NOT LISTED FOR SALE

42 Highland Ave Unit 44 Salem, MA 01970

Gallows Hill Neighborhood

Estimated Value: $775,000 - $861,000

6 Beds
2 Baths
3,045 Sq Ft
$263/Sq Ft Est. Value

Last Sold August 18, 2016

Last sale price $399,000 $131 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $5,044/month

62 Days on Market

About This Home

As of August 2016

Remarkable opportunity in a great location! Two family on corner lot with a lot of potential! Perfect for investor or owner occupant. First unit includes two bedrooms, one bath, living room, dining room, pantry and eat in kitchen. Second unit consists of two bedrooms, one bath and a walk up heated, finished third floor. Newer roof with other updates including windows and separate heating systems. Located on a good sized lot with 5+ off street parking spaces. Enjoy the proximity to public transit, convenience to Boston and all that historic Salem has to offer. A nice place to call home.

Last Agent to Sell the Property

Jamie Breton

Daniel J. MacDonald Real Estate Listed on: 05/18/2016

Last Buyer's Agent

Louis Jeanniton

EXIT Sunshine Realty

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,181

Year Built

1912

Lot Details

0

Listing Details

  • Lot Description: Corner, Paved Drive, Easements, Fenced/Enclosed
  • Property Type: Multi-family
  • Lead Paint: Unknown
  • Year Built Description: Approximate
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1912

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 13
  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Golf Course, Medical Facility, House of Worship, Marina, Public School, T-Station, University
  • Electric: Individually Metered
  • Energy: Insulated Windows
  • Flooring: Wood, Wall to Wall Carpet
  • Basement: Full
  • Full Bathrooms: 2
  • Total Levels: 3
  • Main Lo: NB4923
  • Main So: AC1588
  • Estimated Sq Ft: 3045.00

Exterior Features

  • Construction: Frame
  • Exterior: Clapboard
  • Foundation: Fieldstone

Garage/Parking

  • Parking: Off-Street
  • Parking Spaces: 5

Utilities

  • Heat Zones: 3
  • Hot Water: Electric
  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Sewage District: Salem

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Assessor Parcel Number: M:25 L:0018
  • Zoning: R2
  • Acre: 0.22
  • Lot Size: 9700.00

Multi Family

  • Heat Units: 2
  • Total Bedrooms: 6
  • Total Floors: 3
  • Total Full Baths: 2
  • Total Levels: 3
  • Total Rms: 13
  • Total Rent_1: 2700
  • Multi Family Type: 2 Family - 2 Units Up/Down

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2016
Closed on
Aug 19, 2016
Sold by
Hoxha George and Hoxha Christine L
Bought by
Timolien Jean T and Timolien Keline
Seller's Agent
Jamie Breton
Daniel J. MacDonald Real Estate
Buyer's Agent
Louis Jeanniton
EXIT Sunshine Realty
List Price
$399,000
Sold Price
$399,000
Current Estimated Value
$802,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$403,043
Avg. Annual Appreciation
8.19%
Original Mortgage
$391,773
Outstanding Balance
$316,562
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$496,801

Purchase Details

Closed on
Oct 4, 2000
Sold by
Salem Hospital
Bought by
Hoxha George and Hoxha Christine L
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Timolien Jean T $399,000 --
Hoxha George $221,075 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Timolien Jean T $391,773
Previous Owner Hoxha George $283,000
Previous Owner Hoxha George $282,750
Previous Owner Hoxha George $206,000
Previous Owner Hoxha George $204,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2016 08/18/16 Sold $399,000 0.0% $131 / Sq Ft
07/19/2016 07/19/16 Pending -- -- --
07/19/2016 07/19/16 For Sale $399,000 0.0% $131 / Sq Ft
07/18/2016 07/18/16 Off Market $399,000 -- --
06/01/2016 06/01/16 Pending -- -- --
05/18/2016 05/18/16 For Sale $399,000 -- $131 / 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 $8,181 $721,400 $171,000 $550,400
2024 $7,636 $657,100 $171,000 $486,100
2023 $7,343 $587,000 $150,900 $436,100
2022 $7,327 $553,000 $140,800 $412,200
2021 $6,914 $501,000 $131,400 $369,600
2020 $6,845 $473,700 $136,100 $337,600
2019 $6,685 $442,700 $124,000 $318,700
2018 $5,967 $388,000 $107,300 $280,700
2017 $5,099 $321,500 $85,800 $235,700
2016 $5,038 $321,500 $85,800 $235,700
2015 $4,802 $292,600 $73,800 $218,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72008122

MLS Property Information Network (MLS PIN)

APN: SALE-000025-000000-000018