NOT LISTED FOR SALE

4 Chase St Salem, MA 01970

The Point Neighborhood

Estimated Value: $996,000 - $1,187,000

7 Beds
3 Baths
3,420 Sq Ft
$311/Sq Ft Est. Value

Sale Details

Date Sold: May 14, 2024

Last sale price $1,000,000 $292 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,507 / mo

9 Days on Market

Highlights

  • Property is near public transit
  • Forced Air Heating System
  • 4-minute walk to Mary Jane Lee Park

About This Home

As of May 2024

Prime Investment Opportunity in Salem! This meticulously maintained 3-family property has been cared for by the same family for generations. Featuring two (2) 2-Bedroom, 1-Bathroom units and one (1) 3-Bedroom, 1-Bathroom unit, this property offers lucrative investment potential. Eight off street parking spots creates the option for added monthly income. All tenants are responsible for their own heat/hw and electric and rents are well below market value. This property can be sold as a package with 2 Chase st and 199-201 Lafayette st to create a 12 unit portfolio with a total of 12 off street parking spots. See attached for income/expenses and rent projections.

Last Agent to Sell the Property

Francesca Little

Little & Co., REALTORS® Listed on: 03/11/2024

Last Buyer's Agent

Johnny Long

PRIVI Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,600

Year Built

  • Built in 1915

Lot Details

  • 7,279

Home Design

  • 3,420 Sq Ft Home
  • Triplex
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Parking

  • 8 Car Parking Spaces
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service

Additional Features

  • 7,279 Sq Ft Lot
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $5,805
  • Assessor Parcel Number 2136045

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Building Details

  • Insurance Expense $3,111
  • Water Sewer Expense $1,452
  • Operating Expense $13,063
  • Net Operating Income $55,997

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,600

Year Built

Built in 1915

Lot Details

7,279 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1915
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Living Area: 3420
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: C67600
  • MAIN SO: AN6354

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Natural Gas
  • Electric: 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1452

Lot Info

  • Parcel Number: 2136045
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7279
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7600

Multi Family

  • Insurance Expense: 3111
  • Net Operating Income: 55997
  • Number Of Units Total: 3
  • Operating Expense: 13063
  • Total Actual Rent: 5805
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

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

Closed on
Jan 1, 1974
Bought by
Current Estimated Value
$1,062,723
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$33,000 --
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
05/14/2024 05/14/24 Sold $1,000,000 +5.3% $292 / Sq Ft
03/21/2024 03/21/24 Pending -- -- --
03/11/2024 03/11/24 For Sale $950,000 -- $278 / 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 $9,209 $812,100 $216,900 $595,200
2024 $7,721 $664,500 $206,100 $458,400
2023 $7,476 $597,600 $190,300 $407,300
2022 $7,470 $563,800 $183,900 $379,900
2021 $7,150 $518,100 $171,200 $346,900
2020 $6,805 $470,900 $161,700 $309,200
2019 $6,738 $446,200 $153,500 $292,700
2018 $6,112 $397,400 $145,900 $251,500
2017 $5,678 $358,000 $123,000 $235,000
2016 $5,521 $352,300 $117,300 $235,000
2015 $5,366 $327,000 $107,800 $219,200
Source: Public Records

Agents Affiliated with this Home

  • Francesca Little

    Seller's Agent in 2024

    Francesca Little

    Little & Co., REALTORS®

    (978) 745-4447

    11 in this area

    33 Total Sales

    Francesca Little
    Section Image
  • Johnny Long

    Buyer's Agent in 2024

    Johnny Long

    PRIVI Realty LLC

    (617) 275-1415

    1 in this area

    166 Total Sales

    Johnny Long
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73210747

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000470

Massachusetts Essex County Salem 01970 The Point

4 Chase St, Salem, MA

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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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