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

Sale Details

Date Sold: July 31, 2020

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

11 Days on Market

Highlights

  • Deck
  • Fenced Yard
  • 4-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

Gibson Sotheby's International Realty

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

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
May 29, 2020
Closed on
Jul 26, 2020
Sold by
Bought by
Seller's Agent
John
RCG Properties
Buyer's Agent
Haley Paster Scimone
Gibson Sotheby's International Realty
List Price
$1,249,900
Sold Price
$1,227,000
Premium/Discount to List
-$22,900
-1.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,250
Outstanding Balance
$799,452
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,400
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2000
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in North Salem, MA

See All Agents

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
$1,227,000 None Available
$749,000 --
$272,500 --
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 $131,104
Open $920,250
Previous Owner $449,400
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
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

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 $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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72664137

MLS Property Information Network (MLS PIN)

APN: SALE M:27 L:0264

Your Personal Tour Guide

Ask me questions while you tour the home.