NOT LISTED FOR SALE

42 Harbor St Salem, MA 01970

The Point Neighborhood
8 Beds
4 Baths
3,935 Sq Ft
3,350 Sq Ft Lot

Last Sold July 02, 2024

Last sale price $1,040,000 $264 Per Sq Ft

19 Days on Market

Highlights

  • Deck
  • Window Unit Cooling System
  • 2 Car Garage
  • Corner Lot
  • Living Room
  • 2-minute walk to Mary Jane Lee Park

About This Home

As of July 2024

INVESTORS TAKE NOTICE! Corner Lot 4 family building with 2 car parking garage on the side of the building. Classic brick building with potential to add more units. Any buyer would have to do their own due diligence. Building consists of two (2) 1 bedroom apartments and two (2) 3 bedroom apartments. Tenants pay for their own heat and hot water. Rents are below market value. Right down the street from downtown Salem and the commuter rail. Group showing is planned for Sunday. Please reach out if you have any questions.

Last Agent to Sell the Property

Valvel Temin

Rise Signature Homes Listed on: 04/04/2024

Co-Listed By

Redington Group

Rise Signature Homes

Last Buyer's Agent

Donald Richmond

Gold Key Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,233

Year Built

  • Built in 1915

Lot Details

  • 3,350 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Garage

Interior Spaces

  • 3,935 Sq Ft Home
  • Living Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Deck

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $6,825
  • Rent includes unit 1(water)
  • Assessor Parcel Number 2135797

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Building Details

  • Insurance Expense $4,700
  • Water Sewer Expense $2,404
  • Operating Expense $8,124
  • Net Operating Income $63,543

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,233

Year Built

Built in 1915

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1915
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Laundry Room, Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: Refrigerator
  • Total Bedrooms: 8
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full
  • Living Area: 3935
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN5633
  • MAIN SO: AN2653

Exterior Features

  • Foundation Details: Other
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Composite
  • Waterfront Features: Beach Front, Bay, Harbor, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2404

Lot Info

  • Parcel Number: 2135797
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3350
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 10232.93

Multi Family

  • Insurance Expense: 4700
  • Net Operating Income: 63543
  • Number Of Units Total: 4
  • Operating Expense: 8124
  • Total Actual Rent: 6825
  • LEVELS 1: 1
  • Basement Included Sq Ft: Yes
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2024 07/02/24 Sold $1,040,000 -5.5% $264 / Sq Ft
04/24/2024 04/24/24 Pending -- -- --
04/04/2024 04/04/24 For Sale $1,100,000 -- $280 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2024

    Valvel Temin

    Rise Signature Homes

    (617) 784-5998

    1 in this area

    7 Total Sales

    Valvel Temin
    Section Image

  • R

    Seller Co-Listing Agent in 2024

    Redington Group

    Rise Signature Homes

  • Donald Richmond

    Buyer's Agent in 2024

    Donald Richmond

    Gold Key Realty LLC

    (339) 987-1295

    1 in this area

    92 Total Sales

    Donald Richmond
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73220455

MLS Property Information Network (MLS PIN)
Massachusetts Essex County Salem 01970 The Point

42 Harbor St, Salem, MA

Not Listed for Sale

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