$655,000
SOLD AUG 16, 2019

57 Charles St Unit 59 Salem, MA 01970

South Salem Neighborhood
8 Beds
3 Baths
3,396 Sq Ft
0.31 Acres

Recently Sold

$193 Per Sq Ft

21% Below List Price

36 Days on Market

About This Home

As of February 2022

3 Family at 57-59 Charles St. Plus ajoining 38 Loring Ave, 21 car parking lot ."Across street from Salem State University".The 3 family will be VACANT and ready for new owner! Oversized garage 20'x32'. The plan attached shows 21 car parking @ $1200 each would generate another $25,000 per extra income.

Last Agent to Sell the Property

Jack Hyland Jr.

John L. Hyland Jr. Listed on: 05/13/2019

Last Buyer's Agent

Jack Hyland Jr.

John L. Hyland Jr. Listed on: 05/13/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,527

Year Built

  • Built in 1920

Parking

  • 2 Car Garage

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Additional Features

  • Porch
  • Natural Gas Water Heater
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:32 L:0080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,527

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 205.83
  • Comp Based On: Net Sale Price
  • Year Built: 1920
  • Lead Paint: Unknown
  • Ife Common: Cable TV Available
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1920

Interior Features

  • Flooring: Wood, Tile, Wall to Wall Carpet
  • Total Flrs: 6
  • No Bedrooms: 8
  • Total Brs: 8
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 16
  • Basement: Y
  • Basement Features: Full
  • Main Lo: AN3359
  • Main So: AN3359
  • Estimated Sq Ft: 3396.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1/2 to 1 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Asbestos
  • Exterior Features: Porch, Handicap Access
  • Foundation: Concrete Block
  • Foundation Size: 26x44

Garage/Parking

  • Parking Feature: Off-Street, On Street Permit
  • Parking Spaces: 25
  • Garage Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Heat Zones: 3
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Electric Range

Schools

  • High School: Salem High

Lot Info

  • Assessments: 504100.00
  • Acre: 0.31
  • Lot Size: 13504.00
  • Page: 290
  • Parcel Number: M:32 L:0080
  • Zoning: B
  • Lot Description: Paved Drive, Easements

Green Features

  • Energy Features: Storm Windows

Multi Family

  • Heat Units: 3
  • Total Levels: 3
  • Total Rms: 14
  • No Units: 3
  • Mf Type: 3 Family

Tax Info

  • Taxes: 7612.00
  • Assessor Parcel Number: 2134157

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%
Total Days on Market
36
Current Estimated Value
$1,127,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,245
Avg. Annual Appreciation
-0.97%
Original Mortgage
$840,000
Outstanding Balance
$792,440
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$223,872

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

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Range of Values:

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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 $1,050,000 None Available
Personal Reps Deed $655,000 --
Deed $95,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $840,000 Purchase Money Mortgage
Previous Owner $524,000 Commercial
Previous Owner $88,700 No Value Available
Previous Owner $100,000 Purchase Money Mortgage
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

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72499037

MLS Property Information Network (MLS PIN)

APN: SALE-000032-000000-000080