7 Wall St Salem, MA 01970
Gallows Hill NeighborhoodEstimated Value: $707,382 - $860,000
3
Beds
2
Baths
3,306
Sq Ft
$236/Sq Ft
Est. Value
Highlights
- Baseboard Heating
- Level Lot
- Wood Siding
- High Speed Internet
About This Home
As of August 2021HIGHEST & BEST DUE MONDAY 7/19 @ NOON. RARE FIND!! This wonderful 2-family home is bursting with pride of ownership & has been very well maintained over the years. Fantastic opp. for investors! This 2 family home is tucked away on a quiet side street yet located in the heart of Salem's Historic District; close to downtown, the commuter rail, Salem State & all the action. 1st floor level is handicap accessible, lrg open concept kitchen & living room, huge bedroom w/ walk-in closet & washer & dryer in unit. Sitting area w/ knotty pine ceiling & sliding door leading out to the deck that overlooks the backyard. 2nd floor unit has 2 spacious bdrs, a lrg open kitchen/living room space & full bath. Beautiful hardwood floors throughout the entire 2nd floor unit. W&D is located in the basement for the 2nd floor unit along w/ extra storage. Basement also includes finished space, could be used as an office/bonus space. The lrg driveway allows for 4 cars & street parking avl.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,734
Year Built
- Built in 1967
Lot Details
- 2,614 Sq Ft Lot
- Level Lot
Parking
- Paved Parking
Home Design
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
Interior Spaces
- 2 Full Bathrooms
- 2-Story Property
- Partially Finished Basement
- Interior Basement Entry
Utilities
- Baseboard Heating
- Heating System Uses Oil
- 200+ Amp Service
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- 2 Units
Listing and Financial Details
- Tax Block 0081
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 13, 2021
Closed on
Aug 31, 2021
Sold by
Macpherson Paul R
Bought by
Byors Ryan and Fiorenza Naomi
Seller's Agent
Team Tringali
Keller Williams Gateway Realty
Buyer's Agent
Team Tringali
Keller Williams Gateway Realty
List Price
$565,000
Sold Price
$640,000
Premium/Discount to List
$75,000
13.27%
Total Days on Market
8
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
$139,346
Avg. Annual Appreciation
5.35%
Original Mortgage
$628,408
Outstanding Balance
$578,000
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$201,346
Purchase Details
Listed on
Apr 1, 2014
Closed on
May 23, 2014
Sold by
King Arthur F
Bought by
Macpherson Paul R
Seller's Agent
Paul Rallo
Keller Williams Realty Evolution
Buyer's Agent
Kym Sullivan
Century 21 North East
List Price
$309,000
Sold Price
$307,000
Premium/Discount to List
-$2,000
-0.65%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.62%
Original Mortgage
$313,600
Interest Rate
4.33%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Byors Ryan | $640,000 | None Available | |
| Macpherson Paul R | $307,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Byors Ryan | $628,408 | |
| Previous Owner | Macpherson Paul R | $313,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/31/2021 08/31/21 | Sold | $640,000 | +13.3% | $194 / Sq Ft |
| 07/21/2021 07/21/21 | Pending | -- | -- | -- |
| 07/13/2021 07/13/21 | For Sale | $565,000 | +84.0% | $171 / Sq Ft |
| 05/23/2014 05/23/14 | Sold | $307,000 | -0.6% | $115 / Sq Ft |
| 04/23/2014 04/23/14 | Pending | -- | -- | -- |
| 04/01/2014 04/01/14 | For Sale | $309,000 | -- | $116 / Sq Ft |
Source: PrimeMLS
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 | $7,296 | $643,400 | $194,100 | $449,300 |
| 2024 | $6,464 | $556,300 | $184,400 | $371,900 |
| 2023 | $6,326 | $505,700 | $170,200 | $335,500 |
| 2022 | $6,522 | $492,200 | $164,600 | $327,600 |
| 2021 | $5,734 | $415,500 | $153,200 | $262,300 |
| 2020 | $5,708 | $395,000 | $144,700 | $250,300 |
| 2019 | $5,649 | $374,100 | $137,300 | $236,800 |
| 2018 | $5,232 | $340,200 | $130,500 | $209,700 |
| 2017 | $4,856 | $306,200 | $110,100 | $196,100 |
| 2016 | $4,718 | $301,100 | $105,000 | $196,100 |
| 2015 | $4,478 | $272,900 | $96,500 | $176,400 |
Source: Public Records
Agents Affiliated with this Home
-
Team Tringali
T
Seller's Agent in 2021
Team Tringali
Keller Williams Gateway Realty
(603) 437-6899
1 in this area
328 Total Sales
-
Paul Rallo
Seller's Agent in 2014
Paul Rallo
Keller Williams Realty Evolution
(978) 766-8183
56 Total Sales
-
Kym Sullivan
Buyer's Agent in 2014
Kym Sullivan
Century 21 North East
(617) 308-4403
20 Total Sales
Map
Source: PrimeMLS
MLS Number: 4871931
APN: SALE-000015-000000-000081
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