Seller's Agent in 2021
Daniel Devan
Gibson Sotheby's International Realty
(978) 526-0243
1 in this area
25 Total Sales
8 Arbella St Salem, MA 01970
Collins Cove NeighborhoodEstimated Value: $853,000 - $948,000
6
Beds
3
Baths
2,574
Sq Ft
$349/Sq Ft
Est. Value
About This Home
As of May 2021CHOICES & OPTIONS!!! Presently a two family house, but the property could be used in several ways:1) Single Family residence 2) Owners residence with an income producing apartment to offset the mortgage 3) Two family income producing property 4) Conversion to condominiums. Located in the desirable Collins Cove area with the beach and park only one block away. Be a part of the Bridge street revitalization. Walkable distance to the commuter rail and downtown Salem. The oversized windows allow an abundance of sunlight to enter the building. Most rooms have hardwood floors. Heating and hot water systems are separate. With two driveways, there is ample parking (4 cars). The back yard is fenced and could be enlarged by using some of the area used for parking. Property being sold “As IS”. COVID-19 protocols (masks and social distancing required). SHOWING TIMES: FRIDAY 2-4PM; SATURDAY, SUNDAY, MONDAY 1:00 - 3:00PM. OFFERS DUE 1:00PM TUESDAY.
Last Agent to Sell the Property
Gibson Sotheby's International Realty Listed on: 03/01/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,743
Year Built
- Built in 1880
Lot Details
- 3,049
Flooring
- Wood
- Vinyl
Utilities
- Natural Gas Water Heater
Additional Features
- Basement
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 1, 2021
Closed on
May 27, 2021
Sold by
Charles S Adams Jr T
Bought by
Delacruz Geraldyn and Tejada Ekkanuel D
Seller's Agent
Daniel Devan
Gibson Sotheby's International Realty
Buyer's Agent
Pedro Calcano
William Raveis R.E. & Home Services
List Price
$619,000
Sold Price
$685,000
Premium/Discount to List
$66,000
10.66%
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
$212,398
Avg. Annual Appreciation
5.16%
Original Mortgage
$672,592
Outstanding Balance
$617,691
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$229,204
Purchase Details
Closed on
Jan 13, 2017
Sold by
Adams Elizabeth A
Bought by
Charles S Adams Jr T
Purchase Details
Closed on
May 3, 2006
Sold by
Adams Charles S and Adams Sara B
Bought by
Adams Charles S
Purchase Details
Closed on
Jul 27, 2000
Sold by
Tzortzis Demi
Bought by
Adams Charles S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,200
Interest Rate
8.18%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Delacruz Geraldyn | $685,000 | None Available | |
| Charles S Adams Jr T | -- | -- | |
| Adams Charles S | -- | -- | |
| Adams Charles S | $216,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Delacruz Geraldyn | $672,592 | |
| Previous Owner | Tzortzis John G | $185,000 | |
| Previous Owner | Tzortzis John G | $183,200 | |
| Previous Owner | Tzortzis John G | $30,000 | |
| Previous Owner | Tzortzis John G | $92,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/28/2021 05/28/21 | Sold | $685,000 | +10.7% | $266 / Sq Ft |
| 03/09/2021 03/09/21 | Pending | -- | -- | -- |
| 03/01/2021 03/01/21 | For Sale | $619,000 | -- | $240 / 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 | $8,743 | $771,000 | $163,600 | $607,400 |
| 2024 | $8,384 | $721,500 | $155,000 | $566,500 |
| 2023 | $8,224 | $657,400 | $143,500 | $513,900 |
| 2022 | $7,896 | $595,900 | $134,900 | $461,000 |
| 2021 | $7,700 | $558,000 | $134,900 | $423,100 |
| 2020 | $7,034 | $486,800 | $116,500 | $370,300 |
| 2019 | $6,984 | $462,500 | $110,800 | $351,700 |
| 2018 | $6,463 | $420,200 | $105,600 | $314,600 |
| 2017 | $6,059 | $382,000 | $86,100 | $295,900 |
| 2016 | $5,914 | $377,400 | $81,500 | $295,900 |
| 2015 | $5,570 | $339,400 | $73,500 | $265,900 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2021
Pedro Calcano
William Raveis R.E. & Home Services
(781) 588-2169
1 in this area
88 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72791306
APN: SALE-000036-000000-000420
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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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