NOT LISTED FOR SALE

Estimated Value: $667,757 - $745,000

6 Beds
2 Baths
2,548 Sq Ft
$284/Sq Ft Est. Value

Last Sold November 15, 2021

Last sale price $656,000 $257 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,546/month

7 Days on Market

About This Home

As of November 2021

Exceptional opportunity with this solid 2-family property abutting the newly revamped Palmer Cove Park & Playground! Seasonal water views are enjoyed from the 2nd floor unit. Meticulously maintained, each unit is similar offering 3 beds, 1 bath, eat-in kitchens, living rooms, flexible dining room/family room space, and private porches. The first floor unit has many updates including a newer kitchen, newer interior paint, & some recessed lighting. Both units have updated baths, beautiful hardwoods in several rooms, crown molding, and high ceilings. With off-street parking for 3 cars, a low maintenance lot with a handy storage shed, this is truly a savvy buy for the investor, or even owner-occupied building! This location is just incredible; .8 mile to the Salem Train Station & Salem State University as well as 1 mile to Forest River & the Salem Ferry. Boat Lovers, Palmer Cove Yacht Club is just down the street one way and shopping and dining the other!

Last Agent to Sell the Property

Henry Pizzo

Aluxety Listed on: 09/27/2021

Last Buyer's Agent

Julio Torres Santana

Leading Edge Real Estate License #449595765

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,425

Year Built

  • 1915

Lot Details

  • 3,920

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,425

Year Built

1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Lafayette St to Chase St to Salem St. Address is 69 Salem St. on deed
  • Garage Yn: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Year Built Details: Actual,Renovated Since
  • Special Features: None
  • Year Built: 1915

Interior Features

  • Appliances: None, Unit 1(Range,Dishwasher,Microwave,Refrigerator), Unit 2(Range,Refrigerator), Oil Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
  • Has Basement: Full, Walk-Out Access, Bulkhead, Unfinished
  • Total Bathrooms: 2
  • MAIN LO: AN1532
  • LIST PRICE PER Sq Ft: 223.7
  • PRICE PER Sq Ft: 257.46
  • MAIN SO: AN4643
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Carpet,Varies Per Unit,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors,Wall to Wall Carpet)
  • Interior Amenities: Unit 1(Crown Molding,Stone/Granite/Solid Counters,Upgraded Cabinets,Bathroom With Tub,Open Floor Plan), Unit 2(Crown Molding,Bathroom With Tub,Open Floor Plan), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Stories: 3

Exterior Features

  • Exterior Features: Storage, Unit 2 Balcony/Deck
  • Foundation Details: Stone, Brick/Mortar, Other
  • Property Condition: Unit 1 Remodeled
  • View: Scenic View(s)
  • Construction Type: Frame
  • Disclosures: Property Borders Flood Zone. Utilities Not Guaranteed Separate. Buyers & Buyers Agent To Due Their Own Due Diligence. One Water Heater For Both Units. First Floor Heat Is Powered By Oil, Second Floor Is Gas.
  • Fencing: Fenced
  • Lot Features: Corner Lot, Level
  • Patio And Porch Features: Porch, Deck
  • Waterfront Features: Beach Front, Ocean, Walk to, 1/2 to 1 Mile To Beach
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Paved Drive, Off Street, Paved
  • Open Parking: Yes
  • Total Parking Spaces: 3

Utilities

  • Heating: Natural Gas, Unit 1(Gas)
  • Electric: 100 Amp Service
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University, Other, Sidewalks

Schools

  • Elementary School: Saltonstall
  • High School: Salem
  • Middle Or Junior School: Collins

Lot Info

  • LOT SIZE: 3812
  • PAGE: 462
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 3920.399999
  • Zoning: R2

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5724
  • Tax Book Number: 5671
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2021
Closed on
Nov 12, 2021
Sold by
Poussard Carol A Est
Bought by
Peguero Rosa M and Ramirez Hector J
Seller's Agent
Henry Pizzo
Aluxety
Buyer's Agent
Julio Torres Santana
Leading Edge Real Estate
List Price
$570,000
Sold Price
$656,000
Premium/Discount to List
$86,000
15.09%
Current Estimated Value
$736,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,133
Avg. Annual Appreciation
4.76%
Original Mortgage
$644,118
Outstanding Balance
$596,532
Interest Rate
3.01%
Mortgage Type
FHA
Estimated Equity
$184,451

Purchase Details

Closed on
Jan 1, 1962
Bought by
Poussard Bertram H and Poussard Carol A
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
Peguero Rosa M $656,000 None Available
Poussard Bertram H $24,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peguero Rosa M $644,118
Previous Owner Poussard Bertram H $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2021 11/15/21 Sold $656,000 +15.1% $257 / Sq Ft
10/05/2021 10/05/21 Pending -- -- --
09/27/2021 09/27/21 For Sale $570,000 -- $224 / 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 $6,425 $566,600 $148,500 $418,100
2024 $6,219 $535,200 $148,500 $386,700
2023 $5,926 $473,700 $131,000 $342,700
2022 $6,054 $456,900 $122,300 $334,600
2021 $5,724 $414,800 $114,100 $300,700
2020 $5,273 $364,900 $84,100 $280,800
2019 $5,128 $339,600 $74,200 $265,400
2018 $4,749 $308,800 $74,200 $234,600
2017 $4,658 $293,700 $74,500 $219,200
2016 $4,602 $293,700 $74,500 $219,200
2015 $3,891 $237,100 $64,000 $173,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72900747

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000464