NOT LISTED FOR SALE

70 Ocean Ave Salem, MA 01970

South Salem Neighborhood

Estimated Value: $836,000 - $891,632

3 Beds
3 Baths
2,329 Sq Ft
$369/Sq Ft Est. Value

Last Sold March 15, 2019

Last sale price $547,000 $235 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $5,255/month

10 Days on Market

About This Home

As of March 2019

Located between Salem State University and Downtown Salem, this well-maintained three unit building offers the next owner 7+ parking spaces, outdoor space for tenants to enjoy, 3 new heating systems installed in 2017, coin-operated laundry, and units with replacement windows, hardwood floors and tall ceilings. Tenants are at-will. The building has 3 living levels with one unit per floor. Unit 1: 1+BR, 1 bath, 3 parking spaces with potential for 2 bedrooms ($1,275 per month); Unit 2: 1BR, 1 bath with 2 parking spaces ($900 per month); Unit 3: 1BR, 1 bath with 1 parking space ($800 per month).

Last Agent to Sell the Property

Michael Cannuscio

Sagan Harborside Sotheby's International Realty Listed on: 02/01/2019

Last Buyer's Agent

Team Harborside

Sagan Harborside Sotheby's International Realty

Sagan Harborside Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,285

Year Built

  • Built in 1870

Lot Details

  • 5,227

Flooring

  • Wood
  • Tile
  • Vinyl

Additional Features

  • Deck
  • Year Round Access
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:33 L:0323

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,285

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.50
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 214.64
  • Comp Based On: Net Sale Price
  • Year Built: 1870
  • Lead Paint: Unknown
  • Year Round: Yes
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1870

Interior Features

  • Flooring: Wood, Tile, Vinyl
  • Total Flrs: 6
  • No Bedrooms: 3
  • Total Brs: 3
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 10
  • Basement: Y
  • Basement Features: Full, Bulkhead, Concrete Floor
  • Main Lo: AN4471
  • Main So: AN4471
  • Estimated Sq Ft: 2329.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 3/10 to 1/2 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Wood
  • Exterior Features: Deck - Wood

Garage/Parking

  • Parking Feature: Off-Street, Tandem, Paved Driveway
  • Parking Spaces: 7

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Heat Zones: 3

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University

Lot Info

  • Assessments: 435600.00
  • Acre: 0.12
  • Lot Size: 5227.00
  • Page: 175
  • Parcel Number: M:33 L:0323
  • Zoning: R2
  • Lot Description: Corner

Multi Family

  • Heat Units: 3
  • Total Levels: 5
  • Total Rent: 2975
  • Total Rms: 10
  • No Units: 3
  • Mf Type: 3 Family

Tax Info

  • Taxes: 6578.00
  • Assessor Parcel Number: 2134882

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2019
Closed on
Mar 15, 2019
Sold by
Rando Brian P
Bought by
Thanawan Pomerleau Deirdre L and Thanawan Promsuk
Seller's Agent
Michael Cannuscio
Sagan Harborside Sotheby's International Realty
Buyer's Agent
Team Harborside
Sagan Harborside Sotheby's International Realty
List Price
$499,900
Sold Price
$547,000
Premium/Discount to List
$47,100
9.42%
Current Estimated Value
$860,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,158
Avg. Annual Appreciation
7.29%
Original Mortgage
$519,650
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2004
Sold by
Rando Brian P and Rando Reagan E
Bought by
Rando Brian P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,500
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2003
Sold by
Ocean Avenue Rt
Bought by
Rando Brian P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2002
Sold by
Russell James L
Bought by
Magee Ocean Ave Rt

Purchase Details

Closed on
Mar 24, 2000
Sold by
Vandermolen Robert J and Kowalski Kathryn M
Bought by
Russell James L
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Thanawan Pomerleau Deirdre L $547,000 --
Rando Brian P -- --
Rando Brian P -- --
Magee Ocean Ave Rt $335,000 --
Russell James L $214,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pomerleau Deirdre L $549,750
Closed Pomerleau Deirdre L $517,000
Closed Pomerleau Deirdre L $519,000
Closed Thanawan Pomerleau Deirdre L $519,650
Previous Owner Russell James L $263,761
Previous Owner Russell James L $307,500
Previous Owner Russell James L $297,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2019 03/15/19 Sold $547,000 +9.4% $235 / Sq Ft
02/11/2019 02/11/19 Pending -- -- --
02/01/2019 02/01/19 For Sale $499,900 -- $215 / 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 $8,285 $730,600 $171,200 $559,400
2024 $7,949 $684,100 $162,200 $521,900
2023 $7,707 $616,100 $150,200 $465,900
2022 $7,619 $575,000 $141,200 $433,800
2021 $7,458 $540,400 $141,200 $399,200
2020 $6,620 $458,100 $122,000 $336,100
2019 $6,578 $435,600 $115,900 $319,700
2018 $6,110 $397,300 $110,500 $286,800
2017 $5,716 $360,400 $90,100 $270,300
2016 $5,572 $355,600 $85,300 $270,300
2015 $5,422 $330,400 $76,900 $253,500
Source: Public Records

Agents Affiliated with this Home

  • Michael Cannuscio

    Seller's Agent in 2019

    Michael Cannuscio

    Sagan Harborside Sotheby's International Realty

    (781) 838-0068

    1 in this area

    12 Total Sales

    Section Image

  • T

    Buyer's Agent in 2019

    Team Harborside

    Sagan Harborside Sotheby's International Realty

    (617) 816-1909

    5 in this area

    138 Total Sales

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72448434

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000323

Massachusetts Essex County Salem 01970 South Salem

70 Ocean Ave, Salem, MA

This home is located at 70 Ocean Ave, Salem, MA 01970 since 01 February 2019 and is currently estimated at $860,158, approximately $369 per square foot. This property was built in 1870. 70 Ocean Ave is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Horace Mann Laboratory.

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