NOT LISTED FOR SALE

58 Salem St Salem, MA 01970

The Point Neighborhood

Estimated Value: $852,000 - $920,000

5 Beds
3 Baths
1,989 Sq Ft
$441/Sq Ft Est. Value

Sale Details

Date Sold: September 28, 2020

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

Est. 45% increase in value since last sale

Current estimated payment $5,370 / mo

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 LLC Listed on: 08/18/2020

eXp Realty LLC

Last Buyer's Agent

Tanya Palmer

Palmer Properties & Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

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

Year Built

Built in 1915

Lot Details

2,614 Sq Ft Lot

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
  • Stories: 2
  • 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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2020
Closed on
Sep 24, 2020
Sold by
Bought by
Seller's Agent
William & Veroni Real Estate Team
eXp Realty LLC
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
$878,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,062
Avg. Annual Appreciation
6.65%
Original Mortgage
$454,500
Outstanding Balance
$397,803
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$480,259

Purchase Details

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$606,000 None Available
$606,000 None Available
$37,400 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $454,500
Closed $454,500
Previous Owner $74,250
Previous Owner $61,870
Previous Owner $55,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    1 in this area

    25 Total Sales

    Tanya Palmer
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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

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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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