7 Palmer St Salem, MA 01970
The Point NeighborhoodEstimated Value: $726,438 - $1,035,000
5
Beds
3
Baths
3,684
Sq Ft
$239/Sq Ft
Est. Value
Highlights
- 2 Car Garage
- Level Lot
- 2-minute walk to Mary Jane Lee Park
About This Home
As of February 2023Great 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
Keller Williams Realty Evolution Listed on: 03/11/2022
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
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
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
Similar Homes in Salem, MA
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Home Values in the Area
Average Home Value in this Area
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
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
-
Ivelisse Medina
Buyer's Agent in 2023
Ivelisse Medina
Cameron Real Estate Group
(978) 430-3009
1 in this area
97 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72951822
APN: SALE-000034-000000-000249
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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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