shore location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,675
Year Built
- Built in 1900
Lot Details
- 6,761 Sq Ft Lot
- Fenced
Home Design
- Shingle Roof
Interior Spaces
- 2,128 Sq Ft Home
- Property has 2 Levels
- Combination Dining and Living Room
Bedrooms and Bathrooms
- 4 Bedrooms
Partially Finished Basement
- Walk-Out Basement
- Interior Basement Entry
- Sump Pump
Parking
- 6 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Location
- Property is near public transit and schools
Schools
- Witchcraft Heights Elementary School
- Collins Middle School
- Salem High School
Listing and Financial Details
- Assessor Parcel Number M:15 L:0111,2128536
Community Details
Overview
- 2 Units
- Near Conservation Area
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Park
- Jogging Path
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 6, 2025
Closed on
Sep 26, 2025
Sold by
Steven G Arvanitides T and Cape Ann Savings Bank Tr
Bought by
Lugo Matiely
Seller's Agent
steven mallia
RE/MAX Beacon
Buyer's Agent
Matiely Lugo-Gomez
J. Barrett & Company
List Price
$600,000
Sold Price
$701,000
Premium/Discount to List
$101,000
16.83%
Views
28
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
-$22,658
Avg. Annual Appreciation
-11.07%
Original Mortgage
$665,950
Outstanding Balance
$665,357
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$12,985
Purchase Details
Closed on
May 15, 2024
Sold by
George K Arvanitides Irt and Murphy
Bought by
Steven G Arvanitides T and Cape Ann Savings Bank Tr
Purchase Details
Closed on
Oct 4, 2021
Sold by
Arvanitides Ft and Arvanitides
Bought by
George K Arvanitides Irt and Murphy
Purchase Details
Closed on
Oct 28, 2014
Sold by
Arvanitides George K
Bought by
Arvanitides Ft and Arvanitides
Create a Home Valuation Report for This Property
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 |
|---|---|---|---|
| Deed | $701,000 | -- | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $665,950 | New Conventional | |
| Previous Owner | $160,000 | No Value Available | |
| Previous Owner | $100,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/26/2025 09/26/25 | Sold | $701,000 | +16.8% | $329 / Sq Ft |
| 08/11/2025 08/11/25 | Pending | -- | -- | -- |
| 08/06/2025 08/06/25 | For Sale | $600,000 | -- | $282 / 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 | $7,675 | $676,800 | $214,200 | $462,600 |
| 2024 | $7,321 | $630,000 | $203,600 | $426,400 |
| 2023 | $7,107 | $568,100 | $187,900 | $380,200 |
| 2022 | $7,135 | $538,500 | $181,700 | $356,800 |
| 2021 | $6,739 | $488,300 | $169,100 | $319,200 |
| 2020 | $6,527 | $451,700 | $159,700 | $292,000 |
| 2019 | $6,445 | $426,800 | $151,600 | $275,200 |
| 2018 | $5,937 | $386,000 | $144,100 | $241,900 |
| 2017 | $5,499 | $346,700 | $121,500 | $225,200 |
| 2016 | $5,345 | $341,100 | $115,900 | $225,200 |
| 2015 | $5,164 | $314,700 | $106,500 | $208,200 |
Source: Public Records
Agents Affiliated with this Home
-
steven mallia
-
Matiely Lugo-Gomez
M
Buyer's Agent in 2025
Matiely Lugo-Gomez
J. Barrett & Company
1 in this area
7 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73414228
APN: SALE-000015-000000-000111
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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