NOT LISTED FOR SALE

Estimated Value: $716,000 - $874,000

7 Beds
3 Baths
2,902 Sq Ft
$269/Sq Ft Est. Value

Last Sold December 16, 2016

Last sale price $360,000 $124 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $4,827/month

74 Days on Market

About This Home

As of December 2016

***Multiple Offer Notification - Highest and Best due by 5pm on 10/19*** Enjoy everything that Salem has to offer with this great home. Centrally located near parks, beaches, museums, and many area restaurants. This is a fantastic opportunity to own a solid multifamily in historic and vibrant Salem, MA. This home offers 2 units each with separate utilities. 1st floor offers a spacious 3 bedroom apartment with hardwood floors and tiled kitchen and dining rooms. The 2nd floor offers a townhouse style layout with a 3rd floor master suite. Your new master suite features a private bath, office space and a comfortable sitting area. Bringing in a solid $3100 per month in rent this home is perfect for both the owner occupant as well as the seasoned investor. 2nd floor townhouse can rent for much more giving you total flexibility over your future finances. Opportunities like these don't come around too often so don't delay and schedule your private showing today

Last Agent to Sell the Property

Cynthia Nina-Soto

Nina-Soto Realty, LLC Listed on: 08/08/2016

Last Buyer's Agent

Lucien Nere

Pena Realty Corporation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,809

Year Built

1916

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1916

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 15
  • Amenities: Public Transportation, Park, Medical Facility, Laundromat, House of Worship, Public School, T-Station, University
  • Flooring: Wood, Tile
  • Basement: Full, Concrete Floor
  • Total Levels: 3

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Wood
  • Exterior Features: Porch, Gutters
  • Foundation: Fieldstone, Brick
  • Beach: Harbor
  • Beach Ownership: Public

Garage/Parking

  • Parking: Off-Street, Tandem
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Assessor Parcel Number: M:34 L:0158
  • Zoning: R3

Multi Family

  • Total Bedrooms: 7
  • Total Floors: 3
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 15
  • Total Rent_1: 3100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2020
Sold by
Cajus Claire
Bought by
Desiree Ft
Total Days on Market
74
Current Estimated Value
$781,786

Purchase Details

Listed on
Aug 8, 2016
Closed on
Dec 16, 2016
Sold by
Guerrero Francisco A
Bought by
Cajus Claire
Seller's Agent
Cynthia Nina-Soto
Nina-Soto Realty, LLC
Buyer's Agent
Lucien Nere
Pena Realty Corporation
List Price
$359,999
Sold Price
$360,000
Premium/Discount to List
$1
0.0%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.23%
Original Mortgage
$288,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 1999
Sold by
Beauvais Shirley M
Bought by
Guerrero Francisco A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,150
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage
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
Desiree Ft -- None Available
Cajus Claire $360,000 --
Guerrero Francisco A $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cajus Claire $288,000
Previous Owner Beauvais Shirley M $231,500
Previous Owner Beauvais Shirley M $220,000
Previous Owner Beauvais Shirley M $82,150
Previous Owner Beauvais Shirley M $37,000
Closed Beauvais Shirley M $5,095
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2016 12/16/16 Sold $360,000 0.0% $124 / Sq Ft
10/21/2016 10/21/16 Pending -- -- --
08/31/2016 08/31/16 For Sale $359,999 0.0% $124 / Sq Ft
08/24/2016 08/24/16 Pending -- -- --
08/08/2016 08/08/16 For Sale $359,999 -- $124 / 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 $6,809 $600,400 $142,100 $458,300
2024 $6,449 $555,000 $142,100 $412,900
2023 $6,141 $490,900 $125,400 $365,500
2022 $6,257 $472,200 $117,000 $355,200
2021 $5,924 $429,300 $109,200 $320,100
2020 $5,492 $380,100 $80,500 $299,600
2019 $5,354 $354,600 $71,000 $283,600
2018 $4,962 $322,600 $71,000 $251,600
2017 $4,347 $274,100 $60,600 $213,500
2016 $4,295 $274,100 $60,600 $213,500
2015 $3,630 $221,200 $52,100 $169,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72049880

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000158