Seller's Agent in 2019
Connolly Gallo Team
RE/MAX 360
(978) 808-6718
80 Total Sales
5 Winthrop St Salem, MA 01970
Broad Street NeighborhoodEstimated Value: $892,000 - $1,040,000
6
Beds
3
Baths
3,055
Sq Ft
$308/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Porch
- 3-minute walk to Bunny Puttman Park
About This Home
As of May 2019Investment opportunity! Rarely available spacious 2 family off the McIntire Historic District. The 1st floor unit consists of 2 bedrooms, 1 bath, living room, dining room, eat-in kitchen w/ pantry, and plenty of storage! This unit rents for $1950/month and can be used as a 3 bedroom unit. The 2nd unit is a townhouse style with the same layout PLUS 3 bedrooms, a living room, and 2nd full bath on the 3rd floor! This unit rents for $2500/month and can be used as a 6 bedroom unit. Replacement windows, refinished HW floors, high ceilings, and many period details! Separate gas heating, hot water, updated C/B panels. Laundry hookups in the basement with tons of room for storage. Maintenance free yard and 3-car parking side-by-side. Walking distance to the commuter rail and downtown Salem! Leases are in place, rents have room to grow overtime making this investment an even better opportunity!
Last Buyer's Agent
Stephanie Mancinelli
RE/MAX Platinum License #448554258
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,070
Year Built
- Built in 1870
Lot Details
- 2,614
Interior Spaces
- Window Screens
- Basement
Flooring
- Wood
- Tile
Outdoor Features
- Rain Gutters
- Porch
Listing and Financial Details
- Assessor Parcel Number M:25 L:0548
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 3, 2019
Closed on
May 3, 2019
Sold by
Qtf Property Solutions
Bought by
Desrocher James
Seller's Agent
Connolly Gallo Team
RE/MAX 360
Buyer's Agent
Stephanie Mancinelli
RE/MAX Platinum
List Price
$599,900
Sold Price
$650,000
Premium/Discount to List
$50,100
8.35%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,225
Avg. Annual Appreciation
5.93%
Original Mortgage
$470,250
Outstanding Balance
$411,757
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$530,468
Purchase Details
Closed on
May 31, 2018
Sold by
Elouche Akram
Bought by
Qtf Property Solutions
Purchase Details
Listed on
Jul 6, 2017
Closed on
Oct 6, 2017
Sold by
Birch Grove Rt
Bought by
Elouche Akram
Seller's Agent
Pam McKee
Keller Williams Realty Evolution
Buyer's Agent
Connolly Gallo Team
RE/MAX 360
List Price
$529,000
Sold Price
$521,000
Premium/Discount to List
-$8,000
-1.51%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%
Original Mortgage
$339,000
Interest Rate
4.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 17, 1998
Sold by
Deane Donald M
Bought by
Bjorklund Laura L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,650
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage
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
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Desrocher James | $650,000 | -- | |
| Qtf Property Solutions | -- | -- | |
| Elouche Akram | $521,000 | -- | |
| Bjorklund Laura L | $177,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Desrocher James | $470,250 | |
| Previous Owner | Elouche Akram | $339,000 | |
| Previous Owner | Bjorklund Laura L | $157,650 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/08/2019 05/08/19 | Sold | $650,000 | +8.4% | $213 / Sq Ft | |
| 04/09/2019 04/09/19 | Pending | -- | -- | -- | |
| 04/03/2019 04/03/19 | For Sale | $599,900 | +15.1% | $196 / Sq Ft | |
| 10/06/2017 10/06/17 | Sold | $521,000 | -1.5% | $171 / Sq Ft | View Prior Sale |
| 08/10/2017 08/10/17 | Pending | -- | -- | -- | |
| 07/06/2017 07/06/17 | For Sale | $529,000 | -- | $173 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $9,070 | $799,800 | $192,900 | $606,900 |
| 2024 | $8,361 | $719,500 | $183,300 | $536,200 |
| 2023 | $8,129 | $649,800 | $169,200 | $480,600 |
| 2022 | $8,114 | $612,400 | $163,600 | $448,800 |
| 2021 | $7,678 | $556,400 | $152,300 | $404,100 |
| 2020 | $6,800 | $470,600 | $143,800 | $326,800 |
| 2019 | $7,503 | $496,900 | $136,500 | $360,400 |
| 2018 | $6,919 | $449,900 | $129,700 | $320,200 |
| 2017 | $5,873 | $370,300 | $109,400 | $260,900 |
| 2016 | $5,723 | $365,200 | $104,300 | $260,900 |
| 2015 | $5,389 | $328,400 | $95,900 | $232,500 |
Source: Public Records
Agents Affiliated with this Home
-
Connolly Gallo Team
-
S
Buyer's Agent in 2019
Stephanie Mancinelli
Re/Max Platinum
-
Pam McKee
Seller's Agent in 2017
Pam McKee
Keller Williams Realty Evolution
(978) 500-4047
8 in this area
96 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72475371
APN: SALE-000025-000000-000548
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.
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