7 Salem St Wakefield, MA 01880
Lakeside NeighborhoodEstimated Value: $859,638 - $916,000
5
Beds
2
Baths
2,767
Sq Ft
$320/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Scenic Views
- Property is near public transit
- Medical Services
- Deck
- 3-minute walk to Wakefield Common Park
About This Home
As of September 2022Back On Market due to Buyer Financing. Brimming w/architectural details, historical significance, exceptional location and condition. This beautiful transitional Greek Revival/Italiante Style multi-family home lovingly cared for and updated is sure to surprise and delight. Home is listed on the National Register of Historic Places. Gracious front porch w/square columns and a side deck, overhanging eves supported by scroll cut brackets, low pitched gable roof with arched window are just some of its unique exterior features. Interior features include some floor to ceiling windows, hood wood moldings, french doors, curved walls, high ceilings, marble fireplace, in-unit laundry hookups, gleaming HW & Pine floors. Spacious and beautiful backyard, perennial plantings, lake views, off-street parking and so much more. Steps to Lake Quannapowitt, bus line, downtown and commuter rail. See Complete List of Upgrades. Showings begin immediately!
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Commonwealth Real Estate Listed on: 06/01/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,071
Year Built
- Built in 1850
Lot Details
- 10,759 Sq Ft Lot
- Irregular Lot
Home Design
- Duplex
- Brick Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
- Rubber Roof
Interior Spaces
- 2,767 Sq Ft Home
- Property has 1 Level
- Wood Burning Fireplace
- Insulated Doors
- Storage
- Washer and Dryer Hookup
- Scenic Vista Views
Flooring
- Wood
- Pine Flooring
- Parquet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Sump Pump
- Block Basement Construction
Parking
- 7 Car Parking Spaces
- Shared Driveway
- Paved Parking
- Guest Parking
- Open Parking
- Off-Street Parking
- Assigned Parking
Outdoor Features
- Deck
- Rain Gutters
- Porch
Location
- Property is near public transit
- Property is near schools
Schools
- Woodville Elementary School
- Galvin Middle School
- Wakefield High School
Utilities
- No Cooling
- 5 Heating Zones
- Heating Available
- Separate Meters
- 110 Volts
- Natural Gas Connected
- Tankless Water Heater
- Gas Water Heater
- Oil Water Heater
Listing and Financial Details
- Total Actual Rent $4,150
- Rent includes unit 1(water other (see remarks)), unit 2(water)
- Assessor Parcel Number 16105065
Community Details
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Park
- Jogging Path
- Bike Trail
Additional Features
- 2 Units
- Net Operating Income $49,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 7, 1993
Sold by
East Boston Sb
Bought by
Snow George J and Snow Marianne
Total Days on Market
55
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.47%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 18, 1993
Sold by
Bremen-Salem Rt 2
Bought by
East Boston Sb
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.47%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Wakefield, MA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Snow George J | $150,000 | -- | |
| East Boston Sb | $150,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Polster Joshua | $581,000 | |
| Closed | Bremen-Salem Rt | $105,000 | |
| Previous Owner | Bremen-Salem Rt | $140,000 | |
| Previous Owner | Bremen-Salem Rt | $75,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/26/2022 09/26/22 | Sold | $856,000 | -4.9% | $309 / Sq Ft |
| 07/27/2022 07/27/22 | Pending | -- | -- | -- |
| 07/21/2022 07/21/22 | For Sale | $899,900 | 0.0% | $325 / Sq Ft |
| 06/17/2022 06/17/22 | Pending | -- | -- | -- |
| 06/17/2022 06/17/22 | Price Changed | $899,900 | -5.3% | $325 / Sq Ft |
| 06/17/2022 06/17/22 | For Sale | $950,000 | 0.0% | $343 / Sq Ft |
| 06/06/2022 06/06/22 | Pending | -- | -- | -- |
| 06/01/2022 06/01/22 | For Sale | $950,000 | -- | $343 / 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 | $9,835 | $866,500 | $387,300 | $479,200 |
| 2024 | $9,290 | $825,800 | $369,100 | $456,700 |
| 2023 | $9,413 | $802,500 | $354,700 | $447,800 |
| 2022 | $9,071 | $736,300 | $325,400 | $410,900 |
| 2021 | $8,045 | $632,000 | $281,300 | $350,700 |
| 2020 | $7,670 | $600,600 | $267,300 | $333,300 |
| 2019 | $7,438 | $579,700 | $258,000 | $321,700 |
| 2018 | $7,174 | $554,000 | $246,400 | $307,600 |
| 2017 | $6,809 | $522,600 | $232,500 | $290,100 |
| 2016 | $5,956 | $441,500 | $205,500 | $236,000 |
| 2015 | $5,835 | $432,900 | $201,500 | $231,400 |
| 2014 | $5,425 | $424,500 | $197,600 | $226,900 |
Source: Public Records
Agents Affiliated with this Home
-
Dorothy Goodwin
Seller's Agent in 2022
Dorothy Goodwin
Berkshire Hathaway HomeServices Commonwealth Real Estate
(617) 548-5357
1 in this area
38 Total Sales
-
Amber Orton
Buyer's Agent in 2022
Amber Orton
Lyv Realty
(978) 500-5095
2 in this area
28 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72989683
APN: WAKE-000016-000105-000065
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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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