NOT LISTED FOR SALE

7 Cloutman St Salem, MA 01970

Castle Hill Neighborhood

Estimated Value: $625,000 - $739,000

4 Beds
3 Baths
1,200 Sq Ft
$561/Sq Ft Est. Value

Last Sold September 21, 2021

Last sale price $523,000 $436 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,173/month

14 Days on Market

Highlights

  • Medical Services
  • Porch
  • Park
  • Property is near public transit
  • Cooling Available
  • 3-minute walk to St. Annes Park

About This Home

As of September 2021

This beautiful two unit investment property is perfect for an owner occupant or investor. Only 1 mile to downtown Salem offering amazing restaurants, shopping, museums, and Salem Station MBTA commuter rail. Wonderful opportunity to own a multi family. Not many on the market! Unit one offers new stainless steel appliances, beautiful flooring and lighting throughout the unit, beautiful kitchen and bathroom. Also in unit one is a finished downstairs level that offers two great size rooms that could be used for the new owners discretion. In unit two you have a stunning one bed one bath that has an open concept style for the kitchen and living room. The bedroom is spacious and comfortable with a decent sized closet. New siding on this property as well as a paved driveway. Outdoor space. 4-5 parking spaces. Both units are rented but property can be delivered vacant. Small portion of lot has an easement.Home is sold as it is! Offers due Monday 7/12/21 at 5pm.

Last Agent to Sell the Property

Wilson Brea

Cameron Real Estate Group Listed on: 07/07/2021

Cameron Real Estate Group

Last Buyer's Agent

Igor Da Silva

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,711

Year Built

  • Built in 1915

Lot Details

  • 5,227

Home Design

  • Duplex
  • Block Foundation
  • Shingle Roof
  • Concrete Perimeter Foundation
  • Stone

Interior Spaces

  • 1,200 Sq Ft Home
  • Property has 2 Levels
  • Insulated Windows
  • Finished Basement
  • Interior Basement Entry
  • Microwave
  • Washer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

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

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling Available
  • Heating Available
  • 100 Amp Service
  • Electric Water Heater

Additional Features

  • Porch
  • 5,227 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $3,150
  • Tax Lot .12
  • Assessor Parcel Number 2131275

Community Details

Amenities

  • Medical Services
  • Shops

Recreation

  • Park

Additional Features

  • 2 Units
  • Net Operating Income $37,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,711

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1915
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 1%
  • Transaction Broker Type: %
  • Year Built Details: Actual,Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 4

Interior Features

  • Interior Amenities: Unit 1(Storage), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Microwave,Refrigerator,Washer,Dryer), Unit 2(Range,Microwave,Refrigerator), Electric Water Heater, Utility Connections for Electric Range
  • Total Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 2
  • Total Bathrooms: 3
  • Basement: Finished, Interior Entry
  • Living Area: 1200
  • Stories Total: 4
  • Window Features: Insulated Windows
  • MAIN LO: AC0756
  • LIST PRICE PER Sq Ft: 441.67
  • PRICE PER Sq Ft: 435.83
  • MAIN SO: AN4624

Exterior Features

  • Construction Materials: Stone
  • Foundation Details: Concrete Perimeter, Block
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Cooling: Unit 1(Window AC), Unit 2(Window AC)
  • Heating: Unit 1(Electric Baseboard,Electric), Unit 2(Electric Baseboard,Electric)
  • Cooling Y N: Yes
  • Electric: 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School, T-Station

Lot Info

  • Parcel Number: 2131275
  • Zoning: B
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5227.2
  • Lot Size Units: Acres
  • LOT SIZE: 5227
  • PAGE: 462

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4711
  • Tax Book Number: 37566
  • Tax Lot: .12

Multi Family

  • Gross Income: 37800
  • Net Operating Income: 37800
  • Number Of Units Total: 2
  • Total Actual Rent: 3150
  • LEVELS 1: 2
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2021
Closed on
Sep 21, 2021
Sold by
Pena Julio C
Bought by
Fernandes Andreia R and Puerta Eder J
Seller's Agent
Wilson Brea
Cameron Real Estate Group
Buyer's Agent
Igor Da Silva
eXp Realty
List Price
$529,999
Sold Price
$523,000
Premium/Discount to List
-$6,999
-1.32%
Current Estimated Value
$672,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,624
Avg. Annual Appreciation
6.50%
Original Mortgage
$513,527
Outstanding Balance
$469,304
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$204,761

Purchase Details

Closed on
Mar 22, 2021
Sold by
30 Mason St Realty Llc
Bought by
Pena Julio C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 1, 1980
Bought by
Butler Scott N
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
Fernandes Andreia R $523,000 None Available
Pena Julio C -- None Available
30 Mason St Realty Llc $220,000 --
Butler Scott N $42,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fernandes Andreia R $513,527
Previous Owner Pena Julio C $287,000
Previous Owner 30 Mason St Realty Llc $276,000
Previous Owner Butler Scott N $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2021 09/21/21 Sold $523,000 -1.3% $436 / Sq Ft
07/20/2021 07/20/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $529,999 +140.9% $442 / Sq Ft
06/06/2019 06/06/19 Sold $220,000 -18.5% $183 / Sq Ft
05/06/2019 05/06/19 Pending -- -- --
04/29/2019 04/29/19 For Sale $270,000 -- $225 / 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 $7,286 $642,500 $185,900 $456,600
2024 $7,008 $603,100 $176,700 $426,400
2023 $6,924 $553,500 $163,100 $390,400
2022 $4,636 $349,900 $157,700 $192,200
2021 $4,646 $336,700 $163,100 $173,600
2020 $4,711 $326,000 $154,000 $172,000
2019 $4,670 $309,300 $146,200 $163,100
2018 $4,371 $284,200 $138,900 $145,300
2017 $4,021 $253,500 $117,200 $136,300
2016 $3,886 $248,000 $111,700 $136,300
2015 $3,766 $229,500 $102,700 $126,800
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2021

    Wilson Brea

    Cameron Real Estate Group

    Section Image
  • Igor Da Silva

    Buyer's Agent in 2021

    Igor Da Silva

    eXp Realty

    (617) 221-8877

    1 in this area

    28 Total Sales

    Igor Da Silva
    Section Image

  • S

    Seller's Agent in 2019

    Shirley Burke

    Coldwell Banker Realty - Marblehead

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72861084

MLS Property Information Network (MLS PIN)

APN: SALE-000024-000000-000213

Massachusetts Essex County Salem 01970 Castle Hill

7 Cloutman St, Salem, MA

This home is located at 7 Cloutman St, Salem, MA 01970 since 07 July 2021 and is currently estimated at $672,624, approximately $560 per square foot. This property was built in 1915. 7 Cloutman St is a home located in Essex County with nearby schools including Horace Mann Laboratory, Saltonstall School, and Carlton 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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