NOT LISTED FOR SALE

7 Rand Rd Salem, MA 01970

North Salem Neighborhood

Estimated Value: $723,000 - $781,000

4 Beds
1.5 Baths
1,740 Sq Ft
$437/Sq Ft Est. Value

Last Sold November 14, 2022

Last sale price $620,000 $356 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $4,666/month

6 Days on Market

Highlights

  • Marina
  • Medical Services
  • Colonial Architecture
  • Golf Course Community
  • 0.33 Acre Lot
  • Deck

About This Home

As of November 2022

Absolutely one of the nicest streets in all of Salem. This center entrance colonial was built on the fields of Cabot Farm in 1955. The grounds are spacious, level and just gorgeous! There is total of 1,740 Sq Ft with 4 bedrooms 1.5 baths with re-finished hardwood floors throughout. Located on a cul de sac right next to the Kernwood Country Club's 10th hole and a beautiful public park/playground right outside of the back fence. This one owner home does need updating, but "bones are good" making it well worth the effort. Easy access to commuter rail and shopping. First Showings at Open House Sat and Sunday 11-1pm on 10/1 and 10/2/2022. Offers due Monday 6pm

Last Agent to Sell the Property

Philip Dennesen

Keller Williams Realty Evolution Listed on: 09/28/2022

Keller Williams Realty Evolution

Co-Listed By

Robin O'donnell

Keller Williams Realty Evolution

Last Buyer's Agent

Nick Murphy

Compass

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,675

Year Built

  • Built in 1955

Lot Details

  • 0.33 Acre Lot
  • Level Lot
  • Property is zoned R1

Parking

  • 1 Car Attached Garage
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,740 Sq Ft Home
  • 1 Fireplace
  • Picture Window
  • Home Office
  • Storm Windows
  • Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Outdoor Features

  • Deck
  • Patio
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Baseboard Heating
  • 100 Amp Service

Listing and Financial Details

  • Assessor Parcel Number M:28 L:0006,2133617

Community Details

Recreation

  • Marina
  • Golf Course Community
  • Park

Additional Features

  • North Salem Cabot Farm Subdivision
  • Medical Services

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,675

Year Built

Built in 1955

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Colonial
  • Year Built: 1955
  • Buyer Agency: 2.0%
  • Buyer Agency Type: %
  • Dual Variable: Yes
  • Subdivision Name: North Salem-Cabot Farm
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Interior Amenities: Home Office
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Range,Refrigerator, Utility Connections for Electric Range
  • Total Bedrooms: 4
  • Room Bedroom2 Level: Second
  • Room Bedroom2 Features: Flooring - Hardwood
  • Room Bedroom2 Area: 168
  • Room Bedroom3 Features: Flooring - Hardwood
  • Room Bedroom3 Area: 144
  • Room Bedroom3 Level: Second
  • Room Bedroom4 Area: 132
  • Room Bedroom4 Level: Second
  • Room Bedroom4 Features: Flooring - Hardwood
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bathrooms: 1.5
  • Room Master Bedroom Features: Flooring - Hardwood
  • Room Master Bedroom Level: Second
  • Room Master Bedroom Area: 192
  • Bathroom 1 Features: Bathroom - Full
  • Bathroom 1 Level: Second
  • Bathroom 2 Level: First
  • Bathroom 2 Features: Bathroom - Half
  • Room Dining Room Features: Flooring - Hardwood
  • Room Dining Room Level: First
  • Room Dining Room Area: 156
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Vinyl, Exterior Access
  • Room Kitchen Area: 168
  • Laundry Features: In Basement
  • Room Living Room Level: First
  • Room Living Room Area: 168
  • Room Living Room Features: Flooring - Hardwood, Window(s) - Picture
  • Room Office Level: First
  • Room Office Area: 121
  • Basement: Full, Partially Finished
  • Living Area: 1740
  • Window Features: Storm Window(s)
  • MAIN LO: C95098
  • LIST PRICE PER Sq Ft: 316.03
  • PRICE PER Sq Ft: 356.32
  • MAIN SO: AN2383

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck - Wood, Patio
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage YN: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Parking Features: Attached, Off Street
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Oil
  • Cooling Y N: Yes
  • Electric: Fuses, 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Park, Golf, Medical Facility, Highway Access, Marina, Public School, T-Station

Lot Info

  • Parcel Number: M:28 L:0006,2133617
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.33
  • Lot Size Area: 0.33
  • Lot Size Sq Ft: 14540
  • Lot Size Units: Acres
  • Property Attached YN: No
  • PAGE: 174
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6675
  • Tax Book Number: 4152

Multi Family

  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 1994
Sold by
Alcott Investors Tr
Bought by
Laudano Nicholas J
Current Estimated Value
$759,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,400
Interest Rate
8.65%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Laudano Nicholas J $159,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laudano Nicholas J $544,185
Closed Laudano Nicholas J $151,400
Previous Owner Laudano Nicholas J $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2022 11/14/22 Sold $620,000 +12.7% $356 / Sq Ft
10/05/2022 10/05/22 Pending -- -- --
09/28/2022 09/28/22 For Sale $549,900 -- $316 / 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 $7,650 $674,600 $289,800 $384,800
2024 $7,618 $655,600 $289,800 $365,800
2023 $6,728 $537,800 $226,600 $311,200
2022 $6,675 $503,800 $226,600 $277,200
2021 $6,889 $499,200 $226,600 $272,600
2020 $6,906 $477,900 $226,600 $251,300
2019 $6,797 $450,100 $215,500 $234,600
2018 $6,764 $439,800 $215,500 $224,300
2017 $6,560 $413,600 $196,900 $216,700
2016 $6,481 $413,600 $196,900 $216,700
2015 $6,597 $402,000 $196,900 $205,100
Source: Public Records

Agents Affiliated with this Home

  • Philip Dennesen

    Seller's Agent in 2022

    Philip Dennesen

    Keller Williams Realty Evolution

    (978) 578-3767

    2 in this area

    49 Total Sales

    Philip Dennesen
    Section Image
  • Robin O'donnell

    Seller Co-Listing Agent in 2022

    Robin O'donnell

    Keller Williams Realty Evolution

    (978) 979-1842

    1 in this area

    52 Total Sales

    Robin O'donnell
    Section Image
  • Nick Murphy

    Buyer's Agent in 2022

    Nick Murphy

    Compass

    1 in this area

    17 Total Sales

    Nick Murphy
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73042174

MLS Property Information Network (MLS PIN)

APN: SALE-000028-000000-000006

Massachusetts Essex County Salem 01970 North Salem

7 Rand Rd, Salem, MA

This home is located at 7 Rand Rd, Salem, MA 01970 since 28 September 2022 and is currently estimated at $759,759, approximately $436 per square foot. This property was built in 1955. 7 Rand Rd is a home located in Essex County with nearby schools including Bates Elementary School, Saltonstall School, and Carlton 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.

Nearby Homes