Seller's Agent in 2015
Dan Botwinik
Dan Botwinik
(617) 863-8335
6 Total Sales
35 Palmer St Salem, MA 01970
The Point NeighborhoodEstimated Value: $811,923 - $1,182,000
11
Beds
3
Baths
3,896
Sq Ft
$255/Sq Ft
Est. Value
About This Home
As of July 2015Investors! 26 Salem is already CTG, now this is your opportunity to own a large, fully tenanted rental property with income in place and plenty of upside. First 2 floors are enormous 4BRs with another well-kept 2.5BR unit above. Additional space in enormous partially finished basement is also available and not counted in the 3,896 SF of living area. All units have decks in front and rear. Plenty of storage in basement or add coin-ops for more income. All separate utilities. Tandem parking in driveway for 2 cars. Hardwoods throughout and gorgeous built-ins and french doors. Don't miss this great moneymaker so close to downtown Salem! First open house this Saturday 6/27 from noon to 2pm! (limited access to units will Wetbe provided to respect tenants' privacy) ***Open house canceled due to CTG status***
Property Details
Home Type
Multi-Family
Year Built
1915
Lot Details
3,049 Sq Ft Lot
Listing Details
- Lot Description: Paved Drive
- Special Features: None
- Property Sub Type: MultiFamily
- Stories: 3
- Year Built: 1915
Interior Features
- Has Basement: Yes
- Number of Rooms: 20
- Electric: Circuit Breakers, Individually Metered
- Energy: Insulated Windows
- Flooring: Wood, Tile
- Basement: Full, Partially Finished, Concrete Floor
Exterior Features
- Roof: Asphalt/Fiberglass Shingles
- Frontage: 40.00
- Construction: Frame
- Exterior: Vinyl
- Exterior Features: Porch, Deck - Wood, Covered Patio/Deck, Balcony
- Foundation: Fieldstone
Garage/Parking
- Parking: Off-Street, Tandem
- Parking Spaces: 2
Utilities
- Heat Zones: 3
- Hot Water: Natural Gas
- Utility Connections: for Gas Range, Washer Hookup
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 21, 2020
Sold by
Obrien Kerin and Obrien Michael P
Bought by
35 Palmer Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Outstanding Balance
$399,170
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$594,811
Purchase Details
Listed on
Jun 26, 2015
Closed on
Aug 3, 2015
Sold by
Bengal Bungalows Llc
Bought by
Obrien Michael and Obrien Kerin A
Seller's Agent
Dan Botwinik
Dan Botwinik
Buyer's Agent
Deborah Douglass
RE/MAX Partners
List Price
$399,900
Sold Price
$440,000
Premium/Discount to List
$40,100
10.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.90%
Original Mortgage
$326,250
Interest Rate
3.97%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 16, 2012
Sold by
Santini Derek
Bought by
Bengal Bungalows Llc
Purchase Details
Closed on
Dec 24, 2009
Sold by
Puma Partners Llc
Bought by
Santini Derek
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
4.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 2, 2009
Sold by
Deutsche Bank Natl T C
Bought by
Puma Partners Llc
Purchase Details
Closed on
Jan 30, 2009
Sold by
Hernandez Mercedes and Deutsche Bank Natl T C
Bought by
Deutsche Bank Natl T C
Purchase Details
Closed on
Oct 11, 2002
Sold by
Pena Francis and Sanchez Lidia M
Bought by
Hernandez Mercedes
Purchase Details
Closed on
Apr 7, 1995
Sold by
Correia Antonio Est and Correia
Bought by
Pena Francis
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 35 Palmer Llc | -- | None Available | |
| Obrien Michael | $435,000 | -- | |
| Bengal Bungalows Llc | -- | -- | |
| Santini Derek | -- | -- | |
| Puma Partners Llc | $160,000 | -- | |
| Deutsche Bank Natl T C | $276,250 | -- | |
| Hernandez Mercedes | $315,000 | -- | |
| Pena Francis | $123,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 35 Palmer Llc | $455,000 | |
| Previous Owner | Obrien Michael | $326,250 | |
| Previous Owner | Pena Francis | $245,000 | |
| Previous Owner | Pena Francis | $405,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/31/2015 07/31/15 | Sold | $440,000 | +10.0% | $113 / Sq Ft |
| 07/01/2015 07/01/15 | Pending | -- | -- | -- |
| 06/26/2015 06/26/15 | For Sale | $399,900 | -- | $103 / 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 | $9,409 | $829,700 | $144,900 | $684,800 |
| 2024 | $8,675 | $746,600 | $144,900 | $601,700 |
| 2023 | $8,288 | $662,500 | $127,900 | $534,600 |
| 2022 | $8,207 | $619,400 | $119,400 | $500,000 |
| 2021 | $7,826 | $567,100 | $111,400 | $455,700 |
| 2020 | $7,062 | $488,700 | $82,100 | $406,600 |
| 2019 | $6,905 | $457,300 | $72,500 | $384,800 |
| 2018 | $6,366 | $413,900 | $72,500 | $341,400 |
| 2017 | $6,049 | $381,400 | $61,800 | $319,600 |
| 2016 | $4,728 | $301,700 | $61,800 | $239,900 |
| 2015 | $3,999 | $243,700 | $53,100 | $190,600 |
Source: Public Records
Agents Affiliated with this Home
-
Dan Botwinik
-
Deborah Douglass
Buyer's Agent in 2015
Deborah Douglass
The Carroll Team
(978) 569-6028
11 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71864918
APN: SALE-000034-000000-000224
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