$1,040,000
SOLD JUL 2, 2024

42 Harbor St Salem, MA 01970

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

Recently Sold

$264 Per Sq Ft

5% Below List Price

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

Massachusetts Bay Realty Advisors, LLC Listed on: 04/04/2024

Co-Listed By

Redington Group

Massachusetts Bay Realty Advisors, LLC

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
  • Buyer Agency: 2
  • Transaction Broker: 1
  • 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
  • Total Bathrooms: 4
  • Basement: Full
  • Living Area: 3935
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN5633
  • LIST PRICE PER Sq Ft: 279.54
  • PRICE PER Sq Ft: 264.29
  • 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 Area: 0.08
  • Lot Size Sq Ft: 3350
  • Lot Size Units: Acres
  • PAGE: 115
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 10232.93
  • Tax Book Number: 28827

Multi Family

  • Gross Income: 81900
  • 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 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

Similar Homes in Salem, MA

  • 47 Winthrop St, Salem, MA 01970

    $1,050,000

    • 7 Beds
    • 4.5 Baths
    • 2,858 Sq Ft
    • 47 Winthrop St
    • Salem, MA

    Turnkey 3-family gem in the heart of downtown Salem! Fully renovated units, strong rental income, and location make this an exceptional opportunity for investors or owner-occupants seeking cash flow and long-term growth. Unit 1 offers 3 beds/2 baths with stylish finishes and generous living space. Unit 2 features 3 beds/1.5 baths has been renovated and will be delivered vacant ideal for an owner

    Cynthia Nina-Soto Nina-Soto Realty, LLC

    Section Image
  • 11 Barr St, Salem, MA 01970

    $1,050,000

    • 6 Beds
    • 3 Baths
    • 3,044 Sq Ft
    • 11 Barr St
    • Salem, MA

    Outstanding opportunity to own a well-maintained three-family property in the highly sought-after North Salem neighborhood. This classic multi-family offers three spacious units with separate utilities, off-street parking, and a strong rental history. Located just minutes from downtown Salem, the commuter rail, shops, and restaurants, the property is ideal for both investors and owner-occupants.

    Jordan Ryan Keller Williams Realty Evolution

    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
  • 18 Balcomb St, Salem, MA 01970

    $1,075,000

    • 7 Beds
    • 3.5 Baths
    • 4,310 Sq Ft
    • 18 Balcomb St
    • Salem, MA

    Perfect for owner-occupied income producing property, straight-up investment opportunity, or potential condo conversion for developers. Rare Salem 2-family (side-by-side) duplex offering spacious sunny rooms with 2 driveways and good-sized yard seeks new steward. Unit 1 (current owner’s home) offers 4 bedrooms, renovated kitchen and 2 full baths plus interior access to own basement with laundry.

    Nancy Peterson J. Barrett & Company

    Section Image
See All Homes in Salem

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

Property History

Date Event Price Change Sq Ft Price
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

    Massachusetts Bay Realty Advisors, LLC

    (617) 784-5998

    Section Image

  • R

    Seller Co-Listing Agent in 2024

    Redington Group

    Massachusetts Bay Realty Advisors, LLC

  • Donald Richmond

    Buyer's Agent in 2024

    Donald Richmond

    Gold Key Realty LLC

    (339) 987-1295

    1 in this area

    94 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

This home is located at 42 Harbor St, Salem, MA 01970 and is currently priced at $1,040,000, approximately $264 per square foot. This property was built in 1915. 42 Harbor 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.

Nearby Homes