NOT LISTED FOR SALE

Estimated Value: $135,026 - $213,000

-- Bed
2 Baths
2,415 Sq Ft
$75/Sq Ft Est. Value

Last Sold October 29, 2015

Last sale price $63,000 $26 Per Sq Ft

Est. 187% increase in value since last sale

Current estimated payment $1,392/month

90 Days on Market

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Heating System Uses Gas

About This Home

As of October 2015

ATTENTION Landlords!! Don't miss your opportunity to own this 3 unit triplex in Salem. Two 2 bedroom units and one 1 bedroom unit are awaiting your expertise. One unit is currently rented with a long term tenant. Being sold as-is but don't let that scare you - this triplex has been updated and is move in ready. Don't let this one pass you buy - make your appointment today!!

Last Listed By

Marla Newmaster

Tealestate LLC License #1111975 Listed on: 07/11/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 6,160 Sq Ft Lot
  • Lot Dimensions are 40x154

Parking

  • On-Street Parking

Home Design

  • 2,415 Sq Ft Home
  • Duplex
  • Vinyl Siding

Utilities

  • Heating System Uses Gas
  • Oil Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Washer and Dryer Hookup

Community Details

  • No Home Owners Association
  • Operating Expense $4,777

Listing and Financial Details

  • Tax Lot 00002
  • Assessor Parcel Number 13-00023-00002

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1955
  • Remarks Public: ATTENTION Landlords!! Don't miss your opportunity to own this 3 unit triplex in Salem. Two 2 bedroom units and one 1 bedroom unit are awaiting your expertise. One unit is currently rented with a long term tenant. Being sold as-is but don't let that scare you - this triplex has been updated and is move in ready. Don't let this one pass you buy - make your appointment today!!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: No
  • Laundry Type: Hookup
  • Total Sq Ft: 2415
  • Living Area Sq Ft: 2415
  • Price Per Sq Ft: 33.08
  • Above Grade Finished Sq Ft: 2415
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 66-68

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Gas, Electric
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: SALEM CITY SCHOOLS
  • School District Key: 300200396391

Lot Info

  • Improvement Assessed Value: 109500.00
  • Land Assessed Value: 14700.00
  • Lot Size Acres: 0.14
  • Lot Dimensions: 40X154
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6160.00
  • Property Attached Yn: Yes
  • Zoning: RESID

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 2215773
  • Tax Annual Amount: 4802.00
  • Assessor Parcel Number: 13-00023-00002
  • Tax Lot: 00002
  • Tax Year: 2015
  • Close Date: 10/29/2015

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2015
Closed on
Oct 29, 2015
Sold by
Flood Stephen
Bought by
Caione Ralph and Caione Susan
Seller's Agent
Marla Newmaster
Tealestate LLC
Buyer's Agent
Peter Paul McEvoy
BHHS Fox & Roach-Mullica Hill South
List Price
$79,900
Sold Price
$63,000
Premium/Discount to List
-$16,900
-21.15%
Total Days on Market
90
Current Estimated Value
$180,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,507
Avg. Annual Appreciation
10.04%
Original Mortgage
$65,000
Outstanding Balance
$52,233
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$104,502

Purchase Details

Listed on
Feb 1, 2013
Closed on
Dec 26, 2013
Sold by
Giacomucci Lynn A
Bought by
Flood Stephen
Seller's Agent
Daisy Davis-Quick
RE/MAX Preferred - Mullica Hill
Buyer's Agent
Daisy Davis-Quick
RE/MAX Preferred - Mullica Hill
List Price
$69,900
Sold Price
$47,000
Premium/Discount to List
-$22,900
-32.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.26%

Purchase Details

Closed on
Apr 15, 2008
Sold by
Smith Steven G
Bought by
Giacomucci Lynn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,300
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2004
Sold by
Cocchi Cynthia
Bought by
Cocchi Robert

Purchase Details

Closed on
Mar 29, 2002
Sold by
Kiker Robert H and Kiker Sarajane
Bought by
Smith Steven G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,200
Interest Rate
6.88%

Purchase Details

Closed on
Dec 29, 1997
Sold by
Smathers Joseph and Smathers Sarajane
Bought by
Kiker Robert H and Smathers Sarajane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,800
Interest Rate
7.09%

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
Caione Ralph $63,000 Homestead Title Abstract Age
Flood Stephen $47,000 Weichert Title Agency
Giacomucci Lynn A $122,000 --
Cocchi Robert -- --
Smith Steven G $67,000 --
Kiker Robert H $63,500 Salem Oak Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caione Ralph $65,000
Previous Owner Giacomucci Lynn A $79,300
Previous Owner Smith Steven G $112,077
Previous Owner Smith Steven G $80,000
Previous Owner Smith Steven G $60,200
Previous Owner Kiker Robert H $50,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2015 10/29/15 Sold $63,000 -21.2% $26 / Sq Ft
10/09/2015 10/09/15 Pending -- -- --
07/11/2015 07/11/15 For Sale $79,900 +70.0% $33 / Sq Ft
12/26/2013 12/26/13 Sold $47,000 -32.8% $19 / Sq Ft
02/15/2013 02/15/13 Pending -- -- --
02/01/2013 02/01/13 For Sale $69,900 -- $29 / Sq Ft
Source: Bright MLS

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
2024 $4,693 $59,700 $9,600 $50,100
2023 $4,693 $59,700 $9,600 $50,100
2022 $4,488 $59,700 $9,600 $50,100
2021 $4,333 $59,700 $9,600 $50,100
2020 $4,246 $59,700 $9,600 $50,100
2019 $4,220 $59,700 $9,600 $50,100
2018 $4,128 $59,700 $9,600 $50,100
2017 $4,078 $59,700 $9,600 $50,100
2016 $4,864 $124,200 $14,700 $109,500
2015 $4,802 $124,200 $14,700 $109,500
2014 $4,777 $124,200 $14,700 $109,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001798321

Bright MLS

APN: 13-00023-0000-00002