5 Buffum St Salem, MA 01970
North Salem Neighborhood
8
Beds
2
Baths
3,360
Sq Ft
2,849
Sq Ft Lot
Highlights
- Wood Flooring
- Screened Porch
- Bathtub with Shower
- 2 Fireplaces
- Tandem Parking
- 4-minute walk to Patten Park
About This Home
As of July 2024This new listing is a spacious two-unit multifamily property situated conveniently within walking distance to downtown Salem. The first unit features two bedrooms and a screen porch, perfect for enjoying the outdoors. The second and third floors house a generous five-bedroom unit with the potential for expansion, making it a versatile space for the new owner. With its prime location near restaurants, museums, and the commuter rail, this property boasts great bones and is just waiting for a new owner to make it their own. Much original woodwork, high ceilings, newer replacement windows, two fireplaces, double parlors in both units and updated heating systems.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,174
Year Built
- Built in 1915
Lot Details
- 2,849 Sq Ft Lot
- Property fronts an easement
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,360 Sq Ft Home
- Property has 1 Level
- Ceiling Fan
- 2 Fireplaces
- Wood Burning Fireplace
- Insulated Windows
- Family Room
- Living Room
- Dining Room
- Screened Porch
- Wood Flooring
- Finished Basement
- Basement Fills Entire Space Under The House
- Range
Bedrooms and Bathrooms
- 8 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Parking
- 2 Car Parking Spaces
- Tandem Parking
- Driveway
- Open Parking
- Off-Street Parking
Schools
- Salem High School
Utilities
- No Cooling
- 2 Heating Zones
- Heating System Uses Steam
Community Details
- 2 Units
- Net Operating Income $26,400
Listing and Financial Details
- Assessor Parcel Number 2132447
Map
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
Average Home Value in this Area
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $693,000 | Purchase Money Mortgage | |
| Closed | $59,000 | No Value Available | |
| Closed | $95,000 | No Value Available | |
| Closed | $64,000 | No Value Available | |
| Closed | $60,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2024 07/23/24 | Sold | $770,000 | 0.0% | $229 / Sq Ft |
| 05/23/2024 05/23/24 | Pending | -- | -- | -- |
| 05/13/2024 05/13/24 | For Sale | $769,900 | -- | $229 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $8,935 | $787,900 | $194,200 | $593,700 |
| 2024 | $8,174 | $703,400 | $184,500 | $518,900 |
| 2023 | $7,881 | $630,000 | $170,300 | $459,700 |
| 2022 | $8,149 | $615,000 | $164,600 | $450,400 |
| 2021 | $7,685 | $556,900 | $153,300 | $403,600 |
| 2020 | $7,537 | $521,600 | $144,800 | $376,800 |
| 2019 | $7,443 | $492,900 | $137,400 | $355,500 |
| 2018 | $5,784 | $376,100 | $130,600 | $245,500 |
| 2017 | $5,365 | $338,300 | $110,100 | $228,200 |
| 2016 | $5,221 | $333,200 | $105,000 | $228,200 |
| 2015 | $5,056 | $308,100 | $96,500 | $211,600 |
Source: Public Records
About the Listing Agent
With my appraisal background and Roberta’s sales experience, along with 25+ years in selling real estate, the Gingle-Lerman Realty Group partnership was formed in 2018. We are constantly striving to bring cutting-edge technology and marketing to our clients. We offer professional photography, drone video, floor plans, and extensive social media promotion no matter the price point.
Our clients have access to our extensive network of experienced and expert vendors from attorneys,
Marcie's Other Listings
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73236992
APN: SALE-000026-000000-000316
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.
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
- 9 Buffum St Unit 1
- 20 Mason St Unit 2
- 12-14 Mason St
- 28 Mason St
- 11 1/2 Mason St Unit 2
- 12 S Mason St Unit 1
- 23 Buffum St
- 3 S Mason St
- 24 Dunlap St
- 17 Dunlap St
- 143 North St Unit 2
- 42 School St Unit 2
- 12 School St Unit 3
- 15-17 Harris St Unit 1
- 38 Tremont St
- 18 Franklin St Unit 302
- 18 Franklin St Unit PH-11
- 18 Franklin St Unit 303
- 18 Franklin St Unit 201
- 57 Buffum St Unit 1