R
Seller's Agent in 2022
Rosa Valera
Valera Realty Services
56 Salem St Salem, MA 01970
The Point NeighborhoodEstimated Value: $821,238 - $860,000
5
Beds
4
Baths
2,295
Sq Ft
$366/Sq Ft
Est. Value
Highlights
- Medical Services
- Deck
- Wood Flooring
- Waterfront
- Property is near public transit
- 2-minute walk to Mary Jane Lee Park
About This Home
As of March 2022PLEASE READ, LOOK AT THE PICTS AND COME AND SEE BY YOURSELVES!!!!!!! Freshly painted, less than a month ago, even changed from Yellow to Blue.This is a great opportunity for owner occupied and/ or investors to get this three family home in the heart of Salem. Growing market with great rental history. Fully finished basement, three rooms, and full bath, all repairs done in the last two years. . Two over sizes back deck for the privacy of Summer gatherings. one car garage, three off the street parking. First and second floor boosts four rooms, two beds and ample EIK, Boilers Installed in 2019, newer ceramic baths and in- unit laundry H/Ups in first and second floor. New windows and water heaters all in 2019. Electric wiring, House electrical panel. Two egress for basement. All the hard-work had been done by current owner, take possession, live and get help with mortgage payments. or savvy investor in the Salem growing market.
Last Agent to Sell the Property
Rosa Valera
Valera Realty Services Listed on: 11/04/2021
Last Buyer's Agent
Rosa Valera
Valera Realty Services Listed on: 11/04/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,813
Year Built
- Built in 1915
Lot Details
- 2,614 Sq Ft Lot
- Waterfront
- Irregular Lot
Parking
- 1 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,295 Sq Ft Home
- Family Room
- Storage
- Laundry Room
- Finished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Outdoor Features
- Walking Distance to Water
- Deck
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Cooling Available
- Heating Available
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $1,700
- Rent includes unit 1(water other (see remarks)), unit 2(water other (see remarks)), unit 3(water other (see remarks))
- Assessor Parcel Number M:34 L:0134,2135550
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Park
Building Details
- Operating Expense $3,600
- Net Operating Income $50,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 4, 2021
Closed on
Mar 17, 2022
Sold by
Silverio Arinson
Bought by
Valera Melida
Seller's Agent
Rosa Valera
Valera Realty Services
Buyer's Agent
Rosa Valera
Valera Realty Services
List Price
$699,999
Sold Price
$695,000
Premium/Discount to List
-$4,999
-0.71%
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
$147,363
Avg. Annual Appreciation
5.69%
Original Mortgage
$590,750
Outstanding Balance
$558,156
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$281,154
Purchase Details
Listed on
Jul 26, 2016
Closed on
Nov 7, 2016
Sold by
Pierre Raymond Leo S E
Bought by
Silverio Arinson
Seller's Agent
Carol St. Pierre
Tache Real Estate, Inc.
Buyer's Agent
Rosa Valera
Valera Realty Services
List Price
$339,900
Sold Price
$378,000
Premium/Discount to List
$38,100
11.21%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.06%
Original Mortgage
$371,153
Interest Rate
3.25%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 1, 1992
Sold by
Eastern Bank
Bought by
Stpierre Raymond L
Purchase Details
Closed on
Nov 22, 1991
Sold by
Hezekiah J Alan
Bought by
Eastern Bank
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 |
|---|---|---|---|
| Valera Melida | $695,000 | None Available | |
| Silverio Arinson | $378,000 | -- | |
| Stpierre Raymond L | $79,000 | -- | |
| Eastern Bank | $86,800 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Valera Melida | $590,750 | |
| Previous Owner | Silverio Arinson | $399,000 | |
| Previous Owner | Silverio Arinson | $371,153 | |
| Previous Owner | Eastern Bank | $50,000 | |
| Previous Owner | Eastern Bank | $105,000 | |
| Previous Owner | Eastern Bank | $63,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/17/2022 03/17/22 | Sold | $695,000 | -0.7% | $303 / Sq Ft |
| 11/25/2021 11/25/21 | Pending | -- | -- | -- |
| 11/04/2021 11/04/21 | For Sale | $699,999 | +85.2% | $305 / Sq Ft |
| 11/09/2016 11/09/16 | Sold | $378,000 | +11.2% | $194 / Sq Ft |
| 07/31/2016 07/31/16 | Pending | -- | -- | -- |
| 07/26/2016 07/26/16 | For Sale | $339,900 | -- | $174 / 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 | $7,879 | $694,800 | $143,700 | $551,100 |
| 2024 | $7,642 | $657,700 | $143,700 | $514,000 |
| 2023 | $7,415 | $592,700 | $126,800 | $465,900 |
| 2022 | $7,087 | $534,900 | $118,300 | $416,600 |
| 2021 | $6,813 | $493,700 | $110,400 | $383,300 |
| 2020 | $6,034 | $417,600 | $81,400 | $336,200 |
| 2019 | $5,915 | $391,700 | $71,800 | $319,900 |
| 2018 | $5,521 | $359,000 | $71,800 | $287,200 |
| 2017 | $4,869 | $307,000 | $61,300 | $245,700 |
| 2016 | $4,811 | $307,000 | $61,300 | $245,700 |
| 2015 | $4,083 | $248,800 | $52,700 | $196,100 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller's Agent in 2016
Carol St. Pierre
Tache Real Estate, Inc.
(978) 578-1922
47 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72916564
APN: SALE-000034-000000-000134
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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