NOT LISTED FOR SALE

70 Ocean Ave Salem, MA 01970

South Salem Neighborhood

Estimated Value: $825,000 - $897,000

3 Beds
3 Baths
2,329 Sq Ft
$370/Sq Ft Est. Value

Last Sold March 15, 2019

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

Est. 58% increase in value since last sale

Current estimated payment $5,130/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

Compass Partners

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

Sagan Harborside Sotheby's International Realty

Last Buyer's Agent

Team Harborside

Sagan Harborside Sotheby's International Realty

Sagan Harborside Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

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

Year Built

Built in 1870

Lot Details

5,227 Sq Ft Lot

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
Compass Partners
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
$861,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,873
Avg. Annual Appreciation
6.78%
Original Mortgage
$519,650
Outstanding Balance
$456,861
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$405,012

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 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 List to Sale Price per Sq Ft
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

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

  • C

    Seller's Agent in 2019

    Compass Partners

    Sagan Harborside Sotheby's International Realty

    2 Total Sales

    Compass Partners
    Section Image

  • T

    Buyer's Agent in 2019

    Team Harborside

    Sagan Harborside Sotheby's International Realty

    (617) 816-1909

    6 in this area

    123 Total Sales

    Team Harborside
    Section Image
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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

Not Listed for Sale

MultiFamily

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