NOT LISTED FOR SALE

Estimated Value: $704,000 - $839,000

4 Beds
3 Baths
2,960 Sq Ft
$261/Sq Ft Est. Value

Last Sold September 01, 2021

Last sale price $625,000 $211 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,638/month

12 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Jogging Path
  • Property is near public transit
  • Loft
  • Cooling Available

About This Home

As of September 2021

Investment opportunity in a developing part of Salem! This property is a two-family that shares common bedrooms on the third level. There is a shared backyard and a partially finished basement Each unit includes a bedroom and 1 bathroom. On the 2nd floor, the unit has two levels of living or can be shared common areas. This space could easily be converted into a loft-style apartment. Some recent updates on the first-floor kitchen. There are two separate hot water heaters, which were installed two months ago, as well as an updated heating system a year ago. There is one zone for the heating, shared on the second level. the driveway on the left of the house is partially shared with neighbors. Ask about the easement. This is being SOLD AS IS.

Last Agent to Sell the Property

John H. Nickerson Jr.

Coldwell Banker Realty - Westford Listed on: 07/21/2021

Coldwell Banker Realty - Westford

Last Buyer's Agent

Ben Kovacs

Byrnes Real Estate Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,989

Year Built

  • Built in 1880

Lot Details

  • 1,742 Sq Ft Lot
  • Garden

Home Design

  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,960 Sq Ft Home
  • Property has 1 Level
  • Loft
  • Wood Flooring
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Partially Finished Basement

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

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Patio
  • Outdoor Storage
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Witchcraft Heig Elementary School
  • Collins Middle School
  • Salem High School

Utilities

  • Cooling Available
  • 1 Heating Zone
  • Heating Available
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 0141
  • Assessor Parcel Number M:16 L:0141,2129147

Community Details

Overview

  • 2 Units
  • Near Conservation Area

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,989

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1880
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Unit 1(undefined), Unit 2(Tile Floor,Hardwood Floors,Wall to Wall Carpet)
  • Interior Amenities: Loft, Unit 1(Ceiling Fans,Bathroom With Tub & Shower), Unit 2(Ceiling Fans,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Range, Refrigerator, Gas Water Heater, Utility Connections for Electric Range, Utility Connections for Gas Oven
  • Total Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Laundry Room, Washer Hookup, Washer & Dryer Hookup
  • Basement: Full, Partially Finished, Walk-Out Access, Interior Entry, Concrete
  • Living Area: 2960
  • Stories Total: 3
  • MAIN LO: AC0756
  • MAIN SO: AN5445

Exterior Features

  • Exterior Features: Rain Gutters, Storage, Garden
  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Patio
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Gas Oven, Washer Hookup
  • Cooling: Unit 1(Window AC), Unit 2(Window AC)
  • Heating: Unit 1(Hot Water Baseboard), Unit 2(Hot Water Baseboard)
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 1
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:16 L:0141,2129147
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements
  • Lot Size Acres: 0.04
  • Lot Size Sq Ft: 1742.4
  • Lot Size Units: Acres
  • LOT SIZE: 1947

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4989
  • Tax Lot: 0141

Multi Family

  • Number Of Units Total: 2
  • LEVELS 1: 1
  • LEASE 2: N
  • LEASE 1: N

MLS Schools

  • High School: Salem High
  • Elementary School: Witchcraft Heig
  • Middle Or Junior School: Collins Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2022
Sold by
Penso Timothy
Bought by
Pena Ranfi
Current Estimated Value
$772,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$711,868
Outstanding Balance
$662,281
Interest Rate
3.55%
Mortgage Type
FHA
Estimated Equity
$110,714

Purchase Details

Listed on
Jul 21, 2021
Closed on
Aug 31, 2021
Sold by
Silva Maria H Est
Bought by
Penso Timothy
Seller's Agent
John H. Nickerson Jr.
Coldwell Banker Realty - Westford
Buyer's Agent
Ben Kovacs
Byrnes Real Estate Group LLC
List Price
$625,000
Sold Price
$625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.10%
Original Mortgage
$531,250
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 1, 1978
Bought by
Silva Jose F and Silva Marie H
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
Pena Ranfi $725,000 None Available
Penso Timothy $625,000 None Available
Silva Jose F $36,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pena Ranfi $711,868
Previous Owner Penso Timothy $531,250
Previous Owner Silva Jose F $50,000
Previous Owner Silva Jose F $12,217
Previous Owner Silva Jose F $13,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2021 09/01/21 Sold $625,000 0.0% $211 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/21/2021 07/21/21 For Sale $625,000 -- $211 / 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 $7,009 $618,100 $163,500 $454,600
2024 $6,821 $587,000 $163,500 $423,500
2023 $6,398 $511,400 $149,600 $361,800
2022 $6,551 $494,400 $144,100 $350,300
2021 $4,989 $361,500 $135,800 $225,700
2020 $5,001 $346,100 $121,900 $224,200
2019 $4,882 $323,300 $110,800 $212,500
2018 $4,494 $292,200 $103,100 $189,100
2017 $4,352 $274,400 $97,000 $177,400
2016 $4,013 $256,100 $78,700 $177,400
2015 $4,006 $244,100 $78,700 $165,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72868883

MLS Property Information Network (MLS PIN)

APN: SALE-000016-000000-000141