80 Wharf St Unit 1 Salem, MA 01970
Derby Street NeighborhoodEstimated Value: $414,000 - $501,106
2
Beds
1
Bath
1,100
Sq Ft
$294/mo
HOA Fee
Highlights
- Marina
- Medical Services
- Property is near public transit
- Ocean View
- Waterfront
- 5-minute walk to National Park Service
About This Home
As of April 2024Explore an excellent investment opportunity in Salem's Pickering Wharf at 80 Wharf St Unit K-1. This charming 2-bedroom, 1-bathroom condo is ideally situated in the picturesque waterfront district. Both investors and owner-occupants will appreciate the turnkey nature of this property, currently tenanted with a reliable 17-year tenant paying market rent. Benefit from stable cash flow and the potential for property appreciation in Salem's thriving rental market if you so choose. With its blend of historic charm and modern amenities, this condo offers a rare chance to secure a hassle-free investment in one of Salem's most sought-after neighborhoods. Please note that interior photos are unavailable due to the tenant's privacy preferences. However, rest assured that the property is in good shape and meticulously maintained for your investment peace of mind. Enjoy occupying or investing in waterfront living in Salem's vibrant community.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,932
Year Built
- Built in 1980
Lot Details
- Waterfront
- Near Conservation Area
- End Unit
- Two or More Common Walls
HOA Fees
- $294 Monthly HOA Fees
Property Views
- Ocean
- Canal
Home Design
- Brick Exterior Construction
- Frame Construction
- Shingle Roof
Interior Spaces
- 1,100 Sq Ft Home
- 1-Story Property
Kitchen
- Range
- Dishwasher
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary bedroom located on second floor
- 1 Full Bathroom
Laundry
- Laundry on upper level
- Dryer
- Washer
Parking
- 1 Car Parking Space
- Off-Street Parking
- Assigned Parking
Location
- Property is near public transit
- Property is near schools
Utilities
- Forced Air Heating and Cooling System
- 1 Heating Zone
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number M:34 L:0408 S:829,2135933
Community Details
Overview
- Association fees include water, sewer, insurance, maintenance structure, road maintenance, ground maintenance, snow removal
- 54 Units
- Low-Rise Condominium
- Pickering Wharf Community
Amenities
- Medical Services
- Shops
Recreation
- Marina
- Park
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 23, 1992
Sold by
Emerson Galo P and Fleet Bk Of Mass
Bought by
Canner Gary S
Total Days on Market
8
Current Estimated Value
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Similar Homes in Salem, MA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Canner Gary S | $70,000 | -- | |
| Canner Gary S | $70,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Eaton George F | $250,000 | |
| Closed | Eaton George F | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/12/2024 04/12/24 | Sold | $400,000 | 0.0% | $364 / Sq Ft |
| 02/29/2024 02/29/24 | Pending | -- | -- | -- |
| 02/20/2024 02/20/24 | For Sale | $400,000 | -- | $364 / 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 | $4,883 | $430,600 | $0 | $430,600 |
| 2024 | $4,932 | $424,400 | $0 | $424,400 |
| 2023 | $4,471 | $357,400 | $0 | $357,400 |
| 2022 | $4,088 | $308,500 | $0 | $308,500 |
| 2021 | $3,973 | $287,900 | $0 | $287,900 |
| 2020 | $4,092 | $283,200 | $0 | $283,200 |
| 2019 | $3,863 | $255,800 | $0 | $255,800 |
| 2018 | $3,568 | $232,000 | $0 | $232,000 |
| 2017 | $3,581 | $225,800 | $0 | $225,800 |
| 2016 | $3,623 | $231,200 | $0 | $231,200 |
| 2015 | $3,697 | $225,300 | $0 | $225,300 |
Source: Public Records
Agents Affiliated with this Home
-
Sherwood & Company Team
Seller's Agent in 2024
Sherwood & Company Team
Compass
(617) 833-0036
1 in this area
42 Total Sales
-
Blake Sherwood
Seller Co-Listing Agent in 2024
Blake Sherwood
Compass
(617) 833-0036
1 in this area
110 Total Sales
-
Team Lillian Montalto
Buyer's Agent in 2024
Team Lillian Montalto
Lillian Montalto Signature Properties
(978) 815-6300
6 in this area
987 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73203890
APN: SALE-000034-000000-000408-000829-000829
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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