NOT LISTED FOR SALE

396 Jefferson Ave Salem, MA 01970

South Salem Neighborhood

Estimated Value: $848,000 - $964,000

8 Beds
3 Baths
4,327 Sq Ft
$205/Sq Ft Est. Value

Last Sold July 03, 2019

Last sale price $540,000 $125 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $5,615/month

Highlights

  • Wood Flooring
  • Fenced Yard
  • Enclosed Patio or Porch

About This Home

As of July 2019

Perfect condo conversion, investor, or owner occupied 3 family near Salem State! This 3-family has letters of full deleading compliance for each unit, and engineering plans for condo conversion. Hardwood floors, vinyl windows, and separate utilities. The first-floor unit with LR, bathroom, DR, built-in china cabinet, eat-in kitchen, and 3 bedrooms. The second-floor unit with LR, DR, built-in china cabinet, eat-in kitchen, and 3 bedrooms. Kitchen and BR are currently unfinished. The third-floor unit with LR, bathroom with linen closet, DR, walk-in closet, and 2 bedrooms. There are separate laundry and storage areas in the basement. Two car garage and off-street parking for 4 additional cars. Updated and separate heat, hot water, and electric. All 3 units have rear porches. First/Third floors tenants at will and second-floor vacant. Current rents below market value!

Last Agent to Sell the Property

Dennis Marks

Keller Williams Realty Evolution Listed on: 04/22/2019

Keller Williams Realty Evolution

Co-Listed By

Anthony Pane

Keller Williams Realty Evolution License #454008139

Last Buyer's Agent

John Magazzu

RE/MAX Renaissance Inc.

RE/MAX Renaissance Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,270

Year Built

  • Built in 1915

Lot Details

  • Year Round Access
  • Fenced Yard

Parking

  • 2 Car Garage

Interior Spaces

  • Window Screens
  • Basement

Flooring

  • Wood
  • Laminate

Outdoor Features

  • Enclosed Patio or Porch
  • Rain Gutters

Utilities

  • Water Holding Tank
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number M:23 L:0197

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,270

Year Built

Built in 1915

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 122.46
  • Comp Based On: Net Sale Price
  • Year Built: 1915
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1915

Interior Features

  • Flooring: Hardwood, Wood Laminate
  • Total Flrs: 6
  • No Bedrooms: 8
  • Total Brs: 8
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 17
  • Basement: Y
  • Basement Features: Full, Partially Finished, Walk Out, Interior Access, Sump Pump, Concrete Floor
  • Main Lo: C95236
  • Main So: AN2612
  • Estimated Sq Ft: 4327.00

Exterior Features

  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Shingles
  • Exterior Features: Porch - Enclosed, Gutters, Screens, Fenced Yard
  • Foundation: Concrete Block
  • Foundation Size: unknown

Garage/Parking

  • Parking Feature: Off-Street, Paved Driveway
  • Parking Spaces: 4
  • Garage Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Individually Metered
  • Heat Zones: 3
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Gas Dryer, for Electric Dryer, Washer Hookup, Varies per Unit

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Public School, University

Schools

  • Elementary School: Horace Mann Lab
  • Middle School: Collins MS
  • High School: Salem HS

Lot Info

  • Assessments: 499100.00
  • Acre: 0.13
  • Lot Size: 5663.00
  • Parcel Number: M:23 L:0197
  • Zoning: R1
  • Lot Description: Corner, Paved Drive, Fenced/Enclosed, Level

Green Features

  • Energy Features: Insulated Windows

Multi Family

  • Heat Units: 3
  • Total Levels: 3
  • Total Rent: 28800
  • Total Rms: 17
  • No Units: 3
  • Mf Type: 3 Family - 3 Units Up/Down

Tax Info

  • Taxes: 7536.00
  • Assessor Parcel Number: 2130988

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2019
Closed on
Jul 3, 2019
Sold by
Lmf Rt
Bought by
Jefferson Properties Llc
Seller's Agent
Dennis Marks
Keller Williams Realty Evolution
Buyer's Agent
John Magazzu
RE/MAX Renaissance Inc.
List Price
$529,900
Sold Price
$540,000
Premium/Discount to List
$10,100
1.91%
Current Estimated Value
$888,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$348,745
Avg. Annual Appreciation
8.44%
Original Mortgage
$532,000
Outstanding Balance
$468,768
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$419,977

Purchase Details

Closed on
Jan 12, 2007
Sold by
396 Jefferson Avenue R
Bought by
Levesque Mark W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 2004
Sold by
Levesque Mark W
Bought by
Levesque Anne Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2004
Sold by
396 Jefferson Avenue R
Bought by
Levesque Mark W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 2003
Sold by
Levesque Anne Marie and Levesque Anne Marie C
Bought by
396 Jefferson Avenue R
Source: Public Records

Range of Values:

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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
Jefferson Properties Llc $540,000 --
Levesque Mark W -- --
Levesque Anne Marie -- --
Levesque Mark W -- --
396 Jefferson Avenue R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jefferson Properties Llc $532,000
Previous Owner Levesque Roland R $35,000
Previous Owner Levesque Roland R $325,000
Previous Owner Levesque Roland R $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2019 07/03/19 Sold $540,000 +1.9% $125 / Sq Ft
04/22/2019 04/22/19 Pending -- -- --
04/22/2019 04/22/19 For Sale $529,900 -- $122 / 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 $9,270 $817,500 $180,200 $637,300
2024 $8,684 $747,300 $180,200 $567,100
2023 $8,124 $649,400 $164,900 $484,500
2022 $8,072 $609,200 $158,800 $450,400
2021 $7,764 $562,600 $149,700 $412,900
2020 $7,751 $536,400 $134,400 $402,000
2019 $7,536 $499,100 $122,200 $376,900
2018 $6,904 $448,900 $113,600 $335,300
2017 $6,680 $421,200 $106,900 $314,300
2016 $6,284 $401,000 $86,700 $314,300
2015 $6,247 $380,700 $86,700 $294,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Dennis Marks

    Keller Williams Realty Evolution

    (978) 861-4295

    100 Total Sales

    Dennis Marks
    Section Image

  • A

    Seller Co-Listing Agent in 2019

    Anthony Pane

    Keller Williams Realty Evolution

    Section Image
  • John Magazzu

    Buyer's Agent in 2019

    John Magazzu

    RE/MAX

    (978) 815-6098

    87 Total Sales

    John Magazzu
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72484797

MLS Property Information Network (MLS PIN)

APN: SALE-000023-000000-000197

Massachusetts Essex County Salem 01970 South Salem

396 Jefferson Ave, Salem, MA

This home is located at 396 Jefferson Ave, Salem, MA 01970 since 22 April 2019 and is currently estimated at $888,745, approximately $205 per square foot. This property was built in 1915. 396 Jefferson Ave is a home located in Essex County with nearby schools including Horace Mann Laboratory, Saltonstall School, and Carlton Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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