NOT LISTED FOR SALE

7 E Broadway Salem, NY 12865

Estimated Value: $65,000 - $291,000

7 Beds
3 Baths
2,894 Sq Ft
$62/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $50,000 $17 Per Sq Ft

Est. 219% increase in value since last sale

Current estimated payment $1,182/month

10 Days on Market

Highlights

  • Active Adult
  • No HOA
  • Baseboard Heating

About This Home

As of June 2021

Three apartments in this building. One each 1BR, 2BR, 3BR. All on month to month leases. Owner provides water and septic. Tenants pay all their own utilities. Good Condition

Last Agent to Sell the Property

Melissa Devine

Devine Properties License #10371201159 Listed on: 05/03/2021

Last Buyer's Agent

Matthew Kupiec

KW Platform

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 47x112

Home Design

  • Slate Roof

Interior Spaces

  • 2,894 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Electric Baseboard Heater
  • Septic Tank

Community Details

  • Active Adult
  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tenant pays for heat, cable TV, electricity
  • Legal Lot and Block 28 / 1
  • Assessor Parcel Number 534800 209.9-1-28

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1900
  • Directions: Rt. 22 to traffic light in Salem. Turn East onto Broadway. #7 is on left, see sign. Just before Fort Salem Theater
  • Above Grade Finished Sq Ft: 2894.0
  • Financial Details General Taxes: 2028.0
  • General Taxes Description: Estimated
  • Financial Details School Taxes: 2149.0
  • School Taxes Description: Estimated
  • Lot Size: 47x112
  • Possession Possession Legacy: at closing
  • Sale Detail Seller Contribution: No
  • Senior Community YN: No Special Conditions
  • Income: 22500.0
  • Income Description: Estimated
  • Levels Two: Yes
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Living Area: 2894.0
  • Basement:Unfinished: Yes
  • Unit 1 Owner Furnish Features:Sewer3: Yes
  • Unit 1 Owner Furnish Features:Water4: Yes
  • Unit 2 Owner Furnish Features:Sewer4: Yes
  • Unit 2 Owner Furnish Features:Water5: Yes
  • Unit 3 Owner Furnish Features:Sewer5: Yes
  • Unit 3 Owner Furnish Features:Water6: Yes

Exterior Features

  • Roof: Slate
  • Construction Type: Other, See Remarks, Fiber Cement
  • Waterfront: No
  • Construction Materials:Other38: Yes
  • Construction Materials:Fiber Cement: Yes

Utilities

  • Sewer: Septic Tank
  • Cooling: None
  • Heating: Baseboard, Electric, Oil
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes
  • Heating:Baseboard: Yes
  • Heating:Electric: Yes
  • Heating:Oil2: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Salem

Lot Info

  • Parcel #: 534800 209.9-1-28

Rental Info

  • Tenant Pays: Heat, Cable TV, Electricity

Tax Info

  • Tax Annual Amount: 4177.0
  • Tax Block: 1
  • Tax Lot: 28

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
Jun 28, 2021
Sold by
Dml Corp
Bought by
Fzm Properties Llc
Seller's Agent
Melissa Devine
Devine Properties
Buyer's Agent
Matthew Kupiec
KW Platform
List Price
$90,000
Sold Price
$50,000
Premium/Discount to List
-$40,000
-44.44%
Current Estimated Value
$159,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,667
Avg. Annual Appreciation
32.38%

Purchase Details

Closed on
Sep 25, 1996
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fzm Properties Llc $50,000 None Available
Fzm Properties Llc $50,000 None Available
-- -- --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2021 06/30/21 Sold $50,000 -44.4% $17 / Sq Ft
05/11/2021 05/11/21 Pending -- -- --
05/01/2021 05/01/21 For Sale $90,000 -- $31 / Sq Ft
Source: Global 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 $4,166 $142,000 $17,500 $124,500
2023 $4,105 $142,000 $17,500 $124,500
2022 $4,011 $142,000 $17,500 $124,500
2021 $4,247 $76,000 $4,000 $72,000
2020 $4,164 $76,000 $4,000 $72,000
2019 $4,127 $76,000 $4,000 $72,000
2018 $4,127 $76,000 $4,000 $72,000
2017 $4,027 $76,000 $4,000 $72,000
2016 $4,053 $76,000 $4,000 $72,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Melissa Devine

    Devine Properties

  • M

    Buyer's Agent in 2021

    Matthew Kupiec

    KW Platform

See All Agents

Map

Source: Global MLS

MLS Number: 202117427

Global MLS

APN: 534800-209-009-0001-028-000-0000

New York Washington County Salem 12865

7 E Broadway, Salem, NY

Not Listed for Sale

MultiFamily

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.

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Information is deemed reliable but not guaranteed.



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