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 NeighborhoodEstimated Value: $680,172 - $764,000
4
Beds
2.5
Baths
2,128
Sq Ft
$334/Sq Ft
Est. Value
Highlights
- Medical Services
- Jogging Path
- Shops
- Property is near golf course, public transit, and schools
- Park
- Combination Dining and Living Room
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 golf course, 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
- Park
- Jogging Path
- Bike Trail
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
Aug 6, 2025
Closed on
Sep 26, 2025
Sold by
Bought by
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
$10,543
Avg. Annual Appreciation
2.07%
Original Mortgage
$665,950
Outstanding Balance
$662,345
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$49,198
Purchase Details
Closed on
May 15, 2024
Sold by
Bought by
Purchase Details
Closed on
Oct 4, 2021
Sold by
Bought by
Purchase Details
Closed on
Oct 28, 2014
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $701,000 | -- | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- |
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 | $665,950 | ||
| Previous Owner | $160,000 | ||
| Previous Owner | $100,000 |
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 |
|---|---|---|---|---|
| 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
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 | $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
6 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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