NOT LISTED FOR SALE

Estimated Value: $708,000 - $848,003

4 Beds
3 Baths
2,083 Sq Ft
$374/Sq Ft Est. Value

Last Sold September 13, 2024

Last sale price $740,000 $355 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,689/month

8 Days on Market

Highlights

  • Waterfront
  • Wood Flooring
  • 4-minute walk to Collins Cove Beach

About This Home

As of September 2024

Outstanding location! A half mile from downtown Salem, .2 miles from Salem Commons, and .1 mile from Collins Cove Beach you'll find this beautiful 2-family home. The first floor unit has a living room, dining room, bedroom, a beautiful, spacious bathroom and laundry in the back hall. The second and third floors make up unit 2 with a living room, dining room, updated kitchen, 3 bedrooms and two full baths. The primary suite on the 3rd floor has built-ins, skylights, and lots of space and light! Think charming period details, high ceilings, and hardwood floors throughout. Other features: the entire building was recently insulated, hot water heater for unit 1 new in 2022, lots of storage, and off-street parking. Enjoy the lovely garden and terrace in the backyard. Offers due by 4pm on Tuesday, August 13, 2024. Seller will be reviewing offers at that time.

Last Agent to Sell the Property

Jack Brown

RE/MAX Beacon Listed on: 08/06/2024

RE/MAX Beacon

Last Buyer's Agent

Coleman Group

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,507

Year Built

  • Built in 1880

Lot Details

  • 2,522 Sq Ft Lot
  • Waterfront

Home Design

  • Brick Foundation
  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 2,083 Sq Ft Home
  • Property has 1 Level
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • 1 Car Parking Space
  • Driveway
  • Open Parking
  • Off-Street Parking

Utilities

  • 100 Amp Service

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number M:35 L:0495,2136967

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,507

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1880
  • Year Built Details: Actual
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood
  • Fireplace YN: No
  • Total Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 2083
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN8171
  • MAIN SO: M59500

Exterior Features

  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • 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: Paved Drive, Off Street
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Electric: 100 Amp Service
  • Water Source: Public
  • HEAT UNITS: 2
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: M:35 L:0495,2136967
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.06
  • Lot Size Sq Ft: 2522
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7507

Multi Family

  • Number Of Units Total: 2
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2004
Sold by
Indrisano June and Mckinnon William J
Bought by
Solomon Robert and Castillo Elisa
Current Estimated Value
$779,751

Purchase Details

Closed on
Mar 17, 2003
Sold by
Sasaluzanon Sompis and Sasaluxanon Tanin
Bought by
Mckinnon William J and Indrisano June
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Solomon Robert $340,000 --
Solomon Robert $340,000 --
Mckinnon William J $295,000 --
Mckinnon William J $295,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckinnon William J $287,698
Closed Mckinnon William J $128,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2024 09/13/24 Sold $740,000 +2.1% $355 / Sq Ft
08/14/2024 08/14/24 Pending -- -- --
08/06/2024 08/06/24 For Sale $725,000 -- $348 / 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 $7,825 $690,000 $192,500 $497,500
2024 $7,507 $646,000 $182,900 $463,100
2023 $7,341 $586,800 $168,800 $418,000
2022 $7,311 $551,800 $163,200 $388,600
2021 $6,961 $504,400 $152,000 $352,400
2020 $6,744 $466,700 $143,500 $323,200
2019 $6,694 $443,300 $136,200 $307,100
2018 $6,121 $398,000 $129,400 $268,600
2017 $5,473 $345,100 $109,200 $235,900
2016 $5,328 $340,000 $104,100 $235,900
2015 $5,025 $306,200 $95,700 $210,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73274239

MLS Property Information Network (MLS PIN)

APN: SALE-000035-000000-000495