NOT LISTED FOR SALE
4 Beds
4 Baths
1,804 Sq Ft
3,302 Sq Ft Lot

Last Sold January 05, 2023

Last sale price $655,000 $363 Per Sq Ft

217 Days on Market

About This Home

As of January 2023

This is an amazing opportunity to get a multi family in one of the hottest Real Estate markets in the Northshore. This 4 unit multi family home is perfect for an investor looking to add to their portfolio. 8 Lathrop St is conveniently located in between Downtown Salem and Downtown Beverly right before the Beverly-Salem bridge also minutes away from Salem MBTA station making it a great commuter location for both students and professionals. Don't miss your chance to own this 4 unit investment property.

Last Agent to Sell the Property

Brian Ortins

Four Points Real Estate, LLC Listed on: 04/21/2022

Co-Listed By

Sofia Vasconcelos

Four Points Real Estate, LLC

Last Buyer's Agent

Gina And Associates

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,335

Year Built

  • Built in 1850

Lot Details

  • 3,302 Sq Ft Lot

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,804 Sq Ft Home
  • Unfinished Basement
  • Dirt Floor

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 3 Car Parking Spaces
  • Common or Shared Parking
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Listing and Financial Details

  • Total Actual Rent $4,600
  • Assessor Parcel Number M:36 L:0336,2137469

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $55,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,335

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1850
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 4
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Dirt Floor, Unfinished
  • Living Area: 1804
  • Stories Total: 6
  • MAIN LO: AC0342
  • MAIN SO: C95098

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Common, Paved
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: M:36 L:0336,2137469
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3302
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6335

Multi Family

  • Net Operating Income: 55200
  • Number Of Units Total: 4
  • Total Actual Rent: 4600
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2023 01/05/23 Sold $655,000 -5.1% $363 / Sq Ft
11/25/2022 11/25/22 Pending -- -- --
11/01/2022 11/01/22 For Sale $689,900 0.0% $382 / Sq Ft
09/19/2022 09/19/22 Pending -- -- --
06/28/2022 06/28/22 Price Changed $689,900 -1.4% $382 / Sq Ft
04/21/2022 04/21/22 For Sale $699,900 -- $388 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $7,065 $623,000 $163,700 $459,300
2024 $6,604 $568,300 $155,100 $413,200
2023 $6,426 $513,700 $143,600 $370,100
2022 $6,335 $478,100 $135,000 $343,100
2021 $5,813 $421,200 $135,000 $286,200
2020 $5,396 $373,400 $116,600 $256,800
2019 $5,210 $345,000 $110,900 $234,100
2018 $4,789 $311,400 $105,700 $205,700
2017 $4,539 $286,200 $86,200 $200,000
2016 $4,413 $281,600 $81,600 $200,000
2015 $4,390 $267,500 $73,500 $194,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72969600

MLS Property Information Network (MLS PIN)
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