NOT LISTED FOR SALE

Estimated Value: $763,821 - $937,000

6 Beds
3 Baths
3,232 Sq Ft
$253/Sq Ft Est. Value

Last Sold July 08, 2022

Last sale price $695,000 $215 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,157/month

21 Days on Market

Highlights

  • Granite Flooring
  • 2 Car Garage
  • 2-minute walk to Mary Jane Lee Park
  • Porch

About This Home

As of July 2022

This could be your new add value investment opportunity in Salem! This large 3 family consists of 3-two bedroom units with the potential to be converted to 3 beds. One high efficiency heating system for the entire building. Owner pays utilities but electric could be separate. Off street parking for at least 4 cars with a 2 car detached garage. Please see attached paperclip for detailed income and expenses. Please allow at least 24 hours notice for showings.

Last Agent to Sell the Property

Francesca Little

Little & Co., REALTORS® Listed on: 05/03/2022

Last Buyer's Agent

Tyler Scaglione

Cameron Prestige, LLC

Cameron Prestige, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,414

Year Built

  • Built in 1915

Lot Details

  • 5,179

Parking

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

Home Design

  • 3,232 Sq Ft Home
  • Slate Roof

Flooring

  • Wood
  • Granite

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • 60 Amp Service
  • Gas Water Heater

Additional Features

  • Porch
  • 5,179 Sq Ft Lot
  • Unfinished Basement

Listing and Financial Details

  • Total Actual Rent $4,850
  • Rent includes unit 1(heat hot water), unit 2(heat electric hot water), unit 3(heat electric hot water)
  • Assessor Parcel Number 2135540

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Building Details

  • Electric Expense $2,760
  • Insurance Expense $3,700
  • Water Sewer Expense $350
  • Operating Expense $18,660
  • Net Operating Income $33,980

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,414

Year Built

Built in 1915

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1915
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 2
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood
  • Interior Amenities: Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Unfinished
  • Living Area: 3232
  • Stories Total: 6
  • MAIN LO: C67600
  • LIST PRICE PER Sq Ft: 224.32
  • PRICE PER Sq Ft: 215.04
  • MAIN SO: AN4281

Exterior Features

  • Foundation Details: Granite
  • Patio And Porch Features: Porch
  • Roof: Slate
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Electric: 60 Amps/Less
  • Water Source: Public

Condo/Co-op/Association

  • Rent Includes: Unit 1(Heat,Hot Water), Unit 2(Heat,Electric,Hot Water), Unit 3(Heat,Electric,Hot Water)

Fee Information

  • Water Sewer Expenses: 350

Lot Info

  • Parcel Number: 2135540
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5179
  • Lot Size Units: Acres
  • PAGE: 263

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6414
  • Tax Book Number: 6637

Multi Family

  • Electric Expense: 2760
  • Gross Income: 58200
  • Insurance Expense: 3700
  • Net Operating Income: 33980
  • Number Of Units Total: 3
  • Operating Expense: 18660
  • Total Actual Rent: 4850
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2017
Sold by
Eanes Richard E and Eanes Lola
Bought by
Smithereanes 2017 T
Current Estimated Value
$817,955

Purchase Details

Closed on
Jan 1, 1978
Bought by
Eanes Lola and Eanes Richard E
Source: Public Records

Similar Homes in Salem, MA

  • 8 Ward St, Salem, MA 01970

    $650,000

    • 5 Beds
    • 2 Baths
    • 1,674 Sq Ft
    • 8 Ward St
    • Salem, MA

    Excellent opportunity in the heart of downtown Salem. This two-family home offers strong potential for investors or owner-occupants willing to bring some updates. Both units offer flexible layouts, high ceilings, and character throughout. With some work, this property could shine as a long-term rental, owner-occupied investment, or possible short-term rental (buyer to do due diligence). Just

    Jordan Ryan Keller Williams Realty Evolution

    Section Image
  • 21 Laurel St, Salem, MA 01970

    $849,000

    • 4 Beds
    • 2 Baths
    • 2,228 Sq Ft
    • 21 Laurel St
    • Salem, MA

    Welcome to 21 Laurel Street – a renovated 2-family home offering exceptional updates and investment potential, ideally situated just outside of historic downtown Salem. Fully renovated in 2021, this turn-key property features newer heating systems, hot water tanks, windows, and siding – plus the added benefit of lead compliance for both units. Each unit offers a thoughtfully designed 2-bedroom,

    Strobeck Antonell Group Compass

    Section Image
  • 14 Forest Ave, Salem, MA 01970

    $849,000

    • 6 Beds
    • 2 Baths
    • 2,380 Sq Ft
    • 14 Forest Ave
    • Salem, MA

    A true turnkey investment awaits at 14 Forest Ave in desirable downtown Salem! This meticulously maintained two-family home, encompassing approximately 2380 sq ft of living space, offers an exceptional opportunity with a strong rental history and significant capital improvements already in place. Investors will appreciate the peace of mind provided by slate roof and newer vinyl siding, coupled

    The Team - Real Estate Advisors Coldwell Banker Realty - Cambridge

    Section Image
  • 16 Horton St, Salem, MA 01970

    $949,900

    • 6 Beds
    • 4 Baths
    • 3,108 Sq Ft
    • 16 Horton St
    • Salem, MA

    Located in the Castle Hill area close to Salem State University, Salem Hospital, and downtown, this large 2-family has a beautifully remodeled townhouse unit that offers the space and comfort of a single-family home! Step inside and be greeted by a sun-drenched 24'x18' living/dining room combo – perfect for entertaining or relaxing. The heart of the unit is the large eat-in kitchen, boasting

    Jim Armstrong Aluxety

    Section Image
  • 112 North St, Salem, MA 01970

    $699,000

    • 4 Beds
    • 2.5 Baths
    • 2,955 Sq Ft
    • 112 North St
    • Salem, MA

    Landmark Mixed Use Building Located on Bustling North Street at the Doorstep of Downtown Salem and Salem Train Station. Fantastic Investment Property fulled leased offered at a 8 cap.

    Steven Belesis Citylight Homes LLC

    Section Image
  • 4 Lemon Street Ct, Salem, MA 01970

    $850,000

    • 5 Beds
    • 3 Baths
    • 2,005 Sq Ft
    • 4 Lemon Street Ct
    • Salem, MA

    Minutes from downtown Salem, Salem Common, and the T-station, this well-maintained 2-unit property offers a fantastic investment or owner occupant opportunity. The first-floor unit features 2 beds, 1 bath, while the spacious second-floor unit spans 2 levels with 3 beds and 2 full baths, including a primary bath. Both units feature in-unit laundry, cherry cabinets, granite counters, and stainless

    Melissa Dias Lopes J. Barrett & Company

    Section Image
  • 13 Raymond Rd, Salem, MA 01970

    $749,900

    • 4 Beds
    • 2.5 Baths
    • 2,470 Sq Ft
    • 13 Raymond Rd
    • Salem, MA

    Welcome to 13 Raymond Road in Salem, MA! This property is located a block from the ocean and Salem State College. With a two car garage, off street parking, many recent upgrades 13 Raymond is perfect for an owner-occupant or an investor looing for cash flow. The recent upgrades include a renovated (vacant) 1st floor unit, new boilers, new hot water tanks, fresh paint, a new roof on the garage

    Michael McCarthy North Shore Realty Advisors

    Section Image
  • 6 Randall St, Salem, MA 01970

    $889,000

    • 5 Beds
    • 2.5 Baths
    • 2,559 Sq Ft
    • 6 Randall St
    • Salem, MA

    Incredible location at this oversized newly renovated two family home in a sought after neighborhood of Salem. Unit 1 consists of two bedrooms, one bathroom, living room, dining room and a large kitchen with high ceilings. Unit 2 is made up of two levels and consists of three bedrooms, a living room, dining room, kitchen, bathroom and a large open space in the attic which can be used as a play

    Kevin Farrar Atlantic Coast Homes,Inc

    Section Image
  • 30 Irving St, Salem, MA 01970

    $790,000

    • 6 Beds
    • 2 Baths
    • 2,250 Sq Ft
    • 30 Irving St
    • Salem, MA

    Welcome to this beautiful 2-family home nestled on a peaceful street just steps away from Mack Park. This home is perfect for both owner-occupant and savvy investors, live in one unit and rent the other for additional income. Unit #2 has been fully renovated and features vinyl flooring throughout, fresh paint, a modern kitchen with stainless steel appliances, and three generously sized

    Kristi Gjikondi Gjikondi Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Smithereanes 2017 T -- --
Eanes Lola $39,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ingemi Andrew $521,250
Previous Owner Eanes Lola $281,900
Previous Owner Eanes Lola $275,000
Previous Owner Eanes Lola $261,500
Previous Owner Eanes Lola $258,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2022 07/08/22 Sold $695,000 -4.1% $215 / Sq Ft
05/25/2022 05/25/22 Pending -- -- --
05/18/2022 05/18/22 Price Changed $725,000 -3.3% $224 / Sq Ft
05/03/2022 05/03/22 For Sale $750,000 -- $232 / 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 $7,217 $636,400 $153,700 $482,700
2024 $6,748 $580,700 $153,700 $427,000
2023 $6,384 $510,300 $135,600 $374,700
2022 $6,414 $484,100 $126,600 $357,500
2021 $6,152 $445,800 $118,100 $327,700
2020 $5,601 $387,600 $87,100 $300,500
2019 $5,466 $362,000 $76,800 $285,200
2018 $5,098 $331,500 $76,800 $254,700
2017 $4,837 $305,000 $65,600 $239,400
2016 $4,779 $305,000 $65,600 $239,400
2015 $4,061 $247,500 $56,400 $191,100
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72975289

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000124