Seller's Agent in 2022
Paul Dunton
RE/MAX
(978) 857-0351
3 in this area
283 Total Sales
79 Salem St Reading, MA 01867
4
Beds
2
Baths
1,716
Sq Ft
0.31
Acres
About This Home
As of August 2022SELLER SAYS MAKE AN OFFER! This two family needs work but is in a great location and has an amazing huge yard! This is a great opportunity for a first time buyer or investor to get into the sought after Multi Family market in Reading. This side by side duplex is fully rented with long term tenants. Each unit has separate electric, separate FHA oil heating systems, separate natural gas hot water heaters. Floors consist of hardwood, wide pine, carpet and linoleum. Each unit is very similar in size. Both units have their own private entrances and off street parking. Full basement with storage. Located within walking distance to the park, schools, downtown, and a 15 minute walk to the commuter rail to Boston. Also nearby easy access to major highways. Build some sweat equity and use the rent to pay your mortgage!
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$9,467
Year Built
1820
Lot Details
0
Listing Details
- Lot Description: Cleared, Level
- Property Type: Multi-family
- Other Agent: 2.00
- Lead Paint: Unknown
- Year Round: Yes
- Insc: 1327
- Special Features: None
- Property Sub Type: MultiFamily
- Year Built: 1820
Interior Features
- Has Basement: Yes
- Number of Rooms: 12
- Electric: Circuit Breakers, 100 Amps, Individually Metered
- Flooring: Wood, Vinyl, Wall to Wall Carpet, Hardwood
- Basement: Full
- Total Levels: 4
Exterior Features
- Roof: Asphalt/Fiberglass Shingles
- Construction: Frame
- Exterior: Vinyl
- Exterior Features: Porch - Enclosed
- Foundation: Fieldstone, Brick
Garage/Parking
- Parking: Off-Street
- Parking Spaces: 6
Utilities
- Hot Water: Natural Gas
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Total Units: 2
Lot Info
- Zoning: s15
- Lot: 169
Multi Family
- APOD Available: Yes
- Total Bedrooms: 4
- Total Floors: 2
- Total Full Baths: 2
- Total Levels: 2
- Total Rms: 12
- Total Rent_1: 1700
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 23, 2022
Closed on
Aug 26, 2022
Sold by
Hcr Construction Inc
Bought by
Marathe Sampada S and Marathe Sameer S
Seller's Agent
Paul Dunton
RE/MAX Triumph Realty
Buyer's Agent
Andrew McKinney
Donnelly + Co.
List Price
$839,900
Sold Price
$825,000
Premium/Discount to List
-$14,900
-1.77%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,466
Avg. Annual Appreciation
5.73%
Original Mortgage
$660,000
Outstanding Balance
$636,037
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$336,230
Purchase Details
Closed on
Sep 12, 2016
Sold by
Ventura Tanya M
Bought by
Ventura Tanya M and Ventura Shawn M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
3.48%
Mortgage Type
Unknown
Purchase Details
Closed on
May 4, 2015
Sold by
Martin Ft and Ventura
Bought by
Ventura Tanya M
Purchase Details
Closed on
Apr 28, 2011
Sold by
Martin Ft and Martin
Bought by
Reading Town Of
Purchase Details
Closed on
Aug 13, 2004
Sold by
Martin Joseph H
Bought by
Martin Ft and Martin
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Condominium Deed | $825,000 | None Available | |
| Condominium Deed | $825,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $5,512 | -- | |
| Deed | $5,512 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $660,000 | Purchase Money Mortgage | |
| Closed | $660,000 | Purchase Money Mortgage | |
| Previous Owner | $830,000 | Construction | |
| Previous Owner | $170,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2022 08/26/22 | Sold | $825,000 | -1.8% | $359 / Sq Ft |
| 07/18/2022 07/18/22 | Pending | -- | -- | -- |
| 06/23/2022 06/23/22 | For Sale | $839,900 | +133.3% | $366 / Sq Ft |
| 11/18/2016 11/18/16 | Sold | $360,000 | -12.2% | $210 / Sq Ft |
| 10/11/2016 10/11/16 | Pending | -- | -- | -- |
| 10/04/2016 10/04/16 | Price Changed | $409,900 | -4.7% | $239 / Sq Ft |
| 09/26/2016 09/26/16 | For Sale | $430,000 | -- | $251 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $9,467 | $831,200 | $0 | $831,200 |
| 2024 | $9,289 | $792,600 | $0 | $792,600 |
| 2023 | $7,450 | $591,700 | $344,900 | $246,800 |
| 2022 | $7,073 | $530,600 | $309,300 | $221,300 |
| 2021 | $6,564 | $475,300 | $268,700 | $206,600 |
| 2020 | $6,351 | $455,300 | $257,400 | $197,900 |
| 2019 | $6,167 | $433,400 | $245,000 | $188,400 |
| 2018 | $5,900 | $425,400 | $240,500 | $184,900 |
| 2017 | $5,766 | $411,000 | $225,800 | $185,200 |
| 2016 | $5,410 | $373,100 | $225,000 | $148,100 |
| 2015 | -- | $360,700 | $210,800 | $149,900 |
| 2014 | $5,152 | $349,500 | $202,700 | $146,800 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2022
Brianna Masse
RE/MAX
(978) 569-0635
2 in this area
154 Total Sales
-
Buyer's Agent in 2022
Andrew McKinney
Donnelly + Co.
(617) 501-0233
6 in this area
169 Total Sales
-
Seller's Agent in 2016
Michael Hubbard
The Real Estate Hub, LLC
(603) 770-5300
53 Total Sales
-
M
Buyer's Agent in 2016
Mike Stuart
Merrimack Realty Group, Chelmsford
(978) 423-3364
18 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72072973
APN: READ-000022-000000-000169
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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