NOT LISTED FOR SALE

40 Memorial Dr Salem, MA 01970

Salem Willows Neighborhood

Estimated Value: $618,000 - $845,000

4 Beds
1 Bath
1,620 Sq Ft
$424/Sq Ft Est. Value

Last Sold May 31, 2013

Last sale price $287,000 $177 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $4,194/month

13 Days on Market

About This Home

As of May 2013

Located in a great Collins Cove neighborhood, just across from the water with water views and only steps to Bentley Elementary School. This well built cape offers 3 to 4 bedrooms with hardwood floors. built in drawers in second floor bedrooms and a partially finished basement. Nice back yard. 1 car garage with off street parking.

Last Agent to Sell the Property

Jay Levy

Bedrock Properties Listed on: 03/21/2013

Last Buyer's Agent

Mary Wood

Coldwell Banker Realty - Beverly

Coldwell Banker Realty - Beverly

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,424

Year Built

1950

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1950

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 6
  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Golf Course, Conservation Area, House of Worship, Marina, Public School
  • Electric: Fuses
  • Energy: Insulated Windows
  • Flooring: Wood, Tile, Vinyl, Wall to Wall Carpet
  • Basement: Full, Partially Finished
  • Bedroom 2: First Floor
  • Bedroom 3: Second Floor
  • Bedroom 4: Second Floor
  • Bathroom #1: First Floor
  • Kitchen: First Floor
  • Living Room: First Floor
  • Master Bedroom: First Floor
  • Master Bedroom Description: Ceiling Fan(s), Flooring - Hardwood

Exterior Features

  • Construction: Frame
  • Exterior: Shingles, Wood
  • Exterior Features: Patio, Gutters
  • Foundation: Poured Concrete

Garage/Parking

  • Garage Parking: Detached
  • Garage Spaces: 1
  • Parking: Off-Street
  • Parking Spaces: 3

Utilities

  • Heat Zones: 1
  • Hot Water: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2013
Closed on
May 31, 2013
Sold by
Amigos Rt
Bought by
King 3Rd Donald L and Mcentee Elaine M
Seller's Agent
Jay Levy
Bedrock Properties
Buyer's Agent
Mary Wood
Coldwell Banker Realty - Beverly
List Price
$279,900
Sold Price
$287,000
Premium/Discount to List
$7,100
2.54%
Current Estimated Value
$686,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$399,805
Avg. Annual Appreciation
6.98%
Original Mortgage
$243,950
Outstanding Balance
$173,811
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$481,631

Purchase Details

Listed on
Feb 13, 2013
Closed on
Mar 19, 2013
Sold by
Hayes Robert F and Hayes Mary G
Bought by
3 Amigos Rt
Seller's Agent
Doug Morrow
Churchill Properties
Buyer's Agent
Jay Levy
Bedrock Properties
List Price
$219,900
Sold Price
$230,280
Premium/Discount to List
$10,380
4.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
200.70%
Original Mortgage
$328,000
Interest Rate
3.54%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
King 3Rd Donald L $287,000 --
3 Amigos Rt $230,280 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King 3Rd Donald L $243,950
Previous Owner Hayes Robert F $328,000
Previous Owner Hayes Robert F $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2013 05/31/13 Sold $287,000 +2.5% $177 / Sq Ft
04/03/2013 04/03/13 Pending -- -- --
03/21/2013 03/21/13 For Sale $279,900 +21.5% $173 / Sq Ft
03/18/2013 03/18/13 Sold $230,280 +4.7% $190 / Sq Ft
02/19/2013 02/19/13 Pending -- -- --
02/13/2013 02/13/13 For Sale $219,900 -- $181 / 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 $5,424 $478,300 $189,400 $288,900
2024 $5,409 $465,500 $189,400 $276,100
2023 $5,179 $414,000 $173,300 $240,700
2022 $5,162 $389,600 $166,900 $222,700
2021 $4,972 $360,300 $166,900 $193,400
2020 $5,018 $347,300 $157,300 $190,000
2019 $4,994 $330,700 $149,600 $181,100
2018 $4,782 $310,900 $142,500 $168,400
2017 $4,668 $294,300 $134,800 $159,500
2016 $4,361 $278,300 $118,800 $159,500
2015 $4,226 $257,500 $109,100 $148,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jay Levy

    Bedrock Properties

    2 Total Sales

    Jay Levy
    Section Image
  • Doug Morrow

    Seller's Agent in 2013

    Doug Morrow

    Churchill Properties

    (978) 500-1234

    19 Total Sales

    Doug Morrow
    Section Image

  • M

    Buyer's Agent in 2013

    Mary Wood

    Coldwell Banker Realty - Beverly

    17 Total Sales

    Mary Wood
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71496953

MLS Property Information Network (MLS PIN)

APN: SALE-000042-000000-000035

Massachusetts Essex County Salem 01970 Salem Willows

40 Memorial Dr, Salem, MA

This home is located at 40 Memorial Dr, Salem, MA 01970 since 21 March 2013 and is currently estimated at $686,805, approximately $423 per square foot. This property was built in 1950. 40 Memorial Dr is a home located in Essex County with nearby schools including Carlton Elementary School, Saltonstall 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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