5 Read St Salem, MA 01970
Castle Hill NeighborhoodEstimated Value: $568,000 - $648,523
6
Beds
2
Baths
2,140
Sq Ft
$288/Sq Ft
Est. Value
About This Home
This home is located at 5 Read St, Salem, MA 01970 and is currently estimated at $616,631, approximately $288 per square foot. 5 Read St is a home located in Essex County with nearby schools including Horace Mann Laboratory, Saltonstall School, and Witchcraft Heights Elementary School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 15, 2009
Sold by
Collett James B
Bought by
10 Meadow Street Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Outstanding Balance
$103,033
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$513,598
Purchase Details
Closed on
Oct 7, 2009
Sold by
Aurora Loan Svcs Llc
Bought by
Collett James B
Purchase Details
Closed on
Feb 3, 2009
Sold by
Drinkwater John F
Bought by
Aurora Loan Svcs Llc
Purchase Details
Closed on
Jun 1, 1989
Sold by
Palm Richard
Bought by
Palm Eric
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
10.84%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 10 Meadow Street Llc | -- | -- | |
| Collett James B | $185,000 | -- | |
| Aurora Loan Svcs Llc | $242,000 | -- | |
| Palm Eric | $270,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Palm Eric | $157,000 | |
| Previous Owner | Palm Eric | $100,000 | |
| Previous Owner | Palm Eric | $175,000 |
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 | $6,088 | $536,900 | $195,000 | $341,900 |
| 2024 | $5,890 | $506,900 | $185,300 | $321,600 |
| 2023 | $5,661 | $452,500 | $171,100 | $281,400 |
| 2022 | $5,572 | $420,500 | $165,400 | $255,100 |
| 2021 | $5,481 | $397,200 | $154,000 | $243,200 |
| 2020 | $5,253 | $363,500 | $145,400 | $218,100 |
| 2019 | $5,219 | $345,600 | $138,000 | $207,600 |
| 2018 | $5,049 | $328,300 | $131,100 | $197,200 |
| 2017 | $4,693 | $295,900 | $110,600 | $185,300 |
| 2016 | $4,557 | $290,800 | $105,500 | $185,300 |
| 2015 | $4,454 | $271,400 | $96,900 | $174,500 |
Source: Public Records
Map
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