NOT LISTED FOR SALE

57 Charles St Unit 59 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $985,000 - $1,287,391

7 Beds
3 Baths
3,396 Sq Ft
$339/Sq Ft Est. Value

Last Sold February 02, 2022

Last sale price $1,050,000 $309 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $7,296/month

85 Days on Market

About This Home

As of February 2022

Updated 3 family with an adjoining parking lot, located at 38 Loring Ave, (across the street from Salem State University), comes with a two car garage and small workshop, which was recently resided. Rental fee information includes 3 apartments, 1 storage space, two garage spaces, workshop, and additional parking spaces in lot. Renovations include new plumbing, electric, windows, kitchens, exterior and interior painting, and the refinishing of hardwood flooring. Each unit has its own washer, dryer, and storage.

Last Agent to Sell the Property

Catherine St Pierre

Aluxety Listed on: 09/08/2021

Last Buyer's Agent

Catherine St Pierre

Aluxety Listed on: 09/08/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,527

Year Built

  • 1920

Lot Details

  • 0.31

Parking

  • 2

Additional Features

  • Property has 1 Level
  • 3 Heating Zones

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,527

Year Built

1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Directions: Loring Ave to Broadway St. to Charles St.
  • Garage Yn: Yes
  • Road Frontage Type: Public
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1920

Interior Features

  • Appliances: Unit 1(Range,Dishwasher,Refrigerator,Washer,Dryer,Vent Hood), Unit 2(Range,Dishwasher,Disposal,Refrigerator,Washer,Dryer,Vent Hood), Unit 3(Range,Dishwasher,Disposal,Refrigerator,Washer,Dryer,Vent Hood), Gas Water Heater,Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
  • Has Basement: Full, Interior Entry, Bulkhead, Concrete, Unfinished
  • Total Bathrooms: 3
  • MAIN LO: C95180
  • LIST PRICE PER Sq Ft: 353.36
  • PRICE PER Sq Ft: 309.19
  • MAIN SO: C95180
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace: No
  • Flooring: Tile,Vinyl,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors,Stone/Ceramic Tile Floor), Unit 3(Hardwood Floors,Stone/Ceramic Tile Floor)
  • Interior Amenities: Unit 1(Storage,Bathroom With Tub & Shower), Unit 2(Storage,Bathroom With Tub & Shower), Unit 3(Storage,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Living Room,Dining Room,Kitchen)
  • Stories: 6
  • Window Features: Insulated Windows

Exterior Features

  • Roof: Shingle
  • Foundation Details: Stone, Brick/Mortar
  • Construction Type: Frame
  • Disclosures: Property Is Partially In An Ae Flood Zone. Buyer To Do Their Own Due Diligence To Verify Income And Expenses. Pictures Are Prior To Tenants Occupying The Units.
  • Home Warranty: No
  • Patio And Porch Features: Porch
  • Waterfront Features: Beach Front, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Paved Drive, Shared Driveway, Off Street, On Street, Paved
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 3

Utilities

  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None)
  • Heating: Unit 1(Hot Water Radiators,Gas), Unit 2(Hot Water Baseboard,Gas), Unit 3(Hot Water Baseboard,Gas)
  • SEWAGE DISTRICT: SESD
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0
  • Cooling Y N: No
  • Electric: Circuit Breakers, Individually Metered
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Golf, Medical Facility, Conservation Area, Private School, Public School, T-Station, University
  • HOA Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community: No

Fee Information

  • Annual Water Sewer Expense: 850

Schools

  • Elementary School: Choice
  • High School: Salem High
  • Middle Or Junior School: Collins

Lot Info

  • LOT SIZE: 13508
  • PAGE: 196
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 13503.6
  • Zoning: B

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2
  • Electric Expense: 600
  • Annual Gross Income: 86400
  • Insurance Expense: 3600
  • Property Net Operating Income: 80700
  • Number Of Units Total: 3
  • Annual Operating Expense: 6910
  • Total Actual Rent: 6850

Tax Info

  • Tax Annual Amount: 8795
  • Tax Book Number: 37757
  • Tax Lot: 0080
  • Tax Map Number: 32
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2021
Closed on
Feb 1, 2022
Sold by
38 Loring Ave Llc
Bought by
57-59 Charles Llc
Seller's Agent
Catherine St Pierre
Aluxety
Buyer's Agent
Catherine St Pierre
Aluxety
List Price
$1,200,000
Sold Price
$1,050,000
Premium/Discount to List
-$150,000
-12.5%
Current Estimated Value
$1,162,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,311
Original Mortgage
$840,000
Outstanding Balance
$795,368
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 13, 2019
Closed on
Aug 15, 2019
Sold by
Dionne Jeannette M Est
Bought by
38 Loring Ave Llc
Seller's Agent
Jack Hyland Jr.
John L. Hyland Jr.
Buyer's Agent
Jack Hyland Jr.
John L. Hyland Jr.
List Price
$825,000
Sold Price
$655,000
Premium/Discount to List
-$170,000
-20.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.05%
Original Mortgage
$524,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 10, 1998
Sold by
Nimblett Celeste Y and Welch Colette D
Bought by
Dionne Roger L and Dionne Jeannette M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
57-59 Charles Llc $1,050,000 None Available
38 Loring Ave Llc $655,000 --
Dionne Roger L $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 57-59 Charles Llc $840,000
Previous Owner 38 Loring Ave Llc $524,000
Previous Owner Dionne Roger L $88,700
Previous Owner Dionne Roger L $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2022 02/02/22 Sold $1,050,000 -12.5% $309 / Sq Ft
12/03/2021 12/03/21 Pending -- -- --
09/08/2021 09/08/21 For Sale $1,200,000 +83.2% $353 / Sq Ft
08/16/2019 08/16/19 Sold $655,000 -6.3% $193 / Sq Ft
06/18/2019 06/18/19 Pending -- -- --
06/11/2019 06/11/19 Price Changed $699,000 -12.5% $206 / Sq Ft
06/08/2019 06/08/19 Price Changed $799,000 -3.2% $235 / Sq Ft
05/13/2019 05/13/19 For Sale $825,000 -- $243 / 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 $10,527 $928,300 $248,800 $679,500
2024 $9,725 $836,900 $236,500 $600,400
2023 $9,488 $758,400 $218,300 $540,100
2022 $9,173 $692,300 $211,000 $481,300
2021 $8,795 $637,300 $196,400 $440,900
2020 $7,674 $531,100 $185,500 $345,600
2019 $7,612 $504,100 $176,100 $328,000
2018 $7,082 $460,500 $167,300 $293,200
2017 $6,612 $416,900 $141,200 $275,700
2016 $6,429 $410,300 $134,600 $275,700
2015 $6,267 $381,900 $123,700 $258,200
Source: Public Records

Agents Affiliated with this Home

  • Catherine St Pierre

    Seller's Agent in 2022

    Catherine St Pierre

    Aluxety

    (508) 641-6823

    3 in this area

    21 Total Sales

    Section Image

  • J

    Seller's Agent in 2019

    Jack Hyland Jr.

    John L. Hyland Jr.

    4 Total Sales

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72891911

MLS Property Information Network (MLS PIN)

APN: SALE-000032-000000-000080

Massachusetts Essex County Salem 01970 South Salem

57 Charles St Unit 59, Salem, MA

This home is located at 57 Charles St Unit 59, Salem, MA 01970 since 08 September 2021 and is currently estimated at $1,152,348, approximately $339 per square foot. This property was built in 1920. 57 Charles St Unit 59 is a home located in Essex County with nearby schools including Saltonstall School, Horace Mann Laboratory, and Carlton 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.

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