NOT LISTED FOR SALE

3 Island Ave Salem, MA 01970

Salem Willows Neighborhood

Estimated Value: $839,000 - $1,073,000

5 Beds
2 Baths
2,160 Sq Ft
$428/Sq Ft Est. Value

Last Sold November 21, 2012

Last sale price $330,000 $153 Per Sq Ft

Est. 180% increase in value since last sale

Current estimated payment $5,727/month

206 Days on Market

About This Home

As of November 2012

Unobstructed water views from this Salem Willows home on quiet dead end street, and just steps away from the beach. Owned by the same family for years, and now ready for someone to develop this property into their dream home.

Last Agent to Sell the Property

Matthew Power

1 Percent Realty, LLC Listed on: 03/30/2012

Last Buyer's Agent

Matthew Power

1 Percent Realty, LLC Listed on: 03/30/2012

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,328

Year Built

1920

Lot Details

0

Listing Details

  • Lot Description: Level, Scenic View(s)
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1920

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 9

Exterior Features

  • Waterfront Property: Yes
  • Foundation: Poured Concrete, Concrete Block

Garage/Parking

  • Parking Spaces: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2012
Closed on
Nov 21, 2012
Sold by
Solovicos Theodore and Solovicos Manly
Bought by
Ricker Margaret P
Seller's Agent
Matthew Power
1 Percent Realty, LLC
Buyer's Agent
Matthew Power
1 Percent Realty, LLC
List Price
$425,900
Sold Price
$330,000
Premium/Discount to List
-$95,900
-22.52%
Current Estimated Value
$923,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$593,743
Avg. Annual Appreciation
7.66%

Purchase Details

Closed on
Nov 10, 2004
Sold by
Solovicos Jennie and Solovicos Theodore
Bought by
Solovicos James
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Ricker Margaret P $330,000 --
Solovicos James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Solovicos Theodore $115,000
Previous Owner Solovicos Theodore $435,478
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2012 11/21/12 Sold $330,000 -8.3% $153 / Sq Ft
10/22/2012 10/22/12 Pending -- -- --
06/14/2012 06/14/12 Price Changed $359,900 -7.7% $167 / Sq Ft
06/13/2012 06/13/12 Price Changed $389,900 -2.5% $181 / Sq Ft
04/24/2012 04/24/12 Price Changed $399,900 -6.1% $185 / Sq Ft
03/30/2012 03/30/12 For Sale $425,900 -- $197 / 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 $8,328 $734,400 $451,500 $282,900
2024 $8,011 $689,400 $430,500 $258,900
2023 $7,870 $629,100 $399,000 $230,100
2022 $7,977 $602,000 $378,000 $224,000
2021 $7,863 $569,800 $367,500 $202,300
2020 $8,039 $556,300 $367,500 $188,800
2019 $8,251 $546,400 $367,500 $178,900
2018 $7,782 $506,000 $351,700 $154,300
2017 $7,288 $459,500 $315,000 $144,500
2016 $6,541 $417,400 $288,700 $128,700
2015 $6,694 $407,900 $288,700 $119,200
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Matthew Power

    1 Percent Realty, LLC

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71359772

MLS Property Information Network (MLS PIN)

APN: SALE-000045-000000-000029

Massachusetts Essex County Salem 01970 Salem Willows

3 Island Ave, Salem, MA

This home is located at 3 Island Ave, Salem, MA 01970 since 30 March 2012 and is currently estimated at $923,743, approximately $427 per square foot. This property was built in 1920. 3 Island Ave is a home located in Essex County with nearby schools including Carlton Elementary School, Saltonstall School, and Bates Elementary School.

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MLS Property Information Network (MLS PIN) 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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