NOT LISTED FOR SALE

Estimated Value: $734,000 - $851,000

6 Beds
2 Baths
3,114 Sq Ft
$247/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $630,000 $202 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,978/month

7 Days on Market

About This Home

As of October 2021

Stately 2 family home conveniently located with TONS of space! Will be delivered vacant. Located just over a mile to the MBTA station and downtown Salem and a stones throw to Salem Hospital. First floor unit is in good condition and has 2 bedrooms, dining room, living room, large eat in kitchen with laundry. Second unit is a similar floor plan as the first floor but has a bonus third floor that is semi finished and could easily increase bedroom count to 4 bedrooms with a little work. There is rough plumbing on the 3rd floor as well for another bathroom. The bathrooms were completely remodeled with newer plumbing. Each unit also has outdoor deck space overlooking a nice wooded and large backyard. 3 off street parking spots. Home has deferred maintenance and is being sold AS-IS.

Last Agent to Sell the Property

Justin Repp

Keller Williams Realty Evolution Listed on: 08/05/2021

Keller Williams Realty Evolution

Last Buyer's Agent

Blerina Idrizi

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,191

Year Built

  • 1920

Lot Details

  • 8,712

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,191

Year Built

1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Boston St to Proctor
  • Garage Yn: No
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1920

Interior Features

  • Appliances: Unit 1(Range,Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator,Washer,Dryer), Gas Water Heater
  • Has Basement: Full, Walk-Out Access, Unfinished
  • Total Bathrooms: 2
  • MAIN LO: C95098
  • LIST PRICE PER Sq Ft: 192.65
  • PRICE PER Sq Ft: 202.31
  • MAIN SO: AN5448
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace: No
  • Interior Amenities: Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Stories: 3

Exterior Features

  • Roof: Shingle
  • Foundation Details: Stone
  • Disclosures: All Utilities Cannot Be Guaranteed To Be Separate. Property In Need Of Deferred Maintenance (Deck Structures, Knob And Tube, Fascia Repair, Etc). Rents Listed Are Estimated Projected Rents. Sale Subject To Title Issues Being Resolved Prior To Closing - Inquire With List Agent.
  • Lot Features: Wooded, Gentle Sloping
  • Patio And Porch Features: Enclosed, Deck, Deck - Wood
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 3

Utilities

  • Heating: Unit 1(Forced Air), Unit 2(Forced Air)
  • Heating Yn: Yes
  • Laundry Features: Unit 1 Laundry Room, Unit 2 Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • LOT SIZE: 8725
  • PAGE: 307
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 8712
  • Zoning: R2

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2
  • Annual Gross Income: 45600
  • Property Net Operating Income: 45600
  • Number Of Units Total: 2
  • Total Actual Rent: 4000

Tax Info

  • Tax Annual Amount: 6936
  • Tax Book Number: 10834
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2021
Closed on
Oct 15, 2021
Sold by
Herdman Heidi A
Bought by
Qoqi Florian and Qoqi Tana
Seller's Agent
Justin Repp
Keller Williams Realty Evolution
Buyer's Agent
Blerina Idrizi
eXp Realty
List Price
$599,900
Sold Price
$630,000
Premium/Discount to List
$30,100
5.02%
Total Days on Market
7
Current Estimated Value
$767,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,927
Avg. Annual Appreciation
4.79%
Original Mortgage
$472,500
Outstanding Balance
$437,368
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$310,188

Purchase Details

Closed on
Jan 1, 1978
Bought by
Herdman Dale R and Herdman Heidi A
Source: Public Records

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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
Qoqi Florian $630,000 None Available
Herdman Dale R $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Qoqi Florian $472,500
Previous Owner Herdman Dale R $80,900
Previous Owner Herdman Dale R $56,000
Previous Owner Herdman Dale R $20,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $630,000 +5.0% $202 / Sq Ft
08/12/2021 08/12/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $599,900 -- $193 / 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 $8,191 $722,300 $224,300 $498,000
2024 $7,538 $648,700 $213,200 $435,500
2023 $7,292 $582,900 $196,800 $386,100
2022 $7,318 $552,300 $190,200 $362,100
2021 $6,936 $502,600 $177,100 $325,500
2020 $6,809 $471,200 $167,200 $304,000
2019 $6,736 $446,100 $158,700 $287,400
2018 $6,229 $405,000 $150,900 $254,100
2017 $5,784 $364,700 $127,200 $237,500
2016 $5,622 $358,800 $121,300 $237,500
2015 $5,453 $332,300 $111,500 $220,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72877177

MLS Property Information Network (MLS PIN)

APN: SALE-000025-000000-000002