Seller's Agent in 2022
Derek Greene
The Greene Realty Group
(888) 278-5840
1 in this area
3,222 Total Sales
7 Watson St Salem, MA 01970
Gallows Hill NeighborhoodEstimated Value: $744,000 - $893,000
5
Beds
2
Baths
2,535
Sq Ft
$321/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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 19, 2022
Closed on
Aug 9, 2022
Sold by
Bought by
Seller's Agent
Derek Greene
The Greene Realty Group
Buyer's Agent
Jacqueline Yong
eXp Realty LLC
List Price
$699,900
Sold Price
$625,000
Premium/Discount to List
-$74,900
-10.7%
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
$187,609
Avg. Annual Appreciation
6.84%
Original Mortgage
$613,679
Interest Rate
0.0581%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 10, 2010
Sold by
Bought by
Purchase Details
Closed on
Oct 31, 2003
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $625,000 | None Available | ||
| $272,442 | -- | ||
| $324,900 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $613,679 | ||
| Previous Owner | $413,000 | ||
| Previous Owner | $339,500 | ||
| Previous Owner | $237,000 | ||
| Previous Owner | $365,000 | ||
| Previous Owner | $315,000 | ||
| Previous Owner | $42,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
-
Derek Greene
-
Jacqueline Yong
Buyer's Agent in 2022
Jacqueline Yong
eXp Realty LLC
(781) 325-8084
1 in this area
6 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72984678
APN: SALE-000016-000000-000355
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.
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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