NOT LISTED FOR SALE

8 Pleasant St Salem, MA 01970

Salem Common Neighborhood

Estimated Value: $821,707 - $880,000

5 Beds
2 Baths
2,336 Sq Ft
$367/Sq Ft Est. Value

Sale Details

Date Sold: October 18, 2023

Last sale price $810,000 $347 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,248 / mo

5 Days on Market

Highlights

  • Granite Flooring
  • Property is near public transit and schools
  • Tennis Courts
  • Deck
  • 2 Fireplaces
  • 3-minute walk to Collins Cove Beach

About This Home

As of October 2023

Welcome to 8 Pleasant Street, ideally located near everything Salem has to offer. Easily walk to Salem Common, downtown Salem, Salem Depot train station, and Collins Cove. This 2 family property features a first floor two bedroom unit and a second floor three bedroom unit, both with hardwood flooring throughout. Each unit has a private deck. Washer and dryer are located in the basement. Come see everything that this wonderful property has to offer.

Last Agent to Sell the Property

Ryan Guilmartin

MerryFox Realty Listed on: 08/30/2023

Last Buyer's Agent

James Riel

JR Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,522

Year Built

  • Built in 1870

Lot Details

  • 3,158 Sq Ft Lot
  • Fenced

Home Design

  • Brick Foundation

Interior Spaces

  • 2,336 Sq Ft Home
  • Property has 1 Level
  • 2 Fireplaces
  • Basement Fills Entire Space Under The House
  • Dishwasher

Flooring

  • Wood
  • Granite
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck
  • Patio
  • Porch

Additional Features

  • Property is near public transit and schools
  • 2 Heating Zones

Listing and Financial Details

  • Total Actual Rent $4,300
  • Assessor Parcel Number M:36 L:0443,2137585

Community Details

Overview

  • 2 Units

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Tennis Courts
  • Park
  • Bike Trail

Building Details

  • Water Sewer Expense $1,200
  • Operating Expense $9,600
  • Net Operating Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,522

Year Built

Built in 1870

Lot Details

3,158 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1870
  • 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: 3

Interior Features

  • Flooring: Wood,Tile,Vinyl
  • Interior Amenities: Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator)
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • Living Area: 2336
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: C95098
  • MAIN SO: AN0852

Exterior Features

  • Exterior Features: Porch,Deck,Patio
  • Fencing: Fenced/Enclosed
  • Foundation Details: Brick/Mortar, Granite
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck, Patio
  • Road Frontage Type: Public
  • Waterfront Features: Beach Front, Other (See Remarks), 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • SEWAGE DISTRICT: Salem
  • HEAT ZONES: 2
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Laundromat, Bike Path, House of Worship, Private School, Public School, T-Station, University
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1200

Lot Info

  • Parcel Number: M:36 L:0443,2137585
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 3158
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7522

Multi Family

  • Net Operating Income: 42000
  • Number Of Units Total: 2
  • Operating Expense: 9600
  • Total Actual Rent: 4300
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: Y
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2023
Closed on
Oct 16, 2023
Sold by
Guilmartin Ryan
Bought by
Piemonte Joseph
Seller's Agent
Ryan Guilmartin
MerryFox Realty
Buyer's Agent
James Riel
JR Associates
List Price
$770,000
Sold Price
$810,000
Premium/Discount to List
$40,000
5.19%
Views
4
Current Estimated Value
$858,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,427
Avg. Annual Appreciation
2.29%
Original Mortgage
$510,000
Outstanding Balance
$496,957
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$361,470

Purchase Details

Listed on
Apr 26, 2021
Closed on
Jun 8, 2021
Sold by
Michelini Christine
Bought by
Guilmartin Ryan
Seller's Agent
Jack Brown
RE/MAX Beacon
Buyer's Agent
Ryan Guilmartin
MerryFox Realty
List Price
$625,000
Sold Price
$690,000
Premium/Discount to List
$65,000
10.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.03%
Original Mortgage
$500,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 1994
Sold by
Gesek Adela Est and Gesek
Bought by
Michelini Massimo and Michelini Christine
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Piemonte Joseph $810,000 None Available
Guilmartin Ryan $690,000 None Available
Michelini Massimo $100,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Piemonte Joseph $510,000
Previous Owner Guilmartin Ryan $500,000
Previous Owner Michelini Massimo $95,000
Previous Owner Michelini Massimo $150,000
Previous Owner Michelini Massimo $119,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/18/2023 10/18/23 Sold $810,000 +5.2% $347 / Sq Ft
09/05/2023 09/05/23 Pending -- -- --
08/30/2023 08/30/23 For Sale $770,000 +11.6% $330 / Sq Ft
06/08/2021 06/08/21 Sold $690,000 +10.4% $295 / Sq Ft View Prior Sale
05/01/2021 05/01/21 Pending -- -- --
04/26/2021 04/26/21 For Sale $625,000 -- $268 / 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 $8,045 $709,400 $195,800 $513,600
2024 $7,687 $661,500 $186,000 $475,500
2023 $7,522 $601,300 $171,700 $429,600
2022 $7,541 $569,100 $166,000 $403,100
2021 $5,971 $432,700 $154,500 $278,200
2020 $5,862 $405,700 $146,000 $259,700
2019 $5,801 $384,200 $138,500 $245,700
2018 $5,371 $349,200 $131,600 $217,600
2017 $4,763 $300,300 $85,900 $214,400
2016 $4,634 $295,700 $81,300 $214,400
2015 $4,468 $272,300 $73,300 $199,000
Source: Public Records

Agents Affiliated with this Home

  • Ryan Guilmartin

    Seller's Agent in 2023

    Ryan Guilmartin

    MerryFox Realty

    (617) 852-0040

    3 in this area

    36 Total Sales

    Ryan Guilmartin
    Section Image

  • J

    Buyer's Agent in 2023

    James Riel

    JR Associates

    Section Image
  • Jack Brown

    Seller's Agent in 2021

    Jack Brown

    RE/MAX

    (508) 284-5098

    2 in this area

    156 Total Sales

    Jack Brown
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73153814

MLS Property Information Network (MLS PIN)

APN: SALE-000036-000000-000443

Massachusetts Essex County Salem 01970 Salem Common

8 Pleasant St, Salem, MA

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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.