NOT LISTED FOR SALE

Estimated Value: $728,150 - $848,000

4 Beds
2 Baths
2,680 Sq Ft
$292/Sq Ft Est. Value

Sale Details

Date Sold: July 15, 2022

Last sale price $715,000 $267 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,767 / mo

4 Days on Market

Highlights

  • Marina
  • Granite Flooring
  • Property is near public transit and schools
  • Medical Services
  • Deck
  • 3-minute walk to Patten Park

About This Home

As of July 2022

OPEN 6/2 from 430 to 600, OPEN 6/4,6/5 from 1130 to 100. Great opportunity to own this well maintained two family home located in North Salem just minutes away from the commuter rail, Kernwood CC, downtown Salem and waterfront! This spacious home has identical layouts for each unit spanning over 1300 sf per unit. Each unit has an open floor plan with the living room, dining room, sun room combination all with hard wood flooring. The kitchens feature a 7x3 pantry a 7x6 galley style work area and a 13.5x11 eat in kitchen! The bedrooms include hardwood flooring, ceiling fans and period detail throughout. Each unit has a full bath with tub and shower. There is excellent storage in the basement and in the attic! Both units have a front porch and back deck along with a common fenced in back yard! Each unit has an updated gas boiler and updated gas hot water tank along with updated electrical panels! Each unit has one garage bay along with a great driveway that accommodates 4 cars per unit!

Last Agent to Sell the Property

Mike Cotraro

Aluxety Listed on: 05/31/2022

Last Buyer's Agent

Joyce Cucchiara

Coldwell Banker Realty - Lynnfield

Coldwell Banker Realty - Lynnfield

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,037

Year Built

  • Built in 1930

Lot Details

  • 5,724 Sq Ft Lot
  • Fenced
  • Level Lot

Parking

  • 2 Car Garage
  • Open Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,680 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Granite
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Outdoor Features

  • Deck
  • Rain Gutters
  • Porch

Location

  • Property is near public transit and schools

Utilities

  • Cooling Available
  • 2 Heating Zones
  • Heating Available
  • Separate Meters
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $2,950
  • Rent includes unit 1(water), unit 2(water)

Community Details

Recreation

  • Marina
  • Park

Additional Features

  • 2 Units
  • Medical Services
  • Net Operating Income $35,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,037

Year Built

Built in 1930

Lot Details

5,724 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1930
  • Buyer Agency Type: %
  • Dual Variable: Yes
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Vinyl,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors)
  • Interior Amenities: Unit 1(Ceiling Fans,Pantry,Storage,Bathroom With Tub & Shower,Open Floor Plan,Internet Available - Unknown), Unit 2(Ceiling Fans,Pantry,Storage,Bathroom With Tub & Shower,Open Floor Plan,Internet Available - Unknown), Unit 1 Rooms(Living Room,Dining Room,Kitchen,Living RM/Dining RM Combo,Sunroom), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Living RM/Dining RM Combo,Sunroom)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Gas Water Heater,Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer Hookup
  • Basement: Full, Interior Entry, Concrete, Unfinished
  • Living Area: 2680
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: AN1532
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Stone, Brick/Mortar, Granite
  • Patio And Porch Features: Porch, Deck, Deck - Wood
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Off Street, Paved
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Cooling: Unit 2(Window AC)
  • Heating: Unit 1(Steam,Gas), Unit 2(Steam,Gas)
  • Cooling Y N: Yes
  • Electric: Circuit Breakers, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Medical Facility, Highway Access, House of Worship, Marina, Public School, University
  • Rent Includes: Unit 1(Water), Unit 2(Water)

Lot Info

  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5724
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7037.08

Multi Family

  • Net Operating Income: 35400
  • Number Of Units Total: 2
  • Total Actual Rent: 2950
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2024
Sold by
Cole Calogera L and Cole Robert E
Bought by
7375 Barstow St Salem Llc
Current Estimated Value
$782,538

Purchase Details

Listed on
May 31, 2022
Closed on
Jul 15, 2022
Sold by
Day John and Day Kelly
Bought by
Cole Calogera L and Cole Robert E
Seller's Agent
Mike Cotraro
Aluxety
Buyer's Agent
Joyce Cucchiara
Coldwell Banker Realty - Lynnfield
List Price
$699,000
Sold Price
$715,000
Premium/Discount to List
$16,000
2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.43%
Original Mortgage
$95,000
Interest Rate
5.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 11, 2005
Sold by
Day Eric A and Day Joseph C
Bought by
Day Joseph C

Purchase Details

Closed on
Apr 6, 2001
Sold by
Perry Kevin F and Syrakos-Perry Mercene
Bought by
Day Eric A and Day Joseph C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
7375 Barstow St Salem Llc -- None Available
7375 Barstow St Salem Llc -- None Available
Cole Calogera L $715,000 None Available
Day Joseph C -- --
Day Joseph C -- --
Day Eric A $255,000 --
Day Eric A $255,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cole Calogera L $95,000
Previous Owner Day Eric A $340,000
Previous Owner Day Eric A $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2022 07/15/22 Sold $715,000 +2.3% $267 / Sq Ft
06/05/2022 06/05/22 Pending -- -- --
05/31/2022 05/31/22 For Sale $699,000 -- $261 / 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 $7,410 $653,400 $208,900 $444,500
2024 $7,082 $609,500 $198,500 $411,000
2023 $6,849 $547,500 $183,300 $364,200
2022 $7,037 $531,100 $177,200 $353,900
2021 $6,670 $483,300 $164,900 $318,400
2020 $6,550 $453,300 $155,800 $297,500
2019 $6,481 $429,200 $147,800 $281,400
2018 $5,994 $389,700 $140,500 $249,200
2017 $5,576 $351,600 $118,500 $233,100
2016 $5,423 $346,100 $113,000 $233,100
2015 $5,261 $320,600 $103,800 $216,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72989026

MLS Property Information Network (MLS PIN)

APN: SALE-000026-000000-000226

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