$385,000
SOLD NOV 17, 2017

5 Wall St Salem, MA 01970

Gallows Hill Neighborhood
5 Beds
2 Baths
1,582 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$243 Per Sq Ft

4% Above List Price

11 Days on Market

About This Home

As of June 2022

Quiet, Gallows Hill neighborhood two-family with large corner lot and four off street parking spaces, perfect for owner occupant or investor. New roof and solar panel system installed in 2016, updated electric service, insulated windows, two baths updated in 2017, common heat and tankless hot water. Property needs redecorating but rents below market neighborhood rents.

Last Agent to Sell the Property

Kathy Sullivan

RE/MAX Beacon Listed on: 08/22/2017

RE/MAX Beacon

Last Buyer's Agent

Shari McStay

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,107

Year Built

1870

Lot Details

0

Listing Details

  • Lot Description: Corner, Paved Drive, Gentle Slope
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Yes
  • Year Built Description: Approximate
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1870

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 9
  • Amenities: Public Transportation, Shopping, Park, Golf Course, Medical Facility, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • Electric: Circuit Breakers, 100 Amps, Individually Metered
  • Energy: Insulated Windows, Solar Features
  • Flooring: Wood, Tile, Vinyl, Wall to Wall Carpet
  • Basement: Full, Bulkhead
  • Full Bathrooms: 2
  • Total Levels: 3
  • Main Lo: C58300
  • Main So: C95098
  • Estimated Sq Ft: 1582.00

Exterior Features

  • Construction: Frame
  • Exterior: Vinyl
  • Foundation: Fieldstone, Granite

Garage/Parking

  • Parking: Off-Street, Common, Paved Driveway
  • Parking Spaces: 4

Utilities

  • Heat Zones: 2
  • Hot Water: Oil, Tankless
  • Utility Connections: for Electric Range, Washer Hookup
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Zoning: R1
  • Acre: 0.13
  • Lot Size: 5858.00

Multi Family

  • APOD Available: Yes
  • Expenses Year End: 12/16
  • Heat Units: 1
  • Total Bedrooms: 5
  • Total Floors: 3
  • Total Full Baths: 2
  • Total Levels: 3
  • Total Rms: 9
  • Total Rent_1: 2840
  • Multi Family Type: 2 Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2017
Closed on
Nov 17, 2017
Sold by
Bowie Alemnji George and Bowie Maryland
Bought by
Pena Jenny J
Seller's Agent
Kathy Sullivan
RE/MAX Beacon
Buyer's Agent
Shari McStay
Keller Williams Realty Evolution
List Price
$369,000
Sold Price
$385,000
Premium/Discount to List
$16,000
4.34%
Current Estimated Value
$739,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$354,497
Avg. Annual Appreciation
8.66%
Original Mortgage
$365,750
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2009
Sold by
Mcglone Richard C and Mcglone Randall S
Bought by
Alemnji George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,834
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2003
Sold by
Mcglone Joanne M and Mcglone Richard C
Bought by
Mcglone Richard C
Source: Public Records

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 Type Sale Price Title Company
Not Resolvable $385,000 --
Deed $230,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $414,000 Stand Alone Refi Refinance Of Original Loan
Closed $200,000 Commercial
Closed $365,750 New Conventional
Previous Owner $226,623 FHA
Previous Owner $225,834 Purchase Money Mortgage
Previous Owner $113,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2022 06/30/22 Sold $670,000 +4.7% $386 / Sq Ft
05/24/2022 05/24/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $639,900 +66.2% $369 / Sq Ft
11/17/2017 11/17/17 Sold $385,000 +4.3% $243 / Sq Ft
09/02/2017 09/02/17 Pending -- -- --
08/22/2017 08/22/17 For Sale $369,000 -- $233 / 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 $7,107 $626,700 $209,600 $417,100
2024 $6,812 $586,200 $199,100 $387,100
2023 $6,615 $528,800 $183,800 $345,000
2022 $6,628 $500,200 $177,700 $322,500
2021 $6,298 $456,400 $165,400 $291,000
2020 $6,096 $421,900 $156,300 $265,600
2019 $6,038 $399,900 $148,300 $251,600
2018 $5,604 $364,400 $140,900 $223,500
2017 $5,208 $328,400 $118,900 $209,500
2016 $5,060 $322,900 $113,400 $209,500
2015 $4,903 $298,800 $104,200 $194,600
Source: Public Records

Agents Affiliated with this Home

  • Shari McStay

    Seller's Agent in 2022

    Shari McStay

    Keller Williams Realty Evolution

    (978) 590-9190

    2 in this area

    152 Total Sales

    Shari McStay
    Section Image

  • S

    Seller Co-Listing Agent in 2022

    Steven McStay

    Keller Williams Realty Evolution

    (978) 210-5402

    2 in this area

    73 Total Sales

    Steven McStay
    Section Image
  • Coa Realty Group

    Buyer's Agent in 2022

    Coa Realty Group

    Empire Real Estate™

    (617) 545-5505

    1 in this area

    94 Total Sales

    Coa Realty Group
    Section Image
  • Kathy Sullivan

    Seller's Agent in 2017

    Kathy Sullivan

    RE/MAX

    (781) 771-9949

    59 Total Sales

    Kathy Sullivan
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72217407

MLS Property Information Network (MLS PIN)

APN: SALE-000015-000000-000079

Massachusetts Essex County Salem 01970 Gallows Hill

5 Wall St, Salem, MA

This home is located at 5 Wall St, Salem, MA 01970 and is currently priced at $385,000, approximately $243 per square foot. This property was built in 1870. 5 Wall St is a home located in Essex County with nearby schools including Witchcraft Heights Elementary School, Horace Mann Laboratory, and Bates Elementary School.

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.

MLS Property Information Network (MLS PIN) 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