NOT LISTED FOR SALE

7 Palmer St Salem, MA 01970

The Point Neighborhood

Estimated Value: $750,042 - $1,043,000

5 Beds
3 Baths
3,684 Sq Ft
$235/Sq Ft Est. Value

Last Sold February 10, 2023

Last sale price $615,000 $167 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $5,297/month

271 Days on Market

Highlights

  • 2 Car Garage
  • Level Lot
  • 2-minute walk to Mary Jane Lee Park

About This Home

As of February 2023

Great Investment Opportunity: This large, conveniently located 3 family offers many options to a live-in owner or an investor wanting to collect rents and build equity in an up and coming area; or to those interested in potential, future condominium conversion. Rooms are large with nice details, tall ceilings and wood floors. Property has a 2-car garage (in need of total rehab) and 4 car parking and small yard. The property overall is in need of many improvements and is being sold "as is." Limited information available as this is part of an estate. Many details are approximate for that reason. Buyer to perform own due diligence. First showing will include access to only one-unit and basement. Proof of funds/pre-approval required prior to showing.

Last Agent to Sell the Property

Judith Zissulis

Keller Williams Realty Evolution Listed on: 03/11/2022

Keller Williams Realty Evolution

Last Buyer's Agent

Ivelisse Medina

Century 21 North East

Century 21 North East

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,568

Year Built

  • Built in 1915

Lot Details

  • 4,225 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking

Home Design

  • 3,684 Sq Ft Home
  • Stone Foundation

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • 3 Heating Zones

Community Details

  • 3 Units
  • Property has 1 Level

Listing and Financial Details

  • Assessor Parcel Number M:34 L:0249,2135708

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,568

Year Built

Built in 1915

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1915
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 1/2%
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Living Area: 3684
  • Stories Total: 6
  • MAIN LO: C95098
  • LIST PRICE PER Sq Ft: 184.55
  • PRICE PER Sq Ft: 166.94
  • MAIN SO: AN4339

Exterior Features

  • Foundation Details: Stone
  • Waterfront Features: Beach Front
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3

Lot Info

  • Parcel Number: M:34 L:0249,2135708
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4225
  • Lot Size Units: Acres
  • PAGE: 236
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7568
  • Tax Book Number: 26077

Multi Family

  • Number Of Units Total: 3
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2022
Sold by
Rodriguez Patricia A
Bought by
Rodriguez Patricia A and Tejada Wander P
Current Estimated Value
$866,761

Purchase Details

Closed on
Mar 17, 2020
Sold by
Locke Linda
Bought by
Liberty Rt

Purchase Details

Closed on
Sep 12, 2006
Sold by
Liberty Rt
Bought by
Locke Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.59%

Purchase Details

Closed on
Nov 27, 1995
Sold by
Kelley Brian H and Baybank
Bought by
Liberty Rt
Source: Public Records

Range of Values:

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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
Rodriguez Patricia A -- None Available
Liberty Rt -- None Available
Locke Linda $62,500 --
Liberty Rt $62,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Patricia A $735,000
Previous Owner Rodriguez Patricia A $461,250
Previous Owner Locke Linda $192,334
Previous Owner Kelley Brian H $240,000
Previous Owner Kelley Brian H $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2023 02/10/23 Sold $615,000 -9.5% $167 / Sq Ft
12/08/2022 12/08/22 Pending -- -- --
11/06/2022 11/06/22 For Sale $679,900 0.0% $185 / Sq Ft
11/06/2022 11/06/22 Off Market $679,900 -- --
11/02/2022 11/02/22 Price Changed $679,900 -5.6% $185 / Sq Ft
08/24/2022 08/24/22 Price Changed $719,900 -4.0% $195 / Sq Ft
03/11/2022 03/11/22 For Sale $750,000 -- $204 / 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 $8,642 $762,100 $150,000 $612,100
2024 $7,762 $668,000 $150,000 $518,000
2023 $7,661 $612,400 $132,400 $480,000
2022 $7,568 $571,200 $123,600 $447,600
2021 $7,235 $524,300 $115,300 $409,000
2020 $6,497 $449,600 $85,000 $364,600
2019 $6,348 $420,400 $75,000 $345,400
2018 $5,874 $381,900 $75,000 $306,900
2017 $5,576 $351,600 $64,000 $287,600
2016 $5,510 $351,600 $64,000 $287,600
2015 $4,659 $283,900 $55,000 $228,900
Source: Public Records

Agents Affiliated with this Home

  • Judith Zissulis

    Seller's Agent in 2023

    Judith Zissulis

    Keller Williams Realty Evolution

    (781) 417-9779

    4 in this area

    31 Total Sales

    Judith Zissulis
    Section Image
  • Ivelisse Medina

    Buyer's Agent in 2023

    Ivelisse Medina

    Century 21 North East

    (978) 430-3009

    1 in this area

    89 Total Sales

    Ivelisse Medina
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72951822

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000249

Massachusetts Essex County Salem 01970 The Point

7 Palmer St, Salem, MA

This home is located at 7 Palmer St, Salem, MA 01970 since 11 March 2022 and is currently estimated at $866,761, approximately $235 per square foot. This property was built in 1915. 7 Palmer St is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates 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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