NOT LISTED FOR SALE

8 School St Salem, NH 03079

Estimated Value: $499,080 - $763,000

4 Beds
3 Baths
2,509 Sq Ft
$256/Sq Ft Est. Value

Last Sold March 30, 2023

Last sale price $610,000 $243 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,932/month

6 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Attached Garage
  • Asbestos
  • Enclosed Patio or Porch
  • Baseboard Heating
  • High Speed Internet

About This Home

As of March 2023

Come enjoy the benefits of owning this Circa 1820 two family home in historic Salem NH. This large two family home is perfect for investors or a large extended family. Just minutes from the new Tuscan Village, close to Schools and Highways, and only 40 mins to the seacoast. The first unit features 3-4 beds, 2 baths with a gorgeous updated kitchen, newer boiler, and access to the magnificent old post and beam barn with immense space to hold all your belongings and your vehicles. The second unit features an oversized bedroom, bathroom, and a comfortable living room perfect for entertaining. Each side has its own driveway and beautiful partially fenced in yard. Use this properties cash flow as an investment or live practically rent free as a homeowner and rent the other side letting someone else pay your mortgage. ***SHOWINGS ALLOWED AT OPEN HOUSE ONLY SATURDAY MARCH 11, 12PM - 3PM*** OFFER DEADLINE MONDAY 3/13/23 at NOON

Last Agent to Sell the Property

Craig Cohen

BHHS Verani Salem License #068429 Listed on: 03/07/2023

BHHS Verani Salem

Last Buyer's Agent

Henry Matos

Coldwell Banker Realty Salem License #068595

Coldwell Banker Realty Salem

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,725

Year Built

  • Built in 1825

Lot Details

  • 16,988 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Duplex
  • Converted Dwelling
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding
  • Asbestos

Interior Spaces

  • 3 Full Bathrooms
  • 2-Story Property
  • Unfinished Basement
  • Walk-Up Access

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • William E Lancaster Elementary School
  • Woodbury Middle School
  • Salem High School

Utilities

  • Mini Split Air Conditioners
  • Heating System Uses Gas
  • Mini Split Heat Pump
  • Baseboard Heating
  • Hot Water Heating System
  • 200+ Amp Service
  • 100 Amp Service
  • Propane
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 1626

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,725

Year Built

Built in 1825

Lot Details

0.39 Acres

Parking

1

Listing Details

  • Status Detail: Closed
  • Style: Conversion, Duplex
  • Directions: Please use GPS
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 243.12
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4140
  • Sq Ft - Apx Total Finished: 2509
  • Year Built: 1825
  • List Agent: 7645
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Hardwood, Laminate, Vinyl
  • Total Rooms Above Ground: 8
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 2509
  • Sq Ft - Apx Unfinished AG: 252
  • Sq Ft - Apx Unfinished BG: 1379

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Asbestos, Vinyl Siding
  • Foundation: Brick, Granite
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Metal, Shingle - Asphalt
  • Features Exterior: Fence - Partial, Porch, Porch - Enclosed

Garage/Parking

  • Garage Capacity: 1
  • Garage: Yes
  • Garage Type: Attached

Utilities

  • Electric: 100 Amp, 200 Amp
  • Sewer: Septic
  • Water: Public
  • Water Heater: Electric, On Demand
  • Heating Fuel: Electric, Gas - LP/Bottle
  • Heating: Baseboard, Electric, Hot Water, Mini Split
  • Cooling: Mini Split
  • Total Electric Meters: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2
  • Utilities: Cable - At Site, Gas - Lp/Bottle, High Speed Intrnt -Atsite, Internet - Cable

Schools

  • Elementary School: William E Lancaster School
  • High School: Salem High School

Lot Info

  • Map: 84
  • Lot: 1626
  • Lot Sq Ft: 16988
  • Lot Acres: 0.39
  • Lot Description: Level, Sidewalks
  • Surveyed: Unknown
  • Zoning: Residential
  • Deed Book: 5788
  • Deed Page: 1603
  • Deed Recorded Type: Warranty

Multi Family

  • Total Full Baths: 3
  • Total Units: 2
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 5724.96
  • Tax Year: 2022

MLS Schools

  • School District: Salem School District
  • School Middle Jr: Woodbury School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2023
Closed on
Mar 30, 2023
Sold by
Lemay Jeffrey D and Lemay Rochelle D
Bought by
M20 Re Investment Llc
Seller's Agent
Craig Cohen
BHHS Verani Salem
Buyer's Agent
Henry Matos
Coldwell Banker Realty Salem
List Price
$550,000
Sold Price
$610,000
Premium/Discount to List
$60,000
10.91%
Views
138
Current Estimated Value
$641,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,770
Avg. Annual Appreciation
1.71%
Original Mortgage
$567,150
Outstanding Balance
$548,698
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$93,072

Purchase Details

Listed on
Oct 7, 2016
Closed on
Jan 4, 2017
Sold by
Divincenzo Patrick R and Divincenzo Judith A
Bought by
Lemay Jeffrey D and Lee Rochelle A
Seller's Agent
Debra Divincenzo
Diamond Key Real Estate/ Haverhill
Buyer's Agent
Debra Divincenzo
Diamond Key Real Estate/ Haverhill
List Price
$339,000
Sold Price
$312,500
Premium/Discount to List
-$26,500
-7.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.31%
Original Mortgage
$306,839
Interest Rate
4.03%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 23, 2001
Sold by
Tesluk Paul
Bought by
Divincenzo Patrick R and Di Vincenzo Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,800
Interest Rate
7.2%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
M20 Re Investment Llc $610,000 None Available
Lemay Jeffrey D $312,533 --
Divincenzo Patrick R $156,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open M20 Re Investment Llc $567,150
Previous Owner Lemay Jeffrey D $306,839
Previous Owner Divincenzo Patrick R $240,300
Previous Owner Divincenzo Patrick R $124,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/30/2023 03/30/23 Sold $610,000 +10.9% $243 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
03/07/2023 03/07/23 For Sale $550,000 +76.0% $219 / Sq Ft
01/03/2017 01/03/17 Sold $312,500 -7.8% $125 / Sq Ft View Prior Sale
12/29/2016 12/29/16 Pending -- -- --
10/07/2016 10/07/16 For Sale $339,000 -- $135 / Sq Ft
Source: PrimeMLS

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
2024 $6,672 $379,100 $154,800 $224,300
2023 $6,087 $358,900 $154,800 $204,100
2022 $5,760 $358,900 $154,800 $204,100
2021 $5,735 $358,900 $154,800 $204,100
2020 $5,763 $261,700 $110,600 $151,100
2019 $5,752 $261,700 $110,600 $151,100
2018 $5,655 $261,700 $110,600 $151,100
2017 $5,454 $261,700 $110,600 $151,100
2016 $5,347 $261,700 $110,600 $151,100
2015 $5,632 $263,300 $112,600 $150,700
2014 $5,474 $263,300 $112,600 $150,700
2013 $5,387 $263,300 $112,600 $150,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4944862

PrimeMLS

APN: SLEM-000084-001626

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