NOT LISTED FOR SALE

8 Abbott St Salem, MA 01970

Gallows Hill Neighborhood

Estimated Value: $698,000 - $983,259

6 Beds
3 Baths
2,341 Sq Ft
$367/Sq Ft Est. Value

Last Sold December 28, 2021

Last sale price $805,000 $344 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,206/month

7 Days on Market

About This Home

As of December 2021

Perfectly maintained and updated THREE FAMILY. Each floor offers 4 rooms, 2 bedrooms, full bath and updated kitchens with granite counters. 1st floor has updated gas heat and hot water (lease expires April, 2022), 2nd floor has updated gas heat and hot water (lease expires June, 2022), 3rd floor has electric heat and gas hot water (currently vacant). All separate utilities, laundry and electric (plus common area meter), level lot offers deck, storage shed and off street parking, front porch, vinyl siding and replacement windows. Great opportunity for investor or owner-occupied. Nothing do do!

Last Agent to Sell the Property

Wendy Carpenito

Berkshire Hathaway HomeServices Commonwealth Real Estate Listed on: 11/08/2021

Berkshire Hathaway HomeServices Commonwealth Real Estate

Last Buyer's Agent

Justin Repp

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,388

Year Built

  • 1900

Lot Details

  • 7,841

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,388

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Aborn Street to Abbott Street
  • Garage Yn: No
  • Road Surface Type: Paved
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1900

Interior Features

  • MAIN LO: C99977
  • MAIN SO: C95098
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace: No
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Stories: 6

Exterior Features

  • Exterior Features: Storage
  • Foundation Details: Stone
  • Disclosures: 4, 500 Sq. Ft Of Land Is In Peabody - Peabody Taxes $365.05 And Assessment $34, 800. Property Being Sold In As-Is Condition. Slight Seepage During Heavy Rains. Showings Begin Saturday And Sunday
  • Exclusions: Tenants Property
  • Patio And Porch Features: Porch, Deck
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive, Off Street
  • Open Parking: Yes
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)

Lot Info

  • LOT SIZE: 7919
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 7840.799999
  • Zoning: call city

Multi Family

  • LEVELS 1: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3
  • Annual Gross Income: 34500
  • Property Net Operating Income: 34500
  • Number Of Units Total: 3
  • Total Actual Rent: 2875

Tax Info

  • Tax Annual Amount: 7713.55
  • Tax Book Number: 26384
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2021
Closed on
Dec 28, 2021
Sold by
Nardone Edward A and Nardone Jessica E
Bought by
Szajgin Adam
Seller's Agent
Wendy Carpenito
Berkshire Hathaway HomeServices Commonwealth Real Estate
Buyer's Agent
Justin Repp
Keller Williams Realty Evolution
List Price
$725,000
Sold Price
$805,000
Premium/Discount to List
$80,000
11.03%
Current Estimated Value
$859,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,315
Avg. Annual Appreciation
1.67%
Original Mortgage
$603,750
Outstanding Balance
$555,478
Interest Rate
2.98%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$303,837

Purchase Details

Closed on
Sep 26, 2016
Sold by
Nardone Jessica E
Bought by
Nardone Jessica E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2014
Sold by
Nardone Edward A and Nardone Jassica E
Bought by
Nardone Jessica E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Szajgin Adam $805,000 None Available
Nardone Jessica E -- --
Nardone Jessica E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Szajgin Adam $603,750
Previous Owner Nardone Jessica E $324,000
Previous Owner Nardone Jessica E $84,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2021 12/28/21 Sold $805,000 +11.0% $344 / Sq Ft
11/16/2021 11/16/21 Pending -- -- --
11/08/2021 11/08/21 For Sale $725,000 -- $310 / 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 $8,388 $739,700 $197,100 $542,600
2024 $8,072 $694,700 $187,300 $507,400
2023 $7,896 $631,200 $172,900 $458,300
2022 $7,636 $576,300 $167,100 $409,200
2021 $7,349 $532,500 $155,600 $376,900
2020 $6,893 $477,000 $147,000 $330,000
2019 $6,851 $453,700 $139,500 $314,200
2018 $6,384 $415,100 $132,500 $282,600
2017 $6,006 $378,700 $111,800 $266,900
2016 $5,853 $373,500 $106,600 $266,900
2015 $5,711 $348,000 $98,000 $250,000
Source: Public Records

Agents Affiliated with this Home

  • Wendy Carpenito

    Seller's Agent in 2021

    Wendy Carpenito

    Berkshire Hathaway HomeServices Commonwealth Real Estate

    (781) 789-4840

    1 in this area

    138 Total Sales

    Wendy Carpenito
    Section Image
  • Justin Repp

    Buyer's Agent in 2021

    Justin Repp

    Keller Williams Realty Evolution

    (978) 273-6680

    3 in this area

    100 Total Sales

    Justin Repp
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72917720

MLS Property Information Network (MLS PIN)

APN: SALE-000016-000000-000003

Massachusetts Essex County Salem 01960 Gallows Hill

8 Abbott St, Salem, MA

Not Listed for Sale

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