NOT LISTED FOR SALE

8 Lathrop St Salem, MA 01970

Collins Cove Neighborhood
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
  • Buyer Agency: 2
  • Transaction Broker: 1
  • 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
  • Total Bathrooms: 4
  • Basement: Dirt Floor, Unfinished
  • Living Area: 1804
  • Stories Total: 6
  • MAIN LO: AC0342
  • LIST PRICE PER Sq Ft: 382.43
  • PRICE PER Sq Ft: 363.08
  • 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 Area: 0.08
  • Lot Size Sq Ft: 3302
  • Lot Size Units: Acres
  • PAGE: 368
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6335
  • Tax Book Number: 29187

Multi Family

  • Gross Income: 55200
  • 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 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

Range of Values:

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Average Value
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Sold Price
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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 Change Sq Ft Price
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Brian Ortins

    Four Points Real Estate, LLC

    Section Image

  • S

    Seller Co-Listing Agent in 2023

    Sofia Vasconcelos

    Four Points Real Estate, LLC

    Section Image

  • G

    Buyer's Agent in 2023

    Gina And Associates

    Keller Williams Realty Evolution

    (978) 352-0258

    1 in this area

    113 Total Sales

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72969600

MLS Property Information Network (MLS PIN)

Massachusetts Essex County Salem 01970 Collins Cove

8 Lathrop St, Salem, MA

This home is located at 8 Lathrop St, Salem, MA 01970 since 21 April 2022. This property was built in 1850. 8 Lathrop St is a home located in Essex County with nearby schools including Carlton Elementary School, Saltonstall School, and Bates Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) 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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