NOT LISTED FOR SALE

6 Cypress St Salem, MA 01970

South Salem Neighborhood

Estimated Value: $990,072 - $1,219,000

9 Beds
3 Baths
4,527 Sq Ft
$240/Sq Ft Est. Value

Last Sold June 30, 2015

Last sale price $500,000 $110 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $6,668/month

23 Days on Market

About This Home

As of June 2015

Investment property, huge three family with three bedroom units. This is a true and one of the few three families in Salem available. Hardwood floors, original wood accents throughout the building. Seconds away from the downtown, minutes away from the University. Don't miss this wonderful opportunity, this building won't last! Two apartments are occupied, they are tenants-at-will and are not to be disturbed. All showings require 24 hours notice, sorry no exceptions. See you all at the Open House Sunday May 17, 12-2.

Last Agent to Sell the Property

Jerald Tache

Tache Real Estate, Inc. Listed on: 05/08/2015

Last Buyer's Agent

Michael Ross

Cameron Real Estate Group License #454004087

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,267

Year Built

1915

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, City View(s), Fenced/Enclosed, Sloping
  • Other Agent: 2.50
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1915

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 18
  • Amenities: Public Transportation, Shopping, Park, Medical Facility, Public School, T-Station, University
  • Electric: Fuses
  • Energy: Insulated Windows
  • Flooring: Wood, Vinyl
  • Basement: Full, Concrete Floor

Exterior Features

  • Roof: Rubber
  • Construction: Frame
  • Exterior: Aluminum
  • Exterior Features: Porch, Porch - Enclosed
  • Foundation: Poured Concrete

Garage/Parking

  • Parking: Off-Street, Tandem
  • Parking Spaces: 2

Utilities

  • Hot Water: Oil
  • Utility Connections: for Electric Range, for Gas Oven, for Electric Oven, for Electric Dryer, Washer Hookup

Schools

  • Middle School: Saltonstall
  • High School: Salem High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2015
Closed on
Jun 30, 2015
Sold by
Chouinard Roy and Chouinard Jacqueline
Bought by
Fakhri Bakr
Seller's Agent
Jerald Tache
Tache Real Estate, Inc.
Buyer's Agent
Michael Ross
Cameron Real Estate Group
List Price
$485,500
Sold Price
$500,000
Premium/Discount to List
$14,500
2.99%
Current Estimated Value
$1,084,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$584,768
Avg. Annual Appreciation
7.51%
Original Mortgage
$375,000
Outstanding Balance
$293,832
Interest Rate
3.84%
Mortgage Type
New Conventional
Estimated Equity
$755,341
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Fakhri Bakr $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fakhri Bakr $30,000
Open Fakhri Bakr $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2015 06/30/15 Sold $500,000 +3.0% $110 / Sq Ft
05/31/2015 05/31/15 Pending -- -- --
05/08/2015 05/08/15 For Sale $485,500 -- $107 / 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 $11,267 $993,600 $162,500 $831,100
2024 $10,349 $890,600 $153,900 $736,700
2023 $5,522 $441,400 $142,500 $298,900
2022 $5,324 $401,800 $134,000 $267,800
2021 $8,248 $597,700 $134,000 $463,700
2020 $7,635 $528,400 $115,700 $412,700
2019 $7,552 $500,100 $110,000 $390,100
2018 $6,921 $450,000 $104,900 $345,100
2017 $6,471 $408,000 $85,500 $322,500
2016 $6,321 $403,400 $80,900 $322,500
2015 -- $374,200 $73,000 $301,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Jerald Tache

    Tache Real Estate, Inc.

    Section Image

  • M

    Buyer's Agent in 2015

    Michael Ross

    Cameron Real Estate Group

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71832771

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000090

Massachusetts Essex County Salem 01970 South Salem

6 Cypress St, Salem, MA

This home is located at 6 Cypress St, Salem, MA 01970 since 08 May 2015 and is currently estimated at $1,084,768, approximately $239 per square foot. This property was built in 1915. 6 Cypress St is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates 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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