NOT LISTED FOR SALE

Estimated Value: $789,000 - $804,055

5 Beds
2.5 Baths
1,892 Sq Ft
$421/Sq Ft Est. Value

Last Sold July 19, 2024

Last sale price $765,000 $404 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,817/month

4 Days on Market

About This Home

As of July 2024

Welcome to this two-family home in the heart of the historic city of Salem. Close to Salem State College and down town Salem. This income producing property features a freshly painted first floor with new floors and a completely renovated bathroom. The second floor, town house style with 3 beds, one and a half bathrooms, sprawls over two levels with a large deck off the second floor kitchen over looking the back yard. The house has recently been vinyl sided and a brand new front porch put on. Come check it out before it goes!

Last Agent to Sell the Property

Jordan Ryan

Coldwell Banker Realty - Marblehead Listed on: 05/02/2024

Coldwell Banker Realty - Marblehead

Last Buyer's Agent

Herrick Lutts Realty Partners

Herrick Lutts Realty Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,384

Year Built

  • Built in 1915

Lot Details

  • 2,901 Sq Ft Lot
  • Corner Lot

Home Design

  • Concrete Perimeter Foundation

Interior Spaces

  • 1,892 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • 110 Volts

Listing and Financial Details

  • Total Actual Rent $2,200
  • Assessor Parcel Number M:33 L:0292,2134849

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $240
  • Insurance Expense $2,000
  • Water Sewer Expense $1,400
  • Operating Expense $4,240
  • Net Operating Income $41,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,384

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi 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: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bathrooms: 2.5
  • Living Area: 1892
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: C95098
  • LIST PRICE PER Sq Ft: 369.45
  • PRICE PER Sq Ft: 404.33
  • MAIN SO: AN6507

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Electric: 110 Volts
  • Water Source: Public
  • HEAT UNITS: 2
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1400

Lot Info

  • Parcel Number: M:33 L:0292,2134849
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 2901
  • Lot Size Units: Acres
  • PAGE: 576
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6384
  • Tax Book Number: 31230

Multi Family

  • Electric Expense: 240
  • Gross Income: 45600
  • Insurance Expense: 2000
  • Net Operating Income: 41360
  • Number Of Units Total: 2
  • Operating Expense: 4240
  • Total Actual Rent: 2200
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 13, 2014
Sold by
Ryan John and Ryan Jordan
Bought by
5 Hazel St Llc
Current Estimated Value
$795,764

Purchase Details

Closed on
Apr 4, 2012
Sold by
Lasalle Bank Fsb
Bought by
Ryan Jordan

Purchase Details

Closed on
Nov 4, 2010
Sold by
Gauthier Phyllis
Bought by
Bank Of America Na

Purchase Details

Closed on
Sep 14, 2006
Sold by
Knopf Heather and Reeves Thomas L
Bought by
Gauthier Phyllis

Purchase Details

Closed on
Jun 28, 2002
Sold by
Joly Mark R
Bought by
Knopf Heather

Purchase Details

Closed on
Jun 10, 1999
Sold by
Kaufman Scott D
Bought by
Joly Mark R

Purchase Details

Closed on
Sep 4, 1998
Sold by
Gauthier Edward C and Gauthier Jacqueline E
Bought by
Kaufman Scott D
Source: Public Records

Range of Values:

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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
5 Hazel St Llc -- --
5 Hazel St Llc -- --
Ryan Jordan $240,199 --
Bank Of America Na $260,000 --
Bank Of America Na $260,000 --
Gauthier Phyllis $380,000 --
Gauthier Phyllis $380,000 --
Knopf Heather $360,000 --
Knopf Heather $360,000 --
Joly Mark R $45,000 --
Joly Mark R $45,000 --
Kaufman Scott D $118,000 --
Kaufman Scott D $118,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tran David $726,750
Closed Tran David $726,750
Previous Owner Gauthier Edward C $235,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2024 07/19/24 Sold $765,000 +9.4% $404 / Sq Ft
05/07/2024 05/07/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $699,000 -- $369 / 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 $7,371 $650,000 $162,000 $488,000
2024 $6,384 $549,400 $153,500 $395,900
2023 $6,187 $494,600 $142,100 $352,500
2022 $6,290 $474,700 $133,600 $341,100
2021 $6,104 $442,300 $133,600 $308,700
2020 $5,806 $401,800 $115,400 $286,400
2019 $5,759 $381,400 $109,700 $271,700
2018 $5,331 $346,600 $104,600 $242,000
2017 $4,956 $312,500 $85,300 $227,200
2016 $4,825 $307,900 $80,700 $227,200
2015 $4,665 $284,300 $72,800 $211,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73231885

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000292