Seller's Agent in 2022
LeeAnne Trohon
Laer Realty
(978) 771-8081
6 in this area
87 Total Sales
8 Mead Ct Salem, MA 01970
North Salem NeighborhoodEstimated Value: $818,467 - $944,000
6
Beds
3
Baths
2,080
Sq Ft
$427/Sq Ft
Est. Value
Highlights
- Laundry Room
- Heating Available
- 3-minute walk to Patten Park
About This Home
As of September 2022Golden Opportunity for a savvy owner occupant or investor! Awesome, well cared for 3 family property with lead compliance certificates in a prime location on a dead end street in North Salem. The property is in great condition and each of the 3 units offers a functional floor plan. All units have 2 spacious bedrooms, a bathroom, a large eat in kitchen and a living room. Other features of this home include separate utilities, lead compliance certificates, a large, sunny yard and plenty of parking. Extra storage & shared coin operated laundry available in the basement. Close proximity to the vibrant downtown area & the commuter rail make this property very desirable!This property has so much to offer! Don't miss your chance to see it! 1st showings available this weekend at the open houses on Saturday & Sunday from 12-2! See you there! Please note last 4 pictures showing unit 1 were provided by the owner to show what the space looks like vacant.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,881
Year Built
- Built in 1850
Lot Details
- 5,963
Home Design
- 2,080 Sq Ft Home
- Stone Foundation
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Parking
- 8 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Utilities
- No Cooling
- 3 Heating Zones
- Heating Available
- Gas Water Heater
Additional Features
- Dishwasher
- Laundry Room
- 5,963 Sq Ft Lot
Listing and Financial Details
- Total Actual Rent $3,700
- Rent includes unit 1(water hot water), unit 2(water hot water), unit 3(water hot water)
- Assessor Parcel Number M:27 L:0069,2133005
Community Details
Overview
- 3 Units
- Property has 1 Level
Building Details
- Net Operating Income $44,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 17, 2022
Closed on
Nov 17, 2022
Sold by
Nikolopoulos C J
Bought by
8 Mead Court Rt
Seller's Agent
LeeAnne Trohon
LAER Realty Partners
Buyer's Agent
Connolly Gallo Team
RE/MAX 360
List Price
$675,000
Sold Price
$720,000
Premium/Discount to List
$45,000
6.67%
Views
76
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
$167,367
Avg. Annual Appreciation
6.77%
Purchase Details
Closed on
Aug 15, 1983
Bought by
Southwick Linda S
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 8 Mead Court Rt | -- | None Available | |
| Southwick Linda S | $88,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Southwick Linda S | $102,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/30/2022 09/30/22 | Sold | $720,000 | +6.7% | $346 / Sq Ft |
| 08/23/2022 08/23/22 | Pending | -- | -- | -- |
| 08/17/2022 08/17/22 | For Sale | $675,000 | -- | $325 / 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 | $8,816 | $777,400 | $210,100 | $567,300 |
| 2024 | $8,465 | $728,500 | $199,700 | $528,800 |
| 2023 | $8,120 | $649,100 | $184,300 | $464,800 |
| 2022 | $7,881 | $594,800 | $178,200 | $416,600 |
| 2021 | $7,579 | $549,200 | $165,900 | $383,300 |
| 2020 | $7,118 | $492,600 | $156,700 | $335,900 |
| 2019 | $7,071 | $468,300 | $148,700 | $319,600 |
| 2018 | $6,587 | $428,300 | $141,300 | $287,000 |
| 2017 | $6,184 | $389,900 | $119,200 | $270,700 |
| 2016 | $6,024 | $384,400 | $113,700 | $270,700 |
| 2015 | $5,709 | $347,900 | $104,500 | $243,400 |
Source: Public Records
Agents Affiliated with this Home
-
LeeAnne Trohon
-
Connolly Gallo Team
Buyer's Agent in 2022
Connolly Gallo Team
RE/MAX 360
(978) 808-6718
4 in this area
75 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73026586
APN: SALE-000027-000000-000069
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.
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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