7 Hersey St Salem, MA 01970
South Salem NeighborhoodEstimated Value: $581,000 - $765,000
2
Beds
2
Baths
1,231
Sq Ft
$510/Sq Ft
Est. Value
About This Home
As of June 20182 Family Home in Nice Location!! 2 1 Bedroom Units Side by Side with Hardwood Floors and an Extra Room in the Basement. Short Distance to Historic Downtown Salem Restaurants, Peabody Essex Museum, and Train to Boston. Front & Back Yards with Plenty of off Street Parking. Great Starter Property for Owner to Occupy One Unit & Rent out the other Unit. Also Nice Investment Property with Rents on the Rise in Salem.
Last Agent to Sell the Property
John Twomey
Harbor Rental & Realty License #454003677 Listed on: 05/04/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,834
Year Built
- Built in 1942
Lot Details
- 4,792
Flooring
- Wood
- Tile
Outdoor Features
- Storage Shed
Utilities
- Water Holding Tank
- Natural Gas Water Heater
Additional Features
- Basement
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 4, 2018
Closed on
Jun 21, 2018
Sold by
Andreola John C and Andreola Rena D
Bought by
Scholl Brian W
Seller's Agent
John Twomey
Harbor Rental & Realty
Buyer's Agent
EdVantage Home Group
RE/MAX Encore
List Price
$349,900
Sold Price
$375,000
Premium/Discount to List
$25,100
7.17%
Total Days on Market
5
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
$253,324
Avg. Annual Appreciation
6.24%
Original Mortgage
$368,207
Interest Rate
4.25%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 13, 1992
Sold by
First Eastern Mtg Co
Bought by
Jean Rena D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
8.64%
Mortgage Type
Purchase Money Mortgage
Similar Homes in the area
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 |
|---|---|---|---|
| Scholl Brian W | $375,000 | -- | |
| Jean Rena D | $100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Scholl Brian W | $354,500 | |
| Closed | Scholl Brian W | $368,207 | |
| Previous Owner | Jean Rena D | $10,000 | |
| Previous Owner | Jean Rena D | $93,000 | |
| Previous Owner | Jean Rena D | $90,000 | |
| Previous Owner | Jean Rena D | $90,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/21/2018 06/21/18 | Sold | $375,000 | +7.2% | $305 / Sq Ft |
| 05/09/2018 05/09/18 | Pending | -- | -- | -- |
| 05/04/2018 05/04/18 | For Sale | $349,900 | -- | $284 / 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 | $5,834 | $514,500 | $170,600 | $343,900 |
| 2024 | $5,594 | $481,400 | $161,600 | $319,800 |
| 2023 | $5,483 | $438,300 | $149,600 | $288,700 |
| 2022 | $5,585 | $421,500 | $140,600 | $280,900 |
| 2021 | $5,189 | $376,000 | $140,600 | $235,400 |
| 2020 | $4,822 | $333,700 | $121,500 | $212,200 |
| 2019 | $4,409 | $292,000 | $115,500 | $176,500 |
| 2018 | $4,160 | $270,500 | $110,100 | $160,400 |
| 2017 | $3,968 | $250,200 | $89,800 | $160,400 |
| 2016 | $3,845 | $245,400 | $85,000 | $160,400 |
| 2015 | $3,646 | $222,200 | $76,600 | $145,600 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2018
John Twomey
Harbor Rental & Realty
-
EdVantage Home Group
Buyer's Agent in 2018
EdVantage Home Group
RE/MAX
(781) 720-9444
2 in this area
97 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72321357
APN: SALE-000033-000000-000029
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
- 26 Linden St
- 275 Lafayette St
- 16 Loring Ave
- 6R Hazel Terrace Unit 8
- 245 Lafayette St Unit 1F
- 2A Hazel St Unit 3
- 3 Hazel St
- 106 Broadway
- 106 Broadway Unit 3
- 106 Broadway Unit 2
- 106 Broadway Unit 1
- 10 Eden St
- 1 Shore Ave
- 73 Lawrence St
- 209 Jefferson Ave
- 231 Jefferson Ave
- 24 Cabot St Unit 1
- 71 Leach St Unit 3
- 5 Gardner St Unit 2
- 13 Raymond Rd
- 7 Hersey St
- 5 Hersey St
- 11 Hersey St
- 3 Hersey St
- 3 Hersey St Unit 1
- 18 Forest Ave Unit 3
- 18 Forest Ave Unit 2
- 18 Forest Ave Unit 1
- 24 Forest Ave
- 20 Forest Ave Unit 3
- 20 Forest Ave Unit 2
- 20 Forest Ave Unit 1
- 20 Forest Ave Unit 2
- 20 Forest Ave Unit 3,20
- 10 Hersey St Unit 3
- 10 Hersey St Unit 2
- 10 Hersey St Unit 1
- 10 Hersey St
- 26 Forest Ave
- 26 Forest Ave Unit 3