NOT LISTED FOR SALE

Estimated Value: $749,140 - $943,000

6 Beds
3 Baths
2,420 Sq Ft
$353/Sq Ft Est. Value

Sale Details

Date Sold: June 30, 2022

Last sale price $760,000 $314 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,300 / mo

44 Days on Market

About This Home

As of June 2022

Perfectly maintained & updated TWO FAMILY in Salem, MA. This turn of the century 2 family 1st floor offers, On 1st level: 5 rooms, 2 bedrooms, full bath; w/ updated kitchens. Each unit comes w/ updated NGas heat & hot water tanks. 2nd unit is a (Townhouse style) unit for comfort living. It comes w/ 4, or 5 bdrms. A large living room + w/ kitchenet dining, & (2 full baths), w/ a bonus room on 3rd floor, which can be either a Home-office, or as currently being used as 5th bdrm. 3rd flr Top-of-front staircase has a space being used as kids computer-or-Homework area. Each, 3rd flr comes w/ custom openable skylites. All separate utilities + Laundry in-unit hookup. Property sits on level lot w/ back-side porches. Full length bsmnt, which can be finished, or plenty of storage space. Off street parking, for 6+ parking spots, + 1 car garage. Vinyl siding for low maintenance + replacement windows. Great opportunity for owner-occupied, or investor. Nothing to do, but move in, or collect re

Last Agent to Sell the Property

Lucy Mbugua

Primary Homes Realty LLC Listed on: 04/01/2022

Last Buyer's Agent

The Caceda Team

Coldwell Banker Realty - Lynnfield

Coldwell Banker Realty - Lynnfield

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,875

Year Built

  • Built in 1910

Lot Details

  • 4,848 Sq Ft Lot

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking

Home Design

  • 2,420 Sq Ft Home
  • Stone Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number M:16 L:0012,2129011

Community Details

Overview

  • 2 Units
  • Property has 3 Levels

Building Details

  • Net Operating Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,875

Year Built

Built in 1910

Lot Details

4,848 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1910
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 5

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Living Area: 2420
  • Stories Total: 5
  • MAIN LO: AN3393
  • MAIN SO: AN6181

Exterior Features

  • Foundation Details: Stone
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel Number: M:16 L:0012,2129011
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4848
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6875

Multi Family

  • Net Operating Income: 18000
  • Number Of Units Total: 2
  • LEVELS 1: 3
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: Y

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2022
Closed on
Jun 30, 2022
Sold by
Ngotho Joseph N and Njuguna Emily N
Bought by
Seller's Agent
Lucy Mbugua
Primary Homes Realty LLC
Buyer's Agent
The Caceda Team
Coldwell Banker Realty - Lynnfield
List Price
$799,900
Sold Price
$760,000
Premium/Discount to List
-$39,900
-4.99%
Current Estimated Value
$855,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,285
Avg. Annual Appreciation
2.87%
Original Mortgage
$746,234
Outstanding Balance
$704,299
Interest Rate
5.75%
Mortgage Type
FHA
Estimated Equity
$150,986

Purchase Details

Closed on
Mar 26, 2004
Sold by
Herrick Christopher A
Bought by
Ngotho Joseph N and Njuguna Emily

Purchase Details

Closed on
Sep 29, 2000
Sold by
Garabedian Scott W and Garabedian Caroline
Bought by
Herrick Chris A
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$760,000 None Available
Ngotho Joseph N $385,500 --
Herrick Chris A $225,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $746,234
Previous Owner Ngotho Joseph $376,197
Previous Owner Njuguna Emily $380,000
Previous Owner Njuguna Emily N $30,000
Previous Owner Herrick Christopher A $234,500
Previous Owner Herrick Christopher $78,100
Previous Owner Herrick Chris A $228,000
Previous Owner Herrick Chris A $205,600
Previous Owner Garabedian Scott W $55,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/30/2022 06/30/22 Sold $760,000 -5.0% $314 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $799,900 -- $331 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,243 $638,700 $204,400 $434,300
2024 $6,939 $597,200 $194,300 $402,900
2023 $6,712 $536,500 $179,300 $357,200
2022 $6,875 $518,900 $173,300 $345,600
2021 $6,537 $473,700 $161,400 $312,300
2020 $6,426 $444,700 $152,400 $292,300
2019 $6,839 $452,900 $144,700 $308,200
2018 $6,318 $410,800 $137,500 $273,300
2017 $5,897 $371,800 $116,000 $255,800
2016 $5,741 $366,400 $110,600 $255,800
2015 $5,414 $329,900 $101,600 $228,300
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72960801

MLS Property Information Network (MLS PIN)

APN: SALE-000016-000000-000012

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