Tyson Lynch
Responds Quickly
The Proper Nest Real Estate
(351) 666-4531
53 Total Sales
3 in The Point
$241K - $455K Price Range
4 Chase St Salem, MA 01970
The Point NeighborhoodEstimated Value: $937,000 - $1,130,000
7
Beds
3
Baths
3,420
Sq Ft
$307/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Forced Air Heating System
- 4-minute walk to Mary Jane Lee Park
About This Home
As of May 2024Prime 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.
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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
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
Mar 11, 2024
Closed on
May 13, 2024
Sold by
Bought by
Seller's Agent
Francesca Little
Little & Co., REALTORS®
Buyer's Agent
Johnny Long
PRIVI Realty LLC
List Price
$950,000
Sold Price
$1,000,000
Premium/Discount to List
$50,000
5.26%
Views
81
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,656
Avg. Annual Appreciation
2.20%
Original Mortgage
$950,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 1, 1974
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in The Point, MA
-
Tyson Lynch
-
Eric Erickson
Eric Erickson
Reimagined Real Estate Advisors
(978) 690-4349
11 Total Sales
1 in The Point
$439,900 Price
-
Johnny Long
Johnny Long
PRIVI Realty LLC
(857) 353-8035
168 Total Sales
1 in The Point
$1,000,000 Price
-
Jim Armstrong
Jim Armstrong
Responds QuicklyAluxety
(351) 666-8685
63 Total Sales
1 in The Point
$1,750,000 Price
-
Julie Tsakirgis
Julie Tsakirgis
Responds QuicklyRE/MAX Property Shoppe, Inc.
(781) 776-5137
125 Total Sales
1 in The Point
$1,500,000 Price
-
Pam McKee
Pam McKee
Responds QuicklyKeller Williams Realty Evolution
(351) 444-5743
72 Total Sales
1 in The Point
$252,500 Price
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 |
|---|---|---|---|
| $1,000,000 | None Available | ||
| $33,000 | -- |
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 | $877,600 | ||
| Closed | $69,400 | ||
| Closed | $950,000 |
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
-
Johnny Long
Buyer's Agent in 2024
Johnny Long
PRIVI Realty LLC
(617) 275-1415
1 in this area
168 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73210747
APN: SALE-000034-000000-000470
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.
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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