NOT LISTED FOR SALE

Estimated Value: $950,000 - $986,000

8 Beds
3 Baths
3,170 Sq Ft
$306/Sq Ft Est. Value

Last Sold January 19, 2024

Last sale price $900,000 $284 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,818/month

5 Days on Market

Highlights

  • Deck
  • 1 Car Garage
  • Heating Available
  • Enclosed patio or porch

About This Home

As of January 2024

Classic 3 unit / 8 bedroom property for sale in Salem! Large units are ready for new owners to update and bring this property to its true potential. The 1st & 2nd floor units each offer 1,161 square feet with 3 bedrooms, 1 full bath, large kitchen with pantry, sun porches and rear decks. Each unit is bright and welcoming. The 3rd floor is charming with 848 square feet with 2 bedrooms, 1 full bath and private rear deck. Approximately (15) windows were updated within the year and the oil tank has been updated as well. The heating system was replaced in approx. 2012. There is an electrical panel per unit and there is (1) heating system and (1) hot water tank in the property. The exterior offers a small private yard, parking for at least 6 vehicles and garage for added storage. 3rd floor photos will be uploaded to MLS on 12/8.

Last Agent to Sell the Property

Jennifer Sullivan

Keller Williams Realty Evolution Listed on: 12/07/2023

Keller Williams Realty Evolution

Last Buyer's Agent

Brian Reardon

Five Mark Realty Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,635

Year Built

  • Built in 1915

Lot Details

  • 4,347

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • 3,170 Sq Ft Home
  • Triplex
  • Stone Foundation
  • Slate Roof

Kitchen

  • Free-Standing Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Outdoor Features

  • Deck
  • Enclosed patio or porch

Additional Features

  • Dryer
  • 4,347 Sq Ft Lot
  • Heating Available

Community Details

  • 3 Units
  • Property has 1 Level

Listing and Financial Details

  • Assessor Parcel Number 2134671

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,635

Year Built

Built in 1915

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1915
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 1%
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Unit 1(Ceiling Fans,Pantry,Bathroom With Tub & Shower), Unit 2(Ceiling Fans,Pantry,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen,Sunroom,Other (See Remarks)), Unit 2 Rooms(Living Room,Kitchen,Sunroom,Other (See Remarks)), Unit 3 Rooms(Living Room,Kitchen,Other (See Remarks))
  • Fireplace YN: No
  • Appliances: Dryer, Freezer - Upright, Unit 1(Range,Dishwasher,Refrigerator), Unit 2(Range,Refrigerator,Washer)
  • Total Bedrooms: 8
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
  • Living Area: 3170
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: C95098
  • LIST PRICE PER Sq Ft: 283.88
  • PRICE PER Sq Ft: 283.91
  • MAIN SO: AN6890

Exterior Features

  • Exterior Features: Porch - Enclosed,Deck,Gutters, Unit 1 Balcony/Deck, Unit 2 Balcony/Deck
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed, Deck
  • Roof: Slate
  • Waterfront Features: Beach Front, 1 to 2 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard,Oil, Unit 1(Hot Water Baseboard,Oil), Unit 2(Hot Water Baseboard,Oil)
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 1

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: 2134671
  • Zoning: B4
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4347
  • Lot Size Units: Acres
  • PAGE: 423
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5635
  • Tax Book Number: 4837

Multi Family

  • Number Of Units Total: 3
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2021
Sold by
Lapointe Norman P and Lapointe Roberta A
Bought by
Lapointe Norman P
Total Days on Market
5
Current Estimated Value
$970,094
Source: Public Records

Similar Homes in the area

  • 11 Ropes St, Salem, MA 01970

    $969,000

    • 8 Beds
    • 4 Baths
    • 4,486 Sq Ft
    • 11 Ropes St
    • Salem, MA

    Discover the potential of this spacious and well-located multifamily property, offering versatility and strong income potential. Property Features, three large, well-appointed units, generously sized bedrooms in each unit, private driveway plus additional resident street parking. Short walking distance to the commuter rail station, steps from Salem’s vibrant downtown shopping and restaurant

    Sonya Aoude Law Offices of Bradford Eliot Keene, P.C.

    Section Image
  • 47 Winthrop St, Salem, MA 01970

    $1,050,000

    • 7 Beds
    • 4.5 Baths
    • 2,858 Sq Ft
    • 47 Winthrop St
    • Salem, MA

    Turnkey 3-family gem in the heart of downtown Salem! Fully renovated units, strong rental income, and location make this an exceptional opportunity for investors or owner-occupants seeking cash flow and long-term growth. Unit 1 offers 3 beds/2 baths with stylish finishes and generous living space. Unit 2 features 3 beds/1.5 baths has been renovated and will be delivered vacant—ideal for an owner

    Cynthia Nina-Soto Nina-Soto Realty, LLC

    Section Image
  • 16 Horton St, Salem, MA 01970

    $999,000

    • 6 Beds
    • 4 Baths
    • 3,108 Sq Ft
    • 16 Horton St
    • Salem, MA

    Located in the Castle Hill area close to Salem State University, Salem Hospital, and downtown, this large 2-family has a beautifully remodeled townhouse unit that offers the space and comfort of a single-family home! Step inside and be greeted by a sun-drenched, expansive 24'x18' living/dining room combo – perfect for entertaining or relaxing. The heart of the unit is the large eat-in kitchen,

    Jim Armstrong Aluxety

    Section Image
  • 1 Japonica Ave, Salem, MA 01970

    $1,075,000

    • 8 Beds
    • 3.5 Baths
    • 5,418 Sq Ft
    • 1 Japonica Ave
    • Salem, MA

    We are pleased to present this multifamily offering which consists of 3 large units, ample on-site parking, and two garages currently used as parking and storage. The property has been very well maintained but offers investors and end-users future value through cosmetic improvements and activating additional income opportunities. The property is ideally located in a quiet residential neighborhood

    Kevin Benzinger Boston Realty Advisors

    Section Image
  • 30 Irving St, Salem, MA 01970

    $790,000

    • 6 Beds
    • 2 Baths
    • 2,250 Sq Ft
    • 30 Irving St
    • Salem, MA

    Welcome to this beautiful 2-family home nestled on a peaceful street just steps away from Mack Park. This home is perfect for both owner-occupant and savvy investors, live in one unit and rent the other for additional income. Unit #2 has been fully renovated and features vinyl flooring throughout, fresh paint, a modern kitchen with stainless steel appliances, and three generously sized

    Kristi Gjikondi Gjikondi Realty

    Section Image
  • 18 Balcomb St, Salem, MA 01970

    $1,075,000

    • 7 Beds
    • 3.5 Baths
    • 4,310 Sq Ft
    • 18 Balcomb St
    • Salem, MA

    Perfect for owner-occupied income producing property, straight-up investment opportunity, or potential condo conversion for developers. Rare Salem 2-family (side-by-side) duplex offering spacious sunny rooms with 2 driveways and good-sized yard seeks new steward. Unit 1 (current owner’s home) offers 4 bedrooms, renovated kitchen and 2 full baths plus interior access to own basement with laundry.

    Nancy Peterson J. Barrett & Company

    Section Image
  • 68 Driscoll St, Peabody, MA 01960

    $885,100

    • 6 Beds
    • 2 Baths
    • 1,980 Sq Ft
    • 68 Driscoll St
    • Peabody, MA

    STILL AVAILABLE!!!!!! Ready to Sell, Welcome the Summer months on this clean and well taken care 2 Family Home. On a prime corner lot with a great expansion potential on the third level, Providing more living space on the large unfinish attic. (Subject to local zoning regulations) Nestled in a desirable neighborhood, this well maintained home offers a fantastic opportunity for homeowners and

    Rosa Valera Valera Realty Services

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lapointe Norman P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Green Andrew $720,000
Previous Owner Lapointe Norman P $50,000
Previous Owner Lapointe Norman P $100,000
Previous Owner Lapointe Norman P $32,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2024 01/19/24 Sold $900,000 0.0% $284 / Sq Ft
12/13/2023 12/13/23 Pending -- -- --
12/07/2023 12/07/23 For Sale $899,900 -- $284 / 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 $8,031 $708,200 $168,200 $540,000
2024 $5,948 $511,900 $159,300 $352,600
2023 $5,635 $450,400 $147,500 $302,900
2022 $5,810 $438,500 $138,700 $299,800
2021 $5,697 $412,800 $138,700 $274,100
2020 $5,482 $379,400 $119,800 $259,600
2019 $5,241 $347,100 $113,900 $233,200
2018 $4,865 $316,300 $108,600 $207,700
2017 $4,599 $290,000 $88,500 $201,500
2016 $4,471 $285,300 $83,800 $201,500
2015 $4,334 $264,100 $75,500 $188,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73185696

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000135