7 Cloutman St Salem, MA 01970
Castle Hill NeighborhoodEstimated Value: $616,000 - $711,000
4
Beds
3
Baths
1,200
Sq Ft
$545/Sq Ft
Est. Value
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 2021This 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.
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
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 Andres
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%
Total Days on Market
14
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
$131,178
Avg. Annual Appreciation
6.20%
Original Mortgage
$513,527
Outstanding Balance
$471,327
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$182,851
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
Similar Homes in Salem, MA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fernandes Andreia R | $523,000 | None Available | |
| Pena Julio C | -- | None Available | |
| 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
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
-
Wilson Brea Andres
Seller's Agent in 2021
Wilson Brea Andres
Cameron Real Estate Group
1 in this area
8 Total Sales
-
Igor Da Silva
Buyer's Agent in 2021
Igor Da Silva
eXp Realty
(617) 221-8877
1 in this area
27 Total Sales
-
S
Seller's Agent in 2019
Shirley Burke
Coldwell Banker Realty - Marblehead
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72861084
APN: SALE-000024-000000-000213
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.
Nearby Homes
- 209 Jefferson Ave
- 16 Horton St
- 16 Horton St Unit 2
- 73 Lawrence St
- 21 Laurel St
- 52 Jefferson Ave
- 6R Hazel Terrace Unit 6
- 6R Hazel Terrace Unit 8
- 14 Forest Ave
- 26 Linden St
- 106 Broadway
- 106 Broadway Unit 3
- 106 Broadway Unit 2
- 106 Broadway Unit 1
- 2A Hazel St Unit 3
- 393 Jefferson Ave
- 16 Loring Ave
- 24 Cabot St Unit 1
- 124R Highland Ave
- 275 Lafayette St
- 7 Cloutman St
- 7 Cloutman St Unit 2
- 7 Cloutman St Unit 1
- 4 Wheatland St
- 6 Wheatland St
- 6 Wheatland St Unit 1
- 6 Wheatland St Unit 6 0006
- 239 Jefferson Ave
- 239 Jefferson Ave Unit 2
- 239 Jefferson Ave Unit 1
- 237 Jefferson Ave Unit 1
- 237 Jefferson Ave Unit 3
- 237 Jefferson Ave Unit 2
- 247 Jefferson Ave
- 247 Jefferson Ave Unit 2
- 247 Jefferson Ave Unit 1
- 9 Cloutman St
- 8 Wheatland St
- 8 Wheatland St Unit 2
- 8 Wheatland St Unit 6 0006