NOT LISTED FOR SALE

4 Forrester St Salem, MA 01970

Salem Common Neighborhood
12 Beds
4.5 Baths
7,000 Sq Ft
5,663 Sq Ft Lot

Last Sold March 31, 2022

Last sale price $1,300,000 $186 Per Sq Ft

28 Days on Market

Highlights

  • Granite Flooring
  • Deck
  • 12 Fireplaces
  • Waterfront
  • Property is near public transit
  • 2-minute walk to Salem Common

About This Home

As of March 2022

Remarkable Italianate Victorian Double House overlooking historic Common. Owners unit consists of 4 levels of beautifully appointed rooms with soaring ceilings, crown moldings, and elegant marble fireplaces. There are 6 plus large bedrooms and two and a half bathrooms and an additional kitchen at near grade lower level. The other townhouse consists of two income apartments sharing a floor plan identical to the owners townhouse. Ideal use for owner occupied home, extended family use, investment property or development opportunity. Beautiful side yard is owned lawn and garden easement containing 2,658 s.f. Priced to sell quick. Cash buyers or no financing contingency preferred.

Last Listed By

Ted Richard

J. Barrett & Company Listed on: 01/03/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,907

Year Built

  • Built in 1871

Lot Details

  • 5,663 Sq Ft Lot
  • Waterfront
  • Property fronts an easement
  • Level Lot

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 7,000 Sq Ft Home
  • 12 Fireplaces
  • Wood Burning Fireplace
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Granite
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms

Laundry

  • Laundry Room
  • Washer

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • 2 Heating Zones
  • Heating Available
  • 100 Amp Service
  • Natural Gas Connected
  • Oil Water Heater

Listing and Financial Details

  • Total Actual Rent $4,000
  • Rent includes unit 1(heat electric water hot water), unit 2(heat electric water hot water), unit 3(heat electric water hot water)
  • Assessor Parcel Number M:35 L:0446,4973519

Community Details

Overview

  • 3 Units
  • Property has 4 Levels

Amenities

  • Shops

Recreation

  • Park
  • Jogging Path

Building Details

  • Electric Expense $1,000
  • Insurance Expense $550
  • Water Sewer Expense $2,400
  • Operating Expense $11,550
  • Net Operating Income $34,050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,907

Year Built

Built in 1871

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1871
  • Buyer Agency: 2.5
  • Buyer Agency Type: %
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Actual,Certified Historic
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 7

Interior Features

  • Flooring: Wood,Vinyl,Carpet, Unit 1(undefined), Unit 3(Wall to Wall Carpet)
  • Interior Amenities: Unit 1(Crown Molding,Bathroom With Tub & Shower), Unit 2(Crown Molding), Unit 3(Crown Molding,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen,Family Room,Office/Den,Other (See Remarks)), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace Features: Unit 1(Fireplace - Wood burning), Unit 2(Fireplace - Wood burning), Unit 3(Fireplace - Wood burning)
  • Fireplace YN: Yes
  • Fireplaces: 12
  • Appliances: Unit 1(Range,Dishwasher,Disposal,Refrigerator,Washer,Dryer), Unit 2(Range,Dishwasher,Disposal,Refrigerator), Unit 3(Range,Dishwasher,Disposal,Refrigerator,Washer,Dryer), Oil Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 12
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bathrooms: 4.5
  • Laundry Features: Unit 2 Laundry Room, Unit 3 Laundry Room
  • Basement: Full, Partially Finished
  • Living Area: 7000
  • Stories Total: 7
  • MAIN LO: C95243
  • LIST PRICE PER Sq Ft: 185.71
  • PRICE PER Sq Ft: 185.71
  • MAIN SO: AN5564

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Granite
  • Patio And Porch Features: Deck - Wood
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None)
  • Heating: Unit 1(Steam,Oil), Unit 2(Steam,Oil), Unit 3(Steam,Oil)
  • Cooling Y N: No
  • Electric: Fuses, Circuit Breakers, 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: SESD
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, House of Worship, T-Station, University
  • Rent Includes: Unit 1(Heat,Electric,Water,Hot Water), Unit 2(Heat,Electric,Water,Hot Water), Unit 3(Heat,Electric,Water,Hot Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2400

Lot Info

  • Parcel Number: M:35 L:0446,4973519
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements, Level
  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5662.8
  • Lot Size Units: Acres
  • LOT SIZE: 5763
  • PAGE: 365

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 11907
  • Tax Book Number: 19176

Multi Family

  • Electric Expense: 1000
  • Gross Income: 48000
  • Insurance Expense: 550
  • Net Operating Income: 34050
  • Number Of Units Total: 3
  • Operating Expense: 11550
  • Total Actual Rent: 4000
  • LEVELS 1: 4
  • LEVELS 2: 1
  • LEVELS 3: 2
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 1
  • FLRS 2: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $1,300,000 0.0% $186 / Sq Ft
02/01/2022 02/01/22 Pending -- -- --
01/03/2022 01/03/22 For Sale $1,300,000 -- $186 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ted Richard

    Seller's Agent in 2022

    Ted Richard

    J. Barrett & Company

    (978) 921-1117

    5 in this area

    64 Total Sales

    Ted Richard
    Section Image

  • D

    Buyer's Agent in 2022

    David Gefke

    Trident Properties

    (617) 905-7370

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72930681

MLS Property Information Network (MLS PIN)

Massachusetts Essex County Salem 01970 Salem Common

4 Forrester St, Salem, MA

Homes for Sale in Salem, MA

This home is located at 4 Forrester St, Salem, MA 01970 since 03 January 2022. This property was built in 1871. 4 Forrester St is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates 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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