NOT LISTED FOR SALE

Estimated Value: $663,078 - $905,000

4 Beds
4 Baths
2,032 Sq Ft
$380/Sq Ft Est. Value

Last Sold December 15, 2021

Last sale price $680,000 $335 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,919/month

4 Days on Market

Highlights

  • Golf Course Community
  • Wood Flooring
  • Porch
  • Property is near public transit
  • Jogging Path
  • 3-minute walk to Mack Park

About This Home

As of December 2021

WOW! This 2 family home is A GRAND SLAM WINNER FOR PRICE, LOCATION, AND CONDITION! Strong rental history and great cash flow makes this property a standout for owner occupied or investors! Each unit offers 2 floors of thoughtfully laid out living space with all the bells & whistles. Gourmet kitchens w/granite counters, stainless appliances, hardwood flooring and each offers two spacious bedrooms & updated full bath. Each unit has its own private fenced yard perfect for entertaining, playing ball, relaxing with a cup of coffee or playing with your favorite 4 legged friend. Both units have their own full sized washer and dryer and private basement for plenty of storage. Unit 1 has private off street parking and both units have access to ample parking in three separate neighboring lots just steps from the house. To top it all off, both units are fully deleaded! So enjoy coastal living in one of the hottest towns in MA while collecting rent and building equity. Open Sat.12-2

Last Listed By

Brittany Hartnett

Keller Williams Realty License #456016160 Listed on: 11/04/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,761

Year Built

  • Built in 1850 | Remodeled

Lot Details

  • 5,663 Sq Ft Lot
  • Fenced
  • Garden

Home Design

  • Duplex
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,032 Sq Ft Home
  • Property has 2 Levels
  • Insulated Windows
  • Insulated Doors
  • Washer

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Parking

  • 1 Car Parking Space
  • Driveway
  • On-Street Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Patio
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • 2 Heating Zones
  • Heating Available
  • Natural Gas Connected
  • Electric Water Heater

Listing and Financial Details

  • Total Actual Rent $4,100
  • Rent includes unit 1(water other (see remarks)), unit 2(water other (see remarks))
  • Assessor Parcel Number M:26 L:0006,2132120

Community Details

Recreation

  • Golf Course Community
  • Park
  • Jogging Path

Building Details

  • Insurance Expense $1,798
  • Water Sewer Expense $621
  • Operating Expense $4,923
  • Net Operating Income $44,277

Additional Features

  • 2 Units
  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,761

Year Built

Built in 1850 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Side by Side
  • Property Condition: Unit 1 Remodeled
  • Year Built: 1850
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 2%
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Tile,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors)
  • Interior Amenities: Unit 1(Lead Certification Available,Storage,Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower,Open Floor Plan), Unit 2(Lead Certification Available,Storage,Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen,Mudroom), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Mudroom)
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer), Unit 2(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer), Electric Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 4
  • Full Bathrooms: 4
  • Total Bathrooms: 2
  • Total Bathrooms: 4
  • Basement: Full, Walk-Out Access, Interior Entry, Concrete
  • Living Area: 2032
  • Stories Total: 4
  • Window Features: Insulated Windows
  • MAIN LO: G95022
  • LIST PRICE PER Sq Ft: 319.39
  • PRICE PER Sq Ft: 334.65
  • MAIN SO: AN6527

Exterior Features

  • Exterior Features: Garden
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Stone
  • Patio And Porch Features: Porch, Patio
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, On Street
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Unit 1(None), Unit 2(None)
  • Heating: Unit 1(Gas,Individual,Unit Control), Unit 2(Gas,Individual,Unit Control)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 2

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, T-Station, University
  • Rent Includes: Unit 1(Water,Other (See Remarks)), Unit 2(Water,Other (See Remarks))

Fee Information

  • Water Sewer Expenses: 621

Lot Info

  • Parcel Number: M:26 L:0006,2132120
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5662.8
  • Lot Size Units: Acres
  • LOT SIZE: 5702
  • PAGE: 71

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6761
  • Tax Book Number: 35779

Multi Family

  • Gross Income: 49200
  • Insurance Expense: 1798
  • Net Operating Income: 44277
  • Number Of Units Total: 2
  • Operating Expense: 4923
  • Total Actual Rent: 4100
  • LEVELS 1: 2
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2021
Closed on
Jan 12, 2022
Sold by
Holden Emily N and Holden Thomas A
Bought by
81 Flint Street Salem Llc
Seller's Agent
Brittany Hartnett
Keller Williams Realty
Buyer's Agent
Joshua Green
Keller Williams Realty Evolution
List Price
$649,000
Sold Price
$680,000
Premium/Discount to List
$31,000
4.78%
Total Days on Market
4
Current Estimated Value
$771,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,770
Avg. Annual Appreciation
3.77%
Original Mortgage
$510,000
Outstanding Balance
$473,741
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$298,029

Purchase Details

Listed on
Nov 4, 2021
Closed on
Dec 15, 2021
Sold by
Strobel John M and Strobel Michala K
Bought by
Holden Emily N and Holden Thomas A
Seller's Agent
Brittany Hartnett
Keller Williams Realty
Buyer's Agent
Joshua Green
Keller Williams Realty Evolution
List Price
$649,000
Sold Price
$680,000
Premium/Discount to List
$31,000
4.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Outstanding Balance
$473,741
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$298,029

Purchase Details

Listed on
Jan 20, 2017
Closed on
Apr 4, 2017
Sold by
Lonano Property Holdin
Bought by
Strobel John M and Strobel Michala K
Seller's Agent
Elaine Baginski
Keller Williams Realty Evolution
Buyer's Agent
Michael Whitney
List Price
$499,900
Sold Price
$480,000
Premium/Discount to List
-$19,900
-3.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%
Original Mortgage
$384,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 15, 2016
Closed on
Jun 9, 2016
Sold by
Fnma
Bought by
Lonano Property Holdin
Seller's Agent
Fredrick Mattei
Pradium Realty
Buyer's Agent
Elaine Baginski
Keller Williams Realty Evolution
List Price
$185,000
Sold Price
$185,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
219.86%
Original Mortgage
$210,000
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 16, 2011
Sold by
Weiss Mildred
Bought by
Salem City Of

Purchase Details

Closed on
Mar 21, 1989
Sold by
Miller Angela M
Bought by
Weiss Mildred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
10.46%
Mortgage Type
Purchase Money Mortgage

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
81 Flint Street Salem Llc -- None Available
Holden Emily N $680,000 None Available
Strobel John M $480,000 --
Lonano Property Holdin $185,000 --
Salem City Of $3,751 --
Weiss Mildred $171,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holden Emily N $510,000
Previous Owner Strobel John M $360,600
Previous Owner Strobel John M $384,000
Previous Owner Lonano Property Holdin $200,000
Previous Owner Lonano Property Holdin $210,000
Previous Owner Weiss Mildred $74,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2021 12/15/21 Sold $680,000 +4.8% $335 / Sq Ft
11/09/2021 11/09/21 Pending -- -- --
11/04/2021 11/04/21 For Sale $649,000 +35.2% $319 / Sq Ft
04/04/2017 04/04/17 Sold $480,000 -1.0% $183 / Sq Ft
02/26/2017 02/26/17 Pending -- -- --
02/08/2017 02/08/17 Price Changed $484,900 -3.0% $184 / Sq Ft
01/20/2017 01/20/17 For Sale $499,900 +170.2% $190 / Sq Ft
06/08/2016 06/08/16 Sold $185,000 0.0% $70 / Sq Ft
05/10/2016 05/10/16 Pending -- -- --
05/02/2016 05/02/16 For Sale $185,000 0.0% $70 / Sq Ft
04/26/2016 04/26/16 Pending -- -- --
03/26/2016 03/26/16 For Sale $185,000 0.0% $70 / Sq Ft
03/24/2016 03/24/16 Pending -- -- --
03/15/2016 03/15/16 For Sale $185,000 -- $70 / 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 $7,678 $677,100 $155,700 $521,400
2024 $7,436 $639,900 $155,700 $484,200
2023 $7,193 $575,000 $137,400 $437,600
2022 $7,130 $538,100 $128,200 $409,900
2021 $6,761 $489,900 $119,700 $370,200
2020 $6,683 $462,500 $123,900 $338,600
2019 $6,990 $462,900 $112,900 $350,000
2018 $5,821 $378,500 $97,700 $280,800
2017 $4,856 $306,200 $78,100 $228,100
2016 $4,798 $306,200 $78,100 $228,100
2015 $4,575 $278,800 $67,200 $211,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72913675

MLS Property Information Network (MLS PIN)

APN: SALE-000026-000000-000006