Seller's Agent in 2022
Derek Greene
The Greene Realty Group
(860) 560-1006
1 in this area
2,958 Total Sales
7 Watson St Salem, MA 01970
Gallows Hill NeighborhoodEstimated Value: $749,000 - $830,000
5
Beds
2
Baths
2,535
Sq Ft
$307/Sq Ft
Est. Value
Highlights
- Tandem Parking
- Laundry Room
- Heating Available
- Cooling Available
About This Home
As of August 20222-Family House with the first floor unit consisting of 2 bedrooms and 1 bathroom, and the second unit consisting of 3 bedrooms and 1 bathroom spanning both the second and third floor. There is also a 300 sq ft area on the third floor that could be finished to increase the total square footage of the second unit, or with permission from building department, it could be used to convert the third floor space into an additional unit. Both units were completely renovated in 2013. Convenient to Commuter Rail, Downtown Salem, Dog Park, and 128.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,227
Year Built
- Built in 1880
Lot Details
- 2,003 Sq Ft Lot
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,535 Sq Ft Home
- Property has 1 Level
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Basement
- Partial Basement
- Interior Basement Entry
- Dirt Floor
- Crawl Space
Parking
- Tandem Parking
- Off-Street Parking
Schools
- Carlton Elementary School
- Collins Middle School
- Salem High School
Utilities
- Cooling Available
- Heating Available
- 110 Volts
Community Details
- 2 Units
- Net Operating Income $38,400
Listing and Financial Details
- Total Actual Rent $3,200
- Rent includes unit 1(water), unit 2(water)
- Assessor Parcel Number M:16 L:0355,2129386
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 10, 2010
Sold by
Guzman Felipito
Bought by
Federal National Mortgage Association
Current Estimated Value
Purchase Details
Closed on
Oct 31, 2003
Sold by
Nulk Darlene L and Nulk Gregory
Bought by
Guzman Felipito
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Federal National Mortgage Association | $272,442 | -- | |
| Federal National Mortgage Association | $272,442 | -- | |
| Guzman Felipito | $324,900 | -- | |
| Guzman Felipito | $324,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Danh Trung | $613,679 | |
| Closed | Danh Trung | $613,679 | |
| Closed | Bugg Jason C | $413,000 | |
| Closed | Bugg Jason C | $339,500 | |
| Closed | Guzman Felipito | $237,000 | |
| Previous Owner | Guzman Felipito | $365,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/10/2022 08/10/22 | Sold | $625,000 | -2.2% | $247 / Sq Ft |
| 07/11/2022 07/11/22 | Pending | -- | -- | -- |
| 07/05/2022 07/05/22 | Price Changed | $638,900 | -0.2% | $252 / Sq Ft |
| 06/21/2022 06/21/22 | Price Changed | $639,900 | -1.5% | $252 / Sq Ft |
| 06/01/2022 06/01/22 | Price Changed | $649,900 | -7.1% | $256 / Sq Ft |
| 05/19/2022 05/19/22 | For Sale | $699,900 | -- | $276 / 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 | $7,768 | $685,000 | $158,100 | $526,900 |
| 2024 | $7,417 | $638,300 | $149,800 | $488,500 |
| 2023 | $7,257 | $580,100 | $138,700 | $441,400 |
| 2022 | $7,227 | $545,400 | $130,400 | $415,000 |
| 2021 | $6,955 | $504,000 | $130,400 | $373,600 |
| 2020 | $6,565 | $454,300 | $112,600 | $341,700 |
| 2019 | $6,498 | $430,300 | $107,100 | $323,200 |
| 2018 | $5,974 | $388,400 | $102,100 | $286,300 |
| 2017 | $5,567 | $351,000 | $83,200 | $267,800 |
| 2016 | $5,431 | $346,600 | $78,800 | $267,800 |
| 2015 | $5,077 | $309,400 | $71,000 | $238,400 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2022
Jacqueline Yong
Three Hills Real Estate Service, LLC
(781) 325-8084
1 in this area
5 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72984678
APN: SALE-000016-000000-000355
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