NOT LISTED FOR SALE

Estimated Value: $609,000 - $657,000

4 Beds
2 Baths
1,478 Sq Ft
$435/Sq Ft Est. Value

Last Sold September 08, 2022

Last sale price $581,000 $393 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,078/month

6 Days on Market

Highlights

  • Waterfront
  • Property is near public transit
  • Storm Windows
  • Cape Cod Architecture
  • Wood Flooring
  • 3-minute walk to Collins Cove Park

About This Home

As of September 2022

Classic post-war cape with new (2020) second floor 2 BR + bath addition. Enjoy water breezes and views of the tide coming in from this well maintained 4 bedroom + 2 full bath home. On the first floor you will find the living room, kitchen, a great wrap-around multipurpose room, currently used for dining and kids play space, and 2 bedrooms and a full bath. Upstairs are 2 more bedrooms with delightful views of the cove and a second full bath. Good storage throughout including a large basement with excellent ceiling height. Outside is a 2018 driveway and lovely level backyard which is fully fenced. Directly out the front door is Collins Cove Park, with its playground, pickle ball courts, and open space. This home is conveniently located minutes from the center of Salem with all its restaurants, shops, and the train station. Offers, if any, will be reviewed by the seller at 5:00 on Tuesday July 26th.

Last Agent to Sell the Property

Michael Selbst

Gibson Sotheby's International Realty Listed on: 07/19/2022

Last Buyer's Agent

Kristin Francoeur

Gibson Sotheby's International Realty

Gibson Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,321

Year Built

  • Built in 1948

Lot Details

  • 4,108 Sq Ft Lot
  • Waterfront
  • Level Lot
  • Property is zoned R1

Home Design

  • Cape Cod Architecture
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,478 Sq Ft Home
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Storm Windows
  • Washer Hookup

Kitchen

  • Range
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Parking Space
  • Off-Street Parking

Location

  • Property is near public transit

Utilities

  • Window Unit Cooling System
  • 2 Heating Zones
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • 200+ Amp Service
  • Natural Gas Connected
  • Gas Water Heater

Community Details

  • Shops

Listing and Financial Details

  • Assessor Parcel Number M:36 L:0314,2137447

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,321

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cape
  • Year Built: 1948
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Flooring: Wood
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Disposal,Refrigerator,Freezer, Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer Hookup
  • Basement: Full
  • Living Area: 1478
  • Window Features: Storm Window(s)
  • MAIN LO: BB5918
  • LIST PRICE PER Sq Ft: 338.29
  • PRICE PER Sq Ft: 393.1
  • MAIN SO: BB5918

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Bay, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, Washer Hookup
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: Yes
  • Electric: 200+ Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping

Lot Info

  • Parcel Number: M:36 L:0314,2137447
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 4108
  • Lot Size Units: Acres
  • Property Attached YN: No
  • PAGE: 277
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5321
  • Tax Book Number: 33306

Multi Family

  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2016
Closed on
Apr 10, 2017
Sold by
Waters Michael and Waters Carolyne
Bought by
Lally Patrick J and Milazzo Kate M
Seller's Agent
Rosa Molettieri
Barrett, Chris. J., REALTORS®
Buyer's Agent
Tess DiMatteo
J. Barrett & Company
List Price
$420,000
Sold Price
$395,000
Premium/Discount to List
-$25,000
-5.95%
Total Days on Market
6
Current Estimated Value
$642,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,285
Avg. Annual Appreciation
6.12%
Original Mortgage
$355,500
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 13, 2014
Closed on
May 30, 2014
Sold by
Mehlhouse Ronald S
Bought by
Waters Michael and Waters Carolyne
Seller's Agent
Ted Richard
J. Barrett & Company
Buyer's Agent
Rosa Molettieri
Barrett, Chris. J., REALTORS®
List Price
$289,900
Sold Price
$295,000
Premium/Discount to List
$5,100
1.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.71%
Original Mortgage
$289,656
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 18, 2009
Sold by
Pawlyk Lt
Bought by
Mehlhouse Ronald S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,375
Interest Rate
5.28%
Mortgage Type
VA
Source: Public Records

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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
Lally Patrick J -- --
Waters Michael $295,000 --
Mehlhouse Ronald S $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hopkins Michael P $551,950
Closed Lally Patrick J $341,177
Closed Lally Patrick J $355,500
Previous Owner Waters Michael $286,000
Previous Owner Waters Michael $289,656
Previous Owner Mehlhouse Ronald S $256,187
Previous Owner Mehlhouse Ronald S $255,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2022 09/08/22 Sold $581,000 +16.2% $393 / Sq Ft
07/26/2022 07/26/22 Pending -- -- --
07/19/2022 07/19/22 For Sale $500,000 +26.6% $338 / Sq Ft
04/10/2017 04/10/17 Sold $395,000 -1.2% $286 / Sq Ft
02/24/2017 02/24/17 Pending -- -- --
02/21/2017 02/21/17 Price Changed $399,900 -2.5% $290 / Sq Ft
02/03/2017 02/03/17 Price Changed $410,000 -2.4% $297 / Sq Ft
12/02/2016 12/02/16 For Sale $420,000 +42.4% $305 / Sq Ft
05/30/2014 05/30/14 Sold $295,000 0.0% $214 / Sq Ft
04/12/2014 04/12/14 Pending -- -- --
03/17/2014 03/17/14 Off Market $295,000 -- --
03/13/2014 03/13/14 For Sale $289,900 -- $210 / 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 $5,882 $518,700 $183,900 $334,800
2024 $5,758 $495,500 $174,200 $321,300
2023 $5,561 $444,500 $161,300 $283,200
2022 $5,321 $401,600 $151,600 $250,000
2021 $4,834 $350,300 $151,600 $198,700
2020 $5,088 $352,100 $131,000 $221,100
2019 $5,059 $335,000 $124,500 $210,500
2018 $4,829 $314,000 $118,700 $195,300
2017 $4,360 $274,900 $96,800 $178,100
2016 $4,226 $269,700 $91,600 $178,100
2015 $3,564 $217,200 $75,100 $142,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73014289

MLS Property Information Network (MLS PIN)

APN: SALE-000036-000000-000314