NOT LISTED FOR SALE

Estimated Value: $758,274 - $918,000

5 Beds
2.5 Baths
2,829 Sq Ft
$300/Sq Ft Est. Value

Last Sold December 22, 2023

Last sale price $785,000 $277 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,074/month

6 Days on Market

Highlights

  • Scenic Views
  • Wood Flooring
  • 4-minute walk to Palmer Cove Park
  • Deck
  • Porch

About This Home

As of December 2023

Exciting opportunity to purchase this spacious, well maintained two family with incredible views of Salem Harbor! The first floor unit offers 3 bedrooms, large bath, hardwood floors, granite countertops and large deck overlooking the yard and ocean. The second floor unit has 2 bedrooms, hardwoods, updated kitchen, and two balconies. Spacious rooms with high ceilings, built ins, period details and great natural light throughout. Level yard and separate 2-car driveways for each unit.Conveniently located near Salem State University campus, Pickering Wharf and Downtown Salem. A must see! Please send best and final offers in one document by Tuesday 9/12 at 6pm.

Last Agent to Sell the Property

Team Harborside

Sagan Harborside Sotheby's International Realty Listed on: 09/06/2023

Sagan Harborside Sotheby's International Realty

Last Buyer's Agent

Team Harborside

Sagan Harborside Sotheby's International Realty Listed on: 09/06/2023

Sagan Harborside Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,763

Year Built

  • Built in 1920

Lot Details

  • 4,099 Sq Ft Lot

Home Design

  • Duplex
  • Frame Construction
  • Slate Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,829 Sq Ft Home
  • Property has 1 Level
  • Scenic Vista Views
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Bulkhead
  • Deck
  • Porch

Utilities

  • Separate Meters
  • Natural Gas Connected

Community Details

  • 2 Units
  • Net Operating Income $26,400

Listing and Financial Details

  • Total Actual Rent $2,200
  • Assessor Parcel Number M:33 L:0536,2135155

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,763

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1920
  • Year Built Details: Actual
  • 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: Tile,Hardwood
  • Fireplace YN: No
  • Appliances: Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup
  • Basement: Full, Interior Entry, Bulkhead, Unfinished
  • Living Area: 2829
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN4471
  • MAIN SO: AN4471

Exterior Features

  • Exterior Features: Porch,Deck
  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck
  • Roof: Slate
  • View: Scenic View(s)
  • View YN: Yes
  • Waterfront Features: Beach Front
  • Waterfront YN: No
  • Waterview Flag: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Electric: Circuit Breakers, Individually Metered
  • Water Source: Public
  • Hot Water: Electric

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: M:33 L:0536,2135155
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.09
  • Lot Size Sq Ft: 4099
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6763

Multi Family

  • Net Operating Income: 26400
  • Number Of Units Total: 2
  • Total Actual Rent: 2200
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2007
Sold by
Martel Rt and Martel
Bought by
Martel Donald R
Current Estimated Value
$848,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Outstanding Balance
$214,811
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$633,508
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Martel Donald R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martel Donald R $352,000
Previous Owner Martel Donald R $627,200
Previous Owner Martel Donald R $197,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/22/2023 12/22/23 Sold $785,000 -1.9% $277 / Sq Ft
09/13/2023 09/13/23 Pending -- -- --
09/06/2023 09/06/23 For Sale $799,900 +29.5% $283 / Sq Ft
10/06/2020 10/06/20 Sold $617,500 -0.2% $218 / Sq Ft View Prior Sale
08/18/2020 08/18/20 Pending -- -- --
08/11/2020 08/11/20 For Sale $619,000 +17.9% $219 / Sq Ft
11/09/2018 11/09/18 Sold $525,000 +1.2% $186 / Sq Ft View Prior Sale
10/03/2018 10/03/18 Pending -- -- --
09/26/2018 09/26/18 For Sale $519,000 -- $183 / 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 $7,497 $661,100 $200,600 $460,500
2024 $6,991 $601,600 $190,600 $411,000
2023 $6,763 $540,600 $176,000 $364,600
2022 $6,971 $526,100 $170,100 $356,000
2021 $6,710 $486,200 $158,400 $327,800
2020 $6,559 $453,900 $149,600 $304,300
2019 $6,490 $429,800 $141,900 $287,900
2018 $6,001 $390,200 $134,900 $255,300
2017 $5,594 $352,700 $113,800 $238,900
2016 $5,444 $347,400 $108,500 $238,900
2015 $5,286 $322,100 $99,700 $222,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73155499

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000536