NOT LISTED FOR SALE
14 Beds
8 Baths
5,110 Sq Ft
6,098 Sq Ft Lot

Last Sold July 31, 2020

Last sale price $1,227,000 $240 Per Sq Ft

11 Days on Market

Highlights

  • Deck
  • Fenced Yard
  • 2-minute walk to Patten Park
  • Wood Flooring

About This Home

As of July 2020

Attention investors and developers! Six units in two detached buildings with off-street parking in Salem. The property consists of a four unit building next to a two unit property with a driveway in between leading to off street parking in the rear. There is a vacancy in each building. Three of the six units have been renovated and offer investors the ability to see what can be done to the remaining non renovated apartments in order to maximize rent. Two of the apartments are attractively renovated, on two levels,with 3 bedrooms, two full baths and rentsthat average $2425/month. Located on a quiet residential street. The property is near Patton Park, Furlong Park and Mcglew Park and within walking distance to downtown Salems restaurants and attractions. Close to major highways and Routes 93 and 1. Vacant units will be shown by appointment to pre-qualified buyers.

Last Agent to Sell the Property

John

RCG Properties Listed on: 05/29/2020

Co-Listed By

John Schwagerl

RCG Properties License #449524005

Last Buyer's Agent

Haley Paster Scimone

Sagan Harborside Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 6,098

Additional Features

  • Wood Flooring
  • Deck
  • Fenced Yard
  • Natural Gas Water Heater
  • Basement

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Renovated Since
  • List Price Per Sq Ft: 244.60
  • Comp Based On: Net Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 7
  • Year Built: 1900

Interior Features

  • Flooring: Wood
  • Total Flrs: 7
  • No Bedrooms: 14
  • Total Brs: 14
  • Full Bathrooms: 8
  • Total Fbh: 8
  • No Rooms: 22
  • Basement: Y
  • Basement Features: Full, Walk Out, Bulkhead
  • Main Lo: NB2011
  • Main So: AN4471
  • Estimated Sq Ft: 5110.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1/10 to 3/10
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Exterior Features: Deck - Wood, Fenced Yard
  • Foundation: Fieldstone, Brick

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 6

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 100 Amps, Individually Metered
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, University

Lot Info

  • Assessments: 657500.00
  • Acre: 0.14
  • Lot Size: 5972.00
  • Page: 518
  • Zoning: res
  • Lot Description: Paved Drive, Level

Green Features

  • Energy Features: Insulated Windows, Insulated Doors

Multi Family

  • APOD Available: Yes
  • Heat Units: 5
  • Total Levels: 7
  • Total Rent: 10850
  • Total Rms: 26
  • No Units: 6
  • Mf Type: 5-9 Family

Tax Info

  • Taxes: 9500.88
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2020 07/31/20 Sold $1,227,000 -1.8% $240 / Sq Ft
06/09/2020 06/09/20 Pending -- -- --
05/29/2020 05/29/20 For Sale $1,249,900 -- $245 / 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 $16,682 $1,471,100 $210,200 $1,260,900
2024 $15,674 $1,348,900 $199,700 $1,149,200
2023 $15,334 $1,225,700 $184,400 $1,041,300
2022 $14,827 $1,119,000 $178,200 $940,800
2021 $13,574 $983,600 $165,900 $817,700
2020 $9,501 $657,500 $156,700 $500,800
2019 $9,442 $625,300 $148,700 $476,600
2018 $8,094 $526,300 $141,300 $385,000
2017 $7,646 $482,100 $119,200 $362,900
2016 $7,468 $476,600 $113,700 $362,900
2015 $7,301 $444,900 $104,500 $340,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72664137

MLS Property Information Network (MLS PIN)

APN: SALE M:27 L:0264

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