6 Cypress St Salem, MA 01970
South Salem NeighborhoodEstimated Value: $914,221 - $1,522,000
9
Beds
3
Baths
4,527
Sq Ft
$255/Sq Ft
Est. Value
About This Home
As of June 2015Investment 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 Listed By
Jerald Tache
Tache Real Estate, Inc. Listed on: 05/08/2015
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%
Total Days on Market
23
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$654,805
Avg. Annual Appreciation
8.02%
Original Mortgage
$375,000
Outstanding Balance
$297,069
Interest Rate
3.84%
Mortgage Type
New Conventional
Estimated Equity
$773,281
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Similar Homes in Salem, MA
Home Values in the Area
Average Home Value in this Area
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
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.
-
M
Buyer's Agent in 2015
Michael Ross
Cameron Real Estate Group
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71832771
APN: SALE-000034-000000-000090
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.
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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