NOT LISTED FOR SALE

Estimated Value: $778,847 - $841,000

6 Beds
3 Baths
3,232 Sq Ft
$250/Sq Ft Est. Value

Last Sold July 08, 2022

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

Est. 16% increase in value since last sale

Current estimated payment $5,065/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
$808,212

Purchase Details

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

Range of Values:

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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
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

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72975289

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000124