K
Seller's Agent in 2023
Kathie Strout
Century 21 North East
(978) 717-9044
4 in this area
14 Total Sales
3 Linden St Salem, MA 01970
South Salem NeighborhoodEstimated Value: $697,585 - $881,000
5
Beds
2
Baths
2,541
Sq Ft
$313/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Deck
- Wood Flooring
- Medical Services
- Property is near public transit and schools
- 3 Fireplaces
About This Home
As of November 20232 family with off street parking up to 6 cars. Walk to train, downtown, Forest river Park, Salem University, PEM, Pickering wharf, restaurants and grocery store. Rents below market. Both units have a deck. Both units have washer and dryer hook ups in basement connected to their units electrical. Property has a great rental history. Roof is slate and has had some repairs. Back of house is asphalt shingles and is 3 yrs old roof. The gas fired heating systems are 10 yrs old. Hot water tanks are 2 years old. Third floor has a bedroom and a family room with an additional room for storage all heated. Owners have never lived in premises. One owner is a licensed real estate agent.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,480
Year Built
- Built in 1870
Lot Details
- 9,000 Sq Ft Lot
- Level Lot
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
- Slate Roof
Interior Spaces
- 2,541 Sq Ft Home
- Property has 1 Level
- 3 Fireplaces
- Insulated Windows
- Insulated Doors
- Washer and Dryer Hookup
Flooring
- Wood
- Wall to Wall Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Home Security
- Storm Windows
- Storm Doors
Parking
- 6 Car Parking Spaces
- Off-Street Parking
Outdoor Features
- Deck
- Covered Patio or Porch
Location
- Property is near public transit and schools
Utilities
- 2 Heating Zones
- Heating Available
- Natural Gas Connected
Listing and Financial Details
- Total Actual Rent $4,100
- Rent includes unit 1(water), unit 2(water)
- Assessor Parcel Number M:33 L:0350,2134933
Community Details
Overview
- 2 Units
- Near Conservation Area
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Community Pool
- Park
- Jogging Path
Building Details
- Insurance Expense $2,017
- Water Sewer Expense $880
- Operating Expense $2,997
- Net Operating Income $37,164
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 31, 2023
Closed on
Nov 3, 2023
Sold by
Jeda Llc
Bought by
Nelson Amanda R and Nelson Cory M
Seller's Agent
Kathie Strout
Century 21 North East
Buyer's Agent
Zoe Karademos
Coldwell Banker Realty - Marblehead
List Price
$775,000
Sold Price
$760,000
Premium/Discount to List
-$15,000
-1.94%
Views
7
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
$35,896
Avg. Annual Appreciation
1.96%
Original Mortgage
$711,232
Outstanding Balance
$698,070
Interest Rate
7.19%
Mortgage Type
FHA
Estimated Equity
$97,826
Purchase Details
Closed on
Sep 13, 2022
Sold by
Strout Peter and Strout Kathie
Bought by
Jeda Llc
Purchase Details
Closed on
Jan 31, 2006
Sold by
Sobotka John F and Sobotka Patricia C
Bought by
Strout Kathie and Strout Peter
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 15, 1996
Sold by
Cocozella Robert A
Bought by
Conte Ralph L and Conte Constance
Purchase Details
Closed on
Dec 29, 1993
Sold by
Usa
Bought by
Sobotka John F and Sobotka Patricia
Purchase Details
Closed on
Feb 8, 1993
Sold by
Ohara Kevin M and Barclaysamerica Mtg
Bought by
Barclaysamerican Mtg
Purchase Details
Closed on
Aug 31, 1990
Sold by
Altholtz Howaard A
Bought by
Ohara Kevin
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nelson Amanda R | $760,000 | None Available | |
| Jeda Llc | -- | None Available | |
| Strout Kathie | $410,000 | -- | |
| Conte Ralph L | $137,000 | -- | |
| Sobotka John F | $124,900 | -- | |
| Barclaysamerican Mtg | $130,028 | -- | |
| Ohara Kevin | $184,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nelson Amanda R | $711,232 | |
| Previous Owner | Ohara Kevin | $280,410 | |
| Previous Owner | Ohara Kevin | $305,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/03/2023 11/03/23 | Sold | $760,000 | -1.9% | $299 / Sq Ft |
| 08/30/2023 08/30/23 | Pending | -- | -- | -- |
| 05/31/2023 05/31/23 | For Sale | $775,000 | -- | $305 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $7,004 | $617,600 | $188,100 | $429,500 |
| 2024 | $6,686 | $575,400 | $178,200 | $397,200 |
| 2023 | $6,480 | $518,000 | $165,000 | $353,000 |
| 2022 | $6,612 | $499,000 | $155,100 | $343,900 |
| 2021 | $6,421 | $465,300 | $155,100 | $310,200 |
| 2020 | $6,120 | $423,500 | $134,000 | $289,500 |
| 2019 | $6,064 | $401,600 | $127,400 | $274,200 |
| 2018 | $5,615 | $365,100 | $121,400 | $243,700 |
| 2017 | $5,199 | $327,800 | $99,000 | $228,800 |
| 2016 | $5,054 | $322,500 | $93,700 | $228,800 |
| 2015 | $4,885 | $297,700 | $84,500 | $213,200 |
Source: Public Records
Agents Affiliated with this Home
-
Kathie Strout
-
Zoe Karademos
Buyer's Agent in 2023
Zoe Karademos
Coldwell Banker Realty - Marblehead
(781) 405-7122
10 in this area
61 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73154235
APN: SALE-000033-000000-000350
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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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