NOT LISTED FOR SALE

8 Prince St Salem, MA 01970

The Point Neighborhood

Estimated Value: $617,827 - $751,000

2 Beds
2 Baths
1,752 Sq Ft
$376/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $445,000 $254 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $3,870/month

4 Days on Market

Highlights

  • Wood Flooring
  • Patio
  • 2-minute walk to Mary Jane Lee Park

About This Home

As of September 2020

Nothing To Do But Move Into This Charming Multi 2 Family Located In The Heart Of Salem's Downtown Historic & Waterfront District. 1st Flr Unit Offers Open Floor Plan Kitchen W/Solid Surface Countertops Updated Ikea Cabinets Stainless Steel Appliances Hardwood Flooring & Pantry Storage. Living Area W/Hardwood Floors & Ceiling Fan High Ceilings Full CT Bath & 1 Bdrm Complete Unit. 2nd Lvl Unit Offers Bright & Sunny Open Floor Plan Kitchen W/Solid Surface Countertops Updated Ikea Cabinets Stainless Steel Appliances Hardwood Floors Living Area W/Ceiling Fan & Hardwood Floors Full CT Bath 1 Bdrm & Laundry Hookup In Both Units, 1st Flr Longtime Single Tenant Rent $1050.00 Other Amenities Include Outdoor Courtyard Space For Grilling & Entertaining Brand New French Drain System Installed 8/20 Newer HW Tanks (2) Installed 2019 Properties Plumbed For Central Air System For Next Owner To Connect Gas Heat Systems Off St Prkg 2 Cars Close To Commuter Rail Salem College Downtown Shops & Restaurants

Last Agent to Sell the Property

Stacey Simpson

Century 21 North East Listed on: 08/05/2020

Century 21 North East

Last Buyer's Agent

Dennis Marks

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,484

Year Built

  • Built in 1915

Lot Details

  • Year Round Access

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Outdoor Features

  • Patio
  • Rain Gutters

Utilities

  • Water Holding Tank
  • Natural Gas Water Heater

Additional Features

  • Basement

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,484

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 256.79
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1915
  • Lead Paint: Unknown
  • Year Round: Yes
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1915

Interior Features

  • Flooring: Tile, Wall to Wall Carpet, Hardwood
  • Total Flrs: 3
  • No Bedrooms: 2
  • Total Brs: 2
  • Full Bathrooms: 2
  • Total Fbh: 2
  • No Rooms: 6
  • Basement: Y
  • Basement Features: Full, Interior Access, Sump Pump, Concrete Floor, Unfinished Basement
  • Main Lo: AN4339
  • Main So: C95236
  • Estimated Sq Ft: 1752.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1 to 2 Mile
  • Construction: Frame
  • Roof Material: Rubber
  • Exterior: Stucco
  • Exterior Features: Patio, Gutters
  • Foundation: Fieldstone
  • Foundation Size: UKN

Garage/Parking

  • Parking Feature: Off-Street, Tandem, Paved Driveway
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Heat Zones: 2
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup

Schools

  • High School: WHS

Lot Info

  • Assessments: 312000.00
  • Acre: 0.06
  • Lot Size: 2628.00
  • Page: 428
  • Zoning: R2
  • Lot Description: Paved Drive, Cleared, Level

Green Features

  • Energy Features: Insulated Windows, Insulated Doors

Multi Family

  • Heat Units: 2
  • Total Levels: 2
  • Total Rms: 6
  • No Units: 2
  • Mf Type: 2 Family - 2 Units Up/Down

Tax Info

  • Taxes: 4508.40
  • Assessor Parcel Number: 2135795

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2020
Closed on
Sep 16, 2020
Sold by
Espindola Brenda V
Bought by
Hatch Christian R
Seller's Agent
Stacey Simpson
Century 21 North East
Buyer's Agent
Dennis Marks
Keller Williams Realty Evolution
List Price
$449,900
Sold Price
$445,000
Premium/Discount to List
-$4,900
-1.09%
Current Estimated Value
$623,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,386
Avg. Annual Appreciation
8.43%
Original Mortgage
$436,939
Outstanding Balance
$392,131
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$267,326

Purchase Details

Listed on
Jun 3, 2014
Closed on
Sep 4, 2014
Sold by
Tiro Design & Constr Llc
Bought by
Espindola Brenda V
Seller's Agent
Michael Ross
Cameron Real Estate Group
Buyer's Agent
Stacey Simpson
Century 21 North East
List Price
$250,000
Sold Price
$255,000
Premium/Discount to List
$5,000
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.59%
Original Mortgage
$250,381
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 4, 2010
Sold by
Cook Sandra and Greci John
Bought by
Tiro Design & Constr Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.98%

Purchase Details

Closed on
May 12, 2010
Sold by
Jp Morgan Chase Bk
Bought by
Cook Sandra and Greci John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.98%

Purchase Details

Closed on
Nov 4, 2009
Sold by
Murkison Alexander
Bought by
Jp Morgan Chase Bk

Purchase Details

Closed on
Apr 27, 2004
Sold by
Tejada William J
Bought by
Salem City Of

Purchase Details

Closed on
Mar 30, 1995
Sold by
8 Prince Street Rt
Bought by
Tejada William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
8.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Hatch Christian R $445,000 None Available
Espindola Brenda V $255,000 --
Tiro Design & Constr Llc -- --
Cook Sandra $47,619 --
Jp Morgan Chase Bk $141,520 --
Salem City Of $205,000 --
Tejada William $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hatch Christian R $436,939
Previous Owner Espindola Brenda V $239,800
Previous Owner Espindola Brenda V $250,381
Previous Owner 8 Prince St Rt $130,000
Previous Owner 8 Prince St Rt $100,000
Previous Owner 8 Prince St Rt $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $445,000 -1.1% $254 / Sq Ft
08/09/2020 08/09/20 Pending -- -- --
08/05/2020 08/05/20 For Sale $449,900 +76.4% $257 / Sq Ft
09/04/2014 09/04/14 Sold $255,000 +2.0% $146 / Sq Ft
08/05/2014 08/05/14 Pending -- -- --
06/03/2014 06/03/14 For Sale $250,000 -- $143 / 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 $5,484 $483,600 $139,000 $344,600
2024 $5,334 $459,000 $139,000 $320,000
2023 $5,090 $406,900 $122,600 $284,300
2022 $5,189 $391,600 $114,400 $277,200
2021 $4,927 $357,000 $106,800 $250,200
2020 $4,508 $312,000 $78,700 $233,300
2019 $4,387 $290,500 $69,500 $221,000
2018 $4,090 $265,900 $69,500 $196,400
2017 $3,860 $243,400 $59,300 $184,100
2016 $3,814 $243,400 $59,300 $184,100
2015 $3,223 $196,400 $51,000 $145,400
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Stacey Simpson

    Century 21 North East

    Section Image

  • D

    Buyer's Agent in 2020

    Dennis Marks

    Keller Williams Realty Evolution

    (978) 861-4295

    1 in this area

    99 Total Sales

    Section Image

  • M

    Seller's Agent in 2014

    Michael Ross

    Cameron Real Estate Group

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72704548

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000326

Massachusetts Essex County Salem 01970 The Point

8 Prince St, Salem, MA

This home is located at 8 Prince St, Salem, MA 01970 since 05 August 2020 and is currently estimated at $659,457, approximately $376 per square foot. This property was built in 1915. 8 Prince St is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary 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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