NOT LISTED FOR SALE

Estimated Value: $620,000 - $666,000

4 Beds
2 Baths
1,816 Sq Ft
$349/Sq Ft Est. Value

Last Sold May 22, 2024

Last sale price $595,000 $328 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,032/month

12 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Living Room
  • Property is near public transit
  • Enclosed patio or porch
  • Park

About This Home

As of May 2024

First open house Sunday 4/14 11:00am-1:00pm. No showings before Open House due to tenant's privacy. Welcome to this fantastic investment opportunity to own this 2 family home located less than 1 mile from downtown Salem and the MBTA station making it a great commuter location. A large driveway for 4 cars, new roof, and an enclosed porch make this one a must-see. Unit 1 has been fully renovated and has new stainless steel appliances, hardwood floors, and heating system all less than 2 years old. Unit 2 has a fully renovated bathroom, original hardwood floors and endless opportunities to update! Both units are TAW making this perfect for owner-occupants or as an investor property! Property will be sold with both units occupied.

Last Agent to Sell the Property

Alexander Rodriguez

Keller Williams Boston MetroWest Listed on: 04/10/2024

Keller Williams Boston MetroWest

Last Buyer's Agent

Alexander Rodriguez

Keller Williams Boston MetroWest Listed on: 04/10/2024

Keller Williams Boston MetroWest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,138

Year Built

  • Built in 1914

Lot Details

  • 4,665 Sq Ft Lot
  • Property fronts an easement

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,816 Sq Ft Home
  • Property has 1 Level
  • Window Screens
  • Living Room
  • Dining Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Enclosed patio or porch
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $4,000
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number M:15 L:0288,2128720

Community Details

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Additional Features

  • 2 Units
  • Net Operating Income $48,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,138

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1914
  • Buyer Agency: 2
  • Transaction Broker: 1
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood, Hardwood
  • Interior Amenities: Remodeled, Living Room, Dining Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Microwave, Refrigerator
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Interior Entry, Unfinished
  • Living Area: 1816
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Screens
  • MAIN LO: AN5720
  • LIST PRICE PER Sq Ft: 335.9
  • PRICE PER Sq Ft: 327.64
  • MAIN SO: AN5720

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Driveway, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Natural Gas
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Public School, T-Station, University
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:15 L:0288,2128720
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4665
  • Lot Size Units: Acres
  • PAGE: 368
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6138
  • Tax Book Number: 39810

Multi Family

  • Gross Income: 48000
  • Net Operating Income: 48000
  • Number Of Units Total: 2
  • Total Actual Rent: 4000
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2021
Closed on
Apr 27, 2021
Sold by
Kallis Amy R and Kallis Philip G
Bought by
Rodriguez Alexander R and Salcedo Natalia
Seller's Agent
Mark Pitzi
Coldwell Banker Realty - Beverly
Buyer's Agent
Alexander Rodriguez
Keller Williams Boston MetroWest
List Price
$519,000
Sold Price
$520,000
Premium/Discount to List
$1,000
0.19%
Current Estimated Value
$633,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,416
Avg. Annual Appreciation
4.75%
Original Mortgage
$494,000
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 26, 2017
Closed on
Dec 13, 2017
Sold by
Booysen Andries and Jones Ashley
Bought by
Kallis Amy R and Kallis Philip G
Seller's Agent
Joseph Militello
eXp Realty
Buyer's Agent
Mark Pitzi
Coldwell Banker Realty - Beverly
List Price
$410,000
Sold Price
$415,000
Premium/Discount to List
$5,000
1.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.92%
Original Mortgage
$332,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 1, 2014
Closed on
Sep 9, 2014
Sold by
Vizcaino Leoncio
Bought by
Booysen Andries and Jones Ashley
Seller's Agent
Charrissa Vitas
Atlantic Coast Homes,Inc
Buyer's Agent
Richard Steinhoff
Weichert Realtors' Daher Companies
List Price
$299,900
Sold Price
$290,000
Premium/Discount to List
-$9,900
-3.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.62%
Original Mortgage
$265,567
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 25, 2002
Sold by
Sarita Zacarias
Bought by
Vizcaino Leoncio

Purchase Details

Closed on
May 17, 2002
Sold by
Surrette David A
Bought by
Sarita Zacarias

Purchase Details

Closed on
May 24, 1996
Sold by
Rolls Battery Engineer
Bought by
Surrette John J

Purchase Details

Closed on
Oct 7, 1994
Sold by
Gauthier Maurice and Gauthier Velora
Bought by
Rolls Battery Engineer
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Rodriguez Alexander R $520,000 None Available
Kallis Amy R $415,000 --
Booysen Andries $290,000 --
Vizcaino Leoncio $220,000 --
Vizcaino Leoncio $220,000 --
Sarita Zacarias $175,000 --
Sarita Zacarias $175,000 --
Surrette John J $74,000 --
Surrette John J $74,000 --
Rolls Battery Engineer $74,000 --
Rolls Battery Engineer $74,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shukulli Marsela $527,500
Closed Shukulli Marsela $527,500
Previous Owner Rodriguez Alexander R $494,000
Previous Owner Kallis Amy R $332,000
Previous Owner Booysen Andries $265,567
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2024 05/22/24 Sold $595,000 -2.5% $328 / Sq Ft
04/23/2024 04/23/24 Pending -- -- --
04/10/2024 04/10/24 For Sale $610,000 +17.3% $336 / Sq Ft
04/27/2021 04/27/21 Sold $520,000 +0.2% $286 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $519,000 0.0% $286 / Sq Ft
04/05/2018 04/05/18 Rented $1,800 0.0% --
04/05/2018 04/05/18 Under Contract -- -- --
03/18/2018 03/18/18 For Rent $1,800 0.0% --
02/26/2018 02/26/18 Under Contract -- -- --
01/22/2018 01/22/18 For Rent $1,800 0.0% --
12/13/2017 12/13/17 Sold $415,000 +1.2% $229 / Sq Ft
11/03/2017 11/03/17 Pending -- -- --
10/26/2017 10/26/17 For Sale $410,000 +41.4% $226 / Sq Ft
09/09/2014 09/09/14 Sold $290,000 -3.3% $160 / Sq Ft
08/10/2014 08/10/14 Pending -- -- --
06/01/2014 06/01/14 For Sale $299,900 -- $165 / 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 $6,401 $564,500 $203,500 $361,000
2024 $6,138 $528,200 $193,400 $334,800
2023 $5,949 $475,500 $178,500 $297,000
2022 $6,478 $488,900 $172,500 $316,400
2021 $5,626 $407,700 $160,600 $247,100
2020 $5,526 $382,400 $151,700 $230,700
2019 $5,474 $362,500 $144,000 $218,500
2018 $4,757 $309,300 $136,800 $172,500
2017 $4,403 $277,600 $115,400 $162,200
2016 $4,267 $272,300 $110,100 $162,200
2015 $4,135 $252,000 $101,100 $150,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73222080

MLS Property Information Network (MLS PIN)

APN: SALE-000015-000000-000288