NOT LISTED FOR SALE

56 Highland Ave Salem, MA 01970

Gallows Hill Neighborhood

Estimated Value: $733,254 - $864,000

6 Beds
2 Baths
3,224 Sq Ft
$248/Sq Ft Est. Value

Last Sold July 23, 2018

Last sale price $470,000 $146 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $4,820/month

4 Days on Market

About This Home

As of July 2018

Multiple offer notification: Best and Highest due Monday, 5/7 @4pm.. Come one-come all! Sprawling 2 family with garage and yard. Large corner lot with plenty of off-street parking convenient to everything, just minutes to commuter rail and downtown. First floor offers 5 rooms, 2-3 bedrooms with newer windows, 2nd & 3rd floor offer 10 rooms with tons of potential for up to 7 bedrooms. Both units have newer gas heat and hot water. The detached garage enjoys its own private yard space This property is perfect for investor, owner occupant, or condo conversion. Open House SAT & SUN 2-4PM only - don't miss it!

Last Agent to Sell the Property

Colby Boulay

Coldwell Banker Realty - Boston Listed on: 05/03/2018

Coldwell Banker Realty - Boston

Co-Listed By

Eric Towne

Last Buyer's Agent

Matthew Power

1 Percent Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 0.26

Parking

  • 2 Car Garage

Additional Features

  • Wood Flooring
  • Porch
  • Water Holding Tank
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:25 L:0015

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0.26 Acres

Parking

2

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 123.76
  • Comp Based On: Net Sale Price
  • Year Built: 1910
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1910

Interior Features

  • Flooring: Wood
  • Total Flrs: 3
  • No Bedrooms: 6
  • Total Brs: 6
  • Full Bathrooms: 2
  • Total Fbh: 2
  • No Rooms: 15
  • Basement: Y
  • Basement Features: Full, Unfinished Basement
  • Main Lo: C86500
  • Main So: C86500
  • Estimated Sq Ft: 3224.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1 to 2 Mile
  • Construction: Frame
  • Roof Material: Slate
  • Exterior: Vinyl
  • Exterior Features: Porch
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 4
  • Garage Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Heat Zones: 2
  • Hot Water: Tank

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Golf Course, Medical Facility, Conservation Area, Marina, Public School, T-Station, University

Lot Info

  • Assessments: 310700.00
  • Acre: 0.26
  • Lot Size: 11321.00
  • Page: 519
  • Parcel Number: M:25 L:0015
  • Zoning: R2
  • Lot Description: Corner, Easements

Multi Family

  • Heat Units: 2
  • Total Levels: 3
  • Total Rms: 15
  • No Units: 2
  • Mf Type: 2 Family

Tax Info

  • Taxes: 4779.00
  • Assessor Parcel Number: 2131321

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2018
Closed on
Jul 24, 2018
Sold by
Jackson Christopher and Jackson Nicol
Bought by
Burke Nicole K
Seller's Agent
Colby Boulay
Coldwell Banker Realty - Boston
Buyer's Agent
Matthew Power
1 Percent Realty, LLC
List Price
$399,000
Sold Price
$470,000
Premium/Discount to List
$71,000
17.79%
Current Estimated Value
$800,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,564
Avg. Annual Appreciation
7.18%
Original Mortgage
$478,291
Outstanding Balance
$421,158
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$379,406

Purchase Details

Closed on
Jan 11, 2010
Sold by
Rocheville Scott
Bought by
Rocheville Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,631
Interest Rate
4.92%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 29, 2008
Sold by
Fnma
Bought by
Rocheville Scott

Purchase Details

Closed on
Oct 30, 2000
Sold by
Hogan Anne T and Dolan Margaret R
Bought by
Canniffe J Michael and Canniffe Alicia E

Purchase Details

Closed on
Oct 24, 1997
Sold by
Hogan Christopher B and Hogan Patricia
Bought by
Dolan Kevin A and Dolan Margaret R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
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
Burke Nicole K $470,000 --
Rocheville Scott -- --
Rocheville Scott $295,000 --
Canniffe J Michael $250,000 --
Dolan Kevin A $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burke Nicole K $478,291
Previous Owner Dolan Kevin A $306,631
Previous Owner Dolan Kevin A $302,471
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2018 07/23/18 Sold $470,000 +17.8% $146 / Sq Ft
05/07/2018 05/07/18 Pending -- -- --
05/03/2018 05/03/18 For Sale $399,000 -- $124 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $7,306 $644,300 $177,200 $467,100
2024 $6,799 $585,100 $177,200 $407,900
2023 $6,476 $517,700 $156,300 $361,400
2022 $6,625 $500,000 $145,900 $354,100
2021 $6,256 $453,300 $136,200 $317,100
2020 $6,318 $437,200 $141,000 $296,200
2019 $5,364 $355,200 $128,500 $226,700
2018 $4,779 $310,700 $111,200 $199,500
2017 $4,357 $274,700 $88,900 $185,800
2016 $4,305 $274,700 $88,900 $185,800
2015 $4,084 $248,900 $76,400 $172,500
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Colby Boulay

    Coldwell Banker Realty - Boston

    9 Total Sales

    Colby Boulay
    Section Image

  • E

    Seller Co-Listing Agent in 2018

    Eric Towne

    Section Image
  • Matthew Power

    Buyer's Agent in 2018

    Matthew Power

    1 Percent Realty, LLC

    (978) 944-9600

    19 Total Sales

    Matthew Power
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72320720

MLS Property Information Network (MLS PIN)

APN: SALE-000025-000000-000015

Massachusetts Essex County Salem 01970 Gallows Hill

56 Highland Ave, Salem, MA

Not Listed for Sale

MultiFamily

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