NOT LISTED FOR SALE
6 Beds
6 Baths
3,597 Sq Ft
6,500 Sq Ft Lot

Sale Details

Date Sold: March 28, 2023

Last sale price $1,525,000 $424 Per Sq Ft

6 Days on Market

Highlights

  • Marina
  • Property is near public transit and schools
  • Park
  • Medical Services
  • Wood Flooring
  • 1-minute walk to High Street Park

About This Home

As of March 2023

GROUP SHOWING MONDAY 1/23/2023 FROM 12PM-3PM BY APPOINTMENT ONLY, CALL AGENT DIRECT. Solid 6 Unit Brick "INVESTMENT PROPERTY" located in downtown Salem. There are 6 1 bedroom apartments that all have separate utilities ( 2 year old boilers by gas & individual water tanks ) 6 Gas meters and 7 Electric meters ( all units have sub panels in-unit) The 2 top floor units have been completed renovated from top to bottom ( as shown in photos) There is coin operated laundry in the basement. If your looking for an easy building to run look no further.

Last Agent to Sell the Property

Chris Blasczak

Real Broker MA, LLC Listed on: 01/19/2023

Real Broker MA, LLC

Last Buyer's Agent

Marjorie Youngren

Coldwell Banker Realty - Lynnfield

Coldwell Banker Realty - Lynnfield
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,777

Year Built

  • Built in 1915

Lot Details

  • 6,500 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Rubber Roof

Interior Spaces

  • 3,597 Sq Ft Home
  • Property has 1 Level
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Parking

  • On-Street Parking
  • Open Parking

Location

  • Property is near public transit and schools

Utilities

  • 6 Heating Zones
  • 100 Amp Service
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $10,030
  • Assessor Parcel Number 2132040

Community Details

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Park

Additional Features

  • 6 Units
  • Net Operating Income $99,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,777

Year Built

Built in 1915

Lot Details

6,500 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1915
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 4

Interior Features

  • Flooring: Vinyl,Hardwood
  • Fireplace YN: No
  • Appliances: Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
  • Total Bedrooms: 6
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full, Concrete, Unfinished
  • Living Area: 3597
  • Stories Total: 4
  • MAIN LO: AN0224
  • MAIN SO: M59500

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Stone
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront Features: Beach Front
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range
  • Electric: 100 Amp Service
  • Water Source: Public
  • HEAT UNITS: 6
  • HEAT ZONES: 6
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, House of Worship, Marina, T-Station, University

Lot Info

  • Parcel Number: 2132040
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6500
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 10777

Multi Family

  • Net Operating Income: 99420
  • Number Of Units Total: 6
  • Total Actual Rent: 10030
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: N

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
Jan 19, 2023
Closed on
Mar 28, 2023
Sold by
36 Endicott Llc
Bought by
Seller's Agent
Chris Blasczak
Real Broker MA, LLC
Buyer's Agent
Marjorie Youngren
Coldwell Banker Realty - Lynnfield
List Price
$1,495,000
Sold Price
$1,525,000
Premium/Discount to List
$30,000
2.01%
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,220,000
Outstanding Balance
$1,168,930
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2022
Sold by
Vallee Dennis M
Bought by
36 Endicott Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 2015
Sold by
Doucette Janet S
Bought by
Vallee Dennis M

Purchase Details

Closed on
Jan 1, 1974
Bought by
Vallee Dennis M
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Downtown Salem, MA

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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
$1,525,000 None Available
36 Endicott Llc $1,250,000 None Available
Vallee Dennis M -- --
Vallee Dennis M $66,000 --
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 $1,220,000
Previous Owner 36 Endicott Llc $1,000,000
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
03/28/2023 03/28/23 Sold $1,525,000 +2.0% $424 / Sq Ft
01/26/2023 01/26/23 Pending -- -- --
01/19/2023 01/19/23 For Sale $1,495,000 -- $416 / 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 $15,075 $1,329,400 $191,900 $1,137,500
2024 $13,491 $1,161,000 $182,400 $978,600
2023 $11,246 $899,000 $168,400 $730,600
2022 $10,778 $813,400 $162,800 $650,600
2021 $10,576 $766,400 $151,500 $614,900
2020 $9,933 $687,400 $143,100 $544,300
2019 $9,566 $633,500 $135,800 $497,700
2018 $8,745 $568,600 $129,100 $439,500
2017 $8,512 $536,700 $108,900 $427,800
2016 $8,330 $531,600 $103,800 $427,800
2015 $8,131 $495,500 $95,400 $400,100
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73072118

MLS Property Information Network (MLS PIN)
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