8 Cushing St Salem, MA 01970
North Salem Neighborhood
4
Beds
2
Baths
2,230
Sq Ft
4,791
Sq Ft Lot
Highlights
- Wood Flooring
- Porch
- Forced Air Heating System
- Attic
- Living Room
- 2-minute walk to McGlew Park
About This Home
As of December 2024Investors and Renovators take note! This two-unit property is brimming with potential. Located just a short distance from the train station and vibrant downtown, this property offers convenience and opportunity in a prime location. Along with 2 bedrooms in each unit, the top floor unit offers an unfinished third floor that could be transformed into additional living space, adding even more value. With off-street parking, a detached garage as well as a fenced-in yard this property is ideal for those looking to invest in a thriving community. Bring your vision and tools to breathe new life into this home and maximize its potential! Highest and best offer deadline Sunday at 7pm Sept 8th.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,830
Year Built
- Built in 1890
Lot Details
- 4,791 Sq Ft Lot
- Fenced
Parking
- 1 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Duplex
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,230 Sq Ft Home
- Property has 1 Level
- Living Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Attic
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Porch
Utilities
- No Cooling
- Forced Air Heating System
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 2129584
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 3, 2024
Closed on
Jan 28, 2025
Sold by
Sheraj Aleksander and Sheraj Arsen
Bought by
Sheraj Aleksander and Sheraj Arsen
Seller's Agent
Meghan Maraghy
Buyer's Agent
Mike Becker
Atlantic Coast Homes,Inc
List Price
$475,000
Sold Price
$552,500
Premium/Discount to List
$77,500
16.32%
Views
29
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
-$6,790
Avg. Annual Appreciation
-1.78%
Purchase Details
Listed on
Sep 3, 2024
Closed on
Dec 18, 2024
Sold by
Cascade Funding Mtg T Hb3
Bought by
Cascade Funding Mtg T Hb
Seller's Agent
Meghan Maraghy
Buyer's Agent
Mike Becker
Atlantic Coast Homes,Inc
List Price
$475,000
Sold Price
$552,500
Premium/Discount to List
$77,500
16.32%
Views
29
Purchase Details
Closed on
Oct 12, 2023
Sold by
St Pierre Robert J and Bk Of Ny Mellon Tcom
Bought by
Cascade Funding Mtg T Hb3
Purchase Details
Closed on
Dec 27, 2007
Sold by
8 Cushing St Salem Rt and Stpierre
Bought by
Stpierre Ronald J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,185
Interest Rate
6.17%
Similar Home in Salem, MA
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 |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Foreclosure Deed | $441,013 | None Available | |
| Foreclosure Deed | $441,013 | None Available | |
| Foreclosure Deed | $441,013 | None Available | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $544,185 | No Value Available | |
| Previous Owner | $15,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/18/2024 12/18/24 | Sold | $552,500 | +16.3% | $248 / Sq Ft |
| 09/08/2024 09/08/24 | Pending | -- | -- | -- |
| 09/03/2024 09/03/24 | For Sale | $475,000 | -- | $213 / 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 | $7,142 | $629,800 | $204,300 | $425,500 |
| 2024 | $6,830 | $587,800 | $194,100 | $393,700 |
| 2023 | $6,609 | $528,300 | $179,200 | $349,100 |
| 2022 | $6,785 | $512,100 | $173,200 | $338,900 |
| 2021 | $6,438 | $466,500 | $161,300 | $305,200 |
| 2020 | $6,322 | $437,500 | $152,300 | $285,200 |
| 2019 | $6,257 | $414,400 | $144,500 | $269,900 |
| 2018 | $5,794 | $376,700 | $137,400 | $239,300 |
| 2017 | $5,391 | $339,900 | $115,900 | $224,000 |
| 2016 | $5,242 | $334,500 | $110,500 | $224,000 |
| 2015 | $5,085 | $309,900 | $101,500 | $208,400 |
Source: Public Records
Agents Affiliated with this Home
-
Meghan Maraghy
Seller's Agent in 2024
Meghan Maraghy
(978) 580-9612
1 in this area
100 Total Sales
-
Mike Becker
Buyer's Agent in 2024
Mike Becker
Atlantic Coast Homes,Inc
(978) 590-4181
15 in this area
79 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73284027
APN: SALE-000017-000000-000171
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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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