NOT LISTED FOR SALE

8 Forest Ave Salem, MA 01970

South Salem Neighborhood

Estimated Value: $888,000 - $1,242,000

9 Beds
3 Baths
3,351 Sq Ft
$333/Sq Ft Est. Value

Last Sold August 03, 2020

Last sale price $832,500 $248 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $7,273/month

6 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Enclosed patio or porch

About This Home

As of August 2020

Beautiful 3-family Victorian in great neighborhood near SSU. $75,300 gross income. Owner has spent ten years updating, renovating and improving this house, sparing no expense. Listing agent is owner. All offers due by Tuesday June, 9th at 5PM.

Last Listed By

Charles Peabody

Copley Real Estate Group Listed on: 06/04/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,354

Year Built

  • Built in 1910

Lot Details

  • 4,356

Parking

  • 2 Car Garage

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Outdoor Features

  • Deck
  • Enclosed patio or porch

Utilities

  • Natural Gas Water Heater

Additional Features

  • Basement

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,354

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Insc: 2902
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 238.44
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1910
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1910

Interior Features

  • Flooring: Wood, Tile, Wall to Wall Carpet
  • Total Flrs: 6
  • No Bedrooms: 9
  • Total Brs: 9
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 15
  • Basement: Y
  • Basement Features: Full
  • Main Lo: NB5201
  • Main So: AN4471
  • Estimated Sq Ft: 3351.00

Exterior Features

  • Beachfront Flag: Yes
  • Construction: Frame
  • Roof Material: Slate
  • Exterior: Vinyl
  • Exterior Features: Porch - Enclosed, Deck - Composite
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 8
  • Garage Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 600
  • Electric Features: 400 Amps
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Public School, University

Lot Info

  • Assessments: 637900.00
  • Acre: 0.10
  • Lot Size: 4356.00
  • Page: 174
  • Zoning: R2
  • Lot Description: Paved Drive

Green Features

  • Energy Features: Insulated Windows

Multi Family

  • Total Levels: 3
  • Total Rent: 6275
  • Total Rms: 16
  • No Units: 3
  • Mf Type: 3 Family - 3 Units Up/Down

Tax Info

  • Taxes: 9218.00
  • Assessor Parcel Number: 2134974

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2020
Closed on
Jul 30, 2020
Sold by
Peabody Charles and Peabody Pedro Robert
Bought by
Patterson Meghan E and Patterson Ross P
Seller's Agent
Charles Peabody
Copley Real Estate Group
Buyer's Agent
Team Harborside
Sagan Harborside Sotheby's International Realty
List Price
$799,000
Sold Price
$832,500
Premium/Discount to List
$33,500
4.19%
Total Days on Market
6
Current Estimated Value
$1,115,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,919
Avg. Annual Appreciation
6.27%
Original Mortgage
$628,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2018
Sold by
Peabody Charles and Peabody Isabelle
Bought by
Peabody Charles

Purchase Details

Closed on
Aug 20, 2010
Sold by
8 Forest Ave Salem Nt
Bought by
Peabody Charles and Peabody Isabelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.63%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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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
Patterson Meghan E $832,500 None Available
Peabody Charles -- --
Peabody Charles $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patterson Turnier-Patterson M $619,000
Closed Patterson Meghan E $628,000
Previous Owner Peabody Charles $270,000
Previous Owner Peabody Charles $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2020 08/03/20 Sold $832,500 +4.2% $248 / Sq Ft
06/10/2020 06/10/20 Pending -- -- --
06/04/2020 06/04/20 For Sale $799,000 -- $238 / 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 $12,354 $1,089,400 $168,400 $921,000
2024 $11,312 $973,500 $159,600 $813,900
2023 $11,081 $885,800 $147,800 $738,000
2022 $10,568 $797,600 $138,900 $658,700
2021 $10,251 $742,800 $138,900 $603,900
2020 $9,218 $637,900 $120,000 $517,900
2019 $9,148 $605,800 $114,100 $491,700
2018 $8,427 $547,900 $108,700 $439,200
2017 $7,955 $501,600 $88,700 $412,900
2016 $7,785 $496,800 $83,900 $412,900
2015 $7,340 $447,300 $75,600 $371,700
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Charles Peabody

    Copley Real Estate Group

    1 in this area

    2 Total Sales

    Charles Peabody
    Section Image

  • T

    Buyer's Agent in 2020

    Team Harborside

    Sagan Harborside Sotheby's International Realty

    (617) 816-1909

    7 in this area

    145 Total Sales

    Team Harborside
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72667519

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000386

Massachusetts Essex County Salem 01970 South Salem

8 Forest Ave, Salem, MA

Homes for Sale in Salem, MA

This home is located at 8 Forest Ave, Salem, MA 01970 since 04 June 2020 and is currently estimated at $1,115,419, approximately $332 per square foot. This property was built in 1910. 8 Forest Ave is a home located in Essex County with nearby schools including Saltonstall School, Horace Mann Laboratory, and Carlton Elementary School.

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