NOT LISTED FOR SALE

58 Salem St Salem, MA 01970

The Point Neighborhood

Estimated Value: $826,000 - $858,430

5 Beds
3 Baths
1,989 Sq Ft
$423/Sq Ft Est. Value

Last Sold September 28, 2020

Last sale price $606,000 $305 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $5,346/month

10 Days on Market

About This Home

As of September 2020

This is a fantastic opportunity to own a solid multifamily in historic and vibrant Salem, MA. Excellent opportunity for rental income for a first time buyer to have help with the mortgage payments or for investor. The first and second units both have two bedrooms and a living room and are vacant ready to produce rental income or a condo conversion potential. The third unit has one bedroom. Features include beautiful hard wood floors, 3 off street parking plus a garage and Porches. This is well kept multi-family and conveniently located near downtown, minutes to Historic Downtown Salem with Restaurants, Banks, Shopping, World Class Museum, City Parks, Beach, Salem State University, Derby Wharf, and 3 forms of transportation to Boston-Buses, Train, or Ferry. Opportunities like these don't come around too often so don't delay and schedule your private showing today.

Last Agent to Sell the Property

William & Veroni Real Estate Team

eXp Realty Listed on: 08/18/2020

eXp Realty

Last Buyer's Agent

Tanya Palmer

Palmer Properties & Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,859

Year Built

  • Built in 1915

Lot Details

  • 2,614

Parking

  • 1 Car Garage

Utilities

  • Natural Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:34 L:0134

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,859

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Insc: 2000
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 276.47
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1915
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1915

Interior Features

  • Total Flrs: 3
  • No Bedrooms: 5
  • Total Brs: 5
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 11
  • Basement: Y
  • Basement Features: Full, Walk Out, Unfinished Basement
  • Main Lo: AC0756
  • Main So: AN4758
  • Estimated Sq Ft: 1989.00

Exterior Features

  • Beachfront Flag: Yes
  • Beach Miles To: 0 to 1/10 Mile
  • Exterior: Wood
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 3
  • Garage Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Sewer: 700
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Public School, T-Station, University

Schools

  • Elementary School: Choose 3
  • Middle School: Collins
  • High School: Salem High

Lot Info

  • Assessments: 364100.00
  • Acre: 0.06
  • Lot Size: 2566.00
  • Page: 442
  • Parcel Number: M:34 L:0134
  • Zoning: R3
  • Lot Description: Paved Drive

Multi Family

  • Total Levels: 2
  • Total Rms: 10
  • No Units: 3
  • Mf Type: 3 Family - 3 Units Up/Down

Tax Info

  • Taxes: 5261.00
  • Assessor Parcel Number: 2135549

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2020
Closed on
Sep 24, 2020
Sold by
Delp Lois A
Bought by
Palmer Michael and Palmer Tanya
Seller's Agent
William & Veroni Real Estate Team
eXp Realty
Buyer's Agent
Tanya Palmer
Palmer Properties & Real Estate, Inc.
List Price
$549,900
Sold Price
$606,000
Premium/Discount to List
$56,100
10.2%
Current Estimated Value
$842,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,108
Avg. Annual Appreciation
6.92%
Original Mortgage
$454,500
Outstanding Balance
$408,795
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$422,378

Purchase Details

Closed on
Jan 1, 1980
Bought by
Delp Lois A
Source: Public Records

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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
Palmer Michael $606,000 None Available
Delp Lois A $37,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palmer Michael $454,500
Previous Owner Delp Lois A $74,250
Previous Owner Delp Lois A $61,870
Previous Owner Delp Lois A $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2020 09/28/20 Sold $606,000 +10.2% $305 / Sq Ft
08/28/2020 08/28/20 Pending -- -- --
08/18/2020 08/18/20 For Sale $549,900 -- $276 / 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 $7,859 $693,000 $143,700 $549,300
2024 $7,627 $656,400 $143,700 $512,700
2023 $7,402 $591,700 $126,800 $464,900
2022 $7,068 $533,400 $118,300 $415,100
2021 $5,901 $427,600 $110,400 $317,200
2020 $5,261 $364,100 $81,400 $282,700
2019 $5,148 $340,900 $71,800 $269,100
2018 $4,823 $313,600 $71,800 $241,800
2017 $4,591 $289,500 $61,300 $228,200
2016 $4,536 $289,500 $61,300 $228,200
2015 $3,855 $234,900 $52,700 $182,200
Source: Public Records

Agents Affiliated with this Home

  • Tanya Palmer

    Buyer's Agent in 2020

    Tanya Palmer

    Palmer Properties & Real Estate, Inc.

    (781) 248-2338

    2 in this area

    29 Total Sales

    Tanya Palmer
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72711617

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000133

Massachusetts Essex County Salem 01970 The Point

58 Salem St, Salem, MA

This home is located at 58 Salem St, Salem, MA 01970 since 18 August 2020 and is currently estimated at $842,108, approximately $423 per square foot. This property was built in 1915. 58 Salem St is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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